BY NKECHI NAECHE-ESEZOBOR—As the year draws to a close, KBL Insurance Limited has restated its firm commitment to transparency, data integrity, and full regulatory compliance in line with the Nigeria Insurance Industry Reform Agenda (NIIRA) and the ongoing recapitalisation programme reshaping the insurance sector.
The Company confirmed its alignment with the objectives of NIIRA, a reform framework aimed at strengthening public confidence in insurance through effective data management, improved underwriting discipline, and enhanced operational efficiency. In support of these goals, KBL Insurance continues to adopt accurate data-reporting standards and technology-driven processes that promote industry-wide reforms and sustainable growth.
Speaking on the Company’s strategic outlook, the Managing Director and Chief Executive Officer, Lawal Mijinyawa, described NIIRA and recapitalisation as opportunities for transformation rather than mere regulatory requirements.
“At KBL Insurance Limited, we see NIIRA and the recapitalisation programme as strategic tools for deepening trust, improving service delivery, and positioning the Company for long-term sustainability. Our approach is deliberate, and we are confident in our readiness to meet both current and future industry expectations,” he said.
Throughout the year, KBL Insurance Limited has rolled out targeted initiatives to strengthen internal control systems, boost operational efficiency, and enhance the overall customer experience. These actions have also reinforced the Company’s financial position, ensuring preparedness for the recapitalisation exercise and underscoring its commitment to remaining a resilient, well-capitalised, and customer-focused insurer.
The Company further assured customers, brokers, and business partners that its operations remain stable and uninterrupted. All policies, claims obligations, and customer services continue to be honoured in full, reflecting its sound financial footing and strict adherence to regulatory requirements as recapitalisation plans progress.
As part of its broader capital strategy, KBL Insurance continues to explore sustainable growth opportunities, prudent risk management practices, and strategic partnerships capable of delivering long-term value to stakeholders. These initiatives are designed to ensure compliance with regulatory benchmarks while strengthening the Company’s competitive position in the market.
Looking ahead, the Company plans to deepen investments in technology, data integrity, and customer experience, while further strengthening its capital base in line with regulatory expectations. KBL Insurance remains focused on delivering innovative insurance solutions, boosting market confidence, and contributing meaningfully to the growth, stability, and credibility of Nigeria’s insurance industry.
The Company expressed appreciation to its customers, brokers, partners, and stakeholders for their trust and loyalty throughout the year, reaffirming its commitment to dependable protection, transparency, and excellence in service in the year ahead.
About KBL Insurance Limited
KBL Insurance Limited is a Nigerian insurance company providing dependable and innovative insurance solutions across multiple business lines, with a strong focus on customer satisfaction, transparency, and full regulatory compliance.
