ISSP - Insurance Sector Strengthening Program
Insurance Sector Strengthening Program

Transforming Nigeria's Insurance Landscape

Driving trust, expanding retail access, and pushing insurance penetration from 10% of GDP by 2031.

Impact & Results

Measurable progress toward a more inclusive, trusted insurance market.

0.5% to 10%
Insurance-to-GDP Ratio Target
25M+
Nigerians Reached
6,000
Insurance Professionals Trained
250,000
MSMEs Connected to Insurance
40%
Female Participation Target
30%
Youth Participation Target

Six Pillars of Transformation

The programme's strategic pillars that anchor every intervention.

Advocacy and Policy Support

Creating an enabling regulatory environment and strengthening collaboration among government, regulators and the insurance industry.

Awareness and Education

Building nationwide understanding of insurance, financial literacy and climate risk across all 36 states and the FCT.

Capacity Building

Training 6,000 insurance professionals, intermediaries and agents, and strengthening institutional capacity across the industry.

Gender Inclusion

Designing gender-sensitive products and increasing women's participation as customers and industry professionals, targeting 40% female participation.

Youth Engagement and Innovation

Integrating young Nigerians aged 18-35 through digital-first approaches, InsurTech innovation and youth career pathways.

MSME and Value Chain Strengthening

Developing distribution networks and affordable insurance solutions to connect 250,000 MSMEs to relevant coverage.

Latest News & Updates

What's happening across the programme.

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Upcoming Events

Join us at our next programme activities.

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Our Partners

Working alongside donors, regulators, and institutional partners.

Frequently Asked Questions

Answers to common questions about the programme.

What is ISSP?

The Insurance Sector Strengthening Program (ISSP) is a $35 million, multi-year initiative to transform Nigeria's insurance sector by increasing penetration from 0.5% to 1.5% of GDP through advocacy, capacity building, public awareness, and inclusive growth strategies.

How can my organization partner with ISSP?

We welcome partnerships across multiple areas: training delivery, technology provision, policy advocacy, beneficiary mobilization, and financial support. Contact our partnership team at project@issprogram.com to discuss collaboration opportunities.

Who is implementing ISSP?

ISSP is designed as a 36-month program with the potential for extension to 60 months based on funding availability and performance.

How is ISSP different from previous insurance sector initiatives?

ISSP is comprehensive, addressing not just awareness but the entire value chain—from policy and regulation to technology, capacity, and market access. It's also designed for scale, reaching all 36 states with a focus on inclusion (50% women, 30% youth) and measurable impact (clear KPIs and M&E frameworks).

What is the program duration?

ISSP is designed as a 36-month program with the potential for extension to 60 months based on funding availability and performance.

How will success be measured?

ISSP tracks seven Key Performance Indicators: insurance-to-GDP ratio (0.5% to 1.5%), public awareness (25 million reached), capacity building (6,000 trained), MSME coverage (250,000 businesses), gender inclusion (50% female), youth engagement (30% youth), and geographic coverage (36 states + FCT).

Who can benefit from ISSP?

ISSP targets multiple beneficiary groups: insurance professionals and intermediaries (6,000), the general public (25 million Nigerians), MSMEs (250,000 businesses), women entrepreneurs, youth innovators, and underserved communities across all 36 states and FCT.

How can I access ISSP training programs?

Training programs will be announced through our website, social media channels, and partner organizations. Registration will be open to insurance professionals, intermediaries, and aspiring entrants to the sector.

How is the program funded?

ISSP is a $35 million program supported by development partners, donor agencies, and private sector contributions. Funding is managed through a dedicated Project Account with joint signatory requirements and full financial transparency.

Where can I get more information?

Visit our website, follow us on social media, or contact us directly at project@issprogram.com or +234 909 563 5335.

Ready to work with us?

Whether you're a donor, regulator, insurer, or implementing partner, there's a role for you in strengthening Nigeria's insurance sector.

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