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buja, Nigeria — The National Insurance Commission (NAICOM) is pleased to release the official list of licensed insurance companies authorized to underwrite motor insurance business in Nigeria.
This updated directory outlines all approved insurers currently permitted to transact motor insurance, in accordance with NAICOM’s regulatory mandate. The list is a critical tool for enhancing transparency, promoting consumer protection, and ensuring that policyholders engage only with credible and compliant providers.
Motor insurance is a legal requirement under Nigerian law, and it is vital for all vehicle owners to obtain coverage from NAICOM-approved insurers to ensure the validity of their policies and benefit from regulatory safeguards.
"We encourage the general public, corporate bodies, and all vehicle owners to verify their motor insurance providers from this list to ensure authenticity and avoid patronizing unauthorized entities,” said the Commissioner for Insurance and CEO of NAICOM"
The list also reflects NAICOM’s continued commitment to sanitizing the insurance space, improving industry standards, and fostering public confidence in the Nigerian insurance sector.
