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List of Top Insurance companies in Nigeria | 2023

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Insurance companies in Nigeria – We decided to compile a list of top insurance companies in Nigeria that offers the best services. You can actually pick from this list and be assured that you will get the best services.

Most of these insurance companies have branches in Lagos, Abuja, Port Harcourt and other parts of Nigeria.

What is an Insurance policy?

According to Wikipedia, insurance policy is a contract between the insurer and the insured, known as the policyholder, which determines the claims which the insurer is legally required to pay.

Quickly let us move down to the business of the day which is listing some of the key players in the insurance policy business in Nigeria in 2020.

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Insurance companies in Nigeria and their Offer

Before we dish out what most of these key players in the industry let us first list these companies.

  • AIICO Insurance plc
  • Lead way assurance company
  • Custodian and allied insurance
  • Cornerstone insurance plc
  • AXA mansard insurance company
  • African alliance insurance plc
  • Continental Reinsurance
  • Lasaco Assurance plc
  • Mutual benefits assurance plc
  • Goldlink Insurance plc
  • Prestige insurance ltd
  • Linkage Assurance plc
  • Industrial and general insurance plc (IGI)
  • Nem Insurance plc
  • Consolidated hallmark insurance plc

AIICO Insurance plc

Top Insurance companies in Nigeria

American International Insurance Company Limited (AIICO) Insurance Plc resumed operation in 1963. AIICO is an insurance, pensions management, and asset management Group in Nigeria with market-leading positions in its key business lines to Life assurance and annuity, General insurance and special risks, Pension management, Health insurance, and Asset management.

AIICO insurance policy offer

AIICO insurance offer many services, these services cut across;

  • corporate saving plan
  • Term assurance plan
  • Travel insurance plan
  • Flexible endowment plan
  • Income investment plan
  • Education investment plan
  • MoneyWise Plan
  • Three payment plan
  • Electronics equipment policy plan
  • Annuity Plan
  • Life Celebration Plan
  • Mortgage Protection Plan

Please do well to visit their official website for more information about their offer

LEADWAY Assurance Company Limited

Top Insurance companies in Nigeria

Leadway Assurance is one of Nigeria’s top Insurance companies. Leadway was established In 1970. They offer the following services;

  • Personal Insurance
  • SME Insurance
  • Corporate Insurance

The above offers are also broken down into the following;

Personal Insurance
  • General Insurance
  • Life and Health Insurance
  • Saving and investment
  • Annuities and pensions
  • Premium Finance
Corporate Insurance
  • Motor Insurance
  • Property Insurance
  • Marine Insurance
  • Accident Insurance
  • Leadway Boss
  • Marine Insurance
  • Suretyship
  • Agric Insurance

Do forget to visit their page if you want to know more about LEADWAY Assurance Company Limited.

Custodian and Allied Insurance

Top Insurance companies in Nigeria

Custodian & Allied Insurance was founded in 2007. The purpose is to develop, package and deliver innovative insurance products that best satisfy customer needs, whilst operating a highly profitable, efficient, resourceful and ethical organization that will survive well into the future and be a valuable asset to its shareholders. They have several insurance plans to choose from.

Custodian Allied Insurance offers the following:
  • Investment plus plan
  • Immediate annuity plan
  • Tuition protection plan
  • Auto insurance plan
  • Travel insurance plan
  • Capital plan

Click here to visit their official website

Cornerstone insurance plc

Top Insurance companies in Nigeria

Do you know that Cornerstone was established in 1991. Cornerstone Insurance is a leading insurance company in Nigeria that offers Motor Vehicle, Travel Insurance, Aviation, Marine, Engineering All Risks,  etc.

  • Goods in transit plan or Policy
  • Investment plan
  • Home insurance plan
  • Halal Takaful plan
  • School fee guarantee plan
  • Motor insurance plan
  • Travel insurance plan
  • Annuity plan
  • Life insurance plan
  • Marine insurance plan
  • Gadget protection plan

You can know more about this insurance company here.

AXA mansard insurance company

AXA mansard was established in 1989. 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 is rated B+ by A.M. Best (2016) for Financial Strength. The Company is also certified ISO 9001:2008 compliant by the Standard Organisation of Nigeria (SON) for quality management systems.

AXA mansard insurance company offer the following;
  • Health Insurance
  • Investment
  • Life insurance
  • Motor Insurance
  • Travel Insurance
  • Pension

You can know more about this insurance company here.

African alliance Insurance plc

Top Insurance companies in Nigeria
Photo Credit: Alliance Insurance Plc

Alliance Insurance Plc is widely recognized for its efficiency and trustworthiness in Life Assurance, serving thousands of customers with personalized insurance products tailored for each stage of their lives.

African Alliance Insurance plc., Was officially incorporated on May 6, 1960, by the 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.

African alliance insurance plc offer the following;


  • Annuity Plan
  • Children Education plan
  • Mortgage Protection


  • Money Appreciation Plan
  • Smart kid Education Plan
  • Esusu
  • Alliance investment Plus plan

You can also know more about their services by clicking their website

Continental Reinsurance

Another one of our top Insurance companies in Nigeria 2020 is continental Reinsurance. The firm has been assisting from 1985 to date.

They offer different services such as;

  • Pet Insurance Policy
  • Auto Insurance Policy
  • Home Insurance Policy
  • Business Plan
  • Insurance Policy

You can also know more about their services by clicking their website

Lasaco Assurance plc

Top Insurance companies in Nigeria

Lasaco Assurance plc is a subsidiary of ELMAC Assurance Company Limited. The firm was established in 1979. Their services cut across general insurance, Life and insurance.

You can know more about Lasaco Assurance Plc by visiting the website of the firm.

Mutual benefits assurance plc

Mutual Benefits Assurance PLC operates in the financial services sector in Nigeria. We provide motor insurance, travel insurance, home insurance and other

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