The company’s Vice Chairman, Aminu Tukur, made this call during the Partnership and Recognition Event recently held in Lagos. The event recognised brokers in two categories — top performers and strongest loyalty — for their valuable contributions to the growth of Noor Takaful. Brokers honoured as top performers included Colenson Brokers Nigeria Limited, Rachbuk Insurance Brokers Limited, A. Insurance Brokers Limited, Prorisk Insurance Brokers Limited, and Hakash and Company Insurance Limited. Those recognised for strongest loyalty were Adequate Benefits Insurance Brokers Limited, Pure Surplus Insurance Brokers, and Priority Insurance Brokers Limited.
Delivering his opening remarks, Tukur said the event celebrated and reaffirmed the trust, collaboration, and shared prosperity that have become the hallmarks of Noor Takaful’s relationships with its partners. He noted that the theme of the event, “Driving Growth Through Partnership,” reflected the company’s strategic intent to recognise its partners for their contribution, loyalty, and alignment with Noor Takaful’s growth ambitions for 2026 and beyond.
According to him, Noor Takaful’s success is closely tied to the strength and commitment of its partners. “Through your dedication and support, Noor Takaful has continued to expand its reach, deepen its impact, and strengthen participants’ confidence nationwide. You, our brokers and partners, are not just intermediaries; you are the bridge between our vision and the people we serve,” he said.
Also speaking at the event, Rilwan Sunmonu, Managing Director of Noor Takaful Insurance Limited, revealed that the company had maintained profitable growth despite regulatory and market headwinds over the past year. He disclosed that the partnership with over 200 brokers resulted in a gross written contribution of ₦4.3 billion. Sunmonu added that the company is committed to achieving a Gross Written Contribution of ₦30 billion by 2026 through strategic product expansion and deeper market penetration.
He further explained that Noor Takaful has implemented a multi-faceted strategy focused on regulatory alignment, operational robustness, and stakeholder engagement to strengthen its leadership position in the insurance sector.
In his remarks, Chief Business Development Officer, Ismaeel Ayanlere, acknowledged the relatively low penetration of Takaful insurance in Nigeria but expressed optimism about its growth potential. He pointed out that key drivers such as a growing insurance population, regulatory reforms, digital distribution, and rising awareness of ethical finance are expected to increase Takaful penetration from 0.3 percent in 2024 to 1.5 percent by 2030.
Ayanlere noted that Takaful insurance in Nigeria has reached a turning point, transitioning from a niche product to a mainstream, inclusion-driven growth engine. He added that with strategic execution, Takaful could surpass the broader insurance market’s growth, positioning itself as a cornerstone for ethical financial inclusion, social protection, and a viable alternative within Nigeria’s economic landscape. He also stated that the signing and implementation of the NIIRA Act would help strengthen participants’ confidence, build stronger capital bases to underwrite larger risks, and promote greater insurance penetration.
Also speaking, Chief Operating Officer of Noor Health, Abiola Thompson, said the company, Nigeria’s first national Sharia-compliant Health Maintenance Organisation (HMO), was established to bridge healthcare gaps by providing accessible, affordable, and wellness-driven care for clients. She noted that brokers play a vital role in helping Noor Health expand its portfolio beyond Takaful insurance into ethical healthcare.
Thompson added that Noor Health offers nationwide access through its growing hospital network and digital tools, emphasising that the company is building a health system where doing good and doing well go hand in hand.