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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