List of Insurance Companies in Nigeria – 2022

List of Insurance Companies in Nigeria – 2022

List of Insurance Companies in Nigeria – 2022

We are able to mainly hyperlink the inception of Insurance coverage in Nigeria to the arrival of British Buying and selling corporations. These corporations needed to handle the dangers related to their companies.

Due to this fact, they needed to set up insurance coverage companies that bought their licenses from overseas. These licenses enabled these firms to facilitate problem cowl and claims facilitation.

Throughout this period, the insurance coverage trade in Nigeria started to develop at a quick fee. However, in the course of the 1919s and 20s, it witnessed sluggish development due to the impression of the Second World Conflict.

Nevertheless, as soon as the conflict was over, the insurance coverage enterprise picked up and grew at a quicker fee.

In 1958, they established the primary indigenous firm in Nigeria. By October 1st, 1960, when Nigeria gained its independence, there have been about 4 ingeniously owned Insurance coverage Companies.


Ever since that point, the Insurance coverage Trade has been rising at a fast fee.

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Moreover, in 1997, the Federal Authorities of Nigeria created the Nationwide Insurance coverage Fee (NAICOM).

They saddle them with the duties of overseeing and organizing insurance coverage actions in Nigeria.

List of Insurance Companies in Nigeria – 2022

As of at this time, in keeping with NAICOM, there are a complete of 58 Insurance coverage firms in Nigeria.

Here’s a full record of all of the Insurance coverage Corporations in Nigeria.

List of Insurance Companies in Nigeria

  1. African Alliance Insurance Company Ltd
  2. AIICO Insurance Plc. 004
  3. Alliance & General Insurance Plc.
  5. Anchor Insurance Company Ltd
  6. ARM Life Plc.
  7. AXA Mansard Insurance plc.
  8. Capital Express Assurance Limited
  9. Consolidated Hallmark Insurance Plc.
  10. Continental Reinsurance Company Plc.
  11. Cornerstone Insurance Plc.
  12. Custodian & Allied Insurance Limited
  13. Custodian Life Assurance Limited
  14. FBN General Insurance Limited
  15. FBN Insurance Limited
  16. Fin Insurance Company Limited
  17. Great Nigeria Insurance Plc.
  18. Guinea Insurance Plc.
  19. Goldlink Insurance Plc.
  20. International Energy Insurance Plc.
  21. Industrial & General Insurance Plc.
  23. KBL Insurance Limited
  24. LASACO Assurance Plc.
  25. Law Union & Rock Insurance Plc.
  26. Leadway Assurance Company Limited
  27. Linkage Assurance Plc.
  28. Tangerine Life Insurance Ltd
  29. Mutual Benefits Assurance Plc.
  30. Mutual Benefits Life Assurance Ltd
  31. NEM Insurance Plc.
  32. NICON Insurance Plc.
  33. Niger Insurance plc.
  34. Nigeria Reinsurance Corporation
  35. Nigerian Agricultural Insurance Corporation
  36. NSIA Insurance Ltd
  37. Old Mutual Nigeria General Insurance Company Limited
  38. Old Mutual Nigeria Life Assurance Company Limited
  39. Prestige Assurance Plc.
  40. Prudential Zenith Life Assurance Company Limited
  41. Regency Alliance Insurance Plc.
  42. Royal Exchange Prudential Life
  43. Royal Exchange Prudential Life
  44. Unitrust Insurance Nigeria Limited
  45. Sovereign Trust Insurance Plc.
  46. STACO Insurance Plc.
  47. Standard Alliance Insurance Plc.
  48. Sterling Assurance Nigeria Ltd
  49. SUNU Assurance Plc.
  50. UNIC Insurance Plc.
  51. Universal Insurance Plc.
  52. Veritas Kapital Assurance Plc.
  53. Coronation Insurance
  54. Coronation Life Assurance Lt
  55. Zenith General Insurance Company Limited
  56. GOXI Micro insurance
  57. NOOR Takaful Plc.
  58. Cornerstone Takaful Insurance Co. Ltd

Conclusion: Through the years, the Insurance coverage trade in Nigeria has been rising from power to power. It’s secure to say that this trade is one with many potentials that will likely be uncovered in time.

About Muhammed Jamiu 3060 Articles
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