NAICOM licences GOXI as State composite Microinsurer

The National Insurance Cmission (NAICOM) has approved GOXI as a state composite microinsurance company.

This is in lime Work its drive to ensure insurance market development through enhanced access points for Insurance services in Nigeria. The National Insurance Commission (NAICOM) has granted approval to

GOXI Microinsurance Company Limited to operate as a State Composite Microinsurance Company transacting Life and General Micro insurance Business in Lagos State only.

This is one of several applications received in the Commission from individuals and corporate entities requesting approval for registration as Micro Insurance operators.

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GOXI Microinsuranoe Company Limited thus become the first full fledged standalone Micro Insurance Operator in Nigeria.

Modestus Anaesoronye

Modestus Anaesoronye is a leading Nigerian financial journalist with over two decades of experience reporting on the insurance and pension sectors across Nigeria and West Africa. He has held key editorial positions at major national media outlets, including The Comet, The Nation, and Financial Standard, and currently serves as a Senior Financial Analyst at BusinessDay Media Ltd. A widely travelled reporter, he has covered industry developments in more than 14 countries across Africa and Asia. Anaesoronye is a multiple award-winning journalist, honoured several times as Insurance Journalist of the Year and Pension Journalist of the Year by recognised industry bodies, including PensionScope and the Pension Fund Operators Association of Nigeria (PenOp), among others.