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Odujinrin & Adefulu

Nigerian Insurance Industry Reform Act 2025: What is New? Part 4

The Nigerian Insurance Industry Reform Act 2025 introduces a stronger and more transparent framework for insurance and reinsurance operations in Nigeria. In Part 4 of the Insurance Reform Act Series, we explore the provisions of the Act as it relates to mandatory group life assurance, credit life insurance, and the stricter penalties for unlicensed insurance operations.

Nigerian Insurance Industry Reform Act 2025; What is New Part 4