List of Top 15 Best Insurance Companies In Nigeria
In Nigeria alone, we’ve got thousands of insurance companies so it quite difficult to rate how best they are, So, when it comes to choosing the best insurance companies to insured your things, there are some things we you have to look into, like how reliable they are, integrity, and how quick they response.
My advice for you is that, before buying any insurance form from any company be sure they have a well reputable and also well known to people. So you could get the necessary information from them. The list of best Insurance Company is about to dish out to you are considered to be among the best insurance in Nigeria.
Further investigations about them should be carried out before dealing them.
1. Acen Insurance Company
They deal with issuing life and non-life policies.
2. Adic Insurance
They deal with personal, home, car and life insurance in Nigeria.
3. African Alliance Insurance Company Ltd.
African Alliance Insurance Company Ltd. is a well-known company in Nigeria on its excellent reputation.
4. Aiico Insurance Plc
Aiico is a Life Insurer company in Nigeria and a major player in General Insurance business.
5. Guaranty Trust Assurance Plc
GTA is a great insurance company in Nigeria for been perpetrated to the provision of excellent service. They benchmark their activities at every level against global best practices. The company has engaged the services of two (2) of the leading reinsurance companies on the African continent – Africa Reinsurance Corporation and Munich Re Mauritius.
6. Industrial And General Insurance Plc (IGI)
When you are inspired to conquer new frontiers in life and business, you need the reliable backup of a dependable, forward-thinking and world-class insurance partner that will never let you down. That must be Industrial And General Insurance Company Plc (IGI).
7. Zenith Assurance Company
Zenith Life Assurance Company is a member organization of the Zenith Bank Group which are well capitalized to the tune of N2 billion in line with the recapitalization requirements of NAICOM.
5. A&G Insurance
A&G Insurance is ready to couple 20 years existence and safety of an underwriting company with the efficiency and innovation of the next generation risks and financial solutions provider.
6. Consolidated Hallmark Insurance
Consolidated Hallmark Insurance Plc is a technology-driven and customer oriented organization invented by its stakeholders to be among the first five risk underwriters in Nigeria within a short period.
7. Continental Reinsurance
Continental was designated in 1985 as a trained reinsurance company under the Companies Act 1968 and obtained license to transact Non-Life Reinsurance business on December 10, 1986. It commenced business in January 1987. Life Reassurance business was launched in January 1990, the requisite license having been obtained in September 1989. In 1999, Continental Reinsurance was converted to a Public Limited Company (PLC).
8.LASACO Assurance Plc
LASACO Assurance Plc (LASACO) was organized on 20th December 1979 under the Companies Decree of 1968 and was given License to operate the business of insurance and other related company on 7th July 1980.
8. Cornerstone Insurance PLC
Cornerstone is a vibrant company, offering services in line with the modernized method. The Company was at inception registered to undertake some classes of insurance business.
9. Niger Insurance Plc
Niger Insurance Plc was established in 1962 as a Specialist Life Company, under the name. The public cited Composite Insurance Company, currently operates with an asset base more than N21 billion and a fully paid-up share capital of N2,868,307,000.
9. Crusader Insurance Plc
Crusader insurance (Nigeria) Plc is a famous insurance company in Nigeria, having a good reputation renowned for its excellent service delivery and prompt claims settlement. It is full of computerization and a crop of qualified and highly competent staff back up its operations.
10. Custodian Insurance Plc
Was Rated among the top best insurance company in Nigeria, Custodian Insurance company stands out among the competition.
11. Equity Life Insurance Co. Ltd
It was Once called First Nigeria Insurance Company Limited, Equity Life insurance was consolidated on the 10th of November 1983 and was licensed as Life Specialist Company to transact life and pension business. Equity Life Insurance began operations on the 2nd October 1989 and still doing great in the industry.
12. Nigeria Deposit Insurance Corporation (NDIC)
Nigeria Deposit Insurance Corporation (NDIC) has its genesis in the report of a board set up in 1983 by the Board of the Central Bank of Nigeria (CBN), to check the operations of the banking system in Nigeria.
13. Mutual Benefit Assurance Plc
Mutual Benefits Assurance Plc is one of the 48 recertified underwriting organizations in the country, has taken stock of its activities lately reaffirming that it has expanded its operations even beyond the Nigerian business environment. Mutual Benefit Assurance has four subsidiaries in the country together with an insurance firm in Liberia.
14. Oasis Insurance Plc
Oasis is an authorized composite insurance company that underwrites all classes of life and non-life insurance businesses with an authorized capital of N3billion and paid up share capital of N545 million.
15. Standard Trust Assurance Plc (STACO)
Standard Alliance Insurance PLC is a great modernize and customer oriented company formulated to be one of the best insurance companies in Nigeria in both product and service delivery