We are pleased to inform you that Capital Express Life Assurance Limited has fulfilled the minimum capital requirement of ₦10 billion set by the National Insurance Commission (NAICOM) under the Nigerian Insurance Industry Reform Act (NIIRA) 2025. This achievement highlights our financial robustness, regulatory compliance, and ongoing commitment to protecting you and safeguarding your peace of mind.

The last recapitalisation took place in 2007. This reduced the number of insurance companies from 104 to 49. For a long time, the industry has been a battle of the fittest, and meeting the recapitalisation threshold determines a company’s fitness. Each recapitalisation brings about a consolidation of the Nigerian Insurance sector, which sometimes leads to mergers and acquisitions in a bid to meet the minimum capital requirement. This is why meeting the threshold is a signal of many successes and doing many things right. This is the expectation of NIIRA 2025.

Like the last recapitalisation exercise, NIIRA 2025 is geared towards ensuring Nigerian insurers have stronger and deeper capacity to take on high risks. This is what we also believe and work towards at Capital Express Life Assurance. Meeting NAICOM’s recapitalisation threshold speaks to our readiness. It is a pat on our back, a thumbs up to keep at it, a reward for our resilience, for our hard work at Capital Express Life Assurance.

This recapitalisation is more than a regulatory milestone; it is a reaffirmation of our promise. It signifies:

• Stronger Financial Assurance: Our policies are now backed by a fortified capital base, giving you deeper protection, no financial gaps along your journey with us, and the assurance that we stand fully behind every promise we make to you and your family.

• Better Service Delivery: We are investing in our people, processes, and infrastructure to serve you more efficiently.

• Digital Innovation: We are fast-tracking our digital transformation from AI-driven customer support to easy online policy management to make your experience simpler, smarter, and more convenient.

• Continued Trust: Our compliance with NAICOM’s standards under NIIRA 2025 affirms our position as one of Nigeria’s most reliable and stable life assurance companies.

Our Commitment to You

This milestone strengthens our dedication to fulfilling our mission of being in every household, providing wealth management and risk protection services.

As we strengthen our position, we are committed to growing with you every step, milestone, and promise fulfilled.

Thank you for trusting us.