Insurance Companies Rating In Nigeria
The company started in 1963 as a pension and asset management group.
Insurance companies rating in nigeria. Also the company bids asset management services as well as investment management services medical insurance solutions and pension fund administration with the help of its three subsidiary companies axa mansard health axa mansard investments limited. Aiico insurance is one of the well recognised insurance companies in nigeria. Aiico insurance plc is an insurance. The top 10 insurance companies in nigeria 1.
You may also want to consider the price factor when searching and eventually choosing your insurance company. Rated among the top 10 in nigeria custodian insurance company stands out among the competition. Axa mansard insurance plc guaranty trust assurance plc is also rated as one of my best insurance companies in nigeria. In other words if the price is affordable go for it.
Nigerian insurance companies have been charged to open themselves up to international credit rating. In no particular order here is. Go through stock ratings and business resources to get the information you are searching for. To know a top insurance company they must be popular among the public must have a good track record and most of all must have excellent customer rating.
Their foundation is based on trust. Frankly most of the insurance companies would pass criteria 2. Equity life insurance co. Using criteria three to determine the best insurance company in nigeria.
In a paper titled international rating of insurance companies in nigeria the former head of strategy at naicom babajide oniwinde said it is important for insurers to seek for independent assessment of their financial strength and claims payment capabilities using international credit rating agencies. There are factors in rating the best insurance firms. I would rather move to the all important three. Currently aiico is the 2nd largest insurance company in nigeria.
While there are other insurance firms like lead way inusrance mansard niico standard insurance e t c that you can start off with these ones listed above stand out from the rest. Autoflex plan auto go auto classsic and others. But which of these are considered the best to start with. Rated among the best 10 insurance companies in nigeria custodian insurance company stands out among the competition.
Some of the products they offer include auto insurance which includes. Lasaco insurance company has become one of the major players in the field of insurance companies in early 80s. Such a company occupies one of the positions among top 10 insurance companies in nigeria. Lagos is a state in nigeria with many registered insurance companies offering various services.
Ltd formerly called first nigeria insurance company limited equity life insurance was incorporated on the 10th of november 1983 and was licensed as life specialist company to transact life and pension business. This insurance company provides products and services life and non life to private individuals and corporate institutions in nigeria. So the company has gained a lot of experience in the aforementioned sphere.
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