NAICOM Issues New Licenses To SanlamAllianz Life, General Insurance
By Sunday Etuka, Abuja
The National Insurance Commission (NAICOM) has handed over new licenses to SanlamAllianz Life and General Insurance Nigeria Ltd., as part of ongoing efforts to deepen insurance coverage in Nigeria.
In a brief ceremony held on Wednesday in Abuja, the Commissioner for Insurance/CEO, NAICOM, Mr. Ayo Omosehin, emphasised the Commission’s commitment to supporting the growth of insurance entities in the country, while ensuring strict compliance with regulatory requirements.
He urged the companies to prioritize good corporate governance, stability, and timely claims settlement processes.
The Commissioner reiterated NAICOM’s dedication to removing unnecessary bottlenecks and improving the insurance industry’s overall performance.
He expressed confidence that the merger would enhance the companies’ capabilities and contribute to the industry’s growth.
