The Nigerian Insurers Association (NIA) has launched its Innovation Lab, a six-week accelerator programme designed to transform Nigeria's insurance sector through cutting-edge technology, strategic partnerships and startup-driven solutions.
The programme’s design followed an extensive industry survey that engaged 45 senior executives across the life, general and microinsurance segments. Its findings revealed a strong appetite for innovation, with 87% of executives willing to collaborate on shared solutions and 69% ready to commit resources this year, the NIA said in a statement.
Unveiled in Lagos, the initiative aims to serve as a collaborative hub where insurers, startups and FinTech partners co-create scalable solutions tailored to the Nigerian market. The lab will focus on digital tools that improve customer acquisition, fraud prevention, the online KYC process and claims management.
NIA chairman Kunle Ahmed said in a statement that the project marked a turning point in positioning the industry for a technology-led future. “We are not just opening a facility, we are igniting a movement rooted in innovation, driven by collaboration and destined to transform how we protect lives and assets,” he said.
Through this programme, NIA aims to drive digital transformation and foster a culture of innovation within Nigeria’s insurance ecosystem.