The Insurance ecosystem in Nigeria is set to welcome the addition of four more companies following the receipt of their application for licences, the National Insurance Commission (NAICOM) has announced
NAICOM on Friday confirmed the names of the companies as, Heir Insurance Ltd. (General); Stanbic IBTC Insurance Ltd; Heirs Life Assurance Ltd.; and Enterprise Life Assurance Company Nigeria Ltd.
“The National Insurance Commission (NAICOM) has received applications from the under-listed companies for registration as insurance companies to transact insurance business in Nigeria.
In fulfilment of the statutory provisions of extant laws for the registration/licensing of insurance companies, the general public is hereby informed that the commission has commenced the process of registering the companies” NAICOM stated.
The Managing Directors selected and sent to NAICOM are Olaniyi Stephen Onifade for Heir Insurance Ltd. (General), Akinjide Orimolade for Stanbic IBTC Insurance Ltd, Abah Okoriko Heirs Life Assurance Ltd and Funmilayo Omo for Enterprise Life Assurance Company Nigeria Ltd.
NAICOM, therefore, called on members of the public to send their objections against the license approval of any of the noted companies within 21 days from the day of publication.
