Nigeria · West Africa · class C
Composite insurance companies in Nigeria
8 licensed composite insurers, 16% of the 51 insurance entities supervised by the National Insurance Commission. Licensed to write both life and non-life business under one entity.
| Company | Class | Parent / group | Ownership | Regulator | Verification |
|---|---|---|---|---|---|
| AIICO Insurance Plc | CComposite | AIICO | Domestic private | NAICOM | Verified |
| AXA Mansard Insurance Plc | CComposite | AXA | Foreign multinational | NAICOM | Verified |
| Cornerstone Insurance Plc | CComposite | Cornerstone | Domestic private | NAICOM | Verified |
| Fortis Global Insurance Plc | CComposite | Independent | Domestic private | NAICOM | Verified |
| Great Nigeria Insurance Plc | CComposite | Insurance Resourcery | Domestic private | NAICOM | Verified |
| Industrial and General Insurance Plc | CComposite | IGI | Domestic private | NAICOM | Verified |
| LASACO Assurance Plc | CComposite | Independent | Domestic private | NAICOM | Verified |
| Leadway Assurance Co | CComposite | Leadway Group | Pan-African group | NAICOM | Verified |
No insurers match that filter.
About composite insurers in Nigeria
How many composite insurers are licensed in Nigeria?
8 of the 51 licensed insurance entities in Nigeria are classified as composite (16%), according to the NAICOM register as reflected in this directory (verified - full register).
Who regulates composite insurers in Nigeria?
National Insurance Commission (NAICOM), under Insurance Act 2003; NIIRA 2025 recapitalisation. Official website: https://naicom.gov.ng.
Are the composite insurers in Nigeria locally or foreign owned?
2 of 8 belong to pan-African or foreign multinational groups (including AXA, Leadway Group), 0 are state-owned, and the rest are domestic private companies.
Data: /api/v1/countries/nigeria.json (filter byclass = "composite"). Licence CC BY 4.0, attribute KAFS North America.