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NIIRA 2025: A New Dawn in the Insurance Sector The National Insurance Commission (NAICOM) ensures regulatory excellence and protects policyholders while fostering trust and stability in Nigeria’s insurance industry. Discover More

  • Strengthen Nigeria's insurance sector

  • Accelerate the nation's march toward a $1 trillion economy

  • Protect policyholders and stakeholders

  • Promote discipline, ethical practices, and sound market conduct

  • Accelerate insurance penetration, public awareness, and inclusive sectoral growth

  • Facilitate job creation and support employment-driven initiatives


NAICOM constitutes a 2025 Recapitalization Committee Regulating Nigeria’s Insurance Sector with Integrity and Excellence.

  • Insurance Act 2003

  • Marine Insurance Act 2004

  • Motor Vehicles (Third Party Insurance) Act 1945

  • National Insurance Corporation of Nigeria Act 1969

  • Nigeria Reinsurance Corporation Act 1977


—————————————— NIIRA provides for higher protection of policy holders Key Objectives of the NIIRA 2025 NIIRA 2025 consolidates and repeals several outdated laws that previously governed the insurance sector, including: —————————————— Learn More

Regulating the Insurance Industry, Protecting the Public Trust

The National Insurance Commission (NAICOM) is the apex regulatory authority for Nigeria’s insurance sector. We ensure strict compliance with laws and guidelines to maintain market integrity and consumer confidence. Through proactive supervision and sound regulatory frameworks, we protect policyholders and promote sustainable industry growth.

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NAICOM sets policies and provides regulatory oversight for all key sectors of the Nigerian insurance industry. Each segment plays a vital role in protecting lives, assets, and investments while supporting economic stability.

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The President, His Excellency Bola Ahmed Tinubu, has signed the Nigerian Insurance Industry Reform Act 2025 (NIIRA 2025) into law........NAICOM releases a revised regulation on leased aircrafts........DISCLAIMER: Use of the name and office of the commissioner for insurance for unscrupulous activities