---
title: NAICOM bets on insurtech to unlock untapped insurance market
description: "\"Discover how NAICOM's licensing of NETAPPS is driving insurance penetration and leveraging technology to reach a wider audience in the industry.\""
---

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# [NAICOM bets on insurtech to unlock untapped insurance market](https://insnerds.com/news/naicom-bets-on-insurtech-to-unlock-untapped-insurance-market)

 Written by [Insurance Nerds Editorial Team](https://insnerds.com/news/author/insurance-nerds-editorial-team) | Jun 29, 2026 5:59:24 AM

## NAICOM Licenses NETAPPS to Boost Insurance Penetration

The National Insurance Commission (NAICOM) is taking steps to increase insurance penetration by licensing NETAPPS. This move is part of NAICOM's broader efforts to tap into the untapped potential of the insurance market through the use of insurtech solutions.

NAICOM is aiming to use innovative technologies in the insurance sector to reach a wider audience and enhance the accessibility of insurance services. The licensing of NETAPPS is seen as a strategic initiative to advance these goals.

**Original Source:** [https://guardian.ng/business-services/naicom-bets-on-insurtech-to-unlock-untapped-insurance-market/](https://guardian.ng/business-services/naicom-bets-on-insurtech-to-unlock-untapped-insurance-market/)

[View full post](https://insnerds.com/news/naicom-bets-on-insurtech-to-unlock-untapped-insurance-market)

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