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Top 10 Insurance Brokers in Nigeria

An insurance broker is a person or an enterprise registered to act as a middle man between insurance buyers and insurers. The Nigerian Council of Registered Insurance Brokers (NCRIB) included 338 registered insurance brokers, as of August 2019.

However, enrollment with the NCRIB is a must-have to be licensed by the National Insurance Commission (NAICOM)

In Nigeria, insurance brokers are governed by the NCRIB and regulated by the NAICOM. Any individual acting as an insurance broker busy be licensed by the NAICOM. Ensure that any insurance broker you choose to employ is registered with the NCRIB.

insurance brokers in Nigeria

An Insurance house in Nigeria filled with Insurance brokers

Top 10 Insurance Brokers in Nigeria

1. Glanvills Enthoven

Glanvill Enthoven and Co. Nigeria Limited started up as a licensed incorporated insurance and reassurance brokers company. They are registered with the NCRIB and obtained a license for NAICOM.

They are part of the Odua’s group of companies. They are in coalition with Lockton Companies LLC, USA from a prevailing technical and business service arrangement

Their core services include:

  1. Annuity insurance.
  2. Bonds
  3. Claims consulting and lots more.
  4. Motor insurance

2. Northlink Insurance Brokers

North link Insurance Brokers Plc was founded in 1989 with a share capital of N100, 000,000. It’s surly live by the NAICOM to render insurance brokerage services

They go the extra mile in their services to provide significance to clients, with their services ranging from; filing, presentation, and prosecution of claims to providing analysis and reports at no extra cost to the client.

Their core services include;

  1. Workmen compensation
  2. Individual and group life policies
  3. Fire and special perils
  4. Fidelity guarantee
  5. Money insurance

3. Colenson Insurance Brokers

Colenson Insurance Brokers was established in the year1983. They are one of the longest serving Insurance Brokers, and they have continued to provide insurance services with an admirable level of knowledge and experience.

They are mainly into Oil & gas insurance, Liability Life assurance and Home insurance.

Their core services include:

  1. Oil and gas insurance.
  2. Home insurance
  3. Life insurance
  4. Liability insurance

4. Carrier Insurance Brokers

Carrier Insurance Brokers was enrolled in 1994 and was approved by the NAICOM to procure all forms of insurance services. They offer one of a kind skilled services to both public organizations and the private sector.

They are mainly into:

  1. Professional Indemnity Insurance
  2. Group Life Insurance
  3. Fidelity Guarantee Insurance
  4. Public Liability Insurance

5. Hilltop Insurance Brokers

The Hilltop Insurance Brokers Limited was launched in 2003 as an LLC. They provide insurance brokering services, as well as Risk Management and consultancy services in Marin, oil and gas, motor, life, and general insurance business.

Their main areas of operation are:

  1. Fidelity Guarantee
  2. Life and general insurance services
  3. Workmen insurance
  4. Marine, oil and gas insurance services
  5. Money insurance

6. Hogg Robinson Nigeria

Hogg Robinson Nigeria was enrolled as an issuance broker in 1974 by the Corporate Affairs Commission. They give all kinds of insurance services. They have international confederates from which they continue to gain proficiency and mastery to offer the best of their trade.

Their services include the following areas:

  1. multinational risk management
  2. Oil and gas, marine, and Aviation Insurance
  3. Engineering Insurance
  4. Industrial and commercial reinsurance

7. Union Commercial Insurance Brokers

Before now, Union Commercial Insurance Brokers Limited was called Rock Insurance Brokers Unlimited and operated at the time as a Private Limited Liability Company. Subsequently, the company was re-registered as an insurance company to carry out all forms of insurance, under the National Insurance Commission.

Their core services include:

  1. Health insurance.
  2. Insurance for small and medium enterprise(SMEs)
  3. Life insurance.
  4. Motor insurance
  5. Travel insurance.

8. Insurance Brokers of Nigeria (IBN)

IBN was established in 1955 then known as C.T Bowring and company (Incorporated Insurance Brokers). They are the first insurance broking and risk advisory firm in Nigeria. They offer creative risk and insurance management solutions.

  1. Insurance brokerage
  2. Aviation, marine, hull and cargo insurance.
  3. Wholesale reinsurance
  4. Industrial risk protection
  5. Energy and power

9. Nigerian Life and Provident Company Limited

It is more than five decades now since the Nigerian Life and Provident Company Limited started operations in Nigeria. The core focus of the company is management of stipend and the provision of consultancy services as regards stipends management and allied insurance issues in Nigeria. They are now one of the largest financial service providers with top innovations in insurance brokerage, employee fund management, training, and lots more.

Their core services include;

  1. General insurance
  2. Group life insurance
  3. Individual life insurance
  4. Risk Analyst Insurance Brokers

10. The Hilltop Insurance Brokers Limited

The Hilltop Insurance Brokers Limited was launched in 2003 as an LLC. They provide insurance brokering services as well as Risk Management and consultancy services in Marine and oil and gas. They also provide consultancy services in general insurance business as well as motor, and, life insurance.

Their core services include;

  1. Fidelity Guarantee
  2. Life and general insurance services
  3. Marine, oil and gas insurance services
  4. Money insurance
  5. Workmen insurance

Conclusion

Before you choose an Insurance Broker, ensure that they are registered under the NCRIB and licensed by the NAICOM. You have the right to request for their certificates as evidence.

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