NIA Unveils Innovation Lab To Fast-Track Insurance Digitalisation
By BANKOLE ORIMISAN
THE Nigerian Insurers Association (NIA) has initiated its 2025 Innovation Lab, a six-week accelerator programme designed to transform Nigeria’s insurance sector through cutting-edge technology, strategic partnerships and start-up-driven solutions.
Unveiled in Lagos, the initiative aims to serve as a collaborative hub where insurers, startups and fintech partners co-create scalable solutions tailored to the Nigerian market.
The lab will focus on digital tools that improve customer acquisition, fraud prevention, electronic KYC and claims management.
Speaking at the launch, NIA Chairman Kunle Ahmed said the project marked a turning point in positioning the industry for a technology-led future.
“We are not just opening a facility, we are igniting a movement rooted in innovation, driven by collaboration and destined to transform how we protect lives and assets,” he said.
Ahmed highlighted the urgency of digital adoption, noting Nigeria’s median age of 18 and the need for insurers to leverage artificial intelligence, blockchain and advanced data analytics to expand access and build trust.
“Innovation is not a luxury; it is a necessity. The future of our industry depends on agility, inclusiveness and digital empowerment,” he stressed.
The programme’s design followed an extensive industry survey that engaged 45 senior executives across life, general and micro-insurance segments.
Its findings revealed a strong appetite for innovation, with 87 per cent of executives willing to collaborate on shared solutions and 69 per cent ready to commit resources this year.
(The Guardian)
