A conceptual research paper by Sunday Okekwu explores the persistent insurance adoption paradox in Nigeria and other emerging economies. Despite significant modernization in regulatory frameworks, including the Nigerian Insurance Industry Reform Act of 2025 and guidelines for Insurtech Operations, Nigeria's insurance market remains shallow compared to international benchmarks. The paper questions why these advancements do not translate into adequate household financial protection, citing international studies that show high perceived usefulness of insurance alongside significant protection gaps. AI
RANK_REASON Conceptual research paper analyzing insurance adoption challenges. [lever_c_demoted from research: ic=1 ai=0.1]
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- Africa Capital Markets Report 2025
- AIICO Insurance Plc Nigeria
- International Association of Insurance Supervisors
- NAICOM
- Nigeria
- Nigerian Insurance Industry Reform Act 2025
- OECD
- Sunday Okekwu
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