NAICOM Issues Crown Takaful Operational License

The management of Crown Takaful Insurance Limited has received operating license from the National Insurance Commission (NAICOM) to start business for the benefit of Nigerians.

The operation license is coming barely three months after the issuance of approval in principle

As a modern concept of ethical insurance, Crown Takaful Insurance is entering the risk-underwriting market as a solution provider offering technology-powered and value-laden products and services in creative and modified packages designed to meet the needs of millions of uninsured Nigerians.

Speaking on the operating license and launch of the firm’s products and services, its Managing Director/Chief Executive Officer, Nasir Abubakar Song, stated that flagging off the company’s operations could not have come at a better time than now when “we live in a world grappling with economic uncertainties and unpredictable risks.

According to him, the company will be leveraging the professionalism and innovativeness of the management and workforce to change the narrative by providing secured risk underwriting alternatives that can guarantee insurance for all cadres of participants in the Takaful insurance segment.

He said: “The technical team of the company has designed a wide range of Takaful insurance services, tailored to meet the specifications, and demands of participants.