adsThe National Insurance Commission (NAICOM) has formally granted an operational licence to CBI Partnering Insurtech Ltd, marking a significant milestone as the first fully licensed Partnering Insurtech company in Nigeria. This development underscores NAICOM’s regulatory leadership in fostering innovation within a structured and consumer-focused insurance ecosystem.
The licence was presented during a formal handover ceremony, where the Commission reiterated its commitment to advancing innovation, regulatory reform, and policyholder protection across the insurance sector.
In his remarks, Ekerete Ola Gam-Ikon, deputy commissioner for Insurance, Finance and Administration, highlighted NAICOM’s ongoing efforts to align Nigeria’s insurance industry with global best practices. He referenced the recent enactment of the Nigerian Insurance Industry Reform Act (NIIRA) 2025, alongside the Commission’s pioneering insurtech guidelines, as some of the key pillars driving this transformation.
He noted that fostering innovation within a robust and well-governed regulatory framework remains a core strategic priority for the Commission. Related News Why DisCos’ soaring revenue fails to improve power supply Coys drags FG to court over OPL 245 split, seeks N1tn damages 2027: Factional candidates deepen opposition crisis as APC intensifies reconciliation efforts
