West Africa · NG · NGN

Nigeria

51 licensed entities supervised by the National Insurance Commission.

Verified against regulator register4 market notes in 2026 /api/v1/countries/nigeria.json

By class of business

By ownership

  • Domestic private33 65%
  • Pan-African group14 27%
  • Foreign multinational3 6%
  • Regional / multilateral1 2%

Verification log

Verified - full register · NAICOM notices 31 Jul & 13 Aug 2026

Register cut to 50 recapitalised operators; removed Nigeria Re (revoked), Universal (revoked, in court), Old Mutual Nigeria, Royal Exchange Life, African Alliance, Staco, takaful operators and others not confirmed compliant; 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

CompanyClassParent / groupOwnershipRegulatorVerification
AIICO Insurance PlcCCompositeAIICODomestic privateNAICOMVerified
AXA Mansard Insurance PlcCCompositeAXAForeign multinationalNAICOMVerified
Cornerstone Insurance PlcCCompositeCornerstoneDomestic privateNAICOMVerified
Fortis Global Insurance PlcCCompositeIndependentDomestic privateNAICOMVerified
Great Nigeria Insurance PlcCCompositeInsurance ResourceryDomestic privateNAICOMVerified
Industrial and General Insurance PlcCCompositeIGIDomestic privateNAICOMVerified
LASACO Assurance PlcCCompositeIndependentDomestic privateNAICOMVerified
Leadway Assurance CoCCompositeLeadway GroupPan-African groupNAICOMVerified
Alliance & General Insurance Plc
Confirmed 13 Aug 2026
GGeneral (Non-life)IndependentDomestic privateNAICOMVerified
Anchor Insurance CoGGeneral (Non-life)IndependentDomestic privateNAICOMVerified
Capital Express Indemnity InsuranceGGeneral (Non-life)Capital ExpressPan-African groupNAICOMVerified
Consolidated Hallmark InsuranceGGeneral (Non-life)Consolidated HallmarkDomestic privateNAICOMVerified
Coronation Insurance PlcGGeneral (Non-life)Coronation GroupPan-African groupNAICOMVerified
Custodian and Allied InsuranceGGeneral (Non-life)Custodian InvestmentDomestic privateNAICOMVerified
Fin Insurance CoGGeneral (Non-life)IndependentDomestic privateNAICOMVerified
Guinea Insurance Plc
Confirmed 13 Aug 2026
GGeneral (Non-life)IndependentDomestic privateNAICOMVerified
Heirs General InsuranceGGeneral (Non-life)Heirs HoldingsDomestic privateNAICOMVerified
International Energy Insurance PlcGGeneral (Non-life)IndependentDomestic privateNAICOMVerified
KBL InsuranceGGeneral (Non-life)IndependentDomestic privateNAICOMVerified
Linkage Assurance PlcGGeneral (Non-life)IndependentDomestic privateNAICOMVerified
Mutual Benefits Assurance PlcGGeneral (Non-life)Mutual BenefitsPan-African groupNAICOMVerified
NEM Insurance Plc
NGX-listed
GGeneral (Non-life)NEMDomestic privateNAICOMVerified
NPF Insurance CoGGeneral (Non-life)Nigeria Police Force / NPF PensionsDomestic privateNAICOMVerified
NSIA Insurance
Exited life business Sep 2026; portfolio to CHI Life
GGeneral (Non-life)NSIA GroupPan-African groupNAICOMVerified
Prestige Assurance PlcGGeneral (Non-life)New India AssuranceForeign multinationalNAICOMVerified
Regency Alliance Insurance Plc
Confirmed 13 Aug 2026
GGeneral (Non-life)IndependentDomestic privateNAICOMVerified
Rex Insurance
Formerly Royal Exchange General
GGeneral (Non-life)IndependentDomestic privateNAICOMVerified
Sanlam-Allianz General Insurance NigeriaGGeneral (Non-life)Sanlam AllianzPan-African groupNAICOMVerified
Sovereign Trust Insurance Plc
Confirmed 13 Aug 2026
GGeneral (Non-life)IndependentDomestic privateNAICOMVerified
Sterling Assurance NigeriaGGeneral (Non-life)IndependentDomestic privateNAICOMVerified
Sunu Assurances Nigeria PlcGGeneral (Non-life)Sunu GroupPan-African groupNAICOMVerified
Tangerine General InsuranceGGeneral (Non-life)Verod CapitalDomestic privateNAICOMVerified
Unitrust Insurance Co
Formerly Saham Unitrust
GGeneral (Non-life)IndependentDomestic privateNAICOMVerified
Veritas Kapital Assurance PlcGGeneral (Non-life)IndependentDomestic privateNAICOMVerified
Zenith General Insurance CoGGeneral (Non-life)Zenith BankDomestic privateNAICOMVerified
emPLE General Insurance
Confirmed 13 Aug 2026
GGeneral (Non-life)IndependentDomestic privateNAICOMVerified
CHI Life AssuranceLLifeConsolidated HallmarkDomestic privateNAICOMVerified
Capital Express Life AssuranceLLifeCapital ExpressPan-African groupNAICOMVerified
Coronation Life AssuranceLLifeCoronation GroupPan-African groupNAICOMVerified
Custodian Life AssuranceLLifeCustodian InvestmentDomestic privateNAICOMVerified
Enterprise Life Assurance Co (Nigeria)LLifeEnterprise GroupPan-African groupNAICOMVerified
Heirs Life AssuranceLLifeHeirs HoldingsDomestic privateNAICOMVerified
Mutual Benefits Life AssuranceLLifeMutual BenefitsPan-African groupNAICOMVerified
Prudential Zenith Life InsuranceLLifePrudential plcForeign multinationalNAICOMVerified
Sanlam-Allianz Life Insurance NigeriaLLifeSanlam AllianzPan-African groupNAICOMVerified
Stanbic IBTC InsuranceLLifeStandard Bank GroupPan-African groupNAICOMVerified
Tangerine Life Insurance
Confirmed 13 Aug 2026
LLifeVerod CapitalDomestic privateNAICOMVerified
emPLE Life Assurance
Confirmed 13 Aug 2026
LLifeIndependentDomestic privateNAICOMVerified
African Reinsurance Corp (Africa Re) - HQ
Multilateral; not subject to NIIRA recapitalisation
RReinsurerAfrica ReRegional / multilateralNAICOMVerified
Continental Reinsurance Plc
Group HQ Lagos
RReinsurerContinental RePan-African groupNAICOMVerified
FBS ReinsuranceRReinsurerIndependentDomestic privateNAICOMVerified