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If you are looking for an Insurance company in Nigeria, you will be glad to know that there are plenty of good options. These companies include Law Union, Rock, Lasaco, and Cornerstone. Each one of them has its own unique advantages, and you should choose the best one for your needs. Let's have a look at some of them. They all have the same mission: to protect people's lives and property against various risks.
- Law Union
Law Union & Rock Insurance Plc is one of the leading insurance companies in Nigeria. Their services are categorized into three major classes: motor, home and household insurance. Law Union and Rock was founded in 1951 and has since remained a prominent insurance provider in Nigeria. In the past, they were an associate of Royal & Sun alliance Insurance Group, a subsidiary of RSA Insurance of the U.K., and in the present, they operate companies in Nigeria and Canada. They are licensed to operate as a general insurance business underwriter by the NAICOM.
The company is headquartered in Lagos, Nigeria. It provides a variety of products and services, a financial performance report, and key personnel. Its financial ratios provide key information to prospective partners, including annual and interim financial reports. In addition, Law Union and Rock Insurance have an extensive list of products and services, allowing potential partners to make an informed decision. Their financial health makes them an attractive investment for many investors. Besides, they offer competitive rates, a high-quality employee base, and a stable stock price.
In 2020, Verod Capital Management Limited acquired Law union & Rock Insurance Plc. Tangerine Africa acquired 100% of Law union and Rock and renamed it Tangerine General Insurance Limited. This company also operates subsidiaries in different sectors of the economy, including health care, travel, logistics, and gaming. The company will continue to provide insurance coverage for the affluent population of Nigeria. And they'll continue to grow and expand the business.
Tangerine General is a small player in the Nigerian insurance market, with a premium base of 1.7% and a relative market share of 0.5x. Its distribution channel concentration is high, with brokers accounting for 95% of the premium base. Tangerine General intends to reduce its reliance on brokers, increasing direct sales business, and leveraging group synergies to enhance its competitive profile. The company also expects to expand its retail and digital strategy, as these are the major drivers of the premium base.
The company is headquartered in Lagos, Nigeria. It provides a variety of products and services, a financial performance report, and key personnel. Its financial ratios provide key information to prospective partners, including annual and interim financial reports. In addition, Law Union and Rock Insurance have an extensive list of products and services, allowing potential partners to make an informed decision. Their financial health makes them an attractive investment for many investors. Besides, they offer competitive rates, a high-quality employee base, and a stable stock price.
In 2020, Verod Capital Management Limited acquired Law union & Rock Insurance Plc. Tangerine Africa acquired 100% of Law union and Rock and renamed it Tangerine General Insurance Limited. This company also operates subsidiaries in different sectors of the economy, including health care, travel, logistics, and gaming. The company will continue to provide insurance coverage for the affluent population of Nigeria. And they'll continue to grow and expand the business.
Tangerine General is a small player in the Nigerian insurance market, with a premium base of 1.7% and a relative market share of 0.5x. Its distribution channel concentration is high, with brokers accounting for 95% of the premium base. Tangerine General intends to reduce its reliance on brokers, increasing direct sales business, and leveraging group synergies to enhance its competitive profile. The company also expects to expand its retail and digital strategy, as these are the major drivers of the premium base.
- Rock
The Law Union and Rock insurance company in Nigeria is one of the leading providers of life and non-life insurance in Nigeria. The company was established in 1951 as a chief agency under the Royal International Insurance Holding which was a subsidiary of RSA Insurance in the United Kingdom. The company became a fully indigenous public quoted Insurance Company in 1969. It has been recertified by NAICOM and has been in business for over five decades.
The new core investor has paid substantial sums to the divesting commercial bank and has acquired about 60% of the stock of Law Union & Rock. It has put in place a strong management team and external consultants to unlock the value of the company. The new owner intends to turn the company into one of the top five insurance companies in Nigeria by 2015.
The new core investor has paid substantial sums to the divesting commercial bank and has acquired about 60% of the stock of Law Union & Rock. It has put in place a strong management team and external consultants to unlock the value of the company. The new owner intends to turn the company into one of the top five insurance companies in Nigeria by 2015.
- Lasaco
LASACO Assurance Plc is a Nigerian financial services group that specializes in life, health, property, and marine insurance. The company has 13 branches across Nigeria, and each of these offers the same quality service as the brand. For more information, you can visit the website or call the company's Lagos office. LASACO is one of the oldest insurance companies in Nigeria, and its history shows that the company is both reliable and reputable.
The company is led by seven members of its Board of Directors. The latest addition to the team is Disu Aderinola, who joined the company in November 2015. The other directors are Mr Segun Balogun, Managing Director; Engineer Ndanusa Sani; and Mr Akin Doherty, Director. There are also two Directors who hold specialized positions: Mr Oshinusi Rilwan and Abiodun Razzaq. LASACO also covers many special risks, such as earthquakes and hurricanes.
LASACO is owned by a consortium of companies that provide insurance and financial services. The directors are members of Accurate Brokers Nigeria, Anchoria Asset Management Limited, and Accident Assurance Plc. These companies provide an extensive range of financial services to individuals, businesses, and governments. Their executives have extensive experience in life, health, and oil and gas. They hold MBA, PGD, and a Master of Business Administration degree from the University of Lagos.
The company is led by seven members of its Board of Directors. The latest addition to the team is Disu Aderinola, who joined the company in November 2015. The other directors are Mr Segun Balogun, Managing Director; Engineer Ndanusa Sani; and Mr Akin Doherty, Director. There are also two Directors who hold specialized positions: Mr Oshinusi Rilwan and Abiodun Razzaq. LASACO also covers many special risks, such as earthquakes and hurricanes.
LASACO is owned by a consortium of companies that provide insurance and financial services. The directors are members of Accurate Brokers Nigeria, Anchoria Asset Management Limited, and Accident Assurance Plc. These companies provide an extensive range of financial services to individuals, businesses, and governments. Their executives have extensive experience in life, health, and oil and gas. They hold MBA, PGD, and a Master of Business Administration degree from the University of Lagos.
- Cornerstone
Cornerstone Insurance Company is a leading provider of insurance services in Nigeria. It offers a range of services and offers an online platform for its customers. Whether you are interested in purchasing an insurance policy for your home or your car, the company offers a wide range of options and the latest technology to help you find the best deal possible. Besides, it also provides nutritional assistance to its employees and customers. All this is offered at a very affordable price.
The company offers insurance products in both life and non-life categories. It also provides risk underwriting services and related financial services. Among its various products are life insurance, non-life insurance, group life assurance, personal accident insurance, wealth creation, and life and health. The company is also active in providing insurance solutions and services online, allowing its customers to access their policies without leaving their homes. As a leading insurance provider in Nigeria, Cornerstone Insurance has won numerous awards for its quality service and prompt responses.
Cornerstone Insurance PLC is a financial services provider that provides life, non-life, and Halal Islamic insurance products. Other services offered by the company include financial and asset protection, motor vehicle insurance, and liability to third parties. For more information, visit the company's website. The company is listed on the Nigerian Stock Exchange. For more information, visit Cornerstone Insurance Company. You can contact the company by calling them or visiting their website.
Before implementing Contentverse in its network, Cornerstone Insurance Company was using a traditional document storage solution. Paper documents were stored in offsite facilities and the company could not store them effectively. This led to inefficient working practices. Searching for documents became a cumbersome process. The company now uses Contentverse to store documents and reduce costs. Using Contentverse has helped the company save on paper consumption, storage costs, and transportation costs.
The company offers insurance products in both life and non-life categories. It also provides risk underwriting services and related financial services. Among its various products are life insurance, non-life insurance, group life assurance, personal accident insurance, wealth creation, and life and health. The company is also active in providing insurance solutions and services online, allowing its customers to access their policies without leaving their homes. As a leading insurance provider in Nigeria, Cornerstone Insurance has won numerous awards for its quality service and prompt responses.
Cornerstone Insurance PLC is a financial services provider that provides life, non-life, and Halal Islamic insurance products. Other services offered by the company include financial and asset protection, motor vehicle insurance, and liability to third parties. For more information, visit the company's website. The company is listed on the Nigerian Stock Exchange. For more information, visit Cornerstone Insurance Company. You can contact the company by calling them or visiting their website.
Before implementing Contentverse in its network, Cornerstone Insurance Company was using a traditional document storage solution. Paper documents were stored in offsite facilities and the company could not store them effectively. This led to inefficient working practices. Searching for documents became a cumbersome process. The company now uses Contentverse to store documents and reduce costs. Using Contentverse has helped the company save on paper consumption, storage costs, and transportation costs.
- IGI
With a youthful and expanding population, the Nigerian insurance industry has immense potential. Its oil reserves and large, young population are just some of the factors that contribute to its attractiveness. However, many factors have stymied the growth of this market, including volatility, uneven enforcement of mandatory retail insurance lines, and a lack of antitrust laws. In addition, the country has new proposed capital requirements that could slow the pace of growth.
LEADWAY Assurance Company Limited is a leading insurance company in Nigeria founded in 1970. Its services span life, health, and bond insurance. It is active on social media and offers a broad range of insurance products. In addition, the company is a fully-Nigerian company, known as CAIL. Its products include life, pensions, and special risks. In addition to offering these products, it also uses the latest technology, which allows for online payments.
Apart from being a top-tier company, Prestige Insurance Ltd also provides various services. These include life insurance, risk identification management, and claims advisory/management. The company has a solid reputation in the industry, and has won several awards, including the prestigious Insurance Broker of the Year award. It has served tons of clients since it started operating. Therefore, it is important to thoroughly research insurance companies before choosing a policy. The benefits of each insurer are discussed below.
Besides a leading insurance company in Nigeria, Cornerstone is another major insurer in Africa. It began operating on 26th July 1991 as a private limited liability company and went public in 1997. It has offices in Ghana, Gambia, Rwanda, and Uganda. Its branch network is spread across 45 urban areas in Nigeria. Its products cover life, fire, and special perils, workmen compensation, and group insurance. The company has a long history of serving the Nigerian population.
LEADWAY Assurance Company Limited is a leading insurance company in Nigeria founded in 1970. Its services span life, health, and bond insurance. It is active on social media and offers a broad range of insurance products. In addition, the company is a fully-Nigerian company, known as CAIL. Its products include life, pensions, and special risks. In addition to offering these products, it also uses the latest technology, which allows for online payments.
Apart from being a top-tier company, Prestige Insurance Ltd also provides various services. These include life insurance, risk identification management, and claims advisory/management. The company has a solid reputation in the industry, and has won several awards, including the prestigious Insurance Broker of the Year award. It has served tons of clients since it started operating. Therefore, it is important to thoroughly research insurance companies before choosing a policy. The benefits of each insurer are discussed below.
Besides a leading insurance company in Nigeria, Cornerstone is another major insurer in Africa. It began operating on 26th July 1991 as a private limited liability company and went public in 1997. It has offices in Ghana, Gambia, Rwanda, and Uganda. Its branch network is spread across 45 urban areas in Nigeria. Its products cover life, fire, and special perils, workmen compensation, and group insurance. The company has a long history of serving the Nigerian population.
