Insurance Companies play a part in mitigating risk. The major function of an insurance company is to indemnify against risk. Various insurance companies are in the business of indemnifying dangers. These dangers may include fire, burglary or cargo shipment. However the case may be, many insurance companies can come to the rescue when this happens. This article is designed to discuss the best insurance companies in Nigeria
Best Insurance Companies In Nigeria
Here are the top ten best insurance companies in Nigeria:
GoldLink Insurance Plc
GoldLink is another insurance company that offers a variety of services. Some of the services include special risk, fire and life insurance. Gold Link has a broad portfolio in the insurance market. Due to the quality it possesses, it has bagged a lot of awards. One of the awards is the African Business Quality Global Gold Award. This award is given to companies with strong reputations in the market.
Universal Insurance Policy
The Universal Insurance Policy has been referred to as one of the best insurance companies in Nigeria. They have always been a strong force in the insurance market. Universal Insurance Policy has been in existence for over 69 years. They boast of some of the best policy that fits the Nigerian market. Clients enjoy the services of Universal Insurance because of their relentless effort to indemnify people.
Consolidated Hallmark Insurance (CHI)
Consolidated Hallmark Insurance is one of the best insurance companies in Nigeria. It is one of the leading insurance companies for corporate and business organizations. It is owned and controlled by Eddie Efekoha. This company uses both technology and records to assist their clients.
They offer services ranging from aviation risk management, home insurance and goods in transit. With CHI, it is very easy to make a claim. All you need do is log in to their website. Everything about CHI is processed by technology.
First Assurances Plc
First Assurances Plc is one of the foremost insurance companies in Nigeria. At first, this insurance company started as a private limited company. Then, it progressed into being a public company. Thereby, allowing the public to purchase shares. First Assurance has an abundant variety of insurance plans. This plan ranges from life to fire insurance.
First Assurance company can be found anywhere in Nigeria. It boasts of several branches in Nigeria. Also, you can reach them on various social media platforms. First Assurance has made it easier for the client to insure their properties in the comfort of their homes.
African Alliance Insurance Company
The African Alliance Insurance Company came into existence in 1960. This insurance company is one of the oldest insurance companies in Nigeria. They provide a variety of insurance plans for business owners and individuals. It is one of the recommended insurance plans for the corporate world. This is because their plans cover contingencies arising from shipping merchandise.
African Alliance Insurance Company has one of the best customer care representatives. They are ready to respond to your complaint at any time of the day. African Alliance has also been recognized both in and outside the country.
Niger Insurance
Niger Insurance is another hardworking insurance company. They are one of the longest-serving companies in the industry. Aside from being the oldest, they have withstood competition from industry rivals. Niger Insurance is specifically designed to manage the risk of individuals and companies. Knowing the risks associated with companies has made them a top player in the industry. Niger Insurance offers different services like fire and marine insurance amongst others.
Leadway Assurance
Leadway Assurance is one of the leading insurance companies. It uses technologies that are fast and reliable in indemnifying. Leadway is known for its service delivery and efficient service. They use platforms such as social media to advertise their service. Leadway Assurance Plc has competitive services such as Business, Personal and Asset Management Policy. On their website, clients dropped testimonies of their success stories with Leadway Assurance.
Cornerstone Insurance Plc
Cornerstone Insurance Plc was set up in 1991. However, six years later they began selling their shares. This company has been duly registered by the National Insurance Commission (NAICOM). One of the milestones of Cornerstone Insurance Plc is that they were the first to start online insurance transactions. This made it easier for their clients to purchase a policy that they deemed fit.
Lasaco Assurance Plc
Lasaco Assurance Plc is one of the best insurance companies out there. This company is committed to ensuring that clients get indemnified for their loss. Lasaco Plc is one of the market leaders in the industry. From the name, you can tell that they specialise in Life Insurance. They also specialized in other insurance policies such as general and oil and gas. The beauty of this platform is that its customer care agent is ready to work around the clock.
Regency Alliance Insurance Plc
This company has been in existence for over 31 years. Regency Alliance Insurance has gained Nigerian trust for its reputable service delivery. The company has had remarkable success in recent years. They have been listed as a public limited liability company. Regency Alliance Insurance Plc has a variety of insurance policies designed for you. Their policies range from fire, marine and life insurance plans.
Conclusion
The insurance companies listed above vary in their policy. Some insurance companies provide cover against business-associated risk. While some, provide cover against personal or home risk. Therefore, you are required to do diligent research in choosing the insurance coverage that is best for you.3