NAICOM approves Casava as composite micro-insurance company

The National Insurance Commission has given Casava Micro-insurance Limited the licence to operate as a state composite micro-insurance company.

A statement from the Head, Commissioner’s Directorate, Salami Rasaaq, on Wednesday said, “ln its continuing effort at deepening insurance penetration and increasing insurance access point in Nigeria, the National Insurance Commission has granted approval to Casava Micro-insurance Limited to operate as state composite micro- insurance company  transacting life and general micro- insurance business in Lagos State only.

“Casava Micro-Insurance is one of the successful companies among several applications received in the commission from individuals and corporate entities requesting registration as micro-insurance operators in Nigeria.

“The company thus become the second full-fledge standalone micro- insuranœ operator in Nigeria.

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