2017 Winner Corporate Excellence Award of Corporate Governance and Enterprise Leadership of the Year
65 YEARS OF PRESTIGIOUS SERVICE About Prestige Assurance Plc
A History of Trust and Dependability
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.
To build a reputable brand that remains ahead in providing timely service delivery and customized insurance products.
To be the preferred and most reliable risk carrier providing quality insurance products and services to customers and creating value to all stakeholders
31st December 2016
Authorised share capital N 3.0 billion
Paid up Capital N 2.7 Billion
Shareholders' Fund N 6.0 Billion
19, Ligali Ayorinde Street,
Victoria Island, Lagos.
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- Prestige records N2.6b premium income in 2016 year-end – read more
- Prestige clinches Web-jurist Awards – read more
- Prestige launch its Health Insurance Policy – read more
- Prestige Assurance plans $15m reinsurance treaty for energy and aviation risks – read more
- Prestige builds robust human capital to beat competition – read more
- Nigeria needs to improve in health insurance – read more