Top 10 Insurance Companies in Nigeria (2021)


Preventing losses from unforeseen circumstances is crucial for the growth of businesses around the world and one important way of doing this is to buy insurance from a reputable and reliable insurance company. Buying insurance protects your business or businesses from a lot of hazards like fire outbreaks, burglary, stealing, and a lot more.

Hence, insurance help individuals and companies to safeguard their investments as well as their properties from potential and unavoidable risks that could make the investors or owners of properties lose everything.

Various insurance companies exist in Nigeria where you can freely subscribe to and safeguard your businesses from risks. We have researched and reviewed many insurance companies that offer mind-blowing and affordable packages, and here are the top 10 insurance companies in Nigeria.

You can easily subscribe to their packages and be assured that your businesses and properties are protected from any form of loss that may result from an unforeseen circumstance.

Top 10 Insurance Companies in Nigeria

Here are the leading Insurance companies in Nigeria:

1. AIICO Insurance Plc                                                       

AIICO Insurance Plc

AIICO Insurance Plc is no doubt one of the top insurance companies in Nigeria and after many years of operation in the country, it has gone from reputable to reliable. With AIICO, you can rest assured knowing that your business is quite secured from risks.

Again, they offer flexible and affordable packages; hence, even if your business is a small one or your property isn’t worth much, you can afford the packages they offer without necessarily having to spend more than is required. Because they will have you covered all the time with the unique services they offer in insurance, asset management, and pension management.

They offer insurance plans that range from income investment plan to travel insurance as well as from education investment plan to electronics investment and a lot more.

2. Custodian and Allied Insurance                    

Custodian and Allied Insurance

Custodian and Allied Insurance is no doubt one of the few insurance companies in the country that uniquely offers a wide range of flexible and affordable packages to their clients; hence, it is suitable to both individuals and organizations. Interestingly each of the plans is tailored to exquisitely suit their clients.

Their packages include; investment plus plan, tuition protection plan, immediate annuity plan, auto insurance plan, travel, and capital insurance plan. Custodian and Allied Insurance Company have been tested and so you can trust them to pay insurance dividends when due as they are both reputable and reliable.

3. AXA Mansard Insurance                                                       

AXA Mansard Insurance

AXA Mansard Insurance is incorporated and registered by the national insurance commission and is member of the AXA group. It is a top company that you can rely on. Interestingly, AXA Mansard serves over 107 million clients in over 600 countries and is a foremost company in insurance and asset management.

As proof of their reliability, the company provides life insurance and non-life insurance packages to individuals and companies in the country. Hence, if you are insured by this company, you can rest assured with the knowledge that you are in caring hands.

The packages they offer include; student protection plans, auto flex plan auto classic plan, equity income plan, instant plan, health plan, and a lot more.

4. Goldlink Insurance Plc

Goldlink Insurance Plc is one of the foremost insurance companies in the country and they offer flexible and affordable plans to their clients. Goldlink isn’t just licensed to do life insurance but also general business insurance that includes motor insurance, fire, and special perils, life and pension, oil and gas, and travel insurance.

Hence, whether you are an individual or an organization, Goldlink has a package for you, and these packages are both flexible and affordable.

Their plans range from engineering insurance to group and life insurance. They have both life and non-life insurance plan for individuals and organizations.

5. Industrial and General Insurance Plc (IGI)

Industrial and General Insurance Plc was incorporated in 1991 and is known to offer a wide range of flexible and affordable solutions to its customers.

Since its incorporation, the company has emerged as one of the leading insurance companies in the country with a focus on life and general insurance, in addition to pensions and special risks management.

6. Leadway Assurance                                        

Leadway Assurance specializes in life and pension insurance and stands as one of the few companies that offer optimum services to their clients. The company was founded in 1970 and since then it has been offering general business, life, and pension insurance as well as allied financial services, secured credit, bond, portfolio management, and miscellaneous financial losses.

Interestingly, they are active on social media and have even computerized their operations to boost effectiveness. Hence, you don’t need to be physically present in their office to buy insurance from them. Just visit their website, follow their instructions, then go ahead to purchase the insurance plan that suits you.

7. Cornerstone Insurance Plc

Cornerstone Insurance Plc has been in operation since 1991; hence it is one of the most known insurance firms in the country. Since its inception in 1991, Cornerstone Insurance Plc has remained dedicated to rendering tailor-made services to their clients all over the country.

They are known to put their clients first as well as creating solutions and flexible packages to meet the needs of their clients.

Hence, its insurance policies suit both individuals and organizations as well as both small and big businesses.

8. African Alliance Insurance Plc

Incorporated in 1960, African Alliance Insurance Plc has grown in length and breadth and is renowned for its efficiency, professionalism, and for being trustworthy in life assurance. The company is known to provide a range of personalized insurance solutions designed for each stage of a client’s life.

This company isn’t just reputable but reliable and dependable and they offer both flexible and affordable packages that suit both the young and the old. Hence, if what you need is a life assurance company that is reliable then this company is tailored-made for you.

9. Continental Reinsurance

Continental Reinsurance is renowned for being perhaps the private sector leader of the pan-African insurance industry and it offers both life and non-life insurance packages to its army of clients around the continent.

Its services range from business plan to insurance plan and from auto insurance plan to home insurance plan as well as pet insurance plan.

Hence, it is suitable for both individuals and organizations and their solutions are both flexible and affordable.

10. LASACO Assurance Plc   

LASACO Assurance Plc was incorporated in 1979 as Lagos State Assurance Company and got licensed as an insurer in 1980. Significantly, they offer various insurance policies that suit both individuals and organizations.

They offer a range of services and they include; motor insurance, aviation insurance, marine insurance, fire and special insurance, personal accident insurance, bond insurance, money insurance as well as householder’s insurance plan.

Interestingly, their services are affordable and their solutions are also flexible.


Every business or property owner has the ubiquitous need for insurance because it protects your business and properties from unforeseen circumstances. The companies listed above are the top ten insurance companies in Nigeria. However, customers’ feedbacks have proven their reliability over the years; hence, you can insure your business, life, and properties with any of these companies knowing that you are in safe hands.

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