They were unveiled by the Nigeria Insurance Digest 2014, published by the Nigerian Insurers Association (NIA).
The firms are Leadway Assurance Limited, AIICO Insurance PLC, Axa Mansard Insurance PLC, Custodian & Allied Insurance Plc, Mutual Benefits Assurance Limited, and Niger Insurance PLC.
Others are African Alliance Insurance PLC, NEM Insurance PLC, Zenith General Insurance Company Limited and Sovereign Trust Insurance PLC.
According the Nigeria Insurance Digest’s report the firms distinguished themselves through hard work and proper planning.
A breakdown of the report shows that Leadway Assurance came first with market share of 13.29 per cent in the year under review. The underwriting firm recorded N39.01 billion gross premium.
AIICO Insurance came second with 11 per cent market share and a record of N33.27 billion.
Axa Mansard Insurance was number three on the list with 5.77 per cent market share with N16.94 billion gross premium. Custodian & Allied Insurance came fourth with 4.79 per cent market share and N14.06 billion gross premium while Mutual Benefits Assurance Limited came fifth with 3.87 per cent market share and N11.35 billion gross premium.
Others are Niger Insurance – 3.77 per cent market share and N11.06 billion; African Alliance Insurance Plc, 3.45 per cent, N10.31 billion; NEM Insurance, 3.22 per cent, N9.45 billion; Zenith General Insurance Company Limited, 2.63 per cent, N7.72 billion and Sovereign Trust Insurance, 2.48 per cent, N7.29 billion.