National Insurance Authority
About NIA Somaliland
The official regulatory body overseeing the insurance sector of the Republic of Somaliland — protecting policyholders and building a stable financial future.
Our Purpose
Mission & Core Values
To regulate, supervise, and develop a sound, fair, and competitive insurance market that protects policyholders and contributes to the economic development of Somaliland.
Integrity
We uphold the highest standards of transparency and ethical conduct in all regulatory activities.
Protection
Safeguarding the rights and interests of policyholders is at the heart of everything we do.
Stability
We foster a resilient insurance market that supports long-term economic growth and confidence.
Innovation
We encourage the development of new insurance products that meet the evolving needs of Somaliland's citizens.
Our History
A Legacy of Regulatory Excellence
The National Insurance Authority was established to bring order, confidence, and consumer protection to Somaliland's growing insurance sector. Over the years, NIA has built a robust regulatory framework that underpins the entire industry.
NIA established by Presidential Decree under the Insurance Act of Somaliland, marking the formal creation of the national insurance regulator.
First comprehensive licensing framework introduced, bringing all operating insurance companies under formal regulatory oversight.
Launch of the mandatory motor third-party liability insurance scheme, extending coverage to all registered vehicles in Somaliland.
Introduction of the National Health Insurance pilot programme in partnership with the Ministry of Health.
Adoption of updated solvency and capital adequacy standards aligned with international best practice.
Launch of the digital claims processing initiative, reducing average claim settlement time by 40%.
Leadership
Our Leadership Team
Hon. Ahmed Ibrahim Farah
Director General
A seasoned public administrator with over 20 years of experience in financial regulation and public policy. He leads NIA's strategic direction and international partnerships.
Faadumo Abdi Warsame
Deputy Director — Supervision
Responsible for the licensing, supervision, and compliance monitoring of all insurance companies operating in Somaliland.
Mohamed Hassan Jama
Head of Consumer Protection
Leads NIA's policyholder protection unit, overseeing claims dispute resolution, consumer education, and market conduct enforcement.
Regulatory Framework
Governing the Insurance Sector
NIA operates under the Insurance Act of Somaliland and a suite of subsidiary regulations that govern every aspect of the insurance market — from company licensing and solvency requirements to product approval and claims handling standards.
Licensing and registration of all insurance companies, brokers, and agents operating in Somaliland.
Setting and enforcing minimum capital and solvency requirements to ensure insurers can meet their obligations.
Approving insurance products and premium rates to ensure they are fair, transparent, and adequate.
Investigating consumer complaints and enforcing market conduct standards across the industry.
Promoting financial literacy and public awareness of insurance rights and responsibilities.
Have Questions About NIA?
Our team is available to answer any questions about NIA's mandate, products, or services.
Contact Us