AIICO Insurance Plc has received a new operational licence from the National Insurance Commission, confirming its full compliance with the recapitalisation requirements introduced under the Nigerian Insurance Industry Reform Act 2025.
The development, announced in a public notice dated August 2, 2026, by NAICOM following the conclusion of the 12-month sector-wide recapitalisation exercise, listed AIICO among a select group of insurers certified to maintain full composite status across both life and general business lines.
In a statement on Wednesday, the insurer highlighted that it did not require additional equity raising to meet the new regulatory threshold, having maintained a capital base above the revised minimum prior to the exercise.
The licensing milestone coincided with the company’s second-quarter 2026 financial results, which showed growth across key operational parameters.
Insurance revenue for the period rose by 14.5 per cent to N74.9bn from N65.4bn recorded in Q2 2025, driven by a gross written
This post was originally published on this site.
