Insurance is a risk coverage system that is very important.
Insurance companies take up the responsibility of compensating you on
any kind of risk you, your property or any member of your family may
suffer. This risks include death, fire accidents, auto accidents,
career hazards and such.
There are over a thousand active insurance companies in
Nigeria. Picking an insurance company from this list is surely not an
easy task. For when it comes to picking the right company to secure a
policy, a lot of crucial factors come into play, including-
integrity,reliability, quality rating, financial strength, cost
effective premiums, quick response, physical/live support and so many
But we have been able to combine a list of insurance companies
in Nigeria that top the chart in the insurance business.
Note: the companies, have been tested and over time proved to be
excellent in the job. But ensure you make proper investigations before
signing a policy with them. Confirm their efficiency with other people
who have insured with them.
1) AFRICAN ALLIANCE INSURANCE LTD.
Incorporated as a Private Limited Liability Company in 1960,
AAI is a well established insurance carrier in Nigeria, offering a
range of products including life insurance, property insurance and
investment plans. The company is a reputable insurance firm.
2) MANSARD INSURANCE
Incorporation date: 1989
Established to deal in composite insurance. AXA MANSARD insurance has
been among the top insurance firms in Nigeria selling life and
non-life insurance for decades. They also offer other products
including pension savings accounts and investment management.
3) AIICO INSURANCE
Established in 1963 and incorporated in 1970, AIICO
insurance has leading points in its areas of speciality Life insurance
and annuity, non-life insurance, health insurance, investment
management, retirement services.
4) CONSOLIDATED HALLMARK INSURANCE
Consolidated Hallmark insurance was incorporated in 1991 to offer
a wide range of insurance services including life insurance, car
insurance, estate insurance etc. Hallmark is a high profile and
customer oriented insurance company.
5) CUSTODIAN INSURANCE
Incorporated in 1991 as ACCIDENT & GENERAL INSURANCE COMPANY
LTD. Custodian and Allied Insurance Company(CAI) is a general
insurance company that offers a variety of insurance products
including Personal, business and risk coverage. Personal insurance:
life, accident insurance, estate insurance, car insurance, health
insurance, boat insurance etc. Business insurance: Business
interruption, burglary, fraud etc.
6) GOLD LINK INSURANCE LTD
This top rated insurance company underwrites different
classes of insurance including- personal, life, property, retirement
7) CRUSADER INSURANCE
Crusader insurance began operations in Nigeria in 1958 as
a foreign branch of Crusader Insurance Ltd United Kingdom underwriting
life and pension business. Crusader insurance became a Nigerian
company in 1970 and got listed on the Nigerian stock exchange in 1990.
Backing up its operations is a branched network of international firms
and dedicated staff.
8) INDUSTRIAL & GENERAL INSURANCE PLC(IGI).
This firm is ready to be your partner as you get ready to
conquer new business and investment grounds. With a products including
health insurance, life, motor, home and estate insurance, IGI is an
excellent choice for your assurance and trust.
9) LEADWAY ASSURANCE LTD.
Established in 1970, Leadway Assurance Company Limited,
together with its subsidiaries, provides risk underwriting and related
financial services to corporate and individual customers in Nigeria.
The company operates through five segments:
Non-Life Insurance Business, Life Insurance Business, Trusteeship,
Hospitality, and Property Management.
10) NEM INSURANCE
Started business in Nigeria under Edward Turner &Co in 1948,
It became a Nigerian branch of NEM General Insurance Association
Limited of London in 1965. This particular company has been
contributing immensely to the growth of insurance in Nigeria since
1989. Product offers: life and non life assurance.
Other insurance companies fully operational in Nigeria and
with good rating include: Mutual insurance,
-Niger insurance Plc,
-Nigeria Deposit Insurance Corporation
-Royal Exchange Insurance(Nigeria) Plc
-Prestige Insurance Brokers
-Unity Trust Insurance Ltd
What insurance company do you use. You can post your comments
here or contact us on firstname.lastname@example.org
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