The red carpet begins at 4:00 pm, with the main event kicking off at 5:00 pm. This year's edition features intense competition across multiple categories, including the highly contested Insurance Company of the Year, where 15 leading insurers have been nominated for their outstanding performance, financial stability, innovation, customer service, and contributions to economic growth in the region and beyond.
Alexa News Network Limited (Alexa.ng) is proud to serve as an official media partner, providing comprehensive coverage, nominee profiles, and updates leading up to the grand finale.
Here are detailed profiles of the 15 nominees vying for Insurance Company of the Year:
1. Intercontinental Wapic Insurance Plc (now known as Wapic Insurance Plc / Coronation Insurance Plc)
Established in 1958 as one of Nigeria's oldest insurance providers, this company has evolved through key transformations, including its acquisition by Intercontinental Bank in 1997 (becoming Intercontinental Wapic) and subsequent rebranding. It offers a wide range of general and life insurance products, with subsidiaries in life assurance and operations in Ghana. Known for strong risk management, reinsurance capacity for major accounts (including oil and gas), and consistent growth in gross written premiums and profits, it remains a resilient player in the sector despite historical mergers.
2. Goldlink Insurance Plc
Incorporated in 1992 and licensed in 1993, Goldlink converted to a public liability company in 2007 and listed on the Nigerian Stock Exchange in 2008. As a wholly Nigerian-owned firm, it underwrites both life and general insurance, with specialized products for oil and gas, logistics, retail, and engineering risks. Headquartered in Lagos with nationwide branches, Goldlink emphasizes financial stability, prompt claims settlement, client-centered innovation, and long-term customer satisfaction. It has built a reputation for tailored solutions and trust-building in a competitive market.
3. Regency Alliance Insurance Plc
Formed in 2007 through the merger and consolidation of four insurers (originally incorporated in 1993), Regency Alliance stands as one of Nigeria's leading general insurance providers with over 20 years of experience. It excels in underwriting specialized risks, including aviation, marine, oil and energy, contractor all-risks, and professional indemnity. Renowned for deep expertise, superior claims handling, and customized products in collaboration with global partners, the company maintains a strong presence in the West African sub-region, backed by robust reinsurance and a commitment to professionalism.
4. Custodian & Allied Insurance Plc
A subsidiary of Custodian Investment Plc, this composite insurer focuses on innovation, customer satisfaction, and a diversified portfolio spanning general insurance (auto, travel, home, fire) and related financial services. Part of a larger conglomerate with interests in life assurance, pensions, trusteeship, and property, it benefits from strategic investments and strong governance. Known for reliability and growth-oriented solutions, Custodian & Allied serves individuals and corporates with a reputation for excellence in risk management.
5. African Alliance Insurance Plc
Incorporated in 1960 as Nigeria's first indigenous life assurance company, African Alliance is widely recognized as the nation's most experienced specialist life insurer. With over 63 years of operation, it offers personalized protection, savings, and investment products, including Takaful (Islamic insurance). The company boasts a strong track record of claims settlement (over ₦27.6 billion in recent years), ISO certification for business continuity, and a commitment to innovation and customer trust, serving thousands across Nigeria and beyond.
6. AIICO Insurance Plc
Founded in 1963 as a subsidiary of American International Group (AIG) and incorporated in Nigeria in 1970, AIICO is one of the market leaders in life assurance, annuities, general insurance, health, and asset management. Listed on the Nigerian Exchange since 1990, it has grown through acquisitions and boasts market-leading positions in retail life and non-life segments. With strong gross premiums (over ₦150 billion in recent years), extensive distribution, and a focus on innovation, AIICO serves diverse clients with reliability and scale.
7. Consolidated Hallmark Insurance Plc
Emerging from a 2007 merger and recapitalization, this leading general insurer specializes in special risks, including aviation, oil and gas, marine, motor, and engineering. With 15+ years of underwriting excellence, it prioritizes technology, integrity, and exceptional service delivery. Part of a larger holdings group offering integrated financial solutions (including health and microinsurance), Consolidated Hallmark is committed to changing perceptions of insurance through prompt claims and customer-focused innovation.
8. Cornerstone Insurance Plc
Incorporated in 1991 and listed in 1997, Cornerstone is a pioneer in digital insurance, being the first in Nigeria to offer online transactions. Licensed for both general and life businesses, it provides motor, aviation, marine, engineering, oil and gas, Takaful, and wealth creation products. Known for innovation, ethical practices, and strong capital base, it operates through subsidiaries and emphasizes customer-centric, tech-driven solutions.
9. LASACO Assurance Plc
A composite insurer with a focus on general and special risks, LASACO has shown consistent growth in premiums and revenue. It serves corporate and individual clients with expertise in motor, fire, marine, and other classes, backed by solid financials and a commitment to reliable service.
10. AXA Mansard Insurance Plc
Part of the global AXA Group, this insurer combines international standards with local expertise. It offers comprehensive general and life products, with strong growth in premiums and a reputation for premium customer experiences, robust claims handling, and digital innovation.
11. NEM Insurance Plc
A fast-growing general insurer with expertise in motor and special risks, NEM has recorded significant revenue increases and is recognized for reliability and expansion in key segments.
12. Mutual Benefits Assurance Plc
Known for broad coverage and customer focus, Mutual Benefits provides life, general, and health insurance, with steady performance in premiums and service delivery.
13. Royal Exchange General Insurance Co.
A longstanding player in general insurance, Royal Exchange offers diverse products with emphasis on stability and client protection.
14. Industrial & General Insurance Plc
With a focus on industrial and general risks, this company provides tailored solutions for businesses, backed by experience in complex underwriting.
15. Leadway Assurance Company
A top-tier composite insurer with nationwide reach, Leadway excels in motor, life, and pensions, known for efficiency, high claims payouts, and market leadership.
These nominees represent the best of Nigeria's insurance sector, driving financial inclusion, risk mitigation, and economic resilience in the Niger Delta and nationwide. Public voting is open—visit the official NDAA website to support your preferred company. The winner will be revealed at the glamorous ceremony on February 8, 2026.
Stay tuned for more updates from Alexa News Network Limited as we build excitement for this landmark event!
