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22 Lists Of Licensed Insurance Companies In Nigeria.


An adage says, he who fails to plan, plans to fail. But, even in the midst of a well planned life, some unplanned circumstances can throw you off balance and make you loose all your life long investments. I am sure someone somewhere is saying God forbid!, It is not my portion! But the truth is, bad things still happen. This is why future forward entrepreneurs sign up with insurance companies to insure their properties against future loss or damage.

See Also: 16 List of HMO’s in Nigeria and all their service offering.

Basically, insurance is all about protecting yourself, your business and properties from financial loss. Interestingly, there are several companies you can plug into.

Start Your Business in 30 Days Even If You Don't Have An Idea
Start Your Business in 30 Days Even If You Don’t Have An Idea

So, we have compiled list of 22 insurance companies in Nigeria you can choose from.

See Also: The different classes of trademark in Nigeria for entrepreneur to choose from.

List Of 22 Insurance Companies In Nigeria

1. AIICO Insurance Plc

Aiico Insurance is one of the well recognised insurance companies in Nigeria. The company started in 1963 as a pension and asset management group. In addition, the outfit also focuses on general and special risks, life assurance, annuity and health insurance as well. Currently, AIICO is the 2nd largest insurance company in Nigeria.

Address: Plot PC 12, Churchgate Street, Victoria Island, Lagos.

Website: www.aiicoplc.com

Phone no: 0700 2442 6682 28

See Also: List of coworking spaces in Lagos, Nigeria

2. Custodian And Allied Insurance Limited

The company is a brand under Custodian Investment Plc. Their offers include, general and life insurance products.

Address: 16A, Commercial Avenue, Sabo, Yaba, Lagos.

Contact: (+234) 12774000-9

Website: www.custodianplc.com.ng

3. Consolidated Hallmark

Consolidated Hallmark is one of the top ten general business and special risk companies in Nigeria. The company thrives on integrity and excellent service delivery. In addition, they provide premium risk management solutions to their clients. Interestingly, the company is the second insurance company to receive ISO 9001:2015 (Quality Management System Certificate)

Address: 266, Ikorodu Road, Obanikoro, Lagos

Go from idea to starting your business in 30 days
Go from idea to starting your business in 30 days

Contact: 0700-2446-7887-2623, +234  1 2912543, +234 1 2912 532

Website: www.chiplc.com

See Also: 12 Lists of work ethics an employee should demonstrate

4. Leadway Assurance Company Limited

Leadway began business in 1970 and is still one of the leading insurance companies in Nigeria. Over the years, the company is known for giving clients prompt claims settlement and innovative services. Leadway products include personal, SME, and corporate offers.

Address: 121/123 Funso Williams Avenue, Iponri, Surulere, Lagos

Tel: 01-2700 700

Website: www.leadway.com

5. Industrial And General Insurance (lGI) Plc

IGI started business in January 1992 as a composite insurer offering life and general insurance as well as pensions and special risks. After four years of operation, IGI appeared as the first private insurance company in Nigeria to post N1billion premium income. In addition, IGI makes use of latest technology in their operation. You can get quotations and make payment directly from their website.

Address: 2, Agoro Odiyan Street, Off Adeola Odeku, Victoria Island, Lagos.

Phone: (01) 2918853, (01) 2918854, (01) 2918827

Website: www.iginigeria.com

See Also: 100 profitable business ideas to start now.

6.  Gold Link Plc

Goldlink was registered on 15th April, 1992 but, got licensed on 8th September, 1993. The company has a head office in Lagos and 16 branches across the country. Their product ranges from engineering policies to group life, individual life insurance and many more.

Address:  6, Emmanuel Street, Maryland, P.O Box 5987, Marina, Lagos, Nigeria

Contact: 070046535465, 0811792300-5

Website: goldlinkinsuranceplc.com

7. Niger Insurance Plc

Niger is another company in Nigeria involved in various classes of insurance business. Also, the company offers life and non life coverage to its clients. At Niger, the product offers are flexible because they understand the diverse needs of their clients.

Address: 48/50, Odunlami Street, Lagos Island.

Tel: 08133244981, 08136053520

Website: www.nigerinsurance.com

See Also: List of successful entrepreneurs in Nigeria

8. NEM Insurance

NEM Insurance Plc started business in Nigeria in 1948 through the agency of Edward Turner & Co. Their products and services includes corporate, personal and SME products.

Address: 199, Ikorodu Road, Obanikoro, Lagos. P.O Box 654, Lagos

Tel: +234 14489560-7

Website: nem-insurance.com

9. Mutual Benefits Assurance Plc

Mutual Benefits Assurance Plc was incorporated on 18th April 1995 as a private limited liability company but began operation on 2nd October, 1995. The company offers life and general insurance business.

Address: Aret Adams House, 233, Ikorodu Road, Ilupeju-Lagos. P.O. Box 70986, Victoria Island, Lagos.

Tel: 09054644444, 09054744444

Website: www.mbaplc.com

See Also: 4 ways to make sales and win more customers for more revenue.

10. Staco Insurance Plc

Staco was incorporated in Nigeria on 10th October, 1991 but was licensed to carry out insurance business on 1st October, 1994. The company also carries out general and special risk insurance. In addition, Staco Plc upholds integrity and hard work in their operations.

Address: 209, Herbert Macaulay Way, Yaba, Lagos.

Tel: +234 806 410 3680, +234 816 0654035

Website: stacoplc.com

11. Nicon Insurance

Nicon was originally owned by Federal Government of Nigeria. It was established to assist the development of insurance companies in Nigeria and to ensure that the Federal Government’s assets and properties are protected. However, NICON was privatized in December, 2005. Currently, the company has 40 branches and six regional offices

Address: Ground Floor, NICON Plaza, plot 242, Muhammadu Buhari way, central district, Abuja

Tel: 09087260168, 08055084597

Website: www.niconinsurance.com.ng

See Also: 10 list of young entrepreneurs in Nigeria distrupting across different industries

12. Lasaco Assurance Plc

Lasaco was incorporated on 20th December, 1979 but was granted license on 7th July, 1980. The company transacts life and non life insurance.

Address: Plot 16, Acme Road, Ogba, Ikeja, Lagos, Nigeria. P.O. Box 3724

Tel: 07000527226

Website: www.lasacoassurance.com

13. Royal Exchange Plc

Royal Exchange began operations in Nigeria in 1918 and was represented  by Barclays Bank DCO. Thereafter, in 1921, Royal Exchange converted to a full branch of its then parent company, Royal Exchange Assurance, London. Their products include Royal money guard, Royal Burglary protection, Royal fire protection, Royal transit plan and many more.

Address: New Africa House, 31 Marina, Lagos.

Tel: +234-1-4606690-9

Website: www.royalexchangeplc.com

See Also: Top five tourist attractions in Nigeria and their locations

14. Guinea Insurance Plc

The company is also a well sought after company in Nigeria. They began operation on December 3rd, 1958. Their product covers general accident, engineering and special risk.

Address: 33, Ikorodu Road, Jibowu, Lagos.

Tel: 01-4622050-2, 018446470, 07098212408

Website:  www.guineainsurance.com

15. Anchor Insurance Plc

Anchor is a non-life insurance outfit registered and licensed in October, 1989, but started full operation in November, 1989. Currently, Anchor has expanded to 19 branch offices across the country.

Registered Office: 7/13, Aka Road, Uyo, Akwa Ibom State

Tel: 08067107569

Website: www.anchorinsuranceng.com

See Also: Four ways to go into entrepreneurship

16. Wapic Insurance Plc

Wapic provides general and life insurance policies at competitive rates for both individual and corporate clients. They started in 1958 and got licensed to carry out different classes of insurance including fire and special perils.

Address: 119 Awolowo Road, Ikoyi, Lagos, Nigeria.

Tel: 012774500, 0700342592742

Website: www.wapic.com

17. Great Nigeria Insurance Plc

GNI has over 55years experience in underwriting, financial advisory and real estate investments. Also, GNI Plc employs state of the art information technology in its operation. Product offers include: group life assurance, fire and special peril, workmen compensation and many others.

Regional Office: 8, Omo Osagie Street, off Awolowo Road, Ikoyi, Lagos.

Tel: +234 8142478829, +234 8052601713, +234 8023229210

Website: www.greatnigeriaplc.com

See Also: Top 10 Richest Men in the world and their businesses

18. Zenith General Insurance Company Limited

Zenith is another leading insurance institution in Nigeria. Their product ranges from corporate to personal and travel insurance. Zenith is committed to giving peace of mind and creating values to people in a world of uncertainties.

Address: 13/14th floor, Civic Towers, Ozumba Mbadiwe Avenue, Eti-Osa, Lagos.

Tel: (+234) 0127811771, (+234) 012783421, (+234) 01 2783411

Website: www.zenithinsurance.com.ng

19. Sterling Assurance Plc

Sterling Assurance Plc was established in 1990 and offers all classes of general coverage. Importantly, their products are backed up by highly profiled reinsurance organisation like General Insurance Corporation of India (GIC), Africa Re, Continental Re, etc. Also, the company’s product includes: Fire and Special Perils, Burglary and House, Motor, Money Insurance and many more.

Address: 284, Ikorodu Road, Anthony, Lagos, Nigeria

Tel: 08150643531-2, 08178000222, 08178000333, 08178000444

Website: www.sterlingassure.com

See Also: Top 10 richest entrepreneurs in Nigeria

20. Law Union And Rock

Law Union and Rock pride in their experienced underwriters and automated processes. Another thing that sets them apart is their partnership with re-insurers who give them the assurance they need to underwrite risks.

Address: Law Union House, 14, Hughes Avenue, Yaba, 1000001, Lagos, Nigeria

Tel:  09036000066

Website: www.lawunioninsurance.com

See Also: Top Ten Nigerian Start-ups solving Africa’s problems

21. FBN Insurance Ltd

A company licensed to transact general insurance business in Nigeria. The company is jointly owned by FBN Holdings Plc and the Sanlam Group. They provide coverage for both individuals and corporates alike.

Head Office: 298, Ikorodu Road, Anthony b/stop, Lagos, Nigeria.

Tel: +234 1 9054810

Website: www.fbngeneralinsurance.com

22. Standard Alliance Insurance Company Limited

Standard Alliance is licensed by the National Insurance Commission (NAICON) to transact general and special risk business. The company got registered as a private limited liability company in July, 1981 under the name Jubilee Insurance Company Ltd. Their product covers, aviation, bonds, goods in transit and machinery breakdown as well.

Address: Plot 1, block 94, Providence Street, Lekki Scheme 1, Lekki-Epe Expressway, Lagos.

Tel: 09055694301, 0700-6678-72623

Website: sainsuranceng.com

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