Insurance

Leadway Assurance Company Limited is Nigeria's largest insurance company by assets, with over ₦799 billion in total assets as of 2024. Founded in 1970 and headquartered in Victoria Island, Lagos, Leadway is a NAICOM-licensed insurer offering the full range of life and general insurance products. The company paid over ₦117 billion in claims in 2024, reflecting its commitment to prompt settlement. Leadway's product suite includes motor insurance (third-party and comprehensive), life insurance and annuities, health insurance, property and fire insurance, marine insurance, and group life for employers. Leadway is the insurer of choice for many of Nigeria's largest corporations, government agencies, and high-net-worth individuals. With a nationwide network of branches, agents, and digital platforms, Leadway makes insurance accessible across Nigeria. The company is owned by the Stanbic IBTC group.

AIICO Insurance Plc is one of Nigeria's oldest and largest insurance groups, listed on the Nigerian Exchange (NGX) under the ticker AIICO. Founded in 1963, AIICO operates through two main subsidiaries: AIICO Insurance (general and life insurance) and AIICO Multishield (health insurance/HMO). Headquartered on Marina Road, Lagos, AIICO serves individual, corporate, and government clients across all 36 states. AIICO's products include motor insurance, household insurance, travel insurance, group life, critical illness cover, endowment plans, and health management plans. The company has a strong digital presence, offering policy purchases and claims processing through its mobile app and website. AIICO is NAICOM licensed, has been operational for over 60 years, and is trusted by millions of Nigerians for its financial stability and claims-paying ability.

AXA Mansard Insurance Plc is a member of the AXA Group, one of the world's largest insurance and asset management companies. In Nigeria, AXA Mansard is listed on the NGX and offers a full range of general and life insurance products, as well as health insurance through AXA Mansard HMO. Founded in 1989 as Guaranty Trust Assurance, the company rebranded to AXA Mansard following AXA's acquisition of majority ownership. Headquartered in Victoria Island, Lagos, AXA Mansard is known for its customer-centric service, digital innovation, and international financial strength. Their motor insurance is among Nigeria's most popular, offering comprehensive cover with an option to spread payments over 10 months. AXA Mansard HMO is one of Nigeria's leading health maintenance organisations, covering hundreds of thousands of Nigerians.

NEM Insurance Plc is one of Nigeria's oldest and most established general insurance companies, listed on the Nigerian Exchange (NGX) and NAICOM licensed. Founded in 1948 as the Nigerian Employers' Mutual Insurance Company, NEM has over 75 years of experience in the Nigerian insurance market. Headquartered on Marina, Lagos, NEM specialises in all classes of general insurance, with particular expertise in motor vehicle insurance, fire and special perils, engineering insurance, marine insurance, and bonds and surety. NEM Insurance is widely regarded as one of Nigeria's most reliable and prompt claims-paying insurers. They serve individual customers, SMEs, large corporations, and government agencies nationwide. NEM Insurance has a strong network of brokers and agents across all 36 states, and customers can purchase policies and file claims online or at any of their branches.

Custodian Investment Plc is a leading Nigerian holding company operating in insurance, pension fund administration, and investment management. Listed on the Nigerian Exchange (NGX), the group operates two primary subsidiaries: Custodian Life Assurance Limited and Custodian and Allied Insurance Limited, both NAICOM licensed. Founded in 1990 and headquartered in Ikoyi, Lagos, Custodian is one of Nigeria's highest-rated insurance groups for financial strength, claims payment, and customer service. The group manages over ₦400 billion in assets. Custodian Insurance offers comprehensive motor, property, marine, oil and gas, and life insurance products. Custodian Trustees Limited provides estate planning and trust services. The group is known for its blue-chip client base, premium service delivery, and rapid claims settlement, making it a preferred insurer for Nigeria's corporate and high-net-worth segment.