21 Top Insurance Companies in Nigeria – We will be showing you 21 Top Insurance Companies in Nigeria, In Nigeria, they are standard, Trust, and Reliable insurance you can choose from.
The Nigerian Insurance Industry Database Nigeria (NIID) has only grown since it entered the mainstream Nigerian market, This is because everyone wants to get an insurance certificate for their company and property.
On this page, we will the 21 Top Insurance Companies in Nigeria so relax and let’s get started.
Top Insurance Companies in Nigeria
1. Leadway Assurance Company
LEADWAY ASSURANCE COMPANY LIMITED (‘LEADWAY’) is one of Nigeria’s foremost insurance service companies, with a reputation for service efficiency and customer reliability.
For over 45 years, LEAD WAY has honored its underwriting commitments and has earned its reputation of excellence in claims handling. The evolution of LEAD WAY since 1970 has mirrored the dramatic expansion of indigenous insurance service providers, with LEAD WAY remaining at the forefront as an insurer of repute.
2. AIICO Insurance Plc.
Established in 1963, AIICO Insurance Plc (NSE Ticker: “AIICO”) is a financial services group with market-leading positions in its key business lines; Insurance, Health Maintenance, and Asset Management.
- Life assurance and annuity
- General insurance and special risks
- Health insurance and
- Asset management
3. Cornerstone Insurance Plc
Cornerstone Insurance Plc is a dedicated insurance company that puts their client needs first in all situations, Cornerstone Insurance came into existence in 1991 as a private limited liability company. However, in the year 1997, it became a Public Limited Liability.
4. Custodian and allied insurance
Custodian Investment Plc is a leading Nigerian Investment Group with operations in the Other Financial Services Sector of the economy. The group has significant holdings in companies and brands including Custodian and Allied Insurance Limited, Custodian Life Assurance Limited, Custodian Trustees, Crusader Sterling Pensions Limited, and UPDC Plc. All these companies render best-in-class services in their respective spheres.
5. AXA Mansard Insurance
AXA Mansard is a member of the AXA Group, the worldwide leader in insurance and asset management with 153,000 employees serving 105 million clients in 54 countries, AXA Mansard Insurance plc was incorporated in 1989 as a private limited liability company and is registered as a composite company with the National Insurance Commission of Nigeria (NAICOM).
6. Lasaco Assurance Plc.
LASACO Assurance Plc is one of the fastest-growing Insurance Companies in Nigeria. It is a composite insurance company with various products and services, We are committed to being the Insurance and Financial Services Company of choice in Nigeria, providing Products and Services of Superior Quality, To be a market leader in Insurance and Financial Services in Nigeria.
7. African Alliance Insurance Plc.
African Alliance Insurance Plc is widely recognized as the most experienced and strongest Specialist Life Assurance Office in Nigeria, We improve the quality of life of our clients and add value to our shareholders, and are the most preferred life insurance specialist.
8. Anchor Insurance
Anchor Insurance specializes in General Business Insurance, Anchor Insurance is one of the notable insurance firms in Nigeria. NAICOM registered them in the year 1989 and in November of that same year. People love anchor insurance because they see customers as the reasons they are in business
9. Continental Reinsurance
Incorporated in Nigeria in 1985, Continental Reinsurance started business initially as a private reinsurance company. From January 1987, we began operating as a general reinsurer and in January 1990, we became a composite reinsurer, offering both treaty and facultative life and non-life reinsurance, with a well-diversified business mix and customer base.
10. Goldlink Insurance
Goldlink Insurance creates a profitable, socially responsive, and responsible business enterprise resolutely committed to being amongst the top echelon of Nigerian Insurance companies, To satisfy our clients’/associates’ insurance needs, through the provision of qualitative and innovative services employing state-of-the-art technology.
11. Consolidated Hallmark Insurance
Consolidated Hallmark Insurance Plc emerged as one of the top ten General Business and Special Risk Insurance underwriters in Nigeria, With a MISSION, To preserve wealth, reduce anxiety and create value and to be the first choice provider of Insurance and other financial services in Nigeria.
12. FBN Insurance
FBNInsurance is a Limited Liability Company licensed to transact Life Insurance businesses. The company is a member of the Sanlam Group, a leading diversified, pan-African financial services group. FBNInsurance officially commenced operations on the 1st of September 2010. As a life insurance business, we provide coverage for Individual and Corporate Clients. We are the youngest start-up insurer in Nigeria with a presence in strategic geographical locations across the country.
13. NEM Insurance
NEM INSURANCE PLC started the insurance business in Nigeria in 1948 through the agency of Edward Turner & Co, It became a Nigerian branch of NEM General Insurance Association To build a customer-satisfying Insurance institution that is passionate about adding value to the interests of all stakeholders.
14. Niger Insurance Plc.
The management team of Niger insurance is highly competent with extensive managerial skills, Niger Insurance is a fully computerized insurance company. They major generally in all classes of insurance and offer a wide range of customer-oriented and innovative services.
15. Staco Insurance Plc.
STACO Insurance Plc emerged in July 1994 as a result of discreet acquisition and restructuring carried out on Alpha Insurance Plc, Owned by Nigerians who have distinguished themselves in their various business endeavours and manned by seasoned professionals who have proven integrity in the Nigerian Insurance Industry.
16. Mutual Benefits Assurance Plc.
Mutual Benefits Assurance Plc (MUTUAL) has evolved into a conglomerate consisting of value-adding companies with diverse interests in various sectors of the Nigerian economy through investments, strategic alliances, and partnerships. Today, MUTUAL is a leading brand in the Nigerian Insurance industry, with over 3,000 staff and marketing executives in its employment.
Mutual Benefits Assurance help you when you need insurance advice or assistance in preparing for retirement with a life, we’d be happy to help.
18. Royal Exchange Plc.
Royal Exchange Insurance specializes generally in carrying out Non-life insurance business in Nigeria, they were re-organized into a group structure to execute their vision for the financial industry in 2008, The Royal Exchange brand is significant in the Nigerian financial market, most especially in the insurance field.
19. Coronation Insurance Plc.
Coronation Insurance is generally one of the leading companies in the West Africa Insurance industry. They came into existence in 1958, and over the years they have garnered experience in risk management and underwriting. Furthermore, they offer a wide range of product and services that covers, life, general and special risk businesses.
20. Great Nigeria Insurance Plc.
Over the years, they have assembled a vibrant and purposeful team made of highly experienced professionals, The aim of Great Nigeria Insurance is to basically live up to their business philosophy encapsulated in their values, Their shared values are basically professionalism, empathy, team spirit, innovation, integrity, and excellence.
21. Law Union and Rock Insurances
Law insurance unions have been around for a while. They are one of the first generation insurance companies to open offices in Nigeria. They began operation in 1951, and since then they have worked hard to become one of Nigeria’s leading insurance companies. Law and Union majors in general insurance policies.
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