Top 10 Insurance Companies in Nigeria

2
43
 
Top 10 Insurance Companies in Nigeria
In Nigeria there are a lot of insurance companies that
provide various services to the public. Though insurance business has been
growing gradually and steadily in the country, there are loads of business still
to be done as there are many people who do not have any form of insurance
policy.
Several people do have insurance policies and do not
patronize insurance companies because of various reasons including:

They are not aware of what insurance
policies entail and what insurance companies offer. This has led to calls for
insurance companies to create more awareness of what they do and the policies
they offer especially at the grassroots to be able to get more people
patronizing them.
Some are skeptical of using insurance companies because they
believe they may take long to investigate claims which could lead to payment
being delayed for a long time.  This is
why it necessary for insurance companies to explain to its customers the
reasons why it could take some time for claims to be paid as well as the procedures
involved.
The ranking of the insurance companies is based on reviews
obtained from various publications online and offline.
10 AFRICA ALLIANCE
Africa Alliance insurance company was the first indigenous
insurance company to start the business of life insurance in Nigeria. The
company which was incorporated as a private limited company in 1960 was
initially set up in partnership with a German company called Munich Reinsurance
Company which provides technical support to Africa Alliance when needed.
9 MUTUAL BENEFITS
ASSURANCE
Mutual benefits assurance was incorporated as a private
limited liability company in April 1995 and started operation in October 1995.
Mutual benefits assurance is one of the leading brands in Nigeria with staff
strength of about 5000 employees and transacts life and general insurance
business.
8 NEM INSURANCE
 NEM insurance became
the Nigerian branch of NEM insurance Association limited of London in 1965
after it started business in Nigeria in 1948 through the agency of Edward Tuner&
Co.
 The company was mainly
into life and non- life business but since the period of recapitalization, the
company has merged with Vigilant insurance company ltd to engage in all types
of general insurance business
7 NIGER INSURANCE
Niger insurance first known as Yorkshire insurance was
established in 1962 as a specialist life company. Niger insurance is involved
in all forms of insurance business and provides numerous products and services
to its ever expanding customer base.
6
INDUSTRIAL&GENERAL INSURANCE (IGI)
IGI was incorporated as a liability company in 1991 and
started operation in 1992. IGI is the biggest insurance group in Nigeria as
well as the biggest underwriter in Africa. The company has about 45 branches
across Africa with representative’s offices in Washington DC and London.
5 CUSTODIAN &ALLIED
INSURANCE
Custodian is a fully owned Nigerian company and was set up to
provide and offer innovative products and packages to meet t customer needs.
4 ZENITH INSURANCE
Zenith insurance aims to be one of the best providers of
insurance services to the public. The company’s activities and operations are
fully computerized as they strive to develop products that suit the needs of
the people.
3 LEADWAY ASSURANCE
Leadway started operation in 1970 as a direct motor insurance
company. Leadway has gone on to offer insurance services such as life, general
business including property, pensions and other financial services as they
strive to satisfy their customers.
2 AIICO INSURANCE
Aiico was established in 1963 and is an asset management,
insurance and pension management group. They also offers services like health
insurance, life assurance and annuity and general insurance and special risks.
1 AXA MANSARD INSURANCE
Axa mansard was incorporated as a private liability company
in 1989. The company offers a lot of services including life and non-life
products, asset and investment management services, pension fund administration
and lots more. 


Never Miss An Update; Like Our Facebook Page, Follow Us On Twitter INSTAGRAM Channel. You can also ASK 247AMEND   Any Question Here


Bonus Adverts=> Get Your Ads, Text links,Product Reviews,Music/Videos & Movies  Review Ads, Sponsored contents and Guest post on 247amend for only $45 Per month–Contact us Here to make payment…With Subject Line>>Bonus ADS!! 



 

2 COMMENTS

Leave a Reply