The National Insurance Commission (NAICOM) has taken another step to strengthen the insurance industry in Nigeria by issuing a license to CHI Life Assurance Limited.

At the event which took place at the Commission’s Board Room in Abuja on Monday, March 10, 2025, the Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, warmly welcomed the CHI Life Assurance Ltd executives, urging them to make a positive impact in the industry.

He assured them of NAICOM’s commitment to creating an enabling environment for operators to thrive.

Mr. Omosehin also emphasized the importance of compliance with regulatory requirements and advised the new management to always seek clarification from NAICOM. He charged the Board of Directors to fulfill their roles, as they will be held accountable by the Commission.