West African Insurers to discuss climate resilient models, regulatory frameworks in Nigeria

Insurance industry stakeholders in the West African Sub-Region will in October in Nigeria discuss the climate resilient insurance models, regulatory frameworks, innovations, and how regional markets can maximise growth opportunities.

Nigeria’s strategic position as a regional hub, its expanding insurance sector, and its commitment to sustainable development make it an ideal host.

The event will be the 2025 Education Conference of the West African Insurance Companies Association (WAICA), taking place from October 12 to 15, 2025, at Eko Hotels & Suites, Lagos.

The conference organized 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.

Themed “The West African Insurer in the Face of Climate Change,” 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, says Ebelechukwu Nwachukwu, chairperson, Local Organizing Committee (LOC) of the 2025 WAICA Education Conference.

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

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.

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, she said.