NAICOM Insurance Company License Application Form

Apply for Your NAICOM Insurance License with Confidence

Starting an insurance company in Nigeria requires navigating complex regulatory requirements set by the National Insurance Commission (NAICOM). This NAICOM Insurance Company License Application Form streamlines the entire process, helping you submit a complete, compliant application that meets all regulatory standards.

Built for Nigerian Insurance Entrepreneurs and Professionals

Whether you're establishing a life insurance company, general insurance business, composite insurer, or reinsurance firm, this form template captures all the critical information NAICOM requires—from corporate structure and shareholding patterns to detailed business plans and solvency margin calculations.

The form is structured to guide applicants through:

• Company registration details including CAC incorporation documents and TIN verification
• Comprehensive business plan sections covering market analysis, operational strategy, and financial projections
• Capital adequacy and solvency margin documentation to demonstrate financial soundness
• Management and technical capability disclosures including directors, key officers, and professional qualifications
• Compliance declarations confirming adherence to Nigerian insurance regulations

Why Use Paperform for Your NAICOM Application?

Processing NAICOM applications involves collecting extensive documentation, financial statements, and supporting evidence from multiple stakeholders. Paperform's conditional logic ensures applicants only see questions relevant to their license type, while file upload fields make it simple to attach all required documents—incorporation certificates, financial statements, tax clearance certificates, and more.

Once submitted, you can use Stepper (stepper.io) to automate your internal review workflow—routing applications to compliance officers, legal teams, and senior management for sequential approval before final submission to NAICOM. This ensures nothing slips through the cracks in what can be a months-long licensing process.

For firms managing multiple applications or providing consultancy services to aspiring insurers, Paperform's Agency+ plan lets you create client-specific forms while maintaining consistent compliance standards across all submissions.

Professional, Compliant, and Ready to Deploy

This template reflects current NAICOM regulatory requirements and Nigerian insurance industry best practices. It's designed for insurance promoters, corporate advisory firms, legal practitioners, and financial consultants who need a reliable, professional tool for managing the complex NAICOM licensing process.

Get started with Paperform today and transform your NAICOM application process from overwhelming paperwork into a streamlined, trackable workflow.