West Africa · NG · NGN
Nigeria
51 licensed entities supervised by the National Insurance Commission.
- Listed insurers
- 51
- Insurance classes
- 4
- Groups present
- 13
A sense of place
Beyond the numbers.
Heritage, places of work and the landscapes that connect them. Three selected references behind this artistic portrait.
Local names, languages & illustration notes
Selected local names and languages, with links to the references behind this artistic composition.
Nigeria
- English
- Nigeria
Name reference: mledoze/countries · ODbL data · ODbL licence. Flag artwork: flag-icons · MIT.
By class of business
Each company is counted once, under the class its register row records. The supervisor’s own tally counts licences, so a company licensed for more than one class appears more than once there.
By ownership
Verification log
Partially verified - recapitalisation register · NAICOM notices 31 Jul, 13 Aug and 24 Aug 2026 (NIIRA 2025 minimum capital compliance); NAICOM takaful operators register (naicom.gov.ng/takaful-operators)
51 rows = NAICOM's 50 confirmed compliant operators (48 insurance + 2 reinsurance) plus African Reinsurance Corporation, a multilateral outside the NIIRA recapitalisation. Partial, not full: the compliance list is a subset of NAICOM's licensed population. Five licensed takaful operators (Crown, Hilal, Jaiz, Noor, Salam - licences RTC-097, RTC 003, RTC 092, RTC 091, RTC 004) and the licensed microinsurers are separately licensed and are not itemised here, so a carrier absent from this market may still be licensed by NAICOM. Removed as not on the compliance list: Universal (licence revoked with effect from 14 Aug 2026 and a receiver appointed, but a Federal High Court restraining order extended 4 Sep 2026 stays enforcement pending the company's suit), Staco, Old Mutual Nigeria, Royal Exchange Life, African Alliance, Goldlink and others. Nigeria Re and NICON are absent from the compliance list rather than revoked: the Federal Ministry of Finance directed NAICOM to suspend the disputed N680m recapitalisation fees and the CBN escrow demand against both pending a petition (letter 6 Aug 2026, ref F/LEG/0608/2026/22). Added NPF Insurance, Rex, Unitrust, emPLE, Fortis Global, IGI, CHI Life
2026 market notes
NIIRA 2025 recapitalisation closed 31 Jul 2026; 48 insurers + 2 reinsurers confirmed compliant (NAICOM notices 31 Jul, 13 Aug 2026)
Effect on directory: Register reduced from ~58 to 50 operators; non-compliant firms omitted
Nigeria Reinsurance Corp licence revoked; receiver/liquidator appointed 3 Aug 2026
Effect on directory: Removed from Reinsurers sheet
Universal Insurance licence revoked; litigation pending (Aug 2026)
Effect on directory: Omitted pending court outcome
NSIA Insurance exited life business; portfolio transferred to CHI Life (Sep 2026)
Effect on directory: NSIA listed as non-life only
Licensed insurers in Nigeria
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West Africa
