Nigeria National Insurance Commission (NAICOM) has published an updated directory of licensed insurance companies authorised to underwrite motor insurance business in Nigeria, setting out the insurers currently permitted to transact motor insurance. NAICOM framed the list as a tool to enhance transparency and consumer protection and urged the public, corporate bodies and vehicle owners to verify motor insurance providers against it to avoid patronising unauthorised entities. The update reiterates that motor insurance is a legal requirement and links use of NAICOM-approved insurers to policy validity and access to regulatory safeguards.
Nigeria National Insurance Commission 2025-04-14
Nigeria National Insurance Commission publishes official list of insurers authorised to underwrite motor insurance
The Nigeria National Insurance Commission (NAICOM) released an updated directory of licensed insurers authorized for motor insurance in Nigeria, aiming to enhance transparency and consumer protection. NAICOM advises the public to verify insurers against this list to ensure policy validity and access to regulatory safeguards.