By Henry Uche
National Insurance Commission (NAICOM) has granted an operating licence to Crown Takaful Insurance Limited to commence underwriting insurance risks in the country. This is coming barely three months after the issuance of approval in principle by NAICOM.
Crown TakafulI insurance is entering the risk-underwriting market as a solution provider offering technology-driven and value-laden products and services in creative and modified packages designed to meet the needs of millions of uninsured Nigerians to aid in raising the level of insurance penetration and inclusiveness in the country.
Speaking on the operating license and the launch of the firm’s products and services, the company’s Managing Director/CEO, Nasir Abubakar Song, maintained 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.
The MD assured that the company would be leverage its professionalism and innovativeness to change the narrative by providing secured risk underwriting alternatives that can guarantee Insurance for all cadres of customers in the Takaful insurance segment.
“The Technical team of the company has designed a wide range of Takaful Insurance Services, tailored to meet the specifications, and demands of participants. It is an advanced approach to insurance and provides an ethical option for participants or policyholders, who require financial security – offering flexibility and quality that can transform the lives of Nigerians. This Joint Guarantee Cooperative is open to all and focuses on social solidarity, financial protection, and transparency. Under Takaful, Crown Takaful provides security in areas such as automobiles, real estate, travels, and family/life insurance services, amongst others”, Song added.
“The insurer expressed optimism that the company would emerge as a leading player in the Takaful subsector of the nation’s insurance sector within six months of its operations and urged Nigerians “to analytically assess the values of its products and services in order to know that they are robustly packaged to deliver superior values to them in terms of assets’/ family protection come rain or shine,” he added.