Aiico Insurance Plc

General

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Shortlists/Awards • 1

Pricing strategy • 0

Partners/Competitors • 1

Last update: Jan 24, 2025 Last update: Jan 24, 2025

General

Jobs

Shortlists/Awards

Pricing strategy

Partners/Competitors

Details

Legal residence:Nigeria

Organization type:Financial service provider

Funding agencies:

WB, Other

World Bank HQ, Other

Sectors:

Risk Management (incl. insurance)

Nr. of employees:501-1000

Sanctions:Check now

Status:

Active

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About

Established in 1963, AIICO Insurance Plc is an insurance, pensions management, and asset management Group in Nigeria with market-leading positions in its key business lines:

1. Life assurance and annuity
2. General insurance and special risks
3. Pension management
4. Health insurance and
5. Asset management

The Company was incorporated, registered and licensed in Nigeria as American Life Insurance Company Limited – as a wholly owned subsidiary of ALICO/AIG – in 1970 – to offer Life and Pension products and insurance services. It was later renamed American International Insurance Company Limited (AIICO) upon the acquisition of a 60% stake by the Federal Government of Nigeria, and later listed on the Nigerian Stock Exchange in 1990, after which both shareholders divested.