AIICO Insurance

AIICO Insurance is a Nigerian insurance and investment provider that serves individuals and businesses with online access to buy and manage insurance covers, plus supporting services such as claims reporting and investor information.

Key capabilities include:

• Online purchase via e-business portal for select retail covers, including auto insurance (comprehensive, third-party, enhanced third-party), travel insurance, home content insurance, and personal accident.
• Individual insurance and savings products such as annuity plans, endowment plans (including Children Education Plan), life plans (including Credit Life and Covid-19 plan), and pure risk plans (mortgage protection, term assurance, hospital cash, critical illness).
• Corporate and specialised insurance across sectors, including marine (cargo, hull and machinery), manufacturing (machinery breakdown, machinery loss of profit), oil and gas, agric insurance, and general business covers such as group life, fire and special peril, goods-in-transit, employer’s liability, and contractor-all-risk.
• Claims and support services such as Report a Claim, claims payment information, form downloads, customer feedback, and a whistleblower channel.

Available on Web (main site and e-business portal).

Target users include individuals in Nigeria seeking motor, travel, life, health-related and home coverage, plus annuity and savings-linked plans, and corporates operating in Nigeria that need group covers and sector-specific risk insurance.

Notable in the Nigerian market for its published investor relations resources (financial reports and annual reports) and disclosed 2024 metrics including ₦110.1 billion Gross Premium Income, ₦416 billion total assets, and ₦75.3 billion claims paid, alongside a long operating history (founded in 1963) and specialist offerings via AIICO Investment and AIICO Health.