If you would like to broadly update yourself on insurance sector operators and related facts, here are some of the key statistics:
Recapitalisation Requirement
New minimum paid-up share capital for insurance business - effective 1st September, 2005 for new insurance businesses and 28 February, 2007 for existing insurance companies:
Approved Recapitalised Insurance Sector Operators
Following the verification instituted into the recapitalisation exercise, the National Insurance Commission has announced approved insurance and reinsurance companies as follows:
| S/No | Name of Company | Class of Business |
| 1. | ADIC Insurance Company Ltd | Composite Insurance |
| 2. | AIICO Insurance Plc * | Composite Insurance |
| 3. | Cornerstone Insurance Plc * | Composite Insurance |
| 4. | Crusader Insurance Plc * | Composite Insurance |
| 5. | Goldlink Insurance Plc * | Composite Insurance |
| 6. | Great Nigeria Insurance Plc * | Composite Insurance |
| 7. | Guaranty Trust Assurance Plc * | Composite Insurance |
| 8. | Industrial & General Insurance Company Ltd | Composite Insurance |
| 9. | LASACO Assurance Plc * | Composite Insurance |
| 10. | Leadway Assurance Company Ltd | Composite Insurance |
| 11. | Mutual Benefits Assurance Plc * | Composite Insurance |
| 12. | Niger Insurance Plc * | Composite Insurance |
| 13. | Oceanic Insurance Company Ltd | Composite Insurance |
| 14. | Royal Exchange Assurance Plc * | Composite Insurance |
| 15. | Standard Alliance Insurance Plc * | Composite Insurance |
| 16. | Union Assurance Company Ltd | Composite Insurance |
| 17. | WAPIC Insurance Plc * | Composite Insurance |
| 18. | Zenith Insurance Company Ltd | Composite Insurance |
| 19. | Alliance & General Insurance Plc * | General Insurance |
| 20. | Anchor Insurance Company Ltd | General Insurance |
| 21. | Consolidated Hallmark Plc * | General Insurance |
| 22. | Custodian & Allied Insurance Plc * | General Insurance |
| 23. | Equity Indemnity Insurance Plc * | General Insurance |
| 24. | Guardian Trust Insurance Company Ltd | General Insurance |
| 25. | Guinea Insurance Plc * | General Insurance |
| 26. | International Energy Insurance Company Ltd | General Insurance |
| 27. | Investment & Allied Insurance Company Ltd | General Insurance |
| 28. | Kapital Insurance Company Ltd | General Insurance |
| 29. | Law Union & Rock Insurance Plc * | General Insurance |
| 30. | Linkage Assurance Plc * | General Insurance |
| 31. | NEM Insurance Plc * | General Insurance |
| 32. | Nigeria Agricultural Insurance Corporation (NAIC) | General Insurance |
| 33. | OASIS Insurance Plc * | General Insurance |
| 34. | Prestige Assurance Plc * | General Insurance |
| 35. | Regency Alliance Insurance Plc * | General Insurance |
| 36. | Sovereign Trust Assurance Plc * | General Insurance |
| 37. | STACO Assurance Plc * | General Insurance |
| 38. | Sterling Assurance Nigeria Ltd | General Insurance |
| 39. | Unitrust Insurance Company Ltd | General Insurance |
| 40. | Universal Insurance Company Ltd | General Insurance |
| 41. | Yankari Insurance Company Ltd | General Insurance |
| 42. | African Alliance Insurance Company Ltd | Life Insurance |
| 43. | Capital Express Insurance Company Ltd | Life Insurance |
| 44. | Equity Life Insurance Company Ltd | Life Insurance |
| 45. | Guardian Express Assurance Company Ltd | Life Insurance |
| 46. | Heirs Life Assurance Company Ltd | Life Insurance |
| 47. | Standard Life Assurance Plc * | Life Insurance |
| 48. | UNIC Insurance Plc * | Life Insurance |
| 49. | Continental Reisnurance Company Plc * | Reinsurance |
*Quoted insurance companies |
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