A new chapter in international insurance cooperation has begun as the British Insurance Brokers’ Association (BIBA) strengthens ties with the Nigerian insurance sector through a strategic engagement aimed at fostering collaboration, innovation, and global best practices.
The high-level visit, led by BIBA CEO Mr. Graeme Trudgill, included meetings with top stakeholders in Nigeria’s insurance landscape. These included the Nigerian Council of Registered Insurance Brokers (NCRIB), Chartered Insurance Institute of Nigeria (CIIN), Nigerian Insurers Association (NIA), and Olola Olabode Ogunlana, Chairman of Scib Nigeria & Co Ltd.
The visit by the UK insurance delegation reflects a shared commitment between Nigeria and the United Kingdom to enhance cross-border partnerships, improve knowledge exchange, and promote a more resilient and digitally inclusive insurance industry.
Speaking on the collaboration, Mr. Trudgill emphasized the importance of mutual cooperation and capacity building to accelerate growth across both markets.
“Our goal is to explore new frontiers for both countries’ insurance sectors, especially in areas such as risk management, broker regulation, and technological innovation,” he noted.
One of the most poignant moments of the visit was the meeting with insurance icon, Olola Olabode Ogunlana, whose legacy continues to inspire professionals across the globe.
In May 2025, at the BIBA Conference in Manchester, Olola Ogunlana received the International Lifetime Achievement Award—a historic first for the association. The award recognized his 73 years of service and transformational contributions to the global insurance industry.
“It was a well-deserved honor,” Mr. Trudgill remarked, noting that Ogunlana’s influence spans generations and borders.
“He represents the very best of our profession: integrity, vision, and lifelong commitment to excellence.”
This collaboration signals brighter opportunities for Nigerian insurance companies and professionals. The bilateral relationship opens pathways for:
- Training and development programs
- Access to international markets
- Technological innovation and product design
- Broker empowerment and regulatory alignment
The partnership also supports Nigeria’s broader economic diversification and financial inclusion goals, as insurance becomes more critical to national development.
