Business Details
35 Years
experience
Your Trusted Partner for Insurance Solutions in Lagos, Nigeria
Industrial & General Insurance was established in 1991 as a private limited liability company and re-registered as a public limited liability company in 2007. We have built a reputation for exceptional competence in life and general insurance, pensions, and specialized risks. Our expertise in underwriting specialized risks in oil and energy, marine, aviation, engineering, and industrial risk management has positioned us as a market leader in Nigeria. We pioneered the first private insurance company in Nigeria to achieve N1 billion premium income within four years of operation. Our African expansion programme has led to strategic investments in insurance companies across Uganda, Rwanda, and The Gambia.We maintain cutting-edge processes and exceptional response times to meet the growing needs of clients in banking, oil and energy, manufacturing, engineering, marine, aviation, and government sectors. Our commitment to technological advancement ensures seamless online quotation, payment, and policy administration through our website. We uphold corporate social responsibility through sports sponsorship and community development initiatives, including being the official insurer of all Nigerian national football teams.
Services
Life Insurance
Motor Insurance
Health Insurance
Travel Insurance
Fire Insurance
Aviation Insurance
Oil & Energy Insurance
Marine Cargo Insurance
Agricultural Insurance
Engineering Insurance
Details
- Year established: 1991
Highlights and features
- Established Nigeria's first N1 billion premium income achievement within 4 years of operation
- Pioneers in specialized risk underwriting for oil & energy, aviation, and engineering sectors
- Pan-African presence with controlling stakes in insurance companies across Uganda, Rwanda, and The Gambia
- 24/7 online insurance services including quotation, payment, and policy administration
- Official insurer of all Nigerian national football teams since 2005
Associations and certifications
- National Insurance Commission (NAICOM)
Services
Life Insurance
Our life insurance products protect loved ones through comprehensive coverage options including group life policies, individual plans, and retirement schemes. We offer annuity plans, credit life policies, and educational endowment plans tailored to personal and corporate needs. With both with-profit and without-profit options, our life assurance solutions provide financial security through death benefits, retirement planning, and investment-linked policies while maintaining compliance with Nigerian insurance regulations.
Motor Insurance
We provide comprehensive motor insurance solutions covering private and commercial vehicles with options for third-party liability, fire & theft protection, and full comprehensive coverage. Our policies include benefits like free tracking device installation for high-value vehicles, medical expense coverage, personal accident protection, and roadside assistance. Specialized fleet policies are available for corporate clients while maintaining mandatory coverage for third-party liabilities up to N1 million and unlimited death/bodily injury compensation.
Agricultural Insurance
Our agricultural insurance protects farmers against crop failure and livestock loss through multi-peril policies covering drought, floods, pests, and diseases. We offer poultry, fishery, and livestock insurance with premium rates starting at 2.5% of sum insured. The coverage includes technical advisory services to minimize risk while enabling policyholders to use insurance as collateral for agricultural loans. Claims are processed through expert farm inspections and risk assessment reports.
Aviation Insurance
We provide specialized aviation insurance covering aircraft hull risks, liability protection, and crew personal accident coverage. Our policies include war risk insurance, deductible protection, and spare parts coverage for both domestic and international operations. Additional protections extend to airport operators, catering services, and fuelling liabilities while ensuring compliance with aviation safety regulations and international insurance standards.
Oil & Energy Insurance
Our oil and energy insurance offers comprehensive protection for upstream and downstream operations including exploration, drilling, and refining activities. The coverage extends to pipeline integrity, offshore platforms, and environmental liability risks while incorporating specialized engineering insurance for equipment breakdown and operational disruptions. This insurance solution combines technical expertise with reinsurance capabilities to manage high-value energy sector exposures.
People
Remi Olowude
Founder
Founder of Industrial & General Insurance with a vision to revolutionize Nigeria's insurance industry through technological innovation and specialized risk management solutions.
Yakubu Gowon
Chairman
Former Nigerian Head of State who served as Chairman of the Board of Directors, bringing statesmanship and leadership experience to the company's governance.
Apostle Hayford Alile
Board Member
Former Director-General of the Nigerian Stock Exchange who contributed financial market expertise to the company's strategic development.
Questions
What insurance products does Industrial and General Insurance offer?
We provide life assurance (group and individual policies) and non-life insurance including motor, health, travel, fire, aviation, oil & energy, marine cargo, agricultural, and engineering insurance solutions.
Does Industrial and General Insurance operate outside Nigeria?
Yes, we have controlling stakes in insurance companies across Uganda, Rwanda, and The Gambia, with representative offices in the United Kingdom.
What makes Industrial and General Insurance unique in agricultural coverage?
We offer specialized agricultural insurance products including multi-peril crop policies, poultry insurance, livestock coverage, and plantation fire protection with premium rates between 1.5-2.5% of sum insured.
How can I purchase motor insurance from Industrial and General Insurance?
Motor insurance can be purchased through our website with options for third-party, third-party fire & theft, and comprehensive coverage including tracking device installation for qualifying vehicles.
What is the claims process for Industrial and General Insurance policies?
Claims procedures vary by policy type but generally require submission of completed claim forms, supporting documentation, and verification through our online portal or physical offices.
How does Industrial and General Insurance support corporate clients?
We provide tailored insurance solutions for banking, oil & energy, manufacturing, and government sectors with specialized risk assessment and customized coverage options.
