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List of Insurance Companies in Abuja

Insurance Companies In Abuja
Insurance Companies in Abuja

Are you a resident of Abuja and its environment looking for the list of insurance companies in Abuja? You’ve got to the right article.

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Insurance companies protect people from the uncertainties of modern life by acting as peace of mind guardians. Insurance companies are prepared to provide comprehensive coverage and dependable assistance for any need, including safeguarding homes against natural disasters, securing vehicles against accidents, and ensuring the health and well-being of people.

The insurance sector is broad and multidimensional, meeting a wide range of needs and tastes. These companies constantly innovate to meet new risks and changing consumer demands, whether they are providing standard life and property insurance or more specialized products like marine or agricultural insurance.

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Furthermore, the emergence of technology has brought about a digital and accessible era, completely changing the insurance landscape.

Insurance companies leverage cutting-edge technologies to streamline processes, enhance customer experiences, and extend their reach to previously underserved communities. Mobile applications, online portals, and digital platforms have become integral tools in delivering seamless insurance solutions to a tech-savvy population.

Beyond their role as risk mitigators, insurance companies in Abuja contribute significantly to the nation’s economic development and social welfare.

By mobilizing financial resources and fostering a culture of savings and investment, these companies fuel entrepreneurship, spur infrastructure development, and promote socio-economic resilience across various sectors.

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Let’s check out the list of the insurance companies in Abuja together. 

LIST OF INSURANCE COMPANIES IN ABUJA

1. NATIONAL HEALTH INSURANCE SCHEME (NHIS)

Location: 297 Shehu Yar’adua Way, Utako District, Abuja

The National Health Insurance Scheme is one of the leading insurance companies in Abuja. It is one of the well-known insurance companies in Abuja and Nigeria‌. 

Decree 35 established this company, in 1999 (now Act 35), and it functions as a Public-Private Partnership to give all Nigerians access to high-quality, reasonably priced healthcare.

The Federal Government of Nigeria officially gazetted as the National Health Insurance Authority (NHIA) it on May 24, 2022. Dr Kelechi Ohiri was appointed as the current CEO of NHIA.

SERVICES

  • Primary Healthcare Services
  • Inpatient and Outpatient Care
  • Emergency Medical Services
  • Medications and Prescriptions
  • Preventive Healthcare Services
  • Specialized Care and Treatments
  • Maternal and Child Health Services
  • Health Education and Counseling
Nhis Know Nigeria
NHIS| Insurance companies in Abuja

2. WAPIC INSURANCE PLC

Location: Metro Plaza, 2nd Floor, Right-wing, Plot 991-992, Zakariya Maimalaus Street, Central Business Area, Abuja

Wapic is one of the best insurance companies in Abuja. Their areas of expertise are property, general liability, and rental property insurance.

They also provide life insurance estimates, family healthcare plans, and insurance quotes.

Clients can feel secure and well-protected thanks to their extensive selection of offerings.

SERVICES

  • General Insurance
  • Life Insurance
  • Pension Administration
  • Health Insurance
  • Asset Management

3. PROHEALTH HMO

Location: Bassan Plaza, Plot 759 Independence Ave, Central Business District 900108, Abuja, Federal Capital Territory, Abuja, Nigeria

ProHealth HMO is devoted to supporting efforts to address Nigeria’s healthcare delivery financial dilemma.

Everyone can get access to high-quality healthcare services if they provide health insurance at a fair and reasonable price.

This will lessen the financial strain on people and families, allowing them to get the care they require without going over budget.

SERVICES

  • Health Maintenance Organization (HMO) Plans
  • Health Insurance Coverage
  • Managed Care Services
  • Primary Healthcare Services
  • Outpatient Care
  • Inpatient Care
  • Preventive Healthcare Services
  • Maternal and Child Health Services
  • Emergency Medical Services
  • Specialist Consultations
  • Diagnostic Tests and Procedures
  • Prescription Medications
  • Telemedicine Services
  • Health Education and Counseling
  • Wellness Programs and Initiatives

4. FIN INSURANCE COMPANY

Location: 34 Gana St, Maitama, Abuja

The Fin Insurance Company Limited is one of the insurance companies in Abuja that was established on April 24, 1981.

Besides creating standards in the insurance industry, the company has continuously aided in Nigeria’s economic development.

Fin Insurance is registered as an insurer of general and special risks insurance business by the Insurance Act 2003’s rules. Nonetheless, the business currently uses Cornerstone’s platform to offer life insurance and travel insurance.

SERVICES

  • Motor Vehicle Insurance
  • Property Insurance (Home, Office, etc.)
  • Marine Insurance
  • Travel Insurance
  • Health Insurance
  • Life Insurance
  • Personal Accident Insurance
  • Liability Insurance
  • Engineering Insurance
  • Aviation Insurance
  • Agriculture Insurance
Fin Insurance Company Know Nigeria
Fin Insurance Company| Insurance companies in Abuja

5. NIGERIAN AGRICULTURAL INSURANCE COMPANY

Location: Garki, FCT Abuja

The Nigerian Agricultural Insurance Company Limited is among the insurance companies in Abuja. 

This insurance company was founded in June 1988. Nigerian Agricultural Insurance Company is a government-owned company that was initially owned by the Nigerian Agricultural Insurance Scheme.

It became a Corporation owing to the Enabling Act 37 of 1993, in the year 1993.

Thus, the Nigerian Agricultural Insurance Corporation is a fully-owned subsidiary of the Federal Government of Nigeria Insurance Company, which was established especially to offer agricultural risk insurance coverage to Nigerian farmers.

SERVICES

  • Crop Insurance
  • Livestock Insurance
  • Fisheries Insurance
  • Agricultural Equipment Insurance
  • Farm Buildings Insurance
  • Farm Infrastructure Insurance
  • Agribusiness Insurance
  • Weather Index Insurance
  • Yield Index Insurance
  • Pest and Disease Insurance and many more

6. LINKAGE ASSURANCE PLC

Location: 21 Mambolo Street, Wuse, Abuja

Linkage Assurance Plc is one of the leading insurance companies in Abuja. This company was granted a license to provide non-life insurance business on October 7, 1993, following its incorporation on March 26, 1991.

The main office is located in Lagos, Nigeria, and there are branch offices in 13 other states as well.

As one of the top providers of insurance services in Nigeria, the business has a solid reputation for providing top-notch support and timely, sincere claims settlements that go above and above for clients.

Since their clients are their top priority, they have a fully functional customer service center that guarantees both excellent client satisfaction and a positive consumer experience. 

SERVICES

  • Motor Insurance
  • Property Insurance (Home, Office, etc.)
  • Fire Insurance
  • Marine Insurance
  • General Accident Insurance
  • Engineering Insurance
  • Aviation Insurance
  • Liability Insurance
  • Oil and Gas Insurance
  • Agriculture Insurance
  • Health Insurance
  • Life Insurance
  • Travel Insurance and many more
Linkage Assurance Plc 1 Know Nigeria
Linkage Assurance Plc| Insurance companies in Abuja

7. ZENITH INSURANCE COMPANY

Location: 131A Ademola Adetokunbo Crescent, Abuja. 

Zenith Insurance Company is among the leading insurance companies in Abuja. They provide top-notch insurance services to all their clients.

Zenith Insurance Company is a proponent of optimizing assets to attain exceptional outcomes that bolster both the company and its clientele.

As a result, they are constantly looking for creative individuals who appreciate working as a team and who flourish in a fast-paced, entrepreneurial atmosphere.

With the freedom, tools, and support Zenith Insurance offers you to chart your professional path across many disciplines and regions, you have an abundance of opportunities.

SERVICES

  • Motor Insurance
  • Property Insurance (Home, Office, etc.)
  • Marine Insurance
  • Aviation Insurance
  • Travel Insurance
  • Health Insurance
  • Life Insurance
  • Personal Accident Insurance
  • Liability Insurance
  • Engineering Insurance and many more

8. CORNERSTONE INSURANCE PLC

Location: Plot 487, Adetokunbo Ademola Street, Abuja

Cornerstone Insurance Plc was founded on July 26, 1991, as a private limited liability business. In 1997, it changed its status to public limited liability and was listed on the Nigerian Stock Exchange.

This company was founded to conduct insurance business in a way that is ethical, professional, and customer-focused, and it has stayed true to these principles over time. 

The National Insurance Commission (NAICOM) has granted the company a license and renewed its certification to conduct both general and life insurance business.

Cornerstone Insurance PLC offers both life and non-life insurance policies for sale. The company offers life, health, vehicle, fire, burglary, equipment, and accident insurance. Investment and pension programs are also provided by Cornerstone.

SERVICES

  • General Insurance & Risk Management Solutions.
  • Personal & Group Life Assurance Solutions.
  • Deposit Administration & Investment Management Solutions
  • Transportation 
  • Aircraft
  • Watercraft
  • Engineering
  • Complete Risks
  • Liability to Third Parties
  • Oil and Gas
  • Credit Life
  • Mortgage Protection
  • Term Assurance
  • Wealth-Building Products, and Takaful (Islamic Insurance) 

9. ALLIANZ NIGERIA INSURANCE LIMITED

Location: 75 Aminu Kano Crescent, Wuse, Abuja

Allianz Nigeria Insurance Limited is a composite insurance company that is authorized to conduct both life and non-life insurance business in Abuja.

It is one of the leading insurance companies in Abuja.

Allianz Insurance Limited serves over 30,000 customers.

They are dependable insurance companies, serving both individuals and businesses, by offering the coverage you require to safeguard and maintain the things that are most important to you. 

The board of directors of Allianz Nigeria is made up of successful individuals whose combined expertise is forming Nigeria’s most exciting insurance firm through openness, responsibility, and trust.

SERVICES

  • Corporate Insurance
  • Motor insurance 
  • Home and life insurance

10. THE NATIONAL INSURANCE COMMISSION (NAICOM)

Location:  Plot 1239, Ladoke Akintola Boulevard, Garki II

The National Insurance Commission (NAICOM) was founded in 1997 to manage, oversee, regulate, and control Nigeria’s insurance industry. It is among the insurance companies in Abuja

The National Insurance Commission’s duty includes regulating insurance commissions and premium rates, as well as creating and upholding standards for the Nigerian insurance industry.

The company is in charge of overseeing the regulation of exchanges between Nigerian and foreign insurers and reinsurers.

Its other responsibilities include developing safeguards for government property and counseling the government on insurance-related issues.

Additionally, the National Insurance Commission provides advice on all insurance-related issues to Federal Ministries and other relevant entities on any agreements Nigeria signs.

SERVICES

  • Regulation and Supervision of Insurance Companies
  • Licensing of Insurance Companies and Intermediaries
  • Registration of Insurance Products and Policies
  • Approval of Insurance Tariffs and Premium Rates
  • Consumer Protection and Complaints Resolution
  • Market Conduct Supervision
  • Enforcement of Insurance Laws and Regulations
  • Promoting Industry Development and Growth
  • Training and Capacity Building for Industry Professionals
The National Insurance Commission Know Nigeria
The National Insurance Commission| Insurance companies in Abuja

FREQUENTLY ASKED QUESTIONS 

What are the national health insurance program’s benefits?

NHIS Benefits
Participants in the NHIS are eligible for the following benefits: Outpatient care, including the provision of required supplies. pharmacological treatment, prescribed medications, and diagnostic tests as listed in the National Essential Drug List and Diagnostic Test List.

Which kind of insurance generates the greatest revenue for you?

Life insurance
One of the most profitable insurance categories to offer is life insurance. These policies, whether you are selling them to individuals or employers, are usually big and have high yearly premiums.

Is it worthwhile to insure in Nigeria?

Not really. The extremely low return on assets (ROA) of all insurance businesses in Nigeria suggests that the assets are not being used efficiently to generate revenue for the insurance company. Insurance companies would be more profitable if they held more assets.

CONCLUSION 

As we come to the end of our tour of insurance companies in Abuja, it is clear that these companies are more than simply profit-making enterprises—they are also stewards of our hopes and keepers of our tranquility.

insurance companies in Abuja are An example of creativity and adaptability in the face of unpredictability.

But these insurance companies stand out for their unwavering commitment to their customers, which goes beyond the paperwork and fees.

These unsung heroes make sure Abuja’s citizens may confidently pursue their goals by being there with a comforting voice on the phone and quick action when needed.

REFERENCES 

nigerianlistshub.com: 42 List of Insurance Companies In Abuja (2023)

businesslist.com.ng: The list of Insurance Companies in Abuja, Nigeria.

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