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NAICOM Issues New Licenses To SanlamAllianz Life, General Insurance As Companies Scale Huddles

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NAICOM Issues New Licenses To SanlamAllianz Life, General Insurance As Companies Scale Huddles

Published

10 months ago

on

July 2, 2025

By

Optimum Times

Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, while handing over the licenses on Wednesday, 2nd July, 2025.

The National Insurance Commission (NAICOM), on Wednesday, handed over new licenses to SanlamAllianz Life and General Insurance Nigeria Ltd, having scaled through the huddles set by the regulator.

In a brief ceremony held in Abuja, Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, emphasized 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.

Related Topics:Corporate governance NAICOM Olusegun Ayo Omosehin SanlamAllianz Life and General Insurance Nigeria Ltd

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