Nigeria: Operational licence requirement in Guidelines for Insurtech Operations
Progress
Current status
in force
30 Aug 2025 in force
30 Jul 2025 adopted
Scope
Implementers
Nigeria
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
other service provider
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
National Insurance Commission’s Guidelines for Insurtech Operations including operational licence requirement enter into force
On 30 August 2025, the National Insurance Commission’s Guidelines for Insurtech Operations, including operational licence requirements, enter into force. The Guidelines prohibit insurtech firms from commencing operations without registration or auth…
Event type
order
Action type
implementation
Government branch
executive
Government body
other regulatory body
National Insurance Commission adopted Guidelines for Insurtech Operations including operational licence requirement
On 30 July 2025, the National Insurance Commission adopted the Guidelines for Insurtech Operations in Nigeria. The Guidelines prohibit insurtech firms from commencing operations without registration or authorisation and introduce a three-stage licen…
Event type
order
Action type
adoption
Government branch
executive
Government body
other regulatory body