BY NKECHI NAECHE—In its continuing effort to deepening insurance penetration and increasing insurance access point in Nigeria, the National Insurance Commission ( NAICOM) said it 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 company 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 lnsuranœ operator in Nigeria.

The Commission in Febuary this year granted approval to  GOXI Microinsurance Company Limited to operate as a State Composite Microinsurance Company transacting Life and General Micro insurance Business in Lagos State only.

“This is one of several applications received in the Commission from individuals and corporate entities requesting approval for registration as Micro Insurance operators.

“GOXI Microinsuranoe Company Limited thus become the first full fledged standalone Micro Insurance Operator in Nigeria.”