Photo: S.aderogba, Wikimedia Commons, CC BY-SA 4.0Insurance companies in Nigeria
The 2026 NAICOM list
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Get the free PDFHow to check an insurer before you buy
- Find the company named on your policy in the lists below or in NAICOM's notices of 31 July 2026 and 13 August 2026.
- Check the broker or app that sells you the policy: brokers are on NAICOM's broker list, and insurtechs must display their NAICOM licence (insurtech guidelines).
- For a motor policy, verify the certificate on askNIID.
Step by step: check an insurer, broker or HMO.
Non-life, life, composite: what the lists mean
- Non-life (general) insurers sell motor, property, marine, liability and similar cover; minimum capital ₦15 billion.
- Life insurers sell life, annuity and savings policies; minimum capital ₦10 billion.
- Composite insurers do both; minimum capital ₦25 billion. Reinsurers: ₦35 billion (NAICOM circular).
- Takaful operators run cooperative, Shariah-compliant insurance; microinsurance companies sell small covers, most under a state licence (NAICOM takaful, microinsurance).
Health maintenance organisations are accredited by the NHIA, not NAICOM: list of HMOs. Profiles of three insurers people search for: AXA Mansard, Leadway, AIICO.
The list: 73 licensed insurers in Nigeria
As published by the NAICOM — Insurance and reinsurance companies compliant with the minimum capital requirements under NIIRA 2025 (NAICOM notices of 31 July and 13 August 2026; takaful and microinsurance lists retrieved 31 October 2026). Names are reproduced as the regulator lists them. Being on this list means a company is licensed; it is not a rating or a recommendation.
Non-life insurers 28
- Alliance & General Insurance Plc
- Anchor Insurance Company Ltd
- Capital Express Indemnity Insurance Limited
- Consolidated Hallmark Insurance Limited
- Coronation Insurance Plc
- Custodian and Allied Insurance Limited
- emPLE General Insurance Limited
- Fin Insurance Company Limited
- Guinea Insurance Plc
- Heirs General Insurance Limited
- International Energy Insurance Plc
- KBL Insurance Ltd
- Linkage Assurance Plc
- Mutual Benefits Assurance Plc
- NEM Insurance Plc
- NPF Insurance Company Ltd
- NSIA Insurance Limited
- Prestige Assurance Plc
- Regency Alliance Insurance Plc
- Rex Insurance Limited
- Sanlam-Allianz General Insurance Nigeria Ltd
- Sovereign Trust Insurance Plc
- Sterling Assurance Nigeria Limited
- Sunu Assurances Nigeria Plc
- Tangerine General Insurance Ltd
- Unitrust Insurance Co. Limited
- Veritas Kapital Assurance Plc
- Zenith General Insurance Company Limited
Life insurers 12
- Capital Express Life Assurance Limited
- CHI Life Assurance Limited
- Coronation Life Assurance Limited
- Custodian Life Assurance Limited
- emPLE Life Assurance Limited
- Enterprise Life Assurance Company (Nigeria) Ltd
- Heirs Life Assurance Limited
- Mutual Benefits Life Assurance Ltd
- Prudential Zenith Life Insurance Ltd
- Sanlam-Allianz Life Insurance Nigeria Limited
- Stanbic IBTC Insurance Limited
- Tangerine Life Insurance Limited
Composite insurers (life and non-life) 8
- AIICO Insurance Plc
- AXA Mansard Insurance Plc
- Cornerstone Insurance Plc
- Fortis Global Insurance Plc
- Great Nigeria Insurance Plc
- Industrial and General Insurance Plc
- LASACO Assurance Plc
- Leadway Assurance Company Limited
Reinsurers 2
Reinsurers insure insurers; they do not sell to the public.
- Continental Reinsurance Plc
- FBS Reinsurance Limited
Takaful operators 5
From NAICOM's list of takaful operators (general and family takaful), retrieved 31 October 2026. They were not part of the capital notices of July and August 2026.
- Crown Takaful Insurance
- Hilal Takaful Nigeria Limited
- Jaiz Takaful Insurance Plc
- Noor Takaful Plc
- Salam Takaful Insurance Limited
Microinsurance companies 18
From NAICOM's list of microinsurance companies, retrieved 31 October 2026: 17 hold a state licence and 1 (Chi Microinsurance) a national licence.
- Ally Microinsurance Limited
- Casava Microinsurance Limited
- Chi Microinsurance Company Limited
- Creditstar Microinsurance Limited
- Dot Microinsurance Limited
- Goxi Microinsurance Company Limited
- Lifeguard Microinsurance Limited
- Mufasa Microinsurance Limited
- Mutual Aid Microinsurance Limited
- Nassure Microinsurance Nigeria Company
- Nest Microinsurance Limited
- New Dawn Microinsurance Limited
- Prudent Choice Microinsurance Limited
- Rubies Microinsurance Limited
- Sagamu Microinsurance Limited
- Turaco Microinsurance Company Ltd
- Vertex Microinsurance Limited
- Yes Microinsurance Limited
Insurer profiles in Nigeria
The main insurance groups, with every licensed company behind the brand and where else it is licensed.
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Frequently asked questions
How many insurance companies are in Nigeria?
48 insurance companies and 2 reinsurance companies were confirmed by NAICOM as compliant with NIIRA 2025's minimum capital in July and August 2026: 28 non-life, 12 life and 8 composite insurers. NAICOM also lists takaful and microinsurance companies.
What are the top 10 insurance companies in Nigeria?
Tulinde does not rank insurers. NAICOM publishes the licensed list and market totals, not an official top 10; compare the policy wording, exclusions and claims process of at least two licensed insurers.
Is my insurance company still licensed after the recapitalisation?
Check its name on NAICOM's notices of 31 July and 13 August 2026. If it is not there, ask NAICOM (info@naicom.gov.ng) before you renew.
Sources
- NAICOM — Notice to the general public: insurance and reinsurance companies confirmed as compliant with the minimum capital requirements under NIIRA 2025 (31 July 2026)
- NAICOM — Notice to the general public: additional seven insurance companies confirmed as compliant with the minimum capital requirements under NIIRA 2025 (13 August 2026)
- NAICOM — Circular NAICOM/CFI/DCT/NIIRA2025-RECAP/001: implementation of the new minimum capital requirement prescribed by NIIRA 2025 (12 August 2025)
- NAICOM — NAICOM announces successful completion of the insurance sector recapitalization exercise (2 August 2026)
- NAICOM — General (non-life) insurance companies (retrieved 31 October 2026)
- NAICOM — Life insurance companies (retrieved 31 October 2026)
- NAICOM — Composite insurance companies (retrieved 31 October 2026)
- NAICOM — Reinsurance companies (retrieved 31 October 2026)
- NAICOM — Takaful operators (retrieved 31 October 2026)
- NAICOM — Microinsurance companies (retrieved 31 October 2026)
- NAICOM — Insurance brokers (retrieved 31 October 2026)
- NAICOM — Guidelines for Insurtech Operations in Nigeria (August 2025, in force 1 August 2025)