Associated Partners
Universal Insurance Company Plc stands as a distinguished insurance provider in Nigeria, holding a license to provide comprehensive non-life insurance solutions across individual, commercial, and institutional sectors. In addition to insurance, the company extends a range of banking products and services along with robust risk management solutions.
Our array of general insurance products encompasses coverage for motor, property, marine, accidents, engineering and contractors, bonds, HCPI, oil and gas, guarantees, indemnities, and occupier’s liability insurance. Furthermore, our commercial and institutional offerings safeguard against various risks prevalent in the hospitality, construction, logistics, capital markets, and real estate sectors. These tailored solutions also include financial coverage for accidents, theft, vandalism, and motor vehicle collisions.
Universal Insurance Company Plc benefits from reinsurance support provided by the esteemed Swiss Reinsurance Company of Zurich, enhancing our capacity to deliver comprehensive and reliable coverage to our clients. Established in 1961 as Universal Insurance Company Limited (UNISURE), our company evolved through an amalgamation with United Trust Assurance Company Limited, Oriental Insurance Company Limited, and African Safety Insurance Company Limited. This transformation led to our present name, Universal Insurance Company Plc.
Operating nationwide, our presence spans across major towns and cities in Nigeria, with our headquarters situated in Lagos, the commercial hub of Nigeria. Additionally, Universal Insurance Company Plc is a listed entity on the Nigerian Stock Exchange, reflecting our commitment to transparency, accountability, and delivering value to our shareholders and stakeholders.
African Alliance Insurance Plc stands as a venerable leader in the realm of Specialist Life Assurance in Nigeria, boasting decades of unparalleled expertise and a robust foundation. Since our inception on May 6, 1960, by the visionaries Chief S.L. Edu (CON), Mr T. A. Braithwaite (CON), and Chief M.E.R. Okorodudu, supported by esteemed reinsurers and co-shareholders, such as the Munich Reinsurance Company, we've continually evolved.
Today, African Alliance Insurance Plc spearheads innovation in the 21st century, positioning itself uniquely to deliver superior value to all stakeholders: esteemed customers, employees, partners, and shareholders alike. Our operational network spans 18 branch offices, manned by a dedicated and skilled team. We specialize in offering a diverse range of personalized insurance products, including Protection (Term Assurance and Group Life), Savings, and Investment solutions, adeptly tailored to different stages of our clients' lives.
Our reputation for excellence is cemented by our exceptional customer service and swift claims settlement. In the 2016 financial year alone, we disbursed an estimated N6.5 billion in settlement across various claims, showcasing our commitment to our clients' peace of mind. As of December 31, 2016 (audited figures), African Alliance Insurance Plc oversees a Shareholders’ Fund valued at N3.6 billion. Our Gross Premium Income and Asset Base stand at an estimated N13.42 billion and N41.35 billion, respectively. These figures are a testament to our resilience, storied history, and the
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