Nigerian Government Urges Regional Insurers to Collaborate on Climate Risk Management

The Nigerian government is calling on insurers in West Africa to work together to mitigate losses from climate-related risks, emphasizing the need for collaboration through a regional risk pool and reinsurance platform. Dr. Dori Uzoka Anit highlighted the significant financial impact of climate disasters in Africa and advocated for innovative insurance products.

The West African Insurers face the challenge of climate change and aim to develop sustainable insurance solutions to protect various sectors. The government stresses the importance of collective efforts to strengthen preparedness and response mechanisms.