The National Insurance Commission says it has received applications and commenced the registration process for four new insurance companies.
NAICOM disclosed this on Friday in a publication signed by the management of the commission, entitled ‘Notice on registration of new insurance companies.’
The companies include Heirs Insurance Limited, which was incorporated in February 2015, with Mr Olaniyi Onifade as the managing director; and Stanbic IBTC Insurance Limited, incorporated in May 2012, with Mr Akinjide Orimolade as MD.
Others are Heirs Life Assurance Limited, incorporated in February 2019, with Abah Okoriko as MD; and Enterprise Life Assurance Company (Nig.) Limited, incorporated in October, 2019 with Mrs Fumilayo Omo as MD.
NAICOM said it had received applications from the companies for registration as insurance companies to transact insurance business in Nigeria.