The National Insurance Commission issued operational licences to the under listed Insurance Companies in line with Market Conduct & Business Practice Guidelines.

1. FBS Reinsurance Ltd - N10 Billion paid up share capital
2. Heirs Ins. Ltd (General) - N10 Billion paid up share capital
3. Heirs Life Assurance Ltd - N8 Billion paid up share capital
4. Stanbic IBTC Ins. Ltd (life) - N8 Billion paid up share capital
5. Enterprise Life Assurance Co. - N8 Billion paid up share capital
6. Salam Takaful - Statutory deposit paid
7. Cornerstone Takaful Ins. Co Ltd - Statutory deposit paid