Nigeria's insurance gap addressed by new protection-centered framework

A research paper proposes a new framework to address Nigeria's insurance participation gap, which stems from issues beyond mere lack of awareness. The proposed 'protection-centred model' focuses on six stages: Diagnose, Educate, Match, Protect, Serve, and Measure. It emphasizes understanding consumer barriers like distrust, affordability, and perceived irrelevance, suggesting these should inform product design and regulatory interventions. The paper also introduces conceptual tools like an Insurance Participation Scorecard and a Nigeria Insurance Participation Observatory to guide future research and policy. AI

RANK_REASON The item is a research paper proposing a new framework and conceptual tools for a specific market problem. [lever_c_demoted from research: ic=1 ai=0.1]

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• Insurance Participation 2026
• Insurance Participation Scorecard
• Nigeria
• Nigeria Insurance Participation Observatory

• paper
• policy

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