As you should already know, we cannot overstate the immense contribution the insurance industry has towards the growth and development of any Nation.
As a matter of fact, the insurance business is the only existing business that helps to protect other businesses from potential risks.
Furthermore, the insurance industry has a very organized structure with different bodies regulating and directing the affairs of the industry.
An insurance broker is a registered business or individual, who specializes in advising and purchasing insurance cover on behalf of his client from the insurer.
In fact, as of August 2019, there are well over 330 insurance brokers in Nigeria. Before a broker can operate In Nigeria, it is important that they register with The Nigerian Council of Registered Insurance Brokers (NCRIB). In addition, they must also have a license to operate from the National Insurance Commission (NAICOM).
As we have already stated, there are well over 330 brokers in Nigeria, but this article covers the top 15 registered brokers in Nigeria.
In no particular order, the list of registered insurance Brokers in Nigeria are:
- 1. Colenson Insurance Brokers
- 2. Hilltop Insurance Brokers
- 3. Risk Analyst Insurance Brokers
- 4. Nigeria life and provident company limited
- 5. Union commercial Insurance Brokers
- 6. Glanvills Enthoven
- 7. Hogg Robinson Nigeria
- 8. Carrier Insurance Brokers
- 9. Northlink Insurance Brokers
- 10. Insurance Brokers of Nigeria (IBN)
- 11. Mascot Insurance Brokers Limited
- 12. Nasco Nigeria Insurance Brokers Limited
- 13. Bellcrest Insurance Brokers Limited
- 14. Eshor Insurance Brokers Limited
- 15. Dinta Risk and Insurance Brokers Limited
- 16. Leverage Insurance Brokers Limited
- 17. Liberty and Trust Insurance Brokers Limited
- 18. First Cornerstone Insurance Brokers Ltd
- 19. Peril Guard Insurance Brokers L.t. d
- 20. Zillion Insurance Brokers Ltd.
1. Colenson Insurance Brokers
Colenson Insurance Broker started operation in the year 1983, and since their inception, they have established businesses in every major insurance field. In Nigeria, they are one of the longest operating brokers. Furthermore, they specialize majorly in financial risks, Accident, Life, Liability, and Transportation.
2. Hilltop Insurance Brokers
As a requirement by Nigeria, they incorporated Hilltop brokers in 2003 as a Private Limited Liability company. They were incorporated and licensed to generally carry out the business of Insurance Broking, Risk management. Also, they are licensed for consultation in Marine, Motor, life, and general business insurance.
3. Risk Analyst Insurance Brokers
Risk Analyst Insurance Brokers started operation in the year 2003. They specialize generally in Insurance Broking, Risk Management, and Reinsurance. Over the years, Risk Analysts have continued to provide excellent broking services to meet the needs of their customers.
4. Nigeria life and provident company limited
Formerly operating as Nigeria Life and Pension Consultant Limited, the Nigeria life, and provident company Limited started operation in Nigeria 50 years ago. They are a responsible organization that over the years has grown to become one of the top guns in the insurance industry. Furthermore, their core services center generally on fund management, Life insurance, and General Insurance.
5. Union commercial Insurance Brokers
Union commercial Insurance Brokers started out as a Private Limited Liability Company under Rock Insurance Brokers. However, in the year 1997, they re-registered to function independently as an insurance broker to carry out all classes of the insurance business. Their core services are basically Life Assurance, General Insurance, and Special Risks.
6. Glanvills Enthoven
Glanvills Enthoven Insurance Broker was incorporated in 1957 to function as an insurance brokerage firm. The main aim of this establishment is to provide its clients with risk solutions. Over the years, Glanvills Enthoven has built a pedigree of the highest quality, and they have operated continuously since inception. They are a member of the NCRIB and NAICOM.
7. Hogg Robinson Nigeria
The Corporate Affairs Commission (CAC) licensed this company to transact as an insurance broker in 1997. Hogg and Robinson Nigeria have a lot of international business partners. These partners have been their well of knowledge and expertise. Furthermore, they major in Engineering Insurance, Risk Management, and Industrial and Commercial Insurance.
8. Carrier Insurance Brokers
Licensed in 1994 by NAICOM to transact business generally as an Insurance Broker. Carrier Insurance Brokers specializes in Professional Indemnity, Fidelity, and Group life insurance. This insurance broker has a notable year of experience in the insurance industry, and they have a team of experienced experts.
9. Northlink Insurance Brokers
Northlink Insurance Broker is not just a typical insurance broker. In fact, they go the extra mile to satisfy their clients.
NAICOM license Northlink Brokers in1989 to render brokerage services to its clients. Their major area of services includes Money insurance, Individual and group life policies.
10. Insurance Brokers of Nigeria (IBN)
Also known as IBN, the Insurance Brokers of Nigeria started business in 1955. Although they started as CT Bowring and Company Incorporated Insurance Brokers but later changed the name. They are the very first risk advisory in Nigeria with a track record of excellence. Their services include Wholesale reinsurance services, industrial risk protection, etc.
11. Mascot Insurance Brokers Limited
Over the years, Mascot Insurance Brokers Limited has grown to be one of the leading insurance brokers in Nigeria. They basically engage in claim services, Risk Management, Health Insurance, Life, and Pensions. Mascot Insurance is a licensed brokerage firm, and they have a strong customer base.
12. Nasco Nigeria Insurance Brokers Limited
Nasco Insurance started out as an Insurance outfit in Lebanon in 1969. However, through determination and hard work, they have expanded their reach outside Lebanon. Currently, they have branches in Nigeria, UAE, Egypt, Qatar, Tunisia, and France. Their major area of specialization is reinsurance, underwriting, and insurance broking.
13. Bellcrest Insurance Brokers Limited
Bellcrest Insurance Brokers is a licensed brokerage firm, given the authority by NAICOM to transact all insurance services. They major basically in Risks, consultancy, Aviation, etc.
14. Eshor Insurance Brokers Limited
Eshor Brokers Limited is licensed by the National Insurance Commission to provide general insurance services. As a company, their watchword is excellence. Eshor have their services tailored specifically to meet your needs.
15. Dinta Risk and Insurance Brokers Limited
Dinta Insurance Brokers Limited is a registered member of the Nigerian Council of Registered Brokers (NCRIB). In addition, they are licensed by the NAICOM to provide a wide range of insurance services to its clients.
16. Leverage Insurance Brokers Limited
They established Leverage Insurance Brokers Limited in 1991. In the same year, they licensed them to transact all classes of Insurance and reinsurance business in Nigeria. Leverage Insurance Brokers is committed to your freedom to help your business by maximizing your available financial resources.
17. Liberty and Trust Insurance Brokers Limited
This company is registered with NCRIB and also licensed by NAICOM to provide its customers with a wide range of insurance services. They major basically in motor insurance, brokering services, life, and health.
18. First Cornerstone Insurance Brokers Ltd
First Corner Insurance Brokers Ltd. Is a private limited Company. They incorporated them to manage risk, advice, and to perform all other classes of the insurance business. Furthermore, their core values are proficiency, Integrity, and Dependability.
19. Peril Guard Insurance Brokers L.t. d
Peril Gold is a registered Insurance Brokerage firm with NCRIB and NAICOM. They license them to provide the general public with all classes of insurance services. Their services include Motor, Life, Energy, and E-insurance.
20. Zillion Insurance Brokers Ltd.
Zillion Insurance is a young brokerage firm, registered and licensed by NCRIB and NAICOM. They registered as an insurance outfit in 2005 with the CAC to transact brokerage services. Furthermore, their main objective is to deliver innovative insurance products that best suit your needs. They major in risk management and general insurance.
It is important that you confirm the authenticity of any business before transacting with them. This is the same with a brokerage firm. It is important that you ensure they are registered with the NCRIB and licensed by NAICOM. In fact, many people have been a victim of circumstance because they did not carry out proper research before transacting with some insurance brokers. Therefore, ensure that you do your finding well. However, it is important to note that all Brokers that we list in this article are registered and you can transact with them.