You asked: How many reinsurance companies do we have in Nigeria?

According to the National Insurance Commission (NAICOM) website, there are fifty-six (56) registered insurance companies and two (2) reinsurance companies in Nigeria.

How many registered insurance companies do we have in Nigeria?

Furthermore, in 1997, the Federal Government of Nigeria created the National Insurance Commission (NAICOM). They saddle them with the responsibilities of overseeing and organizing insurance activities in Nigeria. As of today, according to NAICOM, there are a total of 58 Insurance companies in Nigeria.

What are the re insurance business in Nigeria?

REINSURANCE COMPANIES TRANSACTING REINSURANCE BUSINESS

S/N NAME OF COMPANY AUTHORIZED BUSINESS
1 CONTINENTAL REINSURANCE PLC Reinsurance
2 NIGERIA REINSURANCE CORPORATION Reinsurance
3 FBS REINSURANCE LTD Reinsurance

Who are the top 3 insurance companies?

Top 10 Writers Of Life/Annuity Insurance By Direct Premiums Written, 2020

Rank Group/company Direct premiums written (1)
1 MetLife Inc. $103,335,055
2 Equitable Holdings 62,688,657
3 Prudential Financial Inc. 61,913,976
4 New York Life Insurance Group 40,211,642

Which insurance company is the oldest in Nigeria?

The Royal Exchange Assurance Agency officially became the oldest insurance company in the history of insurance in Nigeria. For its indigenous variant; native to Nigerians, the African Insurance Company Limited holds the position. It appeared and started providing its services in 1958.

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Which pension company is the best in Nigeria?

TOP 10 BEST PENSION COMPANIES IN NIGERIA 2021

  • AXA MANSARD PENSIONS LIMITED. …
  • CRUSADERSTERLING PENSIONS LIMITED. …
  • NLPC PENSION FUND ADMINISTRATORS LTD. …
  • LEADWAY PENSURE. …
  • SIGMA PENSIONS. …
  • OAK PENSIONS. …
  • FIDELITY PENSION MANAGERS LIMITED. …
  • STANBIC IBTC PENSION MANAGERS LTD.

Which HMO is the best in Nigeria?

Top 10 HMO in Nigeria

  1. Hygia HMO. Hygia is one of the oldest and most prominent HMOs in Nigeria, with over 30 years of experience under their belt. …
  2. Reliance HMO. …
  3. Health point HMO. …
  4. IHMS HMO. …
  5. AIICO HMO. …
  6. Redcare Health Service Limited. …
  7. Hallmark. …
  8. Greenbay.

How much does insurance company pay in Nigeria?

A person working in Insurance in Nigeria typically earns around 340,000 NGN per month. Salaries range from 126,000 NGN (lowest average) to 655,000 NGN (highest average, actual maximum salary is higher). This is the average monthly salary including housing, transport, and other benefits.

Who is the largest insurance company?

State Farm is the largest auto insurance company in the U.S. and possesses 16% of the total available market share.

Which insurance company has the highest customer satisfaction?

The best car insurance companies

Rank COMPANY J.D. POWER CLAIMS SATISFACTION SCORE, 2020
1 New Jersey Manufacturers Insurance Co. 909
2 Amica Mutual 907
3 Auto-Owners Insurance Group 890
4 USAA 890
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