NIA Partners with UNDP to Develop Mortality Rate Tables for Life Insurance in Nigeria

The Nigerian Insurers Association (NIA) has collaborated with the United Nations Development Programme (UNDP) to develop mortality rate tables for life insurance products in Nigeria, aiming to add significant value to the insurance market. Key achievements in the industry include the Nigeria Insurance Reform Act signed into law, efforts to boost public confidence, and partnerships with organizations like Africa Re Foundation and Milliman.

The NIA's initiatives, such as the NIA Innov Lab and advocacy for compulsory insurance, have contributed to the growth and transformation of the Nigerian insurance industry. The partnership with UNDP focuses on enhancing insurance awareness and building actuarial expertise in Nigeria.