Is my insurer licensed by NAICOM? Insurers, HMOs

Short answerChecked 31 October 2026

Check the insurer on NAICOM's lists of licensed companies and on its 2026 notices of the 48 insurers and 2 reinsurers that met the new capital requirements; check the broker on NAICOM's broker list (it shows each licence's expiry date); check an HMO on NHIA's list of accredited HMOs; and verify a motor certificate on askniid.org or with *565*11#. NAICOM's Reform Act 2025 introduces imprisonment for operating an unlicensed insurance business.

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Answers come from the law, the regulator and the insurers' own documents, with the source under each answer. General information, not advice.

What should I check before I buy cover?What is an excess?How do I prepare a claim?

On this page · 5 sections

Where to check what
After the 2026 recapitalisation
Apps, websites and insurtechs
FAQ
Sources

Where to check what

You want to check…	Where
An insurance or reinsurance company	NAICOM notices of 31 July 2026 and 13 August 2026; our list
A takaful or microinsurance company	NAICOM's takaful and microinsurance lists
An insurance broker	NAICOM's broker list (licence number, expiry date, status)
An insurance web aggregator	NAICOM's web aggregator list
An HMO	NHIA's accredited HMOs
A motor certificate	askNIID

After the 2026 recapitalisation

The Reform Act 2025 raised the minimum capital to ₦10 billion (life), ₦15 billion (non-life), ₦25 billion (composite) and ₦35 billion (reinsurance), with compliance due by 30 July 2026; a company that failed would face "liquidation, merger, or any other regulatory resolution action" (NAICOM circular). On 13 August 2026 NAICOM announced that 48 insurance companies and 2 reinsurance companies had been confirmed compliant, "bringing the Nigerian insurance industry recapitalization exercise to a successful conclusion" (NAICOM). If the company on your policy is not on those notices, ask NAICOM what became of it before you renew.

Apps, websites and insurtechs

Since 1 August 2025, NAICOM's Guidelines for Insurtech Operations require anyone who markets or distributes insurance online, or aggregates insurance offers, to be licensed by NAICOM, to display that licence on its website and to share your details only with the insurer you choose (guidelines, §1.2, §4.1, §9.2, §17). Ask any app or site for its NAICOM licence before giving your details.

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Frequently asked questions

How do I know if an insurance company is licensed in Nigeria?

Find it on NAICOM's notices of 31 July and 13 August 2026 (48 insurers and 2 reinsurers confirmed compliant with the new capital rules) or on NAICOM's lists of operators, or contact NAICOM.

How do I check if an insurance broker is registered?

On NAICOM's list of insurance brokers, which gives each broker's licence number, the expiry date of the licence and its status.

Is it illegal to sell insurance without a licence in Nigeria?

Yes. NAICOM says the Reform Act 2025 introduces imprisonment for individuals found guilty of operating unlicensed insurance businesses, and insurtechs must hold a NAICOM licence.