Insurance Companies in Nigeria

Ever heard the saying: “No one knows tomorrow”? That statement is the reason why we have insurance companies in the world today. There are many insurance companies in Nigeria; each one of them with their different packages and policies which they use to attract customers to buy their policies.

The fact remains – Nigerians do not care about insurance; they believe that God will save them from all unforeseen circumstances; while I don’t dispute this, it is unarguable that insurance companies come in very handy when or if something bad were ever to happen, they also help you keep money for your children’s education, assure your life, insure your house, business among numerous other benefits.

Buying an insurance policy for one reason or the other is never a bad idea; however, buying it from the wrong insurance company is a terrible idea. There are many dogs looking for food in the name of insurance, so you better be careful so you don’t fall a victim.

In this article, I will talk about some of the best insurance companies in the country who are properly registered and who have good customer feedback.

The companies on this list have been selected based on the following criteria:

  • Good track record
  • Customer opinion – good testimonials
  • Quality of policies being offered
  • Proper registration in the country

Below are the top 10 insurance companies in Nigeria based on the above criteria.

insurance companies in Nigeria

1 – Continental Re-insurance

Continental re-insurance is an insurance company which was registered in 1985 as a professional re-insurance company. The company was registered under the Companies Act of 1968. It obtained license to transact Non-Life Reinsurance business on December 10, 1986. In January, 1987 Continental re-insurance started business as an insurance company. Since then, the company has been doing wonderfully well as a reputable insurance company in the country.

Visit their website here

2 – Adic Insurance

Adic Insurance is a reputable insurance company that has good testimonials from her customers over the years. The company offers insurance policies for cars, houses, education and life insurance.
They might not be the best in terms of advert and marketing, but they always leave their customers satisfied.

Visit Adic Insurance website here

3 – African Alliance Insurance Company Ltd.

The few people who agreed to comment on African Alliance Insurance Company Ltd. Had good things to say about the company. The company’s policy for your child’s education is perhaps the best on offer.
African alliance insurance company Ltd is duly registered in Nigeria and has operated successfully over the years.

Check their website here 

4 – Aiico Insurance Plc

When it comes to life insurance in Nigeria, Aiico insurance is the best choice for many. The company has gradually rose to become one of the largest Life Insurer in Nigeria.

The company has accrued plenty of success because of its uncanny ability to evaluate its potentials, set realistic goals and take necessary actions to achieve them. We’ve gotten all sorts of positive Feedback from customers who do business with this company, so it’s one we can trust.

Visit the website here

5 – Cornerstone Insurance PLC

Cornerstone insurance has noised themselves as one of the best insurance companies in Nigeria and many of their customers agree to this. Cornerstone is a dynamic insurance company, who offer services that are in line with modern realities. The company is properly registered in Nigeria.

See the Cornerstone Insurance website here

6 – Consolidated Hallmark Insurance

Consolidated Hallmark Insurance Plc. Ranks high on the list of best insurance companies in the country. The company offers some mouthwatering policies to customers and is seen a technology-driven and customer oriented company. This insurance company has carved a niche for themselves in the few years they’ve operated in the country.

Check their website here

7 – AXA Mansard insurance

Other insurance companies on this list should better watch out for AXA Mansard insurance – these guys are gradually taking over the insurance market. Convincing a Nigerian to buy an insurance policy is not easy, but AXA MANSARD marketers will convince you with the mouth-watering policies they have on offer.
The company has properly been registered in Nigeria and boasts of good customer testimonials.

Visit Axa Mansard website here

8 – A&G Insurance

When you see a company that has lasted for over 20-years without failing, you just have to show some respect. That’s A&G Insurance for you. The company brings in years of experience and a good track record to the game.
Customers say they admire the insurance policy being offered by the company, and that they pay without hassle when damages occur.

Check A&G website here

9 – Crusader Insurance Plc

If you are someone who is close to the media, you must have heard of Crusader Insurance Nigeria Plc. This is one highly reputable company which is renowned for its efficient service delivery and prompt payment in cases of damages.

The company has plenty branches in Nigeria which are all networked in a computerized way. The testimonials I saw about the company looks good.

Here is the Crusader Insurance website.

10 – Custodian Insurance Plc

The last insurance company on my list is Custodian insurance. The company is noted for keeping the promises it makes to customers while selling their policies. I checked out some of their policies on car, house, child education and life assurance and I was really impressed.
Custodian Insurance company is a registered company in Nigeria and boasts some good testimonials.

See website here


The above insurance companies are a class apart! These are the guys I can absolutely vouch for, however, there are other many Insurance companies in Nigeria which are also good, but then, only ten can be in a top ten!

Leave a Reply