The Nigerian Stock Exchange has approved the following top Nigerian insurance companies to administer insurance policies.
The contract that transfers known risk to the insurer (insurance firm) in exchange for a fee (premium) gives the insurer the right to compensate the individuals mentioned in the insurance. when the loss or risk happened.
In Nigeria, insurance companies play a variety of roles, including lowering financial risk, offering protection from loss brought on by unanticipated situations, ensuring safety and security, fostering economic progress, and acting as financial intermediaries.
There are numerous insurance options available in Nigeria, including life, auto, health, property, deposit, mortgage, and agricultural insurance.
In 1963, AIICO Insurance plc was established. Since that time, has developed into Nigeria’s top life insurer. AIICO offers general insurance, life and health insurance, investment management, and pension management services as a way to build and safeguard wealth for its customers who are individuals, families, and businesses.
Leadway Insurance Company
Sir (Dr.) Hassan Olusola Odukale started the Leadway Insurance Company in 1970. The National Insurance Commission, RIC No. 025, approved it and oversaw its administration.
One of the top insurance service providers in Nigeria, Leadway assurance has a solid track record of providing prompt service and dependable clients. Leadway offers life insurance, travel insurance, and commercial and personal property and liability insurance. Beginning in Kaduna state, the company’s operations moved to other regions of the federation.
Nigerian Agriculture Insurance Corporation (NAIC)
Before the NAIC was founded on November 15th, 1987. Nigerian farmers experienced a variety of losses on their investments and had no way to resume production, which resulted in the population of farmers declining and posed a severe threat to global food security. Government concern about the void caused by conventional insurers’ refusal to accept agricultural risk, which they considered too risky, led to the necessity for a specialized agricultural insurance business to offer insurance coverage to farmers.
In order to exclusively provide agricultural insurance coverage to Nigerian farmers, the Nigerian Agriculture Insurance Corporation was established as a fully owned federal government of Nigeria insurance firm.
African Alliance Insurance
Chief S.L. Edu (CON), Mr. T.A. Braithwaite (CON), and Chief M.E.R. Okorodudu created African Alliance Insurance plc, which was incorporated as an insurance firm on May 6, 1960. The most seasoned and powerful specialized life assurance office in Nigeria, known as AAI insurance, provides thousands of consumers with individualized insurance solutions that are catered to each stage of their lives.
Phone numbers for the head office are +2348066309476 and +2347032294082 54 Awolowo Road, Ikoyi, Lagos.
A limited liability corporation with a license to provide life insurance business in Nigeria is FBN Insurance. The company formally began operations on September 1st, 2010, and is jointly owned by FBN Holding Plc (65%) and the Sanlam institutions in South Africa (35%). The national association of insurance and pension correspondents (NAIPCO) recognized FBN Insurance as the insurance company with the fastest rate of growth in Nigeria in 2007. In addition, NAIPCO recognized FBN Insurance as the most profitable life insurance company in Nigeria in 2019 and the third-ranked life insurance company based on gross premiums in the same year.
Their main goal is to give their clients the peace of mind that comes with controlling life’s risks while also assisting individuals, organizations, and communities in rising to the occasion when the unexpected occurs. You can also use FBNInsurance to save money for a pleasant future and to safeguard your most important assets.
In Benin City, Edo State, at 165 First East Circular Road, is the head office.
+1 718 FIRSTCONTACT (0700347782668228)
First Contact at First Bank Nigeria, Inc.
AXA Mansard Insurance
The National Insurance Commission of Nigeria has registered AXA Mansard Insurance plc as a composite company since it was established in 1989 as a private limited liability business (NAICOM). The Nigerian Stock Exchange listed AXA Mansard Insurance Ltd as an insurance provider in November 2009. (NSE). Through its three subsidiaries, AXA Mansard Investment Ltd., AXA Mansard Health Ltd., and AXA Mansard Pension Ltd.
The company provides life and non-life insurance products and services to Individuals and Institutions throughout Nigeria. It also provides asset/investment management services, health management services, and pension fund administration.
Acorn Insurance Plc. became a public limited liability corporation after being incorporated on July 26, 1991, as a private limited liability business. cited in 1997 on the Nigerian stock exchange. The national insurance commission (NAICOM) has granted them licenses and re-certifications to conduct both general and life insurance business.
Leading insurance provider in Nigeria, Cornerstone Insurance provides a variety of insurance products, including term assurance, takaful, group life, credit life, mortgage protection, aviation, marine, engineering all risk, asset protection, third-party liability, oil and gas (Islamic Insurance). They were the first insurance provider in Nigeria to offer customers an internet platform for purchasing insurance.
Cornerstone’s head office is located at 21 Water Corporation Drive, off Ligali Ayorinde Street in Victoria Island, Lagos, Nigeria. Its phone number is +2348106000800 for sales inquiries and assistance (079026763778663) (Corporate feedback, inquiries, and complaints)
Website: Cornerstone.com.ng Email addresses: [email protected], [email protected] (for sales inquiries and assistance), [email protected] (for corporate inquiries, feedback, and complaints) (claims lodgement, inquiries, and complaints).
Custodian and Allied Insurance
The investment firm Custodian Investment Plc holds significant stakes in a number of businesses and brands, including Custodian and Allied Insurance Ltd, Custodian Life Assurance Ltd, Custodian Trustees, and Crusader Sterling Pension Limited, all of which provide best-in-class services in their respective fields.
The company is run by a board of thoroughbred experts with a track record of success in their respective fields of endeavor, who bring deep and comprehensive perspectives from years of profitable and eventful experience to bear on the company’s direction.
Call the head office at +23412774000-9 at 16A Commercial Avenue, Sabo, Yaba, Lagos, Nigeria.
Website: https://custodianplc.com.ng/ Email: Custodianplc.com.ng
Metropolitan Life Insurance
After the former HEIRS Life Assurance Firm Ltd. was successfully recapitalized and given a new name, Metropolitan Life Insurance Nigeria Ltd. was formed as an insurance company. Momentum Metropolitan Holding Limited of South Africa, a corporation that is registered on the Johannesburg Stock Exchange and has been conducting business in South Africa for more than a century, and United Bank for Africa (UBA) initially formed the company as a joint venture. Customers of Metropolitan Life Insurance Company can purchase group life and credit life products.
Metropolitanng.com Head Office: 205b Ikorodu Road, Obanikoro Lagos, Nigeria Tel: +234(01)277252024
Message me at [email protected].
Anchor Insurance Company
As a general business (non-life) insurance firm, Anchor Insurance Company Limited was registered with and granted a license by the National Insurance Commission (NAICOM) in October 1989. It commenced operations in November of that same year.
The company first started operations at its registered office in Uyo, Akwa Ibom State, but later joined other underwriting companies in Lagos due to commercial needs. Its registered office is still in Uyo even if its cooperative head office is at the Victoria Island Office in Lagos.
They provide general and specialized risk insurance services, including hull and cargo insurance, agriculture insurance, anchor loEIS, micro insurance, motor insurance, bonds, and suretyship.
Head Office: 7/13 Aka Road, Akwa Ibom State’s Uyo Cultural Village Complex. Phone: +2348067107569 Obasanjo Presidential Library
There are a total of 47 insurance companies listed on the Nigerian stock exchange, including these top lists of licensed insurers in Nigeria.