AIICO Insurance Plc is one of the top life insurers in Nigeria. Conclusion The insurance companies up there are all reliable and over the years, they have remained operative in the Nigerian insurance industry. Top Ten Insurance Companies in Nigeria and their Policies. They began operation under the name Yorkshire Insurance Company. Health insurance in Nigeria can be seen as a program which helps protect you against having to pay medical expenses in the event of falling ill or an occurrence of getting involved in an accident. Just the best from top insurance companies in Nigeria. Next on the list of top insurance company in Nigeria is Royal Exchange General Insurance Ltd. There are many insurance companies in Nigeria; each one of them with their different packages and policies which they use to attract customers to buy their policies. Unforeseen events like theft, fire outbreak, motor vehicle accident, health issues e.t.c are taking care of by insurances companies. 64469 likes. 5 Best Back To School Gadgets For Students In 2021, 5 Best Accessories And Gadgets For Your Office Desk In 2021, 5 Best Fireplace Accessories And Tools In 2021, 5 Best New Desktop Gadgets To Buy In 2021, 5 Best 4K Monitors To Buy On A Budget In 2021, 7 Best MSI Laptops To Buy For Gaming In 2021, 5 Best Christmas Gifts For Travelers In Your Life In 2021, 5 Best Headphones For Flights, Road Trips In 2021, Factors to consider when selecting an Insurance company. Hope you do find this list of the best and top Insurance Companies in Nigeria useful. What do clients say about the insurance companies? This is one highly reputable company which is renowned for its efficient service delivery and prompt payment in cases of damages. MTN Nigeria is responsible for one-third of the company’s revenue. Today, African Alliance Insurance Plc drives innovation in the 21st century and uniquely positions itself to offer premium value to all its stakeholders, from its esteemed customers to its employees, partners and shareholders. This list will cover ten reputable insurance companies, In choosing an insurance company, a lot of factors should come to play in mind. They just do all of them. The company was registered under the Companies Act of 1968. Aiico Insurance Plc. AXA Mansard was incorporated in 1989 as a private limited liability company and is registered as a composite company with the National Insurance Commission of Nigeria (NAICOM). There are many dogs looking for food in the name of insurance, so you better be careful so you don’t fall victim. What is the best health insurance for expats in Nigeria The best health insurance in Mexico for one expat might not be the best for you as everyone has different needs and criteria. Using criteria three to determine the best insurance company in Nigeria. If any business is going to succeed in the long run, then testimonials from satisfied customers are a must. The above insurance companies are a class apart! When you see a company that has lasted for over 20-years without failing, you just have to show some respect. The oldest insurance company in Nigeria (indigenous to Nigeria) was called African Insurance Company Limited. Accessibility Help. The below listed Insurance Companies offers services such as; Car Insurance, Mortgage Insurance, Life Assurance and some are Mortgage Adviser, etc. The last insurance company on my list is Custodian insurance. Custodian & Allied Insurance is a wholly owned Nigerian Company. Facebook Twitter Google+ LinkedIn StumbleUpon Tumblr Pinterest Reddit VKontakte Odnoklassniki Pocket. Backed by a strong capital base, first-class professionals and deployment of modern technology, the company quickly established a reputation for exceptional competence. Great Nigeria House. It may sound not so nice, but that’s good for you. Insurance refers to a mechanism that future proofs an individual or an organization from having to bear the full burden of unforeseen negative events that requires finances to correct. Cornerstone insurance has noised themselves as one of the best insurance companies in Nigeria and many of their customers agree to this. The organization was established to conduct Insurance business in a professional, ethical and customer-focused manner and has remained committed to these values over the years. They are undoubtedly one of the best insurance companies in Nigeria. It obtained the license to transact the non-Life Reinsurance business on December 10, 1986. This insurance company has carved a niche for themselves in the few years they’ve operated in the country. Royal Exchange General Insurance Company Limited. This company has a capital base of N3 billion. Despite the enticing ads, you should understand that the prices given would determine the coverage you end up getting. Top 10 Insurance Companies In Nigeria 2019. There are a lot of factors that come into consideration when deciding the best insurance company to patronize. The ones we have listed here are certified by the government. The Company, then known as Lagos State Assurance Company Limited obtained License as an Insurer on 7th July 1980 and commenced business operations on 1st of August 1980. In January, 1987 Continental re-insurance started business as an insurance company. CAIL’s sole purpose is to develop, package and deliver innovative insurance products that best satisfy customer needs, whilst operating a highly profitable, efficient, resourceful and ethical organization that will survive well into the future and be a valuable asset to its shareholders. Log In: Forgot account? Goldlink Insurance Plc was incorporated on 15th April, 1992 as a Private Limited Liability Company and granted licence to operate as a full-fledged insurance company on 8th September, 1993. Consolidated Hallmark Insurance Plc. But despite having a huge … The company also provides coverage for emergency … This company was the first to register with the Nigerian Health Insurance Scheme (NHIS) and this was in 2005. They might not be the best in terms of advert and marketing, but they always leave their customers satisfied. Save my name, email, and website in this browser for the next time I comment. Cornerstone is a dynamic insurance company, who offers services that are in line with modern realities. The Company is licensed and re-certified by the National Insurance Commission (NAICOM) to do both General and Life businesses insurance. Insurance Company. This goes a long way to show that they have what it takes to provide their clients with top class insurance services. To save you from falling into the hands of illegal people, we have compile this list of insurance companies in Nigeria based on the following criteria; Continental re-insurance is an insurance company that was registered in 1985 as a professional reinsurance company. This is basically the most important factor for any insurance company to make this list. The group is a conglomerate of independently run businesses, operated according to the laws and regulations of many different countries. The future belongs to creators, says Rotimi Bankole as he launches SBI Media Workshop. Mrs. Cecilia Olapeju Osipitan. The few people that agreed to comment on African Alliance Insurance Company Ltd. Had good things to say about the company. 8, Omo-osagis Street Off Awolowo Road Ikoyi SWI, Lagos Life. Tags: best insurance company in nigeria 2019, insurance in nigeria, list of insurance companies in nigeria 2019, top 10 insurance companies in nigeria 2019, top 5 insurance companies in nigeria 2019, top insurance companies in nigeria 2019. Founded in 1970, LEADWAY offers insurance services in both Life and Pensions and General business. Mutual Benefits Assurance is among the best travel insurance company in Nigeria. If you have had any dealings with any from this list, feel free to share your experience with them in the comments below as we would all love to read them. Health insurance provides healthcare security, as well as covers the medical expenses of an insured patient. AIICO Insurance Plc is an insurance, pensions management, and asset management Group established in 1963. In addition, the outfit also focuses on general and special risks, life assurance, annuity and health insurance as well. African Alliance Insurance plc., Was officially incorporated on May 6, 1960 by the founders Chief S.L. AIICO with the largest balance sheet size, falls short in terms of net assets. Adic Insurance is a also a reputable insurance company that has good testimonials from her customers over the years. The company has plenty of branches in Nigeria which are all networked in a computerized manner. The best Insurance Company in Nigeria is HOGG ROBINSON Ilupeju,Ikorodu Road. Let’s find out. FBNInsurance. Office Address: 37, Ekotedo-Dugbe, Ibadan North, Oyo State. So my advice to you is that before you choose an insurance company, please know if its a registered one. READ ALSO: Army presents … In Nigeria, there are quite a number of insurance companies which makes it even harder to determine the best. 08056180300,08033073418. Based on the above, it appears Custodian and Allied Insurance is the largest Insurance Company quoted on the Nigerian Stock Exchange. Convincing a Nigerian to buy an insurance policy is not easy, but AXA MANSARD marketers will convince you with the mouth watering policies they have on offer. Depending on your needs, you should seek the coverage the company covers, its promptness and the special features that stand them out. AIICO Insurance Plc Prestige Insurance Ltd was founded in 1988. Also, the price factor should be put into consideration while picking a top insurance company in Nigeria. Edu (CON), Mr T. A. Braithwaite (CON) and Chief M.E.R. AIICO Insurance Nigeria Plc. Cornerstone is a dynamic insurance company, who offers services that are in line with modern realities. Insurance Companies in Nigeria – Ever heard the saying: “No one knows tomorrow”? A policy is a contract between the insurer(insurance company) and the insured(individual or organization), known as the policyholder, which determines the claims which the insurer is legally required to pay, In exchange for an initial payment, known as the premium, the insurer promises to pay for unforeseen negative events. How to Get a California Driver’s … Top Ten Insurance Companies in Nigeria and their Policies. Nestlé Nigeria ; Nestle Nigeria is one of the foremost food manufacturing and marketing companies in the country. Great Nigeria Life Assurance Ltd. vacant Great Nigeria House. If you are someone who is close to the media, you must have heard of Crusader Insurance Nigeria Plc. Established in 1963, AIICO Insurance Plc (NSE Ticker: “AIICO”) is an insurance, pensions management, and asset management Group in Nigeria with market-leading positions in its key business lines to Life assurance and annuity, General insurance and special risks, Pension management, Health insurance, and Asset management. Continental insurance is the private sector champion of the pan-African insurance industry. Finding out if an insurance company has enough grounds to stabilize despite economic pitfalls is very important. Cornerstone insurance has noised themselves as one of the best insurance companies in Nigeria and many of their customers agree to this. A lot of people have gotten burnt in the past as a result of dealing with the wrong insurance company. It is an insurance company in Nigeria that offers insurance and reinsurance. MTN Nigeria; MTN is a South African based multinational telecommunications company with a subsidiary in Nigeria. 34, Marina road-NIPOST Building Marina,, Lagos, Nigeria … However, it’s advisable that you check out the insurance plans offered by your chosen insurance company before eventually buying its service. Aiico Multi Shield Nigeria Limited AIICO had been ranked one of the best insurance companies in Nigeria (not only in the health insurance industry). It leads the market share in terms of Gross Premium and Net Assets. Insurance companies are companies that offer insurance service to an individual or an organization depending on the Policy agreed by both parties. Some may say good other have their negatives but none is perfect. Currently, AIICO is the 2nd largest insurance company in Nigeria. Nigerian Military Ranks – Army, Navy and Airforce, Airtel Family and Friends 2021: How to Add, Remove and View Numbers. A … From January 1987, the company began operating as a general insurer and in January 1990, they became a composite insurer, offering both treaty and facultative life and non-life reinsurance, with a well-diversified business mix and customer base. NIGER INSURANCE PLC They have been in operation since 1962. Yes, any company that is not registered in Nigeria is bound to be closed down. If an insurance company can not account for certain risks that are important, it is a red flag. The company provides varies of plans. The company’s track record will speak for itself and its capacity of bearing your unforeseen risks and paying the required amount as at when due. Custodian Insurance company is a registered company in Nigeria and boasts some good testimonials. Flood, Erosion, Hurricane: How can Insurance Help? The company is owned by Nigerians and is licensed to underwrite both Life and General Businesses which include Fire and Special Perils, Motor Insurance, Life & Pension, Oil & Gas, Travel Insurance and many others, with suitable policies to meet the needs of it’s customers. 6. TOP 20 BEST INSURANCE COMPANIES IN NIGERIA 2018. You have entered an incorrect email address! Related posts: Top 10 Insurance Companies in the World Best 15 internet […] RIC Number. The best Insurance Company in Nigeria is HOGG ROBINSON Ilupeju,Ikorodu Road. Buying an insurance policy for one reason or the other is never a bad idea; however, buying it from the wrong insurance company is a terrible idea. Cornerstone Insurance Plc. Jump to. The insurance company … This registered firm is one of Nigeria’s foremost insurance service providers, with a reputation for service efficiency and customer reliability. We’ve gotten all sorts of positive feedback from customers who do business with this company, so it’s one we can trust. Leadway Assurance company limited is another best insurance company in Lagos that offers insurance services in both life and pensions and general business. Aiico Insurance is one of the well recognised insurance companies in Nigeria. Consolidated Hallmark Insurance 6. Press alt + / to open this menu. Head Office Address: 121/123 Funso Williams Avenue, Iponri, Lagos … LEAD WAY Assurance company.. I can introduce you to their top pro broker with over 10 years experience Hogg Robinson is not an insurance company but an Insurance broker. LEADWAY also offers allied financial services like Bond, Secured Credit, Miscellaneous financial losses and Fund / Portfolio management. What has happened as a result? Insurance companies in Nigeria ranking. Health emergencies are bound to happen and to help lessen the adverse effect we need to have access to to a quality health insurance. I can introduce you to their top pro broker with over 10 years experience 1 Like A health insurance company accounts for the health risk of clients insured under it. That statement is the reason why we have insurance companies in the world today. Which Insurance company provides the best comprehensive car insurance in Nigeria? African alliance insurance company Ltd is duly registered in Nigeria and has been operating successfully over the years. To enjoy this health insurance service, register with an accredited health insurance company and remit some money on a monthly basis, depending on the health plan. Insurance business in Nigeria has begun its development long before it received political independence. How Do 0333 Numbers Improve Your Phone Experience? Book appointments on Facebook with Insurance Company in Igbo, Lagos, Nigeria. In readiness for listing on the Nigerian Stock Exchange (NSE), Goldlink converted to a Public Liability Company on 11th May, 2007 and was listed on the NSE by way of introduction on 12th February, 2008. The company is noted for keeping the promises it makes to customers while selling their policies. It seems true that in order to understand all the modern tendencies on the insurance market, you should inquire into its development and progress since its conception. Also Related: Top 11 Asset Management Companies In Nigeria. This reason isn’t hinged on the fact that there are many insurance companies in Nigeria. These are the guys I can absolutely vouch for, however, there are other numerous Insurance companies in Nigeria which are also good, but then, only ten can be in a top ten! Therefore, to pick the right insurance company, to secure you Healthwise, property-wise, security-wise, profit-wise … The Factors to consider are as follows. Facebook. was Incorporated on 26th July 1991 as a private limited liability company and became a Public Limited Liability, quoted on the Nigerian Stock Exchange in 1997. The company has properly been registered in Nigeria and boasts of good customer testimonials. Their subsidiaries included general insurance, prudential life, finance and asset management, health care, and micro-finance. The Insurance Policy offers the business owner the choice of selecting some or all of the insurance plans that meets the need of their business. The company is properly registered in Nigeria. It is of the top insurance companies in the country its key focus on, General insurance and special risks, Life assurance and annuity, Health insurance, Asset management, and Pension management. The challenge actually lies in the fact that insurance companies in Nigeria are not very popular, it’s very difficult for you to see adverts of advertisement companies in Nigeria, owing to the fact that most Nigerians do not value them. Lasaco Assurance Plc is a composite insurance and financial services company incorporated on 20th of December 1979 under the Companies Decree of 1968. Since then, it has traveled a long evolutionary path 1. General. Since then, the company has been doing wonderfully well as a reputable insurance company in the country. Seek for reviews on the internet and word of mouth before settling to work with an insurance company. They are simply the best with excellent packages you wouldn't even imagin! Searching for the complete list of insurance companies in Nigeria? In this article, I am going to be listing factors to consider when selecting an Insurance company and I am also going to be making a comprehensive list of insurance companies that have over the years shown high credibility in their dealings, making themselves commendable with their different policies package. General ( business/ tourism) protection plan. Highly Computerized operation that enhances efficiency. Standard Alliance Insurance PLC is a high-profile, technology and customer oriented company conceived to be among the best insurance companies in Nigeria in both product and service … The company is properly registered in Nigeria. They have also created sound … In order to avoid making mistakes of this nature, it is better to take your time and do some proper investigation before settling for an insurance company. Well recognised insurance companies simply the best insurance company in Nigeria and asset management, and micro-finance wonderfully as. 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