It has been highlighted, some top insurance companies in Nigeria in 2022.
Below is a list of top 15 insurance companies in Nigeria
1. AIICO Insurance Plc.
AIICO insurance is one of the top guns in the Nigerian Insurance Industry. They established this company in the year 1963, and they have since moved up the ladder of the insurance industry to be one of the top players. Furthermore, they focus mainly on General Insurance, Life assurance, special risks, Health, Asset management, and pension management.
2. Leadway Assurance Company
Leadway Assurance came into existence in the year 1970, and ever since then, they have been very active in the insurance business. They major in business, life, and pension insurance. In addition, they also offer allied financial services. This includes portfolio management, credit bond, and miscellaneous and financial losses.
3. Custodian and allied insurance
Custodian and Allied Insurance is a wholly-owned insurance company with the aim to cover its customer’s innovative insurance products needs. This they believe will help guarantee customer’s satisfaction. Furthermore, they offer a wide range of insurance plans tailored to meet your needs.
4. Cornerstone Insurance Plc.
Cornerstone Insurance came into existence in 1991 as a private limited liability company. However, in the year 1997, they became a Public Limited Liability. They are a dedicated insurance company and put their client needs first in all situations.
5. AXA Mansard Insurance
AXA Mansard belongs to the AXA Group. They are one of the worldwide leaders in asset management and insurance with well over 160,000 employees. In addition, they serve about 107 million clients in over 60 countries.
6. African Alliance Insurance Plc.
AAI came into existence in the year 1960, and since then they have built a reputation for themselves in the insurance industry. They focus generally on insurance products that are tailored to meet your needs. Some of their policies are investment insurance plan, Annuity assurance, Group life Assurance, etc.
7. Lasaco Assurance Plc.
Lasaco is a financial service and composite insurance incorporated in December 1979, Lasaco is an acronym for Lagos state Assurance Company Limited. They got their license to operate as an insurer in Nigeria in the year 2980. Lasaco major in General Insurance, Life Insurance, and online payment.
8. Anchor Insurance:
Anchor Insurance is one of the notable insurance firms in Nigeria. NAICOM registered them in the year 1989, and in November the same year, they started operation. Anchor Insurance specializes in General Business Insurance. People love anchor insurance because they see customers as the reasons they are in business. This means customer’s need is their priority.
9. Goldlink Insurance
They incorporated Goldlink Insurance on 15th April 1992 as a Private Limited Liability Company. However, in the year 1993, to be precise September, they became a full-fledged insurance company. Because of Goldlink’s insurance dogged commitment, they have been able to stand tall in the insurance industry. Goldlink specializes in General Business, Life, Travel, and Motor Insurance.
10. Continental Reinsurance
Continental Insurance started as a private insurance outfit in the year 1985. But in 1990 they became a full-fledged insurer. They offer non-life and life insurance. Besides this, they have a well-diversified business mix and customer base. It is their goal to become one of the most recognized insurers not only in Nigeria but in Africa.
11. Consolidated Hallmark Insurance
CHI Plc. also known as Consolidated Hallmark Insurance is one of the leading Insurance companies in Nigeria. They have the determination to change the way people see insurance in Nigeria. CHI Plc. believes they can achieve this through the help of technology and the professionals they have on board. Furthermore, Consolidated Hallmark has several insurance offerings tailored to meet your needs.
12. FBN Insurance
First Bank of Nigeria Insurance is a subsidiary of the First Bank of Nigeria. FBN insurance is basically a life insurance business aimed at providing coverage for individuals and corporate organizations. They design the FBN Insurance products to basically help you enjoy the peace of life that comes from managing everyday risks.
13. Niger Insurance Plc.
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. The management team of Niger insurance is highly competent with extensive managerial skills.
14. NEM Insurance
NEM Insurance has been around for a very long time. They generally started out in Nigeria as Edward Turner and co. However, in 2007, they merged with Vigilant Insurance Company to transact all forms of general insurance. Over the years, they have expanded their operations in the West African subregion. NEM insurance majors basically in general insurance and special risks.
15. Mutual Benefits Assurance Plc.
Mutual Assurance over the years has strengthened to be one brand you can trust in Nigeria. They are basically an organization with an interest in different sectors of the Nigerian economy. They have over 3,000 staff and a customer base of 250,000.
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