AFRICAN ALLIANCE INSURANCE PLC Company Profile

AFRICAN ALLIANCE INSURANCE PLC

African Alliance Insurance Plc is widely recognized as the most experienced and strongest Specialist Life Assurance Office in Nigeria, serving thousands of customers with personalized insurance products tailored for each stage of their lives.

Formerly African Alliance Insurance Limited, we were incorporated on May 6, 1960, by our founders Chief S.L. Edu (CON), Mr. T. A. Braithwaite (CON), and Chief M.E.R. Okorodudu, backed by world-class reinsurers and co-shareholders, Munich Reinsurance Company.

Today, African Alliance Insurance Plc drives innovation in the 21st century and uniquely positions itself to offer premium value to all its stakeholders, from its esteemed customers to its employees, partners, and shareholders.

Operating a network of 18 branch offices managed by a competent and passionate team, we offer a creative combination of Protection (Term Assurance and Group Life), Savings, and Investments Products.

Our clients choose us for our excellent customer service delivery and prompt claims settlement. In fact, in the 2016 financial year alone, we paid an estimated N6.5 billion in settlement of various claims.

African Alliance Insurance Plc currently manages a Shareholders’ Fund estimated at N3.6bn with a Gross Premium Income and Asset Base estimated at N13.42bn and N41.35bn respectively (figures as of 31st December 2016-audited), evidence of our strength, history and clients’ trust in our brand.

We have 100% equity in Axiom Air Limited, a Cargo Airline Company, Frenchies Foods (Nigeria) Limited, a Restaurant, and Catering Services Company, and 96% equity in Ghana Life Insurance Company Limited.