Business News
NAICOM Endorses Casava As State Composite Micro Insurance Coy
The National Insurance Commission (NAICOM) has approved Casava Micro-Insurance Limited to operate as State Composite Micro Insurance company.
The company is however, mandated to transact Life and General micro insurance businesses in Lagos State only.
A statement confirming the NAICOM’s approval by Head, Commissioner’s Directorate, Salami Rasaaq, explained that it is in “continuing effort at deepening insurance penetration and increasing insurance access point in Nigeria.”
He said, “Casava Micro-Insurance is one of the successful company among several applications received in the Commission from Individuals and corporate entities requesting registration as Micro-insurance operators in Nigeria.
“The company thus become the second full-fledge standalone Micro lnsurance operator in Nigeria.”
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