{"id":492635,"date":"2026-07-03T15:19:49","date_gmt":"2026-07-03T15:19:49","guid":{"rendered":"https:\/\/www.financialafrik.com\/en\/2026\/07\/03\/nigeria-naicom-grants-insurtech-license-to-netapps-technologies\/"},"modified":"2026-07-03T15:19:58","modified_gmt":"2026-07-03T15:19:58","slug":"nigeria-naicom-grants-insurtech-license-to-netapps-technologies","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2026\/07\/03\/nigeria-naicom-grants-insurtech-license-to-netapps-technologies\/","title":{"rendered":"Nigeria: NAICOM grants InsurTech license to Netapps Technologies"},"content":{"rendered":"
<\/div>

The National Insurance Commission of Nigeria (NAICOM) has just granted a Partnering InsurTech license to Netapps Technologies Limited, a fintech company specializing in digital solutions. This authorization is part of the regulator’s approach to accelerate the digitization of the insurance sector, increase the penetration rate of insurance products, and expand access to insurance services across the country.<\/p>\n

With this license, Netapps Technologies is now officially part of the approved operators for insurance distribution in Nigeria, as an innovative player authorized to design and deploy digital solutions dedicated to the sector.<\/p>\n

In announcing this, NAICOM reaffirmed the key points of its strategy: protection of policyholders, strengthening of supervisory capacities, financial market consolidation, encouragement of innovation and sustainability, and widening access to insurance products. The regulator specified that InsurTech companies are a key link in achieving these objectives.<\/p>\n

The institution also emphasized the importance of digital tools and alternative distribution channels to address the low level of insurance penetration in the country. In its view, digital platforms can reach underserved populations, especially young people who are highly mobile-centric, while making insurance offers more accessible, affordable, and inclusive.<\/p>\n

NAICOM also confirmed its intention to continue close collaboration with accredited InsurTech players, such as Netapps Technologies, while maintaining strict regulatory measures to ensure policyholder protection and financial system stability.<\/p>\n

As a certified InsurTech partner, Netapps Technologies will be required to leverage its digital skills to expand access to insurance, establish partnerships with approved companies and intermediaries, and operate in strict compliance with current regulatory obligations.<\/p>\n

This decision comes approximately one month after the issuance, in May 2026, of the country’s very first Partnering InsurTech license to CBI Partnering InsurTech. This second authorization illustrates NAICOM’s determination to support technological innovation while gradually building a regulated InsurTech ecosystem.<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

The National Insurance Commission of Nigeria (NAICOM) has just granted a Partnering InsurTech license to Netapps Technologies Limited, a fintech company specializing in digital solutions. This authorization is part of the regulator’s approach to accelerate the digitization of the insurance sector, increase the penetration rate of insurance products, and expand access to insurance services across<\/p>\n","protected":false},"author":537209,"featured_media":492642,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"https:\/\/www.financialafrik.com\/2026\/07\/01\/nigeria-la-naicom-delivre-une-licence-insurtech-a-netapps-technologies\/","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11996,16068,16200,12036],"tags":[],"class_list":["post-492635","post","type-post","status-publish","format-standard","has-post-thumbnail","category-finance-en","category-fintech-telecom","category-insurance","category-sectors","pmpro-has-access"],"yoast_head":"\nNigeria: NAICOM grants InsurTech license to Netapps Technologies - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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