AIICO Insurance Plc (NSE Ticker: “AIICO”) was Established in 1963 as 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
AIICO commenced operations in Nigeria in 1963 as an Agency office of American Life Insurance Company (“ALICO”) – at the time, a subsidiary of American International Group (“AIG”). 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. The Company was 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 – the Federal Government of Nigeria and AIG divested.
Following the insurance industry’s consolidation in 2007, the Company acquired NFI Insurance plc and Lamda Insurance Company Limited (both cumulatively accounting for less than 30% of AIICO’s pre-acquisition gross premiums). The Company subsequently re-certified as both a General Insurance and Life Assurance Company – taking advantage of its legacy, brand, franchise and strong retail distribution network to grow a leading General Insurance business.
As an insurance company, AIICO’s goal is to be the insurer of choice and the leading insurance company in Nigeria – providing life insurance and retirement services as well as risk underwriting to a substantial and diversified client base, which includes corporations, financial institutions, governments and individuals in Nigeria.
AIICO is the market leader in the life insurance and retirement services and is a market leader (top 3) in Non-Life insurance in Nigeria. The core insurance franchise is complemented by our leading insurance asset management, pension, and health management businesses. Overall, AIICO is currently the 2nd largest insurance company in Nigeria (by gross premiums).
To take advantage of the opportunities presented by the Pension Reform Act of 2004, AIICO Pension Managers Limited (“APML”) was incorporated in February 2005 and licensed in April 2006 as a Pension Fund Administrator (“PFA”) by the National Pension Commission (“PenCom”), and commenced operations in May 2006.
Aiico Insurance Branches In Nigeria
|1||Aba||7 Factory Road, Aba, Abia State.
|2||Abeokuta||46 Tinubu Street, Ita Eko, Abeokuta, Ogun State.
|3||Abuja||Prime Plaza: Plot 1012, Ademola Adetokunbo Crescent, Opposite Rockview Hotel, Wuse II, Wuse, FCT Abuja.
Tel: 09 2902010, 08176684107, 08176684115
|4||Akure||Tisco House, 3rd Floor Opp. Mr. Biggs Outlet, Ado- Owo Road, Akure, Ondo State.
Tel: 0806442259, 08177323757
|5||Amuwo||Plot 203 Festac Link Road, Amuwo Odofin, Lagos State.
Tel: 012931892, 08085840886
|6||Benin||28 Sokponba Road, Benin City, Edo State.
|7||Calabar||Henss House (General Business) Murtala Mohammed Way, Calabar, Cross Rivers State.
Tel :08032194197, 08075318777
|8||Enugu||55/59 Chime Avenue, Gbujas Plaza, New Haven, Enugu State.
Tel :08036660737, 09020241513, 07038143357
|9||Ibadan||12 Moshood Abiola Way, beside FCMB Bank, Challenge Area, Ibadan, Oyo State.
Tel : 08032318925, 08028344263
|10||Ikeja||AIICO House, Plot 2 Oba Akran Avenue, Opp. Dunlop, Ikeja, Lagos State.
014602097-8, 014602218, 014602343, 08099930082
|11||Ilorin||1 New Yidi Road, Gomola Building, Ilorin, Kwara State.
Tel: 08174613826, 08083134860, 08037997249
|12||Ilupeju||AIICO House, 36-38 Ilupeju Industrial Avenue, Ilupeju, Lagos State.
Tel: 08160466239, 08033158714, 08033343036, 08023048695
|13||Isolo||203-205 Oshodi/Apapa Express Way, Isolo, Lagos State.
Tel: 08057176063, 08023054803, 08036803169, 08023090069
|14||Jos||4 Beach Road, Jos, Plateau State
Tel: 08153695455, 08083134860, 08057356726
|15||Kaduna||Yaman Phone House, 1 Constitution Road, Beside OANDO Filling Station, Kaduna, Kaduna State.
|16||Kano||8, Post Office Road, Kano, Kano State.
|17||Lokoja||Plot 7, opposite 1st Gate, Phase 2, Lokongoma Housing Estate, Lokoja, Kogi State.
Tel: 08023279920, 07031003095
|18||Onitsha||Nipost Building, Old Market Road, Onitsha, Anambra State.
Tel: 07086064999, 08033750361
|19||Owerri||46 Wetheral Road, Owerri, Imo State.
Tel: 08056033269, 07066032065
|20||Port Harcourt||11 Ezimgbu Link Road (Mummy B Road), off Stadium Road, GRA Phase IV, Port Harcourt, Rivers State.
Tel: 08035490546, 09094489393
|21||Warri||60, Effurun/Sapele Road, Effurun, Warri, Delta State.
Aiico Insurance Retail Outlets In Nigeria
|1||AIICO EXPRESS, Abuja||No. 46 Lobito Crescent, Wuse 2, Abuja.
Tel: 08099930117, 08129123143
|2||AIICO EXPRESS, Churchgate, Victoria Island||Opposite Churchgate Towers, Victoria Island, Lagos.
Tel: 08129123143, 07087955065
|3||AIICO EXPRESS, Falomo||No. 8 Post Office, Bourdillon Road, Ikoyi, Lagos.
Tel: 08129123143, 08099930126
|4||AIICO EXPRESS, Lekki||Ikate Community, Opposite Manor House, Ikate, Lekki, Lagos.
Tel: 08129123143, 07013184117
|5||AIICO EXPRESS, Park N Shop, Victoria Island||Guru Plaza, 47B Adeola Odeku Street, Victoria Island, Lagos.
Tel: 08129123143, 08129123138
Aiico Insurance Different Packages
Under The Life Product:
- Annuity Plan
- Cash Accumulation Plan
- Education Plan
- Group Life Assurance Plan
- Income Investment Plan
- Life Celebration Plan
- Term Assurance Plan
- Mortgage Protection Plan
Non-Life Product Plans
- Aviation Insurance
- Boiler Insurance
- Auto Insurance
- Bond Insurance
- Builders Liability
- Burglary & House Breaking Insurance
- Cash In Transit Insurance
- Consequential Loss Insurance
- Contractor All Risk Insurance
- Electronic Equipment Policy
- Employer’s Liabiity
- Erection All Risk Insurance
- Fidelity Guarantee
- Fine & Burglary Insurance
- Fire & Special Perils
- Goods In Transit Insurance
- Home Insurance
- Machinery Loss Of Profit (MLOP) Insurance
- Marine Cargo Insurance
- Marine Hull & Machinery Insurance
- Occupiers Liability Insurance
- Personal Accident Insurance
- Plant All Risk Insurance
- Professional Indemnity
- Public Liability Insurance
- Professional Indemnity
- Travel Insurance
Aiico Insurance Contact Information
Plot PC 12, Churchgate Street,
Victoria Island, Lagos.
07000 AIICARE (07000 2442273)