The Nigerian Insurers Association (NIA) has started to develop the country's first mortality and morbidity tables for the life insurance market, revealed its Chairman, Kunle Ahmed.
Mr Ahmed announced work on this key technical project in his 2026 New Year message. The project is supported by the Africa Re Foundation and expected to significantly strengthen the life insurance segment.
Callund Consulting, a UK independent firm of economists, actuaries and public sector specialists, said on its LinkedIn page that it is partnering with Barnett Waddingham on the development of the first mortality and morbidity tables specific to the Nigerian insurance and pension market, on behalf of the Nigerian Mortality Table Development Committee.
The LinkedIn post said, “This initiative marks a significant milestone in creating actuarial tables that accurately reflect Nigeria's unique demographic, insurance and retirement landscapes.
“The project is authorised by the Nigerian Insurers Association (NIA) in collaboration with the Nigerian Actuarial Society (NAS), National Insurance Commission, Abuja (NAICOM) and the National Pension Commission (PENCOM).”
Barnett Waddingham is a UK professional services consultancy across risk, pensions, investment and insurance, which is part of the Howden Group.