I recommended that the Legislature amend the insurance statutes to provide that the minimum liability and UM/UIM coverage for automobiles and all motor vehicles be increased to $100,000. The action of ...

Compulsory Third Party Insurance Market Insights: The Compulsory Third Party (CTP) Insurance market is a critical segment of the global insurance industry, designed to provide essential coverage for ...

The triple pillars of the system are the Compulsory Insurance Law (which requires liability insurance), the No Fault Act (which requires Personal Injury Protection benefits) and the Uninsured Motorist ...

By Henry Uche [email protected] Following key reforms that kicked off in 2025, stakeholders in Nigeria’s insurance sector have highlighted the expansion of compulsory insurance, stricter ...