Conventional insurers allowed to conduct microinsurance operations in Nigeria

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microinsuranceThe National Insurance Commission (NAICOM) has authorized conventional insurance companies to carry out microinsurance operations since 1 December 2020.

In order to secure a microinsurance license, conventional insurers must meet a number of criteria required by the supervisory authority.

The objective is to increase insurance penetration in Nigeria.

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Tue, 09/02/2021 - 16:17
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