Capital Express Indemnity highlights climate finance opportunities for Nigeria’s insurance industry
Capital Express Indemnity Insurance Limited
Nike Popoola
Capital Express Indemnity Insurance Limited has described climate finance as one of the most important emerging opportunities for Nigeria’s insurance industry, saying it can unlock new products, deepen risk protection, expand investment channels, and strengthen resilience for households, businesses, communities, and the wider economy.
The company’s position was communicated by Mr. Eyitayo Oluwaluyi, Executive Director – Operations and Technical, who represented Capital Express at the Climate Finance Preparedness Clinic (CFPC) 2026, held from 15 to 16 July 2026 in Victoria Island, Lagos.
Speaking on the significance of the engagement, Oluwaluyi noted that climate finance should not be seen only as a funding conversation, but as a major opening for the insurance ecosystem to design relevant cover, support climate-smart projects, improve underwriting capacity, and help clients manage the physical and financial consequences of a changing climate.
According to him, the transition to a more climate-resilient economy creates opportunities across the full insurance value chain — from underwriting, claims management, actuarial modelling, risk advisory and reinsurance, to brokers, loss adjusters, technology providers, institutional investors, regulators, and policyholders.
“Climate finance presents a bold opportunity for the insurance industry to move from being a passive responder to losses to becoming a proactive enabler of resilience, innovation, and sustainable economic growth,” the Executive Director said.
He explained that as climate-related risks intensify, insurers must develop solutions that respond to flooding, extreme weather, agriculture disruption, infrastructure vulnerability, business interruption, health exposures, energy transition risks, and environmental liability. These realities, he said, are already changing how risks are assessed, priced, transferred, and financed.
The CFPC 2026 brought together financial institutions, regulators, investors, development partners, corporate organisations, and sustainability professionals to examine climate finance, ESG integration, carbon markets, green financial products, sustainable investment, blended finance, climate risk management, and the development of bankable climate-related projects.
Capital Express said its participation reflects its readiness to support the industry’s shift toward future-focused insurance solutions. The company noted that climate finance can stimulate demand for new insurance covers around renewable energy projects, green infrastructure, agriculture resilience, flood protection, climate-smart transport, supply-chain continuity, and small business protection.
The opportunity, according to the company, is not limited to insurers alone.
Brokers can deepen advisory services, reinsurers can support stronger risk-sharing structures, loss adjusters can build climate-related technical expertise, actuaries can improve risk modelling, investors can channel capital into resilient assets, and customers can gain better protection against shocks that threaten income, assets, and continuity.
This direction also aligns with the increasing regulatory and market focus on sustainability, ESG principles, innovation, insurance penetration, and climate and disaster risk solutions in Nigeria’s insurance sector.
For Capital Express, the message from the clinic was clear: climate finance is not a distant policy subject. It is a business opportunity, a protection imperative, and a call for the insurance industry to take a more visible role in building national resilience.
The company reaffirmed its commitment to responsible insurance, technical excellence, and solutions that help people and businesses face uncertainty with confidence. It added that protecting what matters most in a climate-challenged world will require products, partnerships, capital, and ideas that bring every player in the insurance ecosystem into the resilience agenda.
