There are a lot of insurance companies in Nigeria. In this post, we are going to discuss the top 10 insurance companies in Nigeria.
Leadway Assurance Company Limited.
Leadway Assurance Company Limited is an insurance company in Nigeria. It is a subsidiary of Leadway Holdings Plc, which was incorporated in 1990 as a public limited liability company. The headquarters of Leadway Assurance Company Limited is located at Lagos, Nigeria.
British American Insurance Company.
British American Insurance Company is one of the best insurance companies in Nigeria, with a wide range of products to offer. It is a subsidiary of British American Tobacco, which has been operating in Nigeria since 1966. The company offers insurance policies for individuals, businesses and institutions such as government departments and agencies. It also provides cover for property damage caused by fire or theft; motor vehicle accidents; medical expenses arising from injuries sustained in an accident; personal liability claims made against you as a result of negligence or breach of contract (for example if someone slips on ice caused by your negligence).
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Cornerstone Insurance Plc.
Cornerstone Insurance Plc is one of the leading insurance companies in Nigeria. It is a subsidiary of Cornerstone Insurance Holdings Limited, a company listed on the Nigeria Stock Exchange (NSE).
Cornerstone offers a wide range of products based on its core values: providing superior customer service; being innovative and flexible; delivering value for money; focusing on quality assurance; creating competitive advantage through effective management systems; ensuring environmental sustainability by maintaining safe operations and protecting natural resources while promoting occupational health & safety
Lasaco Assurance Plc
Lasaco Assurance Plc is one of the leading insurance companies in Nigeria. It was established in 1956, and it’s a subsidiary of the Zenith Bank Group. The company operates in the life assurance, pensions and investments; general insurance; reinsurance sectors.
Lasaco Assurance Plc has been rated as an AAA-rated company by Fitch Ratings with stable outlook (2018).
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Industrial and General Insurance Plc.
Industrial and General Insurance Plc is one of the leading insurance companies in Nigeria. It has a strong presence in Nigeria, Ghana, South Africa and the United Kingdom.
The company provides insurance products for individuals, businesses and organizations.
Zenith General Insurance.
Zenith General Insurance is a subsidiary of Zenith Bank Plc. It was established in January 2015, with the aim of providing the best insurance products and services to its customers. The company has been rated A+ by the Nigerian Insurance Regulatory Commission (NIREC).
Law Union & Rock Insurance Plc.
Law Union & Rock Insurance Plc. is an insurance company that was founded in 1976. It’s a subsidiary of UBA Plc., which is one of Nigeria’s largest banks, with a market capitalization of NGN 18.07 billion (USD 68 million).
Sovereign Trust Insurance Plc.
Sovereign Trust Insurance Plc. was founded in 1996, and it is a subsidiary of United Bank for Africa (UBA). The company is a multi-line insurance company that provides its customers with general insurance and life insurance products. Their headquarters are located in Lagos, Nigeria.
Custodian and Allied Plc.
Custodian and Allied Plc. is a Nigerian insurance company with headquarters in Lagos, Nigeria. It was founded in 1975 and has since grown to become one of the leading insurance companies in Nigeria. Their products include life and non-life, health, property and marine insurances.
Custodian offers various insurance products including:
Life Insurance – This provides financial protection against premature death through payouts upon death or during critical illness such as heart attack or stroke;
Health Insurance – This covers treatment costs incurred at hospitals by policyholders who suffer from chronic illnesses such as diabetes mellitus (DM) hypertension etc.;
Property Insurance – Protects against losses sustained due to damage resulting from fire theft burglary vandalism malicious mischief volcanic eruption earthquake flood storm surge cyclone tidal wave typhoon tsunami avalanche landslip avalanche mudslide rockfall avalanche snow slide landslide earth tremor earth quake earthquake blast blast wave impact shock vibration impact concussion concussive force impact blast wave pressure wave overpressure pressure change overpressure change air pressure air flow velocity wind speed wind velocity wind speed gusts hurricane tornado twister tornado cyclone tropical cyclone monsoon rainfall precipitation rain snow sleet hail lightning storm thunderstorm lightning flash flood inundation rising tide rising water level high tide low tide low water level high tide low tide spring tide neap tides ebb tides ebbing flood recession recession receding recession outflow inflow inflow inflow discharge discharge outflow outflow discharge discharge
Consolidated Hallmark Insurance Plc.
Consolidated Hallmark Insurance Plc is one of the biggest insurance companies in Nigeria. It was established in 1990 and has been operating ever since. The company offers a wide range of products, including life, health and general insurance policies. It also provides banking services through its subsidiary company called Consolidated Bank Plc (CBN).
Consolidated Hallmark Insurance Plc has been recognized as one of the best insurance companies in Nigeria for its innovative products that meet customer needs effectively.
There are many insurance companies in Nigeria
There are many insurance companies in Nigeria, and each one offers a different type of insurance. For example, you can buy car insurance from one company, but not from another.
Some insurance companies provide services such as life or health coverage while others specialize in commercial property coverage or workers’ compensation insurance.
There are so many types of policies that can be purchased and sold by these institutions, it’s important to understand how they work before making your decision about which policy is right for you!