Insurers, policymakers to explore climate risk strategies at WAICA 2025

Top insurers, policymakers, and development experts from across West Africa will converge in Lagos for the 2025 Education Conference of the West African Insurance Companies Association (WAICA). The conference is set to take place from October 12 to 15, 2025, at the Eko Hotels & Suites. Organized by the Nigerian Insurers Association (NIA) on behalf […]

Top insurers, policymakers, and development experts from across West Africa will converge in Lagos for the 2025 Education Conference of the West African Insurance Companies Association (WAICA).

The conference is set to take place from October 12 to 15, 2025, at the Eko Hotels & Suites.

Organized by the Nigerian Insurers Association (NIA) on behalf of the broader Nigerian insurance market, the conference is themed “The West African Insurer in the Face of Climate Change.”

It will focus on the growing need for the region’s insurance sector to develop effective strategies for climate risk mitigation, adaptation, and resilience.

“Nigeria’s expanding insurance landscape, its leadership role in the sub-region, and strong commitment to sustainable development make it an ideal host,” said Mrs. Ebelechukwu Nwachukwu, Chairperson of the Local Organizing Committee (LOC) for WAICA 2025.

According to her, the conference is expected to equip insurers with tools to manage the evolving climate landscape.

Nwachukwu added that the meeting will address climate-resilient insurance models, regulatory frameworks, digital claims processing innovations, green underwriting, regional collaboration, and public-private partnerships.

She noted other issues include premium discounts for low-carbon assets and government-backed reinsurance pools to strengthen the industry’s response to climate risks.

The conference will also discuss insurers’ role in safeguarding communities and economies, while aligning with international climate commitments, including the Paris Agreement.

Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), Mr Olusegun Ayo Omosehin will deliver the keynote address.

Speakers include, are Sierra Leone’s Deputy Minister of Finance, Mr Bockarie Kaloko; Group Managing Director, Custodian Investment Plc, Mr Wole Oshin; and Ghana’s Acting Commissioner of Insurance, Dr Abiba Zakariah.

“Other participants include regulators, government officials, industry professionals, and development agencies,” she added.