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Odujinrin & Adefulu

Nigerian Insurance Industry Reform Act 2025: What is New? Part 3

On August 5, 2025, the Nigerian Insurance Industry Reform Act was signed into law, marking a significant milestone for the industry. This new legislation introduces crucial reforms to address modern challenges and emerging risks in the insurance sector. In Part 3 of the Insurance Reform Act Series, we delve into the Act’s provisions on corporate governance, consumer protection, and technological integration, and their potential impacts on the industry.

Nigerian Insurance Industry Reform Act 2025; What is new Part 3