West African Insurers To Discuss Climate Change In Nigeria

West African insurers under the auspices of the West African Insurance Companies Association (WAICA), will converge in Nigeria to discuss ‘The West African Insurer in the Face of Climate Change.’

Hence, the Nigerian insurance industry is hosting the 2025 Education Conference of WAICA, taking place from October 12 to 15, 2025, in Lagos. The conference organised by the Nigerian Insurers Association (NIA) on behalf of the broader Nigerian insurance market will welcome delegates from Nigeria, Ghana, Gambia, Sierra Leone, Liberia, and other West African nations.

According to Ebelechukwu Nwachukwu, chairperson of the 2025 WAICA Education Conference’s Local Organising Committee (LOC), the event will spotlight the pivotal role insurers play in safeguarding communities and economies from the escalating risks of climate-related disasters.

As the global insurance industry faces mounting pressure to align with the Paris Agreement, West African insurers must also evolve, adopting sustainable practices, integrating environmental risk into underwriting, and developing inclusive insurance products to protect vulnerable populations.

Nigeria’s strategic position as a regional hub, its expanding insurance sector, and its commitment to sustainable development make it an ideal host. With its vibrant culture and hospitality, Lagos promises an enriching experience for all attendees.

She added that the conference will explore climate-resilient insurance models and regulatory frameworks, innovations in digital claims processing and green underwriting, regional collaboration and public-private partnerships, and Incentives like premium discounts for low-carbon assets and government-backed reinsurance pools.

Delegates, she noted, will gain insights into best practices from the Anglophone West Africa market and engage with leaders shaping the future of climate-aware insurance in West Africa.

Confirmed dignitaries and speakers include: the commissioner for Insurance & CEO, National Insurance Commission (NAICOM, Olusegun Ayo Omosehin, who will deliver the keynote address. Deputy minister of Finance, Sierra Leone, Bockarie Kaloko; the group managing director, Custodian Investments Plc, Wole Oshin; acting Commissioner of Insurance, Ghana, Dr. Abiba Zakariah, regulators, government officials; insurance industry professionals and development agencies from West Africa and beyond.

According to organisers, the WAICA 2025 Education Conference promises to be a landmark event, fostering regional cooperation and equipping insurers with the tools to navigate the evolving climate landscape.