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West African Insurers To Offer Insurance Solutions To Climate Change

by Leadership News
4 hours ago
in News
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West African insurers under the auspices of the West Africa Insurance Companies Association (WAICA) are set to offer insurance solutions to the ongoing climatic change that is disrupting countries in the Africa and the rest of the world.

The underwriters, through its the 2025 WAICA Education conference, scheduled to take place from Sunday, 12 October to Wednesday, 15 October 2025 in Victoria Island, Lagos, will discuss the theme: ‘The West African Insurer in the Face of Climate Change,’ in a move to offer technical solutions to the climate change.

This year’s conference, organised by the Nigerian Insurers Association (NIA) will bring together insurance practitioners, regulators, policymakers, and thought leaders representing countries across the West African sub-region.

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Member countries of WAICA, namely Nigeria, Ghana, Sierra Leone, Liberia, and The Gambia, will be represented, making the conference a truly regional platform for knowledge exchange, networking, and collaboration.

Speaking at a press briefing in Lagos on Tuesday, the chairman of the Local Organising Committee (LOC)! 2025 WAICA Education Conference! Ebelechuwu Nwachukwu said the event will provide a strategic platform for deliberations on the impact of climate change on the insurance industry and actionable strategies to safeguard the future of insurance education and practice.

According to her, “it is imperative for African insurers to engage in robust discussions on climate change, as the continent faces unique vulnerabilities such as extreme weather events, flooding, drought, and agricultural disruptions that directly impact businesses, communities, and livelihoods.”

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For insurers, she said, these challenges translate into rising claims, increased risk exposures, and the urgent need for innovative products and risk management strategies, adding that, “by coming together at the WAICA conference, African insurers not only strengthen their collective preparedness but also position themselves to engage competitively with their global counterparts in shaping sustainable insurance practices and climate resilience solutions.”

 

Assuring that, the Local Organising Committee (LOC) for the 2025 WAICA Education Conference has assembled an array of eminent local and international insurance industry leaders, dignitaries, and technical experts who will speak on and critically dissect the theme and various sub-themes of the conference, she added that, the LOC have put in place adequate arrangements for the transportation and security of foreign delegates and other participants at the conference to ensure a seamless and safe experience throughout their stay in Lagos.

 

She pointed out that the 2025 WAICA Education Conference promises to be a landmark event, reinforcing regional cooperation and highlighting the critical role of insurers in responding to climate challenges while offering delegates a unique opportunity to experience the dynamism of Lagos.

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