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By Henry Uche
West African Insurance Companies Association (WAICA), will examine the pivotal role insurers play in safeguarding economies and communities from the escalating risks of climate-related disasters at its 2025 Education Conference.
Slated for October 12 to 15, at Eko Hotels & Suites, Lagos, under the aegis of Nigerian Insurers Association (NIA), behalf of the broader Nigerian insurance market, will welcome delegates from Nigeria, Ghana, Gambia, Sierra Leone, Liberia, and other West African nations.
A statement signed by the Chairperson, Local Organizing Committee (LOC), of the conference, Mrs. Ebelechukwu Nwachukwu, confirmed that the conference would 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.
With the theme: “The West African Insurer in the Face of Climate Change,” delegates will gain insights into best practices from Anglophone West Africa market and engage with leaders shaping the future of climate-aware insurance in West Africa.
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“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.
“Nigeria’s strategic position as a regional hub, its expanding insurance sector, and its commitment to sustainable development makes it an ideal host, with its vibrant culture and hospitality, promises an enriching experience for all attendees.
“Confirmed dignitaries and speakers include: Mr. Olusegun Ayo Omosehin, Commissioner for Insurance & CEO, NAICOM, will deliver the keynote address; Mr. Bockarie Kaloko, Deputy Minister of Finance, Sierra Leone; Mr. Wole Oshin, Group Managing Director, Custodian Investments Plc; Dr. Abiba Zakariah, Acting Commissioner of Insurance, Ghana; regulators, government officials, insurance industry professionals and development agencies from West Africa and beyond” the statement added.
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.
