Making Insurance Work For Nigeria

Advocating for transparency, fairness, and accessibility in the insurance industry

Bridging Awareness

Educating individuals and businesses about the benefits of insurance coverage

Driving Development

Collaborating with government agencies and stakeholders to advance the insurance sector

Empowering Policyholders

Ensuring settlement of genuine claims

About Us

Transparent Protection Ltd/Gte is a non-profit organization promoting transparency, accountability, and accessibility in Nigeria’s insurance industry. Since 2012, we have been working to raise awareness about insurance, drive industry development, and advocate for policy changes.

Our motivation behind starting this organization is to facilitate widespread insurance adoption, ensure fair claims settlement, and empower individuals and businesses to make informed decisions about their insurance needs.

Our Core Values

Our Initiatives

Driving positive change through our initiatives

Awareness

Raising awareness about insurance education and coverage benefits

Advocacy

Influencing insurance policies and advocating for consumer protection

Partnerships

Fostering collaborations with government agencies and stakeholders for industry growth

Articles

Insurance News Beat

Senate Passes NDIC Amendment Bill to Strengthen Nigeria’s Financial Sector

October 30, 2024

The Nigerian Senate has passed an amendment to the NDIC Act, increasing depositor protections, reinforcing the NDIC’s operational stability, and expanding its authority, while maintaining the Central Bank’s regulatory role.

Nigerian Insurers Allocate Over Half of Premium Income to Claims in 2023, Says NIA Chairman

October 28, 2024

Nigerian insurers paid out N536.5 billion in claims in 2023, representing 54% of their Gross Premium Income, demonstrating the industry’s commitment to customer claims, transparency, and regulatory modernization.

Health Sector Strengthening Urged as Nigeria Pushes for Mandatory Insurance Enrollment Compliance

October 25, 2024

Lekan Ewenla, CEO of Ultimate Health HMO, advocates for enforced compliance with Nigeria’s National Health Insurance Programme, highlighting its potential to bolster healthcare funding, retain professionals, and improve the nation’s health outcomes.

Debunking Common Insurance Myths

October 4, 2024

The article addresses common misconceptions about insurance that often discourage people from purchasing coverage. It debunks myths like insurance being too expensive or unnecessary for young people, explaining the importance of understanding insurance policies and seeking professional guidance to make informed financial decisions.

Pet Insurance: Is It Worth It? An Emerging Market in Nigeria

October 4, 2024

This article explores the emerging trend of pet insurance in Nigeria, highlighting its benefits, types of policies, and challenges. It discusses why pet insurance is gaining attention, how it can provide financial protection for veterinary care, and its potential to grow in Nigeria as pet ownership increases.

Insurance for High-Net-Worth Individuals: Special Considerations and Policies

September 30, 2024

This article explores specialized insurance solutions tailored for high-net-worth individuals (HNWIs) in Nigeria. It covers asset protection, liability coverage, personal security, estate planning, business insurance, and cross-border risks. It emphasizes the importance of customized policies to meet the complex needs of HNWIs and ensure their financial security.