Reliable Insurance Companies In Nigeria

 




An essential service that aids in safeguarding you, your company, and your family from unanticipated disasters is insurance.


Although you may not want certain occurrences to occur, you cannot prevent them, which is why they are referred to as unexpected.


The good news is that insurance promises to cover you no matter what happens.


In order to help you protect your family, your business, and yourself from potential risks, we have put together a comprehensive list of insurance providers in Nigeria from which you can select.


The following list of our top 25 insurance providers is in no particular order, but it is important to keep in mind that there are numerous other insurance providers in Nigeria.





Know the top insurance providers in Nigeria


NO1.  AIICO Insurance Plc.

A leader in the Nigerian insurance sector is AIICO insurance. They founded this business in 1963, and since then, they have advanced to become one of the major players in the insurance sector. They additionally concentrate primarily on general insurance, life assurance, special risks, health, asset management, and pension management.


NO2. Leadway Assurance Company 



When Leadway Assurance was founded in 1970, the insurance industry saw a significant increase in their activity. They specialize in commercial, life, and pension insurance. They additionally provide allied financial services. This covers portfolio management, credit bonds, and other monetary losses.


NO3. Custodian and Allied Insurance

Custodian and Allied Insurance is a fully owned insurance company that seeks to meet the needs of its clients for cutting-edge insurance products. They think that this will contribute to ensuring customer satisfaction. Additionally, they provide a variety of insurance plans that are customized to match your needs.


NO4. Cornerstone Insurance Plc.


As a private limited liability corporation, Cornerstone Insurance was founded in 1991. They did, however, change their status to Public Limited Liability in 1997. They are a committed insurance firm that, in every circumstance, puts the requirements of their customers first.


NO5. AXA Mansard Insurance.


AXA Mansard is a member of the AXA Group. With well over 160,000 employees, they are one of the top companies in asset management and insurance globally. Additionally, they provide services to over 60 countries and about 107 million clients.


NO6. Africa Alliance Insurance Plc.


AAI was founded in 1960, and since then, they have developed a reputation for themselves in the insurance sector. In general, they concentrate on insurance options that are customized to your needs. Investment insurance plans, Annuity assurance, group life insurance, etc. are a few of their policies.


NO7. Lasaco Assurance Plc.


Lagos state Assurance Company Limited is known as Lasaco. It is a financial services and composite insurance company that was established in December 1979. In the year 2980, they received their Nigerian insurance license. General insurance, life insurance, and online payments are the focus of Lasaco.


NO8. Anchor Insurance


 Anchor Insurance is a well-known insurer in Nigeria. In November of that year, they began operations after being registered with NAICOM. General Business Insurance is Anchor Insurance's area of expertise. Because they see their customers as the reason they are in business, anchor insurance is well-liked by the public. This implies that the needs of the customer come first.


NO9. Goldenlink Insurance


They established Goldlink Insurance as a Private Limited Liability Company on April 15, 1992. They did, however, officially become an insurance company in September of 1993. Goldlink has been able to stand tall in the insurance industry because of their unwavering commitment to insurance. Life, travel, general business, and auto insurance are Goldlink's areas of expertise.


NO10. Continental Reinsurance


Beginning in 1985, Continental Insurance was a privately owned insurance company. They did, however, officially become an insurer in 1990. They provide both life and non-life insurance. They also have a broad range of clients and a well-diversified business mix. Their ambition is to rank among the top insurers in Africa, not just in Nigeria.


12. Combined Hallmark Insurance



One of the top insurance providers in Nigeria is CHI Plc, also known as Consolidated Hallmark Insurance. They are determined to alter how people in Nigeria perceive insurance. With the aid of technology and the experts they have on staff, CHI Plc. is confident they can accomplish this. Consolidated Hallmark also has a range of insurance options that are tailored to your requirements.


12. Insuring with FBN


One of the First Bank of Nigeria's subsidiaries is First Bank of Nigeria Insurance. Essentially, FBN insurance is a life insurance company that offers protection to both private citizens and businesses. They basically create the FBN Insurance products to help you take advantage of the peace of mind that comes with controlling common risks.


NO13. Niger Insurance Plc.


The insurance company Niger Insurance is entirely computerized. They specialize in all types of insurance in general and provide a vast array of innovative and customer-focused services. The management team at Niger Insurance is extremely capable and has strong managerial abilities.


No14.  NEM Insurance


It's been a very long time since NEM Insurance first appeared. As Edward Turner and Co., they typically began in Nigeria. However, they merged with Vigilant Insurance Company in 2007 to conduct all general insurance business. They have grown their business throughout the West African region. General insurance and special risks are primarily the focus of NEM Insurance.


NO15. Mutual Benefits Insurance Plc


Over the years, Mutual Assurance has grown stronger, becoming one brand you can rely on in Nigeria. In essence, they are a group interested in various facets of the Nigerian economy. With over 3,000 employees, they serve 250,000 clients.


NO16. Saintco Insurance Plc.


In October 1991, Staco was incorporated in Nigeria. But they began working in the insurance industry in 1994, going by a new name. They granted them permission to operate in all categories of the insurance industry. This includes Special Risks and General Insurance.


NO17. Insurance from Nicon


One of Africa's top insurance providers is NICON. They were formerly owned by the Federal Government of Nigeria in order to support the growth of the insurance sector. They were privatized, though, in 2005. They have locations in each of the 36 federally recognized states. They also have a number of policies that can be customized to fit your insurance requirements.


NO18. The Royal Exchange Plc


The Royal Exchange name is well-known in the Nigerian financial sector, particularly in the insurance industry. To carry out their plan for the financial sector, they were reorganized in 2008 into a group structure. In general, Royal Exchange Insurance focuses on conducting non-life insurance business in Nigeria.


NO19. Guinea Insurance Plc.


Guinea Insurance has consistently upheld its reputation as a leader among insurance providers in the provision of risk management solutions over the years. In fact, they are a significant player in the provision of top-notch financial risk management strategies for general insurance and unique risks. Guinea insurance employs cutting-edge technology, has a solid financial foundation, and highly qualified personnel.


NO20. Coronation Insurance Plc


One of the top organizations in the West African insurance sector is typically Coronation Insurance. They were founded in 1958, and over the years they have gained underwriting and risk management expertise. They also provide a wide range of goods and services covering businesses with life, general, and special risk.


NO21. Great Nigeria Insurance Plc.


GNI's main goal is to essentially uphold the values that embody their business philosophy. Over the years, they have put together a dynamic and focused team of highly qualified professionals. In essence, their shared values include excellence, professionalism, empathy, and a spirit of teamwork.


NO22. Standard Alliance Insurance Company Limited.


One of Nigeria's most prominent technology- and customer-focused insurance companies is called Standard Alliance. Due to their top-notch delivery of goods and services, they are ranked among the best and most reputable in the insurance sector. They focus on general and unique risk insurance.


NO23. Law Union and Rock Insurances.


Law insurance unions have existed for some time. They were among the first insurance companies to establish offices in Nigeria. Since their establishment in 1951, they have put in a lot of effort to rank among Nigeria's top insurance providers. General insurance policies are the focus of law and union.


NO24.  Trust Insurance Plc.


Following a reorganization to become the Grand Union Assurance Limited, Sovereign Trust opened for business in 1985. Through a nationwide network of branches, they conduct business nationwide. In general, Sovereign Trust specializes in a broad range of goods and services that are tailored to your requirements.


NO25. Regency Alliance Insurance Plc.


Regency Alliance has been providing general insurance in Nigeria for more than 20 years, and it still dominates the market. Using their extensive underwriting knowledge, they cultivate the best insurance service for you. Additionally, in association with their technical partners and intermediaries, they provide a variety of customized insurance products.


Conclusion


There are a few well-known insurance providers that were left off the list. Additionally, you might want to look them up or read about them to identify the one that interests you. Several illustrious insurance providers are left off the list. To determine if they best meet your needs, you might also want to learn more about them. Examples include Linkage Assurance, Veritas Capital Assurance, and Sunu Assurance Limited.


The final point to make is that getting insurance is a surefire way to protect yourself from potential risks. As a result, you can use any of the insurance providers in this article to protect your family, business, and property against any unforeseen event.

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