Prestige Assurance Plc, is one of Nigeria’s leading general insurance Company with offices nationwide. Primed with over 65 years of undisputable insurance services, and a commitment to create long-term value for its clients and stakeholders through strong business fundamentals, consistent with our mission guided by our vision and directed by our company's core values.
Established in 1952 as a branch office of The New India Assurance Company Limited, Mumbai. Prestige Assurance was incorporated as a limited liability company on 6th January 1970 and licensed to write all classes of Non-life insurance in Nigeria. Prior to its incorporation, the company has operated as a branch office of The New India Assurance Company Limited Mumbai, the largest general insurer in Afro-Asian region with presence in over 28 countries and ‘A-‘ Excellent Positive outlook rating by A.M. Best Company of USA for eighteen years.
However, in order to reflect the majority shareholding of the Nigeria public in the Company, its name changed to Prestige Assurance Plc on 24th September 1992, in line with the indigenization decree passed by government of Nigeria. After successful recapitalization in 2007 and subsequent Rights issue in 2015, Prestige Assurance Plc currently operate as a subsidiary Company of The New India Assurance Company Ltd, Mumbai with 69.5 percent shareholding.
As one of the largest insurance company in Nigeria, Prestige has a shareholders’ fund in excess of 8.1Billion as at 31st December 2018 and has established a reputation for excellent delivery of insurance products and services, especially in special risks, such as fire & special peril, oil & energy, aviation, engineering, and industrial risk management.
We are strategically positioned to provide efficient and effective solutions to your risk management issues, using the modern information technology, skillful and professional workforce with the objective of making our esteemed clients feel our positive impact in every sphere of their lives.
To be the preferred and most reliable risk carrier providing quality insurance products and services to customers and creating value to all stakeholders.