Casava Microinsurance Ltd has secured a Licence from the National Insurance Commission (NAICOM), becoming the second operator in that segment of the market.
The commission had earlier licensed Goxi Microinsurance to handle that class of business that brings the grassroots into the Insurance nets in furtherance of the government’s financial inclusion policy.
Casava Microinsurance Limited will transact Life and General Micro Insurance Business in Lagos State only according to Head, Commissioner’s Directorate, ‘Salami Rasaaq.
Casava Microinsurance Limited is one of the successful company among several applications received in the Commission from individuals and corporate requesting registration as microinsurance operators in Nigeria.
Casava’s approval was predicated on the N100 million capital requirement required for that segment of the market.
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