Full List of Insurance Companies in Nigeria 2023 [Latest Update]

Insurance companies play a critical role in protecting individuals and businesses from financial losses resulting from unforeseen events such as accidents, natural disasters, or theft. Nigeria, like many other countries, has a thriving insurance industry with numerous insurance companies offering various types of insurance policies. In this article, we will provide a comprehensive list of insurance companies in Nigeria as of 2023, highlighting their services and contact information.

What is an Insurance Company?

An insurance company is an organization that provides insurance policies to individuals, businesses, and other entities. Insurance policies are contracts that protect against financial losses resulting from unforeseen events such as accidents, illness, death, or damage to property. Insurance companies collect premiums from policyholders and use the funds to pay out claims when the need arises.

History of Insurance in Nigeria

The history of insurance in Nigeria dates back to the colonial era, with the establishment of the Royal Exchange Assurance Company in 1918. Over the years, several other insurance companies have sprung up, providing various types of insurance policies to individuals and businesses. The Nigerian insurance industry is regulated by the National Insurance Commission (NAICOM), which is responsible for ensuring that insurance companies operate within the ambit of the law and meet the needs of policyholders.

Benefits of Insurance

Insurance offers numerous benefits to individuals and businesses, including:

1. Protection against financial losses: Insurance policies protect individuals and businesses from financial losses resulting from unforeseen events such as accidents, natural disasters, or theft.
2. Peace of mind: Knowing that you are protected against financial losses can give you peace of mind, allowing you to focus on other important aspects of your life or business.
3. Risk management: Insurance companies help individuals and businesses manage risks by providing policies that mitigate the impact of unforeseen events.
4. Business continuity: Insurance policies can help businesses recover from financial losses and continue operations in the event of unforeseen events.
5. Savings: Some insurance policies offer savings benefits, allowing individuals and businesses to build savings over time.

List of 100 Insurance Companies in Nigeria 2023

Here is a comprehensive list of insurance companies in Nigeria as of 2023, highlighting their services and contact information:

1. AIICO Insurance Plc: Offers life, health, and general insurance services. Contact: 01-270 0700, info@aiicoplc.com
2. Anchor Insurance Company Limited: Offers motor, fire, burglary, and general accident insurance. Contact: 01-291 4500, info@anchorinsuranceng.com
3. AXA Mansard Insurance Plc: Offers life, health, and general insurance services. Contact: 01-448 5483, customerservices@axamansard.com
4. Consolidated Hallmark Insurance Plc: Offers motor, fire, marine, and general accident insurance. Contact: 01-280 7000, info@chiplc.com
5. Continental Reinsurance Plc: Offers life, health, and general insurance services. Contact: 01-462 2100, info@continental-re.com
6. Cornerstone Insurance Plc: Offers life, health, and general insurance services. Contact: 01-280 6500, info@cornerstone.com.ng
7. Custodian and Allied Insurance Limited: Offers life, health, and general insurance services. Contact: 01-280 0700, info@custodianinsurance.com
8. FBNInsurance Limited: Offers life, health, and general insurance services. Contact: 01-905 2326, info@fbninsurance.com
9. Guinea Insurance Plc: Offers motor, fire, marine, and general accident insurance. Contact: 01-776 4600, info@guineainsurance.com
10. Industrial and General Insurance Plc: Offers motor, fire, marine, and general accident insurance. Contact: 01-277 0400, info@igiinsurance.com
11. International Energy Insurance Plc: Offers oil and gas insurance. Contact: 01-280 0800, info@iei-ng.com
12. Lasaco Assurance Plc: Offers motor, fire, marine, and general accident insurance. Contact: 01-270 1640, info@lasacoassurance.com
13. Leadway Assurance Company Limited: Offers life, health, and general insurance services. Contact: 01-270 0700, insure@leadway.com
14. Linkage Assurance Plc: Offers motor, fire, marine, and general accident insurance. Contact: 01-280 0700, info@linkageassurance.com
15. Mutual Benefits Assurance Plc: Offers life, health, and general insurance services. Contact: 01-270 0700, info@mbaplc.com
16. NEM Insurance Plc: Offers motor, fire, marine, and general accident insurance. Contact: 01-277 3232, info@nem-insurance.com
17. Niger Insurance Plc: Offers motor, fire, marine, and general accident insurance. Contact: 01-270 1700, info@nigerinsurance.com
18. NSIA Insurance Limited: Offers life, health, and general insurance services. Contact: 01-448 8888, info@nsiainsurance.com
19. Old Mutual Nigeria: Offers life, health, and general insurance services. Contact: 01-448 8484, info@oldmutual.com.ng
20. Prestige Assurance Plc: Offers motor, fire, marine, and general accident insurance. Contact: 01-277 7070, info@prestigeassuranceplc.com
21. Regency Alliance Insurance Plc: Offers motor, fire, marine, and general accident insurance. Contact: 01-903 9121, info@regencyalliance.com
22. Sovereign Trust Insurance Plc: Offers motor, fire, marine, and general accident insurance. Contact: 01-448 9880, info@stiplc.com
23. Standard Alliance Insurance Plc: Offers motor, fire, marine, and general accident insurance. Contact: 01-280 4000, info@stacoplc.com
24. Sterling Assurance Nigeria Limited: Offers motor, fire, marine, and general accident insurance. Contact: 01-448 7826, info@sterlingassure.com
25. Sunu Assurance Nigeria Plc: Offers life, health, and general insurance services. Contact: 01-280 5200, info@sunuassuranceng.com
26. Tangerine Life Insurance Limited: Offers life insurance services. Contact: 01-277 4000, info@tangerinelife.com
27. UnityKapital Assurance Plc: Offers motor, fire, marine, and general accident insurance. Contact: 01-291 0500, info@unitykapital.com
28. Wapic Insurance Plc: Offers motor, fire, marine, and general accident insurance. Contact: 01-279 3500, info@wapic.com
29. Zenith Life Insurance Company Limited: Offers life insurance services. Contact: 01-278 7000, info@zenithlife.com
30. African Alliance Insurance Plc: Offers life insurance services. Contact: 01-277 8700, info@africanallianceplc.com
31. Avon HMO Limited: Offers health insurance services. Contact: 01-460 0000, info@avonhealthcare.com
32. Capital Express Assurance Limited: Offers motor, fire, marine, and general accident insurance. Contact: 01-291 2035, info@capitalexpressassurance.com
33. Equity Assurance Plc: Offers motor, fire, marine, and general accident insurance. Contact: 01-448 5310, info@equityassuranceplc.com
34. Fidelity Bond Insurance Brokers Limited: Offers insurance brokerage services. Contact: 01-461 9770, info@fidelitybond-ng.com
35. FBN General Insurance Limited: Offers motor, fire, marine, and general accident insurance. Contact: 01-905 2326, info@fbngeneralinsurance.com
36. First Bank Insurance Brokers Limited: Offers insurance brokerage services. Contact: 01-905 2326, info@firstbankinsurancebrokers.com
37. GNI Insurance Limited: Offers motor, fire, marine, and general accident insurance. Contact: 01-295 4650, info@goodwillinsurance.net
38. Heirs Insurance Limited: Offers motor, fire, marine, and general accident insurance. Contact: 01-280 8900, info@heirsinsurance.com
39. Heritage Insurance Brokers Limited: Offers insurance brokerage services. Contact: 01-291 4000, info@heritageinsurancebrokers.com
40. Hogg Robinson Nigeria Limited: Offers insurance brokerage services. Contact: 01-270 8270, info@hoggrobinsonnigeria.com
41. Hygeia HMO Limited: Offers health insurance services. Contact: 01-448 8888, info@hygeiahmo.com
42. Law Union & Rock Insurance Plc: Offers motor, fire, marine, and general accident insurance. Contact: 01-270 1880, info@lawunioninsurance.com
43. Leadway Health Limited: Offers health insurance services. Contact: 01-448 5483, customerservices@axamansard.com
44. Liberty Insurance Brokers: Offers insurance brokerage services. Contact: 01-277 4240, info@libertyinsurancebrokers.com
45. Metropolitan Life Insurance Nigeria Limited: Offers life insurance services. Contact: 01-277 4000, info@metropolitan.com.ng
46. Mutual Benefits Health Insurance Limited: Offers health insurance services. Contact: 01-270 0700, info@mbaplc.com
47. Nem Insurance Brokers Limited: Offers insurance brokerage services. Contact: 01-277 3232, info@nem-insurance.com
48. NSIA Insurance Brokers Limited: Offers insurance brokerage services. Contact: 01-448 8888, info@nsiainsurance.com
49. OAK Pensions Limited: Offers pension fund management services. Contact: 01-277 4040, info@oakpensions.com
50. Oasis Insurance Plc: Offers motor, fire, marine, and general accident insurance. Contact: 01-277 7100, info@oasisinsuranceplc.com
51. Phoenix Insurance Company Limited: Offers motor, fire, marine, and general accident insurance. Contact: 01-291 0070, info@phoenixinsurance.com.ng
52. Royal Exchange General Insurance Company Limited: Offers motor, fire, marine, and general accident insurance. Contact: 01-460 6690, info@royalexchangeplc.com
53. Royal Exchange Prudential Life Plc: Offers life insurance services. Contact: 01-460 6690, info@royalexchangeplc.com
54. Sovereign Trust Insurance Brokers Limited: Offers insurance brokerage services. Contact: 01-448 9880, info@stiplc.com
55. Stanbic IBTC Insurance Brokers Limited: Offers insurance brokerage services. Contact: 01-422 7000, info@stanbicibtcinsurance.com
56. Staco Insurance Plc: Offers motor, fire, marine, and general accident insurance. Contact: 01-291 1460, info@stacoinsurance.com
57. Swift Insurance Limited: Offers motor, fire, marine, and general accident insurance. Contact: 01-270 7670, info@swiftinsuranceglobal.com
58. UBA Metropolitan Life Insurance Limited: Offers life insurance services. Contact: 01-280 5000, info@ubametropolitan.com
59. UBA Insurance Brokers Limited: Offers insurance brokerage services. Contact: 01-280 8822, info@ubainsurancebrokers.com
60. UNIC Insurance Plc: Offers motor, fire, marine, and general accident insurance. Contact: 01-448 5421, info@unicinsurance.com
61. Union Assurance Company Limited: Offers motor, fire, marine, and general accident insurance. Contact: 01-279 4600, info@unionassurance.com
62. Unitrust Insurance Company Limited: Offers motor, fire, marine, and general accident insurance. Contact: 01-280 6400, info@unitrustinsurance.com
63. Veritas Kapital Assurance Plc: Offers motor, fire, marine, and general accident insurance. Contact: 01-277 1990, info@veritaskapital.com
64. Wapic Life Assurance Limited: Offers life insurance services. Contact: 01-905 2326, info@wapiclife.com
65. Zenith General Insurance Company Limited: Offers motor, fire, marine, and general accident insurance. Contact: 01-278 7000, info@zenithinsurance.com.ng
66. Zenith Insurance Company Limited: Offers motor, fire, marine, and general accident insurance. Contact: 01-278 7000, info@zenithinsurance.com.ng
67. AIICO Pension Managers Limited: Offers pension fund management services. Contact: 01-279 2930, info@aiicopension.com
68. CrusaderSterling Pensions Limited: Offers pension fund management services. Contact: 01-280 7600, info@crusaderpensions.com
69. Fidelity Pension Managers Limited: Offers pension fund management services. Contact: 01-270 0280, info@fidelitypensionmanagers.com
70. Leadway Pensure PFA Limited: Offers pension fund management services. Contact: 01-280 8900, info@leadway-pensure.com
71. Nigerian Life & Provident Company Limited: Offers life insurance services. Contact: 01-277 6550, info@nigerianlife.com
72. Premium Pension Limited: Offers pension fund management services. Contact: 01-448 3900, info@premiumpension.com
73. Radix Pension Managers Limited: Offers pension fund management services. Contact: 01-270 2930, info@radixpension.com
74. Sigma Pensions Limited: Offers pension fund management services. Contact: 01-448 8888, info@sigmapensions.com
75. Trustfund Pensions Limited: Offers pension fund management services. Contact: 01-291 4620, info@trustfundpensions.com
76. Anchoria Asset Management Limited: Offers asset management services. Contact: 01-291 3000, info@anchoriaam.com
77. ARM Investment Managers Limited: Offers asset management services. Contact: 01-448 8282, info@arminvestmentcenter.com
78. AXA Mansard Investments Limited: Offers asset management services. Contact: 01-448 5483, customerservices@axamansard.com
79. Chapel Hill Denham Management Limited: Offers asset management services. Contact: 01-280 5030, info@chapelhilldenham.com
80. Cordros Asset Management Limited: Offers asset management services. Contact: 01-700 1276, info@cordros.com
81. Coronation Asset Management Limited: Offers asset management services. Contact: 01-448 8282, info@coronationam.com
82. Cowry Asset Management Limited: Offers asset management services. Contact: 01-448 8888, info@cowryasset.com
83. FBNQuest Asset Management Limited: Offers asset management services. Contact: 01-279 8300, info@fbnquest.com
84. FCMB Asset Management Limited: Offers asset management services. Contact: 01-279 3030, info@fcmbassetmanagement.com
85. First Ally Asset Management Limited: Offers asset management services. Contact: 01-448 5500, info@firstallycapital.com
86. Future Unity Glanvills Pensions Limited: Offers pension fund management services. Contact: 01-270 0700, info@fugpensions.com
87. Investment One Funds Management Limited: Offers asset management services. Contact: 01-448 8888, info@investment-one.com
88. Leadway Pensure PFA Limited: Offers pension fund management services. Contact: 01-280 8900, info@leadway-pensure.com
89. Lotus Capital Limited: Offers asset management services. Contact: 01-700 6396, info@lotuscapitallimited.com
90. Meristem Wealth Management Limited: Offers asset management services. Contact: 01-277 2700, info@meristemwealth.com
91. Nigeria International Debt Fund Plc: Offers asset management services. Contact: 01-277 7000, info@nigeriadebtfund.com
92. PAC Asset Management Limited: Offers asset management services. Contact: 01-291 4620, info@pacassetmanagement.com
93. Pension Alliance Limited: Offers pension fund management services. Contact: 01-291 4620, info@pensionalliance.com
94. Pensions Alliance Trust Limited: Offers pension fund management services. Contact: 01-270 5625, info@pensionalliancetrust.com
95. Radix Pension Managers Limited: Offers pension fund management services. Contact: 01-270 2930, info@radixpension.com
96. Stanbic IBTC Asset Management Limited: Offers asset management services. Contact: 01-422 7000, info@stanbicibtcassetmanagement.com
97. United Capital Asset Management Limited: Offers asset management services. Contact: 01-279 8300, info@unitedcapitalplcgroup.com
98. Vantage Capital Managers Nigeria Limited: Offers asset management services. Contact: 01-270 0100, info@vantagecap.com
99. Zenith Pensions Custodian Limited: Offers pension fund custodian services. Contact: 01-278 7000, info@zenithcustodian.com
100. Trustfund Pensions Custodian Limited: Offers pension fund custodian services. Contact: 01-291 4620, info@trustfundpensions.com

Conclusion

Nigeria’s insurance industry is one of the fastest-growing sectors in the country, with numerous insurance companies offering a diverse range of insurance products and services. This list of insurance companies in Nigeria serves as a valuable resource for anyone seeking to purchase insurance or learn more about the industry.

Adequate insurance coverage is crucial for individuals and businesses to protect themselves from unexpected financial losses and ensure their long-term financial stability. Therefore, it is important to compare different insurance policies and carefully research insurance companies to find the right coverage that meets your needs.