- West African Insurers Gather in Lagos to Tackle Climate Risks
- The four-day event will be running from October 12 to 15,
- Organisers emphasise that the Lagos gathering aims not only to foster networking
Nigeria risks losing up to $460 billion by 2050 due to the severe impacts of climate change, according to the latest projections from the Intergovernmental Panel on Climate Change (IPCC), Eko Hot Blog reports..
Highlighting the urgency of addressing climate-related risks, Nigeria will host more than 250 insurance professionals at the 2025 West Africa Insurance Companies Association (WAICA) Education Conference in Lagos.
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The four-day event, running from October 12 to 15, will centre on “West African Insurers in the Face of Climate Change,” bringing together delegates from Nigeria, Ghana, Sierra Leone, Liberia, and The Gambia to explore how the insurance sector can cushion the region against mounting economic shocks.
Dr Doris Uzoka-Anite, Minister of State for Finance, is set to deliver the keynote address, while Olusegun Omoshin, Commissioner for Insurance, will act as chief host. The conference will also feature leading regulators and industry figures from across West Africa.
Organisers emphasise that the Lagos gathering aims not only to foster networking but also to develop actionable strategies for innovative insurance products, robust risk management, and enhanced regional collaboration.
Speaking to journalists at a media briefing over the weekend, Ebelechukwu Nwachukwu, CEO of Rex Insurance Limited and Chairperson of the Local Organising Committee, noted that climate-driven challenges such as flooding and agricultural disruptions have already caused significant harm across West Africa. He stressed the importance of insurers and policymakers working together to protect communities and economies from the growing threat of climate-related disasters.
