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Crown Takaful Insurance Secures NAICOM’s Approval To Commence Operations

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By Victoria Onehi

The management of Crown Takaful Insurance Limited has received the operating licence from the industry regulator authorising the company to commence business for the benefits of Nigerians nationwide.

This is coming barely three months after the issuance of approval in principle by the National Insurance Commission (NAICOM).

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 and raise the level of insurance inclusiveness to a new level.

Speaking on the operating license and the launch of the firm’s products and services, the company’s Managing Director/Chief Executive Officer, Nasir Abubakar Song, explained 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 the CEO in a statement, 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 expatiated: “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. 

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