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Top 15 Insurance Companies in Nigeria

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Insurance companies in Nigeria

Top 15 Insurance Companies in Nigeria

Insurance is a service that helps to protect yourself, your business, and your family against unexpected or unplanned events.
Although you might not plan or prepare for some unfortunate event to occur, they usually do. This is why you need insurance to cover your losses when such incidents occur.
Therefore, to help safeguard your family, businesses, and yourself against potential risks, we have compiled a list of some of the best insurance companies in Nigeria.

Top Insurance Companies in Nigeria you should know

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AIICO Insurance Plc

AIICO insurance is one of the best in the Nigerian Insurance Industry. The company was created in the year 1963, and they have since moved up the ladder of the insurance industry to be one of the most trusted. Furthermore, they focus mainly on Life assurance, General Insurance, special risks, Asset Management, Health, and pension management.

AXA Mansard Insurance

AXA Mansard is a part of the AXA Group. They are one of the top leaders worldwide in asset management and insurance with well over 160,000 staff. Furthermore, they serve over 107 million clients in over 60 countries.

Leadway Assurance Company

Leadway Assurance was established in the year 1970, and ever since then, they have become one of the leading names in the insurance business. They major in business, life, and pension insurance. In addition to these services, they also offer allied financial services. This includes credit bonds, portfolio management, and miscellaneous and financial losses.

Cornerstone Insurance Plc

Cornerstone Insurance was created in 1991 as a private limited liability company. However, in the year 1997, it became a Public Limited Liability company. They’re a dedicated insurance company and put their customer’s needs first in all situations.

African Alliance Insurance Plc

AAI was established in the year 1960, and since then they have built an outstanding reputation for itself in the insurance industry. Their general focus is on insurance products that are tailored to meet clients’ needs.
Some of their policies are investment insurance plans, Group life Assurance, Annuity assurance, etc.

Niger Insurance Plc

Niger Insurance is a fully automated insurance company. They focus generally on all types of insurance and offer a wide range of customer-oriented and innovative services.
They have a highly competent management team geared to create one of the best customer service experiences for clients.

Lasaco Assurance Plc

Lasaco is a financial service and composite insurance established in December 1979. Lasaco is an acronym for Lagos State Assurance Company Limited.
They obtained their license to operate as an insurance company in Nigeria in the year 1980. Lasaco’s major focus is on General Insurance, Life Insurance, and online payment.

Nicon Insurance

NICON is one of Africa’s best insurance companies. They were previously owned by the Federal Government of Nigeria, to assist in developing the insurance sector. Although in 2005, it became a privately owned company.
Their offices are located in all 36 states of the country. Most importantly, their policies are tailored to meet the insurance needs of their clients.

Anchor Insurance

Anchor Insurance is one of the leading insurance firms in Nigeria. They were registered by NAICOM in 1989 and they started operations the same year.
Anchor Insurance focuses on General Business Insurance. Anchor Insurance has gained credit from people because of the way they prioritize its customers.

Goldlink Insurance

Goldlink Insurance was established on 15th April 1992 as a Private Limited Liability Company. However, it became fully operational as an insurance company in 1993.
As a result of Goldlink’s dogged commitment, they have been able to make a name for themselves in the insurance industry. Goldlink specializes in General Business, Life, Motor, and Travel insurance

Custodian and allied insurance

Custodian and Allied Insurance is a self-owned insurance company with the aim to cover its customer’s innovative insurance needs. They believe their services will help guarantee customer satisfaction. Furthermore, they offer a wide range of insurance plans tailored to meet customer needs.

Consolidated Hallmark Insurance

CHI Plc also known as Consolidated Hallmark Insurance is one of the best Insurance givers in Nigeria. Their aim is to change the way people view insurance in Nigeria.
CHI Plc. seeks to achieve this through the help of technology and the professionals they have on board. Consolidated Hallmark has several insurance offerings tailored to meet client needs.

FBN Insurance

First Bank of Nigeria Insurance is a child company of the First Bank of Nigeria. FBN insurance is mainly a life insurance outfit aimed at providing coverage for individuals and corporate organizations.
FBN Insurance products are designed to basically help their customers enjoy the peace of life that comes from managing everyday risks.

NEM Insurance

NEM Insurance has been around for many years. They first started out in Nigeria as Edward Turner and co. However, they merged with Vigilant Insurance Company in 2007 to transact all forms of general insurance.
Over the years, they have expanded their operations to most countries in the West African sub-region. NEM insurance focuses on general insurance and special risks.

Mutual Benefits Assurance Plc

Mutual Assurance over the years has strengthened to be one of the most trusted insurance brands in Nigeria. They are mainly an organization with an interest in different sectors of the Nigerian economy.
They have over 3,000 employees and a customer base of 250,000.


It is important to note that insurance is a sure way to secure yourself against potential risks. Therefore, you can leverage any of the insurance companies listed in this article to provide coverage for yourself, your business, your family, and property against any unexpected event.

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