Journalists Urged to Probe Insurance Cover After Disasters Under NIIRA 2025
Insurance and media experts have urged Nigerian journalists to look beyond the immediate damage caused by fires, building collapses, accidents and business failures. They said reports should also examine whether affected people, businesses and public assets were insured, how claims would be handled and who would bear uninsured losses. At a Lagos media seminar on insurance and journalism, speakers said low public awareness, mistrust of insurers, poor claims experiences and weak enforcement of compulsory insurance have limited insurance uptake in Nigeria. They called on reporters to explain insurance issues in clear language and hold insurers, regulators and public institutions accountable. Industry leaders said the Nigerian Insurance Industry Reform Act 2025 could improve policyholder protection, compulsory cover, regulation and digital access. They stressed that the reforms must be backed by prompt settlement of valid claims, accessible products and stronger enforcement. Speakers also highlighted the potential of artificial intelligence and blockchain for digital onboarding, claims processing and flexible insurance products. They maintained that stronger reporting and public education could help shift Nigeria from relying on post-disaster relief to planning for risk before losses occur.
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