Noor Takaful Insurance Limited, a leading composite Takaful insurance firm, has called for stronger partnerships with brokers and other stakeholders to promote ethical and inclusive insurance across Nigeria.
The company’s Vice Chairman, Aminu Tukur, made the call during the Noor Takaful Partnership and Recognition Event held recently in Lagos, where outstanding brokers were honoured for their contribution to the firm’s growth.
At the event, Colenson Brokers Nigeria Limited, Rachbuk Insurance Brokers Limited, A. Insurance Brokers Limited, Prorisk Insurance Brokers Limited, and Hakash and Company Insurance Limited were recognised as Top Performing Brokers, while Adequate Benefits Insurance Brokers Limited, Pure Surplus Insurance Brokers, and Priority Insurance Brokers Limited received awards for Strongest Loyalty.
Tukur said the event, themed “Driving Growth Through Partnership,” reflected the company’s commitment to collaboration and shared prosperity.
“Our success is deeply connected to the strength and commitment of our partners,” he said. “You, our brokers and partners, are not just intermediaries; you are the bridge between our vision and the people we serve.”
He added that the company’s long-term strategy focuses on building sustainable partnerships that will position Noor Takaful for stronger growth and excellence beyond 2026.
Speaking on the company’s performance, Managing Director, Rilwan Sunmonu, revealed that despite regulatory and market challenges, Noor Takaful recorded a gross written contribution (GWC) of ₦4.3 billion in the past year through its network of over 200 brokers.
Sunmonu said the firm aims to grow its GWC to ₦30 billion by 2026, leveraging product diversification, digital innovation, and market expansion.
“We have implemented a multi-faceted strategy that focuses on regulatory alignment, operational efficiency, and stakeholder engagement to consolidate our leadership position,” he stated.
Also speaking, the Chief Business Development Officer, Ismaeel Ayanlere, noted that Takaful insurance in Nigeria is transitioning from a niche product to a mainstream, inclusion-driven solution.
He projected that with drivers such as rising financial inclusion, regulatory reforms, digital distribution, and growing awareness of ethical finance, Takaful penetration could increase from 0.3 per cent in 2024 to 1.5 per cent by 2030.
“If strategically harnessed, Takaful can outpace the growth of the broader insurance market and become a key pillar of ethical financial inclusion and social protection,” he said.
Ayanlere also emphasised that the full implementation of the NIIRA Act would help strengthen public confidence, enhance fund safety, and support insurers’ capacity to underwrite larger risks.
In the health segment, Chief Operating Officer of Noor Health, Abiola Thompson, said the firm—Nigeria’s first national Sharia-compliant health management organisation (HMO)—was established to bridge healthcare gaps by offering accessible and wellness-driven medical coverage.
Thompson described brokers as “critical partners in driving expansion” beyond insurance into ethical healthcare, highlighting that Noor Health provides nationwide access through its growing hospital network and digital platforms.
“We are building a healthcare system where doing good and doing well go hand in hand,” she said.
