NAICOM approves underwriting firm’s new operating licence

NAICOM

The National Insurance Commission (NAICOM) has granted an operating licence to Crown Takaful Insurance Limited to commercial underwriting insurance risks in the country.

Crown Takaful Insurance is entering the risk-underwriting market as a solution provider offering technology-powered and value-laden products and services in modified packages designed to meet the needs of millions of uninsured Nigerians and deepen insurance.

Speaking on the operating licence and the launch of the firm’s products and services, the company’s Managing Director/Chief Executive Officer, Nasir Abubakar Song, said flagging off the company’s operations could not have come at a better time than now when the global community is grappling with economic uncertainties and unpredictable risks.

According to him, the company will be leveraging the professionalism and innovativeness of the management and workforce to change the narrative by providing secured risk underwriting alternatives that can guarantee Insurance for all cadres of participants in the Takaful insurance segment.
He stressed that the technical team of the company has designed a wide range of services tailored to meet the specifications and demands of participants.

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