Tag: NAICOM
Nigeria Adopts 20:70 Aviation Insurance Model to Ensure Risk-Sharing
Nigeria has adopted a proportional insurance framework designed to ensure risk-sharing between the aviation and insurance sectors, aligning with global best practices.
A new addendum...
Boyo’s Urgent Demand to Insure Nigerian Airports Gains Momentum
A heated debate at the 5th CHINET AviaCargo Conference has brought to light an urgent aviation gap: the need to insure Nigerian airports.
Managing Director...
Fixing Dry-Lease Aircraft Acquisition Challenges in Nigeria
Domestic insurers do not have the financial muscle to cover multi-million-dollar dry lease risks. International lessors often insist on offshore coverage, creating tension with...
New Insurance Rule Lets Airlines Cede 90%, Stabilise Market
“For years, lessors required offshore underwriting, and over 95 percent of aviation insurance premiums left Nigeria. This new model strikes a balance,” said Omosehin....
