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10 Best Asset Management Companies in Nigeria (2020)

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Are you in search for the best asset management companies in Nigeria?

If yes, then I’m glad I got a blog post to walk you through 10 of the best asset management companies who has been doing a great job and, has been proven to be among the big lions in the industry.

But you may be asking…..

Why Asset Management Companies in Nigeria?

Before then, we need to know the importance of an asset management company.

An Asset Management Companies in Nigeria are firms setup and responsible for ensuring that properties or wealth in Nigeria are kept, stored, handled, used, protected and available when needed.

With the ever increasing amount of wealth acquisition, it’s without doubt that most of us as humans lack the management skills needed to effectively manage our assets. This has led to the establishment of asset management companies who are professionals when it comes to asset management in Nigeria.

ALSO CHECK: Top 10 Insurance Companies in Nigeria

This article seeks to introduce some of these best asset management firms available in Nigeria today and you can decide to try any of them out.

Top Asset Management Companies in Nigeria

They are:

1.      Asset Management Cooperation of Nigeria (AMCON):

Established in 2010, by the Nigerian federal government in conjunction with the Central Bank of Nigeria, AMCON has proven to be a worthy asset management entity, with a mission to improve the economy of Nigeria.

They promise Professionalism, Loyalty, Integrity, Fairness/Equity, Excellence in the services they offer.

They’ve continued to deliver on their promise since their establishment, and they’re even doing more which includes; aiding banks to sell non-profit loans, fueling of lending ideology among financial institutions and many more.

2.      Lead Capital PLC

Lead Capital PLC is a pan-African asset management firm with offices across different states of Nigeria and in cities around the African continent.

They were established in 1987 with the aim of making their clients fulfill their goals of asset management.

Their team of experts are always willing to help those who have thought it wise to manage their assets, this has led to them  having an excellent success rate many areas of asset management including; restructuring of state owned infrastructure and many more in the last two and half decade of business.

All these have been done with a high level of honesty and integrity making them one of the top asset management firms in the country.

3.      Sterling Asset Management Trust Limited

Sterling is also one of the top asset management companies in Nigeria that you should check out.

They’ve got positive reviews from their users. Individuals or firms with high net worth shouldn’t look past Sterling as they tend to be the best for individuals or companies with such high net worth, whether public or private.

READ: How to Start Real Estate Investment in Nigeria

For the past thirty four years, they’ve continued to cater for the management needs of both public and private sector corporations. Other services rendered are trusteeship and property development.

4.      Tower Asset Management Limited

Here is another top asset advisory firm, Tower Asset Management Limited is an asset management firm with experience in stock broking. They offer the following services;

  • Brokerage Advisory Service — They offer advisory services to brokers with the use of latest technological equipment to go with it.
  • Investment Advisory Service — With this you get valuable advice on your investment by reducing the risks involved.
  • Customized Investment Services — This is more like a personal advisory service on investments where personal advice on investments.

With Tower Asset you’re assured of quality, best price amongst others and transparent.

5.      Apel Asset Management Limited

Apel has been established to financial happiness with their innovative products and services that has been streamlined to cater for all your investment needs. They offer wealth management services with their seasoned team of experts.

Whatever your wealth management needs may be Apel has got you covered.

They’ve also got other services to complement their wealth/asset management plan, they provide; Apel child education trust — which caters for the best legacy you can give to your kid which is education, Portfolio management, Apel eFund, Apel trust target scheme and Apel investment note which compliments your asset management needs.

With services and professionalism, they perfectly fit to be included in the list of top asset management companies in Nigeria.

6.      Atlantic Global Asset Management

This is an Asian owned asset management firm with firm roots in the continent of Nigeria, they’ve got highly qualified experts which has proven to be the best around.

Some of the services on offer includes;

  • Capital Management — Your capital is well taken care of, with their innovative technology that simplify the process of capital management.
  • Cryptocurrency — With advanced technologies provided by A.G.A.M with a combination of experts in the crypto industry, they offer the best blockchain you can offer.

RECOMMENDED: Different Ways to Make Money with Cryptocurrency in Nigeria

Another advantage of this firm is its global coverage as it is found in every continent of the world today.

7.      Forte Asset Management Plc

This is a world class wealth management firm with many with the aim of making families or individuals independent financially. It’s owned and managed by a top veterans in the field of asset management.

For the past decade and half Forte Asset Management has been on a mission of filling the void in the investment landscape.

With the use of passive and active management skills, they deliver the best in modern asset management. At Forte, your needs as a customer are taken as priority with their team of seasoned asset managers.

If you care for life after retirement, Forte got your back with great plans to prepare you for life after retirement. Forte also guarantees peace of mind with their investment management plans which you can check out on their site.

8.      Pac Asset Management Limited

Licensed by the Securities and Exchange Commission, Pac Asset Management Limited offer management services on equities, real estate and alternative investments.

With their customized asset portfolio you’re assured of well-crafted services that suits your needs.

They also offer advisory services on alternative investment such as real estates and other forms of properties. They’ve got wide range of products to choose from, variety is the spice of life and this is shown in PACAM services.

9.      Covenant Asset Management, LLC

Another big fish in the sea of wealth/asset management with lots of personalized services to for individuals, government, businesses, non-profit organizations and high worth personalities.

For the past twenty years, they’ve offered investment advisory services to more than 100 top net worth personalities worldwide, this has been done with high level of confidentiality, diligence, integrity and honesty.

The following are available accounts you open with Covenant Asset; Investment Management, Individual Retirement, Real Estate, and Cash Management accounts.

All these are achieved by the presence of highly skilled and hardworking professionals who are always ready to serve you at any point they’re called upon.

10.  Cowry Asset Management

Cowry Asset focuses primarily on real estate management. For individuals or businesses with real estate investments may want to try out their services as they got the best plans on offer by an asset management firm.

Estate management services on Cowry includes; renovation, re-leasing and sale/purchase of landed properties. Other services available are;

  • Property Trading — This is carried out by a team of experts on behalf of the clients
  • Facility Management — Facilities which requires little touches here and there are well taken care of.
  • Securities Trading
  • Asset Management
  • Investment Banking
  • Consulting

Wrapping up

They are many reasons you may want to manage your assets as an individual, a business or cooperate organization. But, whatever reasons you may want to go into asset management companies in Nigeria listed above are your best bet.

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My name is Stephen Gbolagade, people say I'm a multi-skilled guy. I guess maybe because I'm a Blogger, Website Designer, SEO specialist, Content Writer, Business coach, Digital Marketer, and Self-taught Frontend Developer. But what do I have to say about myself? My contents, personality, and services will say and prove the person I am to you. __________________________________________________________________________You can hire me for Music Promotion, Website Design or Blog Setup, Marketing and any Digital-based tasks! __________________________________________________________________________ Contact me here on Facebook :: Instagram :: WhatsApp __________________________________________________________________________ If you're inspired by me and think it's necessary to buy me a cup of coffee, you can give me a tip HERE 👌

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How to Get Health Insurance in Nigeria (Updated 2020)

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If you’re planning to get health insurance in Nigeria but need someone to guide you through the process, then this blog post is for you. 

You’ll learn different types of Health insurance available in the country, the requirements, and why you need to get health insurance for yourself and family members in Nigeria. NOTE: I’m not a health specialist, this blog post is an outcome of my research and my way of promoting helpful information.

Before going into the details, let me brief the meaning of the term “insurance”;

What is Insurance?

Insurance is a means of indemnity against a future occurrence of an uncertain event or risk. According to Wikipedia, Indemnity is a contractual obligation of one party to compensate for the loss incurred on another party.

This is the general definition for all types of insurance, which health insurance falls into. I’ll be reviewing health insurance in Nigeria, how it has fared, different types, and many more. 

But you may want to know;

How is Health Insurance in Nigeria?

Sadly, only a little percentage of the Nigerian population has their health insured, this shows how concerned we are about our health care generally in the country. We’re not sure about the reason for apathy or lack of interest in health insurance in the country.

But I hope after reading this, you’d have got yourself one if you don’t have one already. 

Is Getting Health Insurance in Nigeria Expensive?

Not at all, getting health insurance is not expensive in Nigeria – in fact, the Nigerian government launched a program in May 1999 to cater to this need. The federal government agency responsible for health insurance in Nigeria, National Health Insurance Scheme (NHIS) caters for citizens especially those in the public sectors, private sectors, and entrepreneurs. 

The NHIS also supports children below age 5, inmates, and people living with disabilities.

How Much Does Health Insurance Cost in Nigeria?

The cost varies according to the plan you’re buying. But typically, you can get a Health Insurance in Nigeria for as low as N3,500 – N4,500 per month. For Instance, you get a personal plan for N45,000 0r N55,000 annually and this is different (much cheaper) if you’re buying for your family or staff. 

I will explain more about this plan and pricing before I round up.

Why Should I Get Health Insurance in Nigeria?

Health care in Nigeria is a major concern for many, although some do lack interest. It’s important we do all the best we can to safeguard ourselves – health-wise. With a good health insurance plan in Nigeria, you could start now to prepare for future uncertainties as to the definition earlier suggests. There are a lot of insurance firms offering this form of insurance in the country.

Here are other few reasons why you should get your health insured;

The benefit of Health Insurance

Health insurance comes with some good benefits that make our lives much better overall. These are some of the benefits;

1. Cuts down on health risks

There are so many health-related risks that we Nigerians get exposed to, they may be through birth, airborne, waterborne, pollution, and many more. A good health insurance plan offers you regular check-ups that could spot and prevent any form of health-related problem.

2. Access to Finance

This could be a lifesaver in terms of emergency where some funds are required to kickstart a treatment. With money offered by the different Health Insurance firms in Nigeria, you could finance any form of treatment – at least to an extent. Some HMOs grant you up to N250,000 for surgeries, any additional fee above that will have to be paid by you.

3. Family Protection

One other good benefit of having an insurance plan is an overall healthy-looking family. A healthy family is a happy family, and nobody wouldn’t want to have that. Getting a family plan today will lead to a much healthier family and also protects all involved against unforeseen health hazards.

4. Increases Savings

Purchasing a plan from any of the HMO’s cut down on your medical expenses. In the long run, you get to save a lot of money which can be channeled towards other areas of your life. Continuing this will save you a lot of money.

Getting health insurance is a wonderful opportunity right? You could begin enjoying the benefits if you choose to start today. You need to check if you’re qualified or not. Below are a few requirements expected from anybody who wants to get health insurance in Nigeria;

Requirements for Getting Health Insurance in Nigeria

Before going ahead to apply for that health plan, here are some requirements to have in mind;

1. Citizen or Non-citizen

Before getting a Health Insurance plan in Nigeria you have to be a citizen of the country – by birth, naturalization, or any other means. As all countries place the health of its citizens above non-citizens. This gives you access to all forms of health insurance especially that provided by the federal government. 

If you’re not a citizen, don’t worry, Private HMO’s do offer plans for non-citizens as well and you can still enjoy the same benefit.

2. Must Fall Into Any of The Following:

  • Public Sector – You must be employed in any government-owned institution.
  • Private Sector – Must be an employee of a registered private firm operating within the country
  • Informal Sector – Running a business which doesn’t fall into any of the above categories with complete tax payments
  • Student – A student in the country across all levels
  • Children – This is usually below the age of five (5)
  • Inmates – Inmates also have access to health insurance plans from any HMO.

With the above, you can see how easy getting a health insurance plan can be.

There are lots of private firms which offer more better insurance services, but let talk about getting started;

How to Apply and Get a Health Insurance in Nigeria

This is where everyone tends to get stuck – getting that health insurance plan. Many believe it’s more like a tedious task, but I can guarantee you it’s not. You probably don’t know how simplified the whole process is, but don’t worry, I’ll try my best to explain.

There are various HMO’s (Health Management Organizations) offering this service out there, each with varying degrees of offers and pricing. You need to choose one which will be pretty favorable to you, or you could simply apply for the NHIS program. Whichever you choose, they certainly provide similar services in a different kind of way, and registration is also quite similar. 

Now, let talk get started;

1. Visit NHIS or the HMO Website

Whichever platform you tend to go for, public or private, your first step towards registration is via this process. Most certainly, they all have a physical office(s), and since we’re in a digital era, a website too. You’re to visit any of those to start your registration process so as to equip yourself with a good health insurance plan. 

For the NHIS website, go to www.nhis.gov.ng or https://www.nhisonline.com.ng/

If you prefer to use a private health insurance firm, you can check these top ten insurance companies and visit their website.

After getting to the website, ensure you check the required documents, plans, and pricing, etc., this will give you the best orientation, or maybe you should continue with the agency or not.

2. Fill out All Required Documents

You’ll be offered documents/forms to fill out upon registration, either online or offline. You are to fill out the form with the required information needed. You’d be asked many health-related and personal questions, do ensure that you answer as correctly (and honestly) as possible, and give details where necessary. 

Try to use correct/official information, remember, it’s all about protecting against uncertainties that may occur to you health-wise. Also, do ensure to ask questions when you’re confused or in doubt, and read the terms of service clearly so as to understand what you’re signing up for.

3. Pay the Required Fee(s)

You’ll be required to pay some fee(s) or “premium” in order to complete the registration process. This fee is the amount of money paid to purchase the plan and it’s important to pay so as to complete your registration. The prices differ across various HMO’s, but I’ll be giving you what to expect in terms of pricing below.

Before getting there, let’s see the various types of health insurance Providers in Nigeria;

   Types of Health Insurance Providers in Nigeria

There are quite a number of health insurance types in the country to choose from, you might be familiar with some already, so let’s get started.

1. Health Management Organization (HMO)

HMO gets you more for less and it is suitable for everyone especially newbies. You get a wide range of services including immunization and regular check-ups – these are just two of the many services you get from an HMO. 

In terms of pricing, HMO’s offer lesser prices and you get to pay much lesser premiums when placed side by side with other types of health insurance. Upon registration, you’ll have to choose a primary care physician (PCP) whose job is to see that you are healthy. He/She will also be responsible for referring you to a specialist when the need arises.

2. Preferred Provider Organization (PPO)

With a PPO you have access to a wide range of doctors and hospitals to seek medical attention. Unlike HMO, you don’t have a PCP so you have a good number of choices to pick from, but it must be in the specified network agreed upon at registration. 

Going against this will leave you in no man’s land as companies offering this service wouldn’t foot the bill. For you to qualify for services rendered by PPO’s an agreed fee must be paid annually in form deductible.

3. Exclusive Provider Organization (EPO)

Another type of health insurance plan in Nigeria is the Exclusive Provider Organization plan which is quite similar to HMO. You have access to an agreed set of doctors and hospitals but in this case a much wider variety. Because of this, you may pay deductibles and copayments. The amount for premiums is also much higher with EPO.

4. Point of Service (POS)

With the point of service, you get a PSP to work with but there are no charges in the deductibles on services rendered by your PSP. POS is more like the combination of HMO and PPO, this is done in order to increase flexibility and also create a balance. You’ll also have to pay some fee in the form of deductibles before getting the required coverage.

These are some of the health insurance types, but HMOs are more prevalent in Nigeria – about 90% are HMO’s, and the rest shares the remaining 10%.

Health Insurance Plans and Prices in Nigeria

There are three basic plans offered by HMOs in the country, they vary in prices but not that much, so I’ll be giving you an idea of what it looks like.

1. Personal Plan

This is the first and the most sought after insurance plan. A personal plan covers only a specific individual. The plan may include services like; specialist consultation, surgeries (to an extent), drug prescription, eye care, physiotherapy, x-ray, and many more. Some of these services are covered to an extent so you have to pay the rest.

Price of Health Insurance Personal Plan: N45,000 – N55,000 annually

2. Family Plan

The family plan covers more people for less. The number of members in this plan varies, but it’s usually between 3 – 5 members. The coverage provided is quite similar to the individual plan but at a subsidized rate. Also, certain services are limited in number so as to accommodate the large number of members involved.

Price of Health Insurance Family Plan: N15,000 – N25,000 annually/individual

3. Corporate Plan

As the name suggests, this plan applies to all corporate organizations, small and large businesses, and enterprises. Many organizations do offer health insurance to their workers, but certain members of the organization may be excluded from this policy. 

Getting a corporate plan for your company is quite easy; you need to have a certain number of employees before applying. 

Price of Health Insurance Corporate Plan: For pricing, it varies and usually not disclosed to the general public.

That’s All On – How to Get a Health Insurance in Nigeria

Getting a health insurance plan in Nigeria helps in many ways and it’s important to have one no matter who you are. So there you have it, all you need to know about health insurance in Nigeria.

If you have any question, kindly consult your physician or medical doctor, but if you’re versatile about this health insurance issue and you notice you can help with some corrections, kindly send your contribution to info@gbolamedia.com

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7 Best Auto Insurance Companies in Nigeria

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Are you looking for the best auto insurance companies in Nigeria? If that’s why you landed here, I’m going to show you top seven (7) gurus in the car insurance business that you can bank with, without any sad story that touches.

Few weeks ago, I wrote about best insurance firms in Nigeria and it’s now on the first page and third position in Google’s SERPs. If you know what this mean – different queries and more traffic! But one of the queries is “Top Auto insurance company available in Nigeria” and that’s why I’ve decided to create a well researched content about it.

You know, I know my onions and I’m not going to disappoint you with this list.

And please, I am not affiliated to any of these companies or they sponsored a post here but everything here is the mashup of my research about the best auto insurance companies in Nigeria.

But first, let’s go through what is insurance and what the companies does.

What is Auto Insurance?

Auto insurance is a type of insurance done on any automobile product especially cars. It may cover the whole car or some part of it.

This is to keep your automobiles secured and “long-lasting”, even if it’s stolen, burnt or had an accident.

As we delve into these top auto insurance companies in Nigeria, we’ll see the different types of available but trusted companies and why each of them are great.

Before moving on, Read this blog post about the best 10 companies to get insured in Nigeria.

If you’ve considered that, lets move to the main issue;

7 Best Auto Insurance Companies in Nigeria to Trust

  1. Custodian Auto Insurance

Custodian Auto Insurance company in Nigeria offers you the best auto insurance service you can think of.

This insurance company protects your car from events like accident, fire or any other physical damage. Whether it’s a car, trailer, truck, motorcycle or lorry, Custodian Auto Insurance got you covered.

Custodian Auto Insurance offers a comprehensive cover which covers the automobile from fire, theft, accident, or damage to the internals of the vehicle.

They also provide cover for the owner in case of death or injury. The firm also provides a Third Party/ Theft cover; this covers the third party from accidents, theft or accidental damage to the car and its third party.

Note that: Third Party cover is only available for the owner’s property or in case of death or injury.

I think you should check out the reason Custodian made my top 7 auto insurance companies in Nigeria before you doubt their ability and professionalism.

  1. AXA Mansard Auto Insurance

AXA Mansard, also included in the list of the best Insurance firms in Nigeria. They offers good coverage for automobiles of all types. The plan caters for all and sundry, no matter your level of financial buoyancy or not.

The firm breaks down its packages to comprehensive and third party covers.

The comprehensive plans which is further dissected to:

 

  • Auto Plus
  • Auto Vintage and
  • Auto Classic.

These plans covers both car and its third party.

The plus, vintage and classic varies in price, AXA has something for everyone. The third party package covers all things relating to the third party and its property.

Another reason why they make it up to this list of top auto insurance companies in Nigeria is their additional cool features.

These features include: Free vehicle tracking for cars worth N3 million and above, a courtesy car for 10 days after any event of accident or theft. There’s also free cover for civil commotion, riot and strikes.

Check them out and check if they fit your expectations.

  1. AIICO Auto Insurance

Another top insurance firm to check out here is AIICO Insurance. The company, amongst it numerous insurance plans also offer automobile insurance; both comprehensive and third party insurance.

The comprehensive insurance covers all pertaining to the car, these include cover against accident, vandalism, body injury of the third party, damage of the car’s internal, death and any negative effects on the third party.

It also provides covers for death(s) relating to all parties present in the vehicle in any event of accident.

The third party insurance on the other hand covers all parties in the vehicle in an event of an accident.

AIICO has streamlined it plans for all categories including, private car owners, multiple family owners, taxis, bus owners, delivery vehicles and commercial fleet owners.

And with other benefits you can enjoy from AIICO as one of the best auto insurance companies in Nigeria, I think you should check them out as well.

  1. LeadWay Auto Insurance

LeadWay assurance has great reputation for great insurance plans, among the components of such great reputation is its auto insurance plan.

The LeadWay auto plan provides cover both third party and comprehensive packages, both covers are subdivided to

  • Gold
  • Silver
  • and Platinum package.

These plans are varies in pricing.

The comprehensive plan, just as the name sounds offers a comprehensive cover for all damages to the car and the third party’s property, this may include vandalism, accident, damage to documents, or body injury to all parties at the event of an accident or damage.

With LeadWay “the customer” policy, the firm has added few value added features for the customer’s satisfaction, these are; payment of #30,000 of total towing cost, free tracking for vehicles worth N2,500,000 and above, payment of 1,000,000 for property damage, 100,000 off total cost of medical treatment.

  1. IGI Auto Insurance

Industrial and General Insurance Plc, abbreviated IGI is a composite insurer and one of the best auto insurance companies in Nigeria, with several accreditation from various regulators.

The firm which began around 1992 provides cover for businesses and general insurance and all forms of risks associated with life.

They offer Third Party fire and Theft, Third Party, and Comprehensive package. The Third party, fire and theft covers the third party from events like fire and theft.

On the other hand the comprehensive plan take care of the third party fire and theft, and the third party, with some added benefits which includes; vehicle tracking for cars above 3 million naira, personal cover for the insured and his family.

Some requirements are needed for the insurance of private cars; a valid means of identification, vehicle license, and a report from an engineer (in case of second hand cars).

  1. First Bank of Nigeria Auto Insurance

We all know First as one of the top financial institutions in Nigeria, the reputation they’ve built over the years precedes them. With such great strides, one would be left with no choice but to exercise confidence in its insurance scheme.

FBN auto insurance follow government’s decree in 1945 that all cars must have an auto insurance plans, this is to safeguard the vehicle and the third parties in an event of an accident or other uncertainty.

FBN offers three auto insurance types; the comprehensive or gold plan, the third party fire and theft plan, and the third party only plan.

There some cool perks that comes with using FBN insurance; a free tracking device for vehicle worth N4 million upwards, cover against strike, flood etc. All these and more ranks it as one of the top insurance companies in Nigeria.

  1. Cornerstone Auto Insurance

Last on my list of top auto insurance companies in Nigeria is cornerstone insurance, known for their exceptional service in the insurance business. Despite the position on this list, they still deliver one of the best insurance plans ever.

Plans available are the Enhanced comprehensive plan, and the third party plan, with both offering great cover for various risks and uncertainties.

The third party plan takes care of N1,000,000 off the third party’s property, liability for death and body injury etc.

The Enhanced Comprehensive plan cover all things relating to the third party and its vehicle.

Before getting started, be sure to get, the vehicle’s chassis number, engine number, and vehicle registration number.

Rounding off – Auto insurance Companies in Nigeria

Getting a car isn’t just enough, maintaining it, that’s what matters the most unless you’ve got the funds to keep replacing it monthly. 

Asides maintenance, they’re some uncertainties that are inevitable, accidents, theft are amongst the many events we can’t hide from. 

Getting a good auto insurance firm for your vehicle could be hectic, that’s why I’ve composed this list of best auto insurance companies in Nigeria… 

Do tell me what you think in the comments.

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Insurance

10 Best Insurance Companies in Nigeria [2020]

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There are more than 30 insurance companies in Nigeria where you can get your business, family or your automobile insured in case of any sudden risk.

We’re living in the world where bad news trends daily. If you don’t hear about a car accident, you will hear about bankruptcy, sudden death of a breadwinner, sickness and so on. This is the reason why every tom and harry must get themselves insured with a reputable company in his/her country.

In a world filled with unexpected eventualities, one needs to make provisions against uncertainties and this is the reason why some business continues to thrives among their competitors even, after they might have been challenged with big loss!

In Nigeria, there are various insurance companies offering insurance services ranging from health, life, property, business and automobile protection.

All insurance companies in Nigeria are controlled by the National Insurance Commission, NAICOM.

READ: Top Financial Mistakes You Must Avoid As an Entrepreneur

Like i said earlier, there are more than 30 insurance companies in Nigeria and due to the vast majority of them today, you may find it difficult choosing the best out of these long list.

But don’t worry, I’ll be showing you below the the top among these insurance companies below:

What Are the Best Insurance Companies in Nigeria?

Here we go;

  1. AXA Mansard Insurance

AXA Mansard is one of the top insurance companies in Nigeria. AXA Mansard is a member of the AXA Group, the worldwide leader in insurance and asset management with 166,000 employees serving 107 million clients in 64 countries.

AXA Mansard Insurance Plc, formerly Mansard Insurance Plc, is engaged in the provision of life and general business risk management solutions and financial services to corporate and retail customers in Nigeria.

The Company’s segments include Non-Life business, which covers the protection of customers’ assets and indemnification of other parties that have suffered damage as a result of customers’ accidents; Life business, which covers the protection of the Company’s customers against the risk of premature death, disability, critical illness and other accidents.

Pension Funds Management, which offers pension advisory, investment and consultancy services; Asset management, which offers a range of investment products domestically and abroad to suit customer’s long- and short-term investment needs.

And also, Property Development, which offers various products in real estate, and Health Maintenance Organization (HMO), which provides health maintenance services to a range of individuals.

 

  1. AIICO Insurance PLC

AIICO Insurance Plc is another top insurance company based in Nigeria, which is engaged in providing insurance services in life insurance business, non-life insurance business, deposit administration and financial services to organizations and private individuals.

The Company’s operating segments include life insurance, which consists of whole life, term assurance, guaranteed pensions, pure endowment pensions and mortgage endowment products, and offers savings, protection products and other long-term contracts.

ALSO READ: How to Register Your Business With CAC in Nigeria

And, non-life insurance, which comprises general insurance to individuals and businesses; Multishield, which is a health maintenance organization for prepaid health plans to cater for the health needs of individuals and corporate organizations; Pension Manager, which provides pension administration services to private and public sector contributors, and AIICO Capital Limited, which offers portfolio management services, structured investments and mutual funds for corporate and individual clients.

 

  1. Leadway Assurance

Leadway Assurance Company , also known as Leadway , is a Nigerian insurance corporation headquartered in Lagos, Nigeria . It is one of Nigeria’s largest insurance companies. Leadway provides commercial and personal property and casualty insurance, travel insurance and life insurance.

Leadway assurance has a multi-functional app for carrying out your claims and getting quotes.

 

  1. NEM Insurance PLC

Another top insurance company in Nigeria is NEM Insurance Plc (NEM). NEM is engaged in general insurance business. The Company is engaged in the provision of non-life insurance services for both corporate and individual customers. The Company operates through two segments: Nem Insurance (Nigeria) Plc, and Nem Insurance (Ghana) Ltd. The Company’s products and services include fire/extraneous perils policy, consequential loss policy, burglary or housebreaking policy, fidelity guarantee policy, public liability policy, money policy, goods in transit policy, group personal accident policy, motor insurance policy, marine policies, aviation policy, financial risk management policy, machinery breakdown policy and electronic equipment policy. The Company provides oil and gas, and energy insurance in Nigeria with a focus on various areas, such as upstream risks, downstream risks, and power, solid mineral and other products, and it also provides risk management services.

 

  1. Industrial and General Insurance PLC

Industrial and General Insurance Plc underwrites life and non-life insurance solutions in Nigeria. It offers life assurance products that include individual life products, such as continuous education plans, dividend plus plans, endowment assurance, integrated benefit plans, mortgage protection assurance, multi-investment plans, personal pension and annuity plus plans, term assurance plans, and whole life assurance; and group life products, such as group pension plans, group term assurance, life gratuity schemes, and staff retirement products. The company provides non-life insurance products in the areas of aviation, engineering, general business, global health insurance plans, marine, oil and gas. These and many more makes Industrial and General Insurance PLC to make our list of top insurance companies in Nigeria.

 

  1. African Alliance Insurance PLC

When it comes to top insurance firms in Nigeria in regards to ‘Life’,  African Alliance can’t be overlooked.

African Alliance Insurance Plc is widely recognized as the most experienced and strongest Specialist Life Assurance company in Nigeria, serving thousands of customers with personalized insurance products tailored for each stage of their lives.

Formerly African Alliance Insurance Limited, the company was incorporated on May 6, 1960 by its founders; Chief S.L. Edu (CON), Mr T. A. Braithwaite (CON) and Chief M.E.R. Okorodudu, backed by world class reinsurers and co-shareholders, Munich Reinsurance Company.

Today, African Alliance Insurance Plc drives innovation in the 21st century and uniquely positions itself to offer premium value to all its stakeholders, from its esteemed customers to its employees, partners and shareholders.

 

  1. Goldlink Insurance PLC

Goldlink Insurance Plc was incorporated on 15th April, 1992 as a Private Limited Liability Company and granted licence to operate as a full-fledged insurance company on 8th September, 1993. Goldlink was incorporated with an authorised share capital of N10million with fully paid-up capital of N10million. In readiness for listing on the Nigerian Stock Exchange (NSE), Goldlink converted to a Public Liability Company on 11th May, 2007 and was listed on the NSE by way of introduction on 12th February, 2008. It was incorporated with the share capital of N4.5bn.

Goldlink has its head office at 6, Emmanuel Street, Maryland, Lagos State with 16 branches across the country. It is owned by Nigerians and is licensed to underwrite both Life and General Businesses which include Fire and Special Perils, Motor Insurance, Life & Pension, Oil & Gas, Travel Insurance and many others.

Since its founding in 1992, Goldlink has grown tremendously both in customer base as well as in its knowledge and skills on current trends and emerging innovations bringing it to a leadership position in the insurance industry, making them rank among top insurance firms in Nigeria.

  1. Niger Insurance

Niger Insurance Plc, is one of the Leading Insurance Companies in Nigeria that transacts all classes of Insurance business and offers a wide range of innovative and customer-oriented insurance products in Life and Non life insurance to its growing clients. The public quoted Composite Insurance Company, presently operates with an asset base in excess of N21 billion and a fully paid-up share capital of N3, 868,307,000.

The company is fully computerised with the most robust technology. The computer network is capable of expansion and upgradeable to meet with present future needs in the volume of business.

The company has put in place sound reinsurance treaties with local and foreign first class Reinsurance Companies.These comprehensive securities ensure financial stability and exude confidence in its services to both present and prospective customers.

As a composite Insurance Company, Niger Insurance Plc transacts all classes of Insurance business and offers a wide range of innovative and customer-oriented products and services to its growing clientel.

 

  1. Cornerstone Insurance

Cornerstone Insurance Plc. Incorporated on 26th July 1991 as a private limited liability company and became a Public Limited Liability, quoted on the Nigerian Stock Exchange in 1997. Cornerstone was established to conduct Insurance business in a professional, ethical and customer-focused manner and has remained committed to these values over the years.

The Company is licensed and re-certified by the National Insurance Commission (NAICOM) to do both General and Life businesses and the classes of Insurance business they currently undertake include the following:

Motor Vehicle, Aviation, Marine, Engineering All Risks, Asset Protection, Liability to Third Party, Oil & Gas, Group Life, Credit Life, Mortgage Protection, Term Assurance, Wealth Creation Products and Takaful (Islamic Insurance).

Cornerstone Insurance Plc. Is the first insurance company in Nigeria to provide customers with an online platform for insurance transactions. Little wonder why Cornerstone Insurance Plc. was adjudged as the ‘Best use of Technology, Insurance Company, 2017, Nigerian Technology Awards.

Their services are technology driven by cutting edge Insurance applications. These services are accessible with ease through the internet and/or mobile technology.

 

  1. Linkage Insurance

Linkage Assurance Plc was incorporated 26th March, 1991 and was licensed to cover and transact non-life insurance businesses on 7th October, 1993.

Linkage Assurance is one of the leading insurance service providers in Nigeria, with a reputation for prompt and accurate service delivery, efficiency and customer satisfaction. Through its alliance with reputable financial institutions and their growing investment in human resources & information technology, they’ve maintained the professional mien required of a global reputable insurance company.

This is my list of top insurance companies in Nigeria and I hope you find this article useful.

Be sure to choose the most suitable option for you in the list above when shopping for an insurance firm to offer you protection against different risks.

Don’t forget to share this article with your friends on social media!

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