GOXI Microinsurance Pays N636m Claims to Low-Income Households in Nigeria, Promotes Financial Inclusion

GOXI Microinsurance has disbursed N636 million in claims to low-income households in Nigeria, collaborating with Microinsur Network to enhance financial inclusivity. The partnership aims to provide insurance coverage to vulnerable groups, such as small businesses and low-income families, protecting them from unexpected financial shocks.

The 3rd annual conference in Lagos focused on microinsurance's role in inclusive growth, discussing affordable insurance options for traders and MSMEs. Shina Gbadegesin, the Managing Director of GOXI Microinsurance, highlighted the importance of insurance as a lifeline, especially for those operating without protection.

The event explored digital solutions and gender-focused products to bridge economic gaps and support market resilience.