LIST OF INSURANCE COMPANIES IN NIGERIA LATEST UPDATE

What Is Insurance?

Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients’ risks to make payments more affordable for the insured.

Insurance policies are used to hedge against the risk of financial losses, both big and small, that may result from damage to the insured or her property, or from liability for damage or injury caused to a third party.

How Insurance Works

There is a multitude of different types of insurance policies available, and virtually any individual or business can find an insurance company willing to insure them—for a price. The most common types of personal insurance policies are auto, health, homeowners, and life. Most individuals in the United States have at least one of these types of insurance, and car insurance is required by law.

Businesses require special types of insurance policies that insure against specific types of risks faced by a particular business. For example, a fast-food restaurant needs a policy that covers damage or injury that occurs as a result of cooking with a deep fryer. An auto dealer is not subject to this type of risk but does require coverage for damage or injury that could occur during test drives.

There are also insurance policies available for very specific needs, such as kidnap and ransom (K&R), medical malpractice, and professional liability insurance, also known as errors and omissions insurance.

Insurance Policy Components

When choosing a policy, it is important to understand how insurance works.

A firm understanding of these concepts goes a long way in helping you choose the policy that best suits your needs. For instance, whole life insurance may or may not be the right type of life insurance for you. There are three components of any type of insurance (premium, policy limit, and deductible) that are crucial.

LIST OF INSURANCE COMPANIES

S/N NAMES OF COMPANIES RIC NO ADDRESS
1 African Alliance Insurance Company Ltd 002 54, Awolowo Road, Ikoyi
2 AIICO Insurance Plc 004 Plot PC 12 Church Gate Street Victoria Island Lagos
3 Alliance & General Insurance Plc 001 A&G Tower. 12 Abibu Oki street Off Marina, Lagos.
4 ALLIANZ NIGERIA INSURANCE PLC 044 307 Adeola Odeku Street, Victoria Island Lagos
5 Anchor Insurance Company Ltd 005 Plot 5A, Ayo Jagun Street, Lekki Phase 1 Lagos
6 ARM Life Plc 012 22 Funsho Williams Avenue, Alaka, Surulere, Lagos
7 AXA Mansard Insurance plc 016 Santa Clara Court, Plot 1412 Ahmadu Bello Way, Victoria  Island Lagos
8 Capital Express Assurance Limited 006 Capital Express House
13 Bishop Kale Close
Behind Saka Tinubu Street
Off Kasamu Ekemode Street
Victoria Island, Lagos.
9 Consolidated Hallmark Insurance Plc 007 266 MOSHOOD ABIOLA WAY, FORMALLY KNOWN IKORODU ROAD, OBANIKORO LAGOS
10 Continental Reinsurance Company Plc RRC’001  
11 Cornerstone Insurance Plc 008 21, Water Corporation Drive,
Off Ligali Ayorinde Street,
Victoria Island,
Lagos.
12 Custodian & Allied Insurance Limited 010 16A, Commercial Avenue, Sabo, Yaba, Lagos.
13 Custodian Life Assurance Limited 010 16A, Commercial Avenue, Sabo, Yaba, Lagos.
14 FBN General Insurance Limited 031 Oasis House. 298 Ikorodu Road P.M.B 21170 Ikeja Lagos
15 FBN Insurance Limited 050 34, Marina Street, Old NIPOST Building Lagos
16 Fin Insurance Company Limited 047 No. 34 Gana Street, Maitama FCT Abuja
17 Great Nigeria Insurance Plc 014 Great Nigeria House. 8, Omo-osagis Street Off Awolowo Road Ikoyi SWI, Lagos
18 Guinea Insurance Plc 017 No.33,Ikorodu Road,Jibowu-Lagos.
19 GoldLink Insurance Plc 013 Goldlink Plaza 6 Emmanuel Street Onigbongbo Maryland. P.O.Box 5987 Marina Lagos
20 International Energy Insurance Plc 20 Plot 294, Jide Oki Street,
Off Ligali Ayorinda, Street,
Victoria Island, Lagos
21 Industrial & General Insurance Plc 018 Plot 741 Adeola Hopewell Street Victoria Island Lagos
22 JAIZ TAKAFUL INSURANCE PLC RTC 092  
23 KBL Insurance Limited 019 Block 138, plot 5,Gabriel Olusanya Street, Lekki- Phase 1,
Lagos.
24 LASACO Assurance Plc 023 16, Acme Road Ogba, Ikeja Lagos.
25 Law Union & Rock Insurance  Plc 024 Law Union House, 14, Hughes Avenue, Alagbomeji, Yaba, P.O. Box 944 Marina, Lagos
26 Leadway Assurance Company Limited 025 121/123 Funso Williams Avenue Iponri,  Lagos
27 Linkage Assurance Plc 026 Linkage Plaza, Plot 20 Block 94 Lekki-Epe Expressway P.O.Box 74175 Victoria Island.
28 Tangerine Life Insurance  Ltd  042 Plot 205B Ikorodu Road, Lagos  
29 Mutual Benefits Assurance Plc 027 Aret Adams House,
233 Ikorodu Road, Ilupeju, Lagos
30 Mutual Benefits Life Assurance Ltd 027 Aret Adams House,
233 Ikorodu Road, Ilupeju, Lagos
31 NEM Insurance Plc 028 199 Ikorodu Road Obanikoro Lagos
32 NICON Insurance Plc 049 NICON Plaza, Plot 242, Muhammadu Buhari Way, Central Business  District,  Abuja-FCT
33 Niger Insurance Plc 029 48/50 Odunlami Street, P.O.Box 2718 Lagos
34 Nigeria Reinsurance Corporation RRC’ 002 Plot 590 Zone A.O. Central Area P.M.B 0178 Abuja
35 Nigerian Agricultural Insurance Corporation 030 Plot 590 Zone A.O. Central Area P.M.B 0178 Abuja
36 NSIA Insurance Ltd 003 3, Elsie Femi Pearse Street, Victoria  Island, Lagos
37 Old Mutual Nigeria General Insurance Company Limited 032 19A Adeola Odeku Street, Victoria Island, Lagos
38 Old Mutual NigeriaLife Assurance Company Limited 032 2nd Floor, Ecobank Building, Plot 21, Ahmadu Bello Way, Victoria Island, Lagos
39 Prestige Assurance Plc 033 19, Ligali Ayorinde Street Victoria Island, P.O.Box 650 Marina Lagos
40 Prudential Zenith Life Assurance Company Limited 090 14th Floor Civic Towers,Plots GA & G1, Ozumba Mbadiwe Avenue, Victoria Island Lagos 
41 Regency Alliance Insurance Plc 034 2, Ebun Street, Gbagada Expressway Gbagada, P.O.Box 70333 Victoria Island Lagos
42 Royal Exchange General Insurance Company Ltd 035 New Africa House. 31 Marina Lagos
43 Royal Exchange Prudential Life 035 New Africa House. 31 Marina Lagos
44 Unitrust Insurance Nigeria Limited 045 Plot 105B, Ajose Adeogun Street, V/I Lagos.
45 Sovereign Trust Insurance Plc 037 17, Adetokunbo Ademola Street, P.O.Box 74393 Victoria Island Lagos
46 STACO Insurance Plc 038 209 Hebert Macaulay Street Ebute Metta P.M.B 1018 Sabo Yaba Lagos
47 Standard Alliance Insurance Plc 039 plot 1 block 94 provident street lekki phase 1, Off Lekki-Ekpe Express Road, Lekki,Lagos.
48 Sterling Assurance Nigeria Ltd 036 Sterling House, 284, Ikorodu Road, Lagos
49 SUNU Assurance Plc 011 Plot 1196, Bishop Oluwole Street Victoria Island Lagos
50 UNIC Insurance Plc 043  
51 Universal Insurance Plc 041 NO 11A, Ligali Ayorinde Street, Victoria Island Lagos.
52 Veritas Kapital Assurance Plc 022 Plot 497 Abogo Largema Street Off Constitutions Avenue Central Business District P.O.Box 13233 Wuse Zone 3 Abuja
53 Coronation Insurance Plc 046   No. 199, Awolowo Road,Ikoyi, Lagos 
54 Coronation Life Assurance Lt 046   No. 199, Awolowo Road,Ikoyi, Lagos 
55 Zenith General Insurance Company Limited 048 Plot 280, Ajose Adeogun Street, P.O.Box 75315 Victoria Island Lagos
56 GOXI Microinsurance   Edwards & Valerie Plaza 107, Obafemi Awolowo Way, Ikeja, Lagos
57 NOOR Takaful Plc RTC 091 22 b, Oladipo Diya Crescent, 2nd Avenue Estate Ikoyi, P.O Box 54478, Falomo Ikoyi, Lagos
58 Corenerstone Takaful Insurance Co. Ltd   191, Herbert Macaulay Way, Ebute Metta, Lagos

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