The countdown is over. As of August 1, 2026, NAICOM's recapitalisation exercise under the Nigerian Insurance Industry Reform Act (NIIRA) 2025 is officially in force, and insurers who missed the July 31 deadline now face sanction or liquidation. In this episode, Seyi and Mayowa Adeyemi break down what the new capital thresholds — ₦10bn for Life, ₦15bn for Non-Life, ₦25bn for Composite, and ₦35bn for Reinsurance — actually mean for the industry and for everyday Nigerians.

They dig into the real risk to policyholders: what happens to your cover if your insurer is liquidated mid-transition, why claims settlement timelines and penalty interest under Section 210 matter, and why consumer advocates are pushing for a Statutory Policyholder Protection Fund modeled on the NDIC. Then the conversation turns to the money trail — how recapitalisation is e ...