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Industrial And General Insurance Plc (IGI) is a proudly Nigerian, globally focused and largest privately-owned insurance company in West Africa. IGI has demonstrated outstanding competence and expertise in the underwriting of specialised risks in Oil & Energy, Marine, Aviation, Engineering and Industrial Risk Management.
With over 35 offices across Nigeria and liaison offices in London and Washington, DC, IGI has become the preferred insurer for individual and corporate clients seeking premium insurance and related financial services.
IGI has a diversified investment profile that includes ownership and majority equity holding in companies engaged in telecommunications, mortgage banking, aviation, oil and engineering services, forestry and healthcare delivery services in Nigeria as well as in the East and West African sub-regions.
In life and business, you need a strong backup, a dependable ally. That's what you get from all IGI covers - for the widest range of tailor-made Life and Non-Life Insurance protection: Motor, Oil and Gas, Marine and Aviation, Pensions, Life Assurance and Financial Advisory Services... and much more.
We work round the clock to ensure that your life, the things you live and work for are protected.
Industrial And General Insurance Plc., (IGI) was incorporated on 31st October, 1991 and commenced operation in January 1992 as a composite insurer to transact the business of Life and General Insurance (including Pensions and Special Risks). The Company quickly established a reputation for exceptional competence in the delivery of customer-centric services as well as product innovation.
With a strong capital base, highly qualified professionals and deployment of modern technology for speed and efficiency, IGI has become the preferred insurer for individual and corporate clients seeking premium insurance and related financial services. In 1996, four years after it commenced operations, IGI became the first private company in Nigeria to achieve N1 billion in premium income.
We have, within our few years of existence, been able to prove ourselves as market leaders in the insurance industry. In 2004, IGI maintained its leadership position in the industry with a premium income in excess of N4 billion - the highest in terms of volume of business by any private insurance company in Nigeria. IGI's premium income for financial year ended December 31,2006 is in excess of N6 billion.
IGI has a wide and diversified investment portfolio comprising investment portfolio comprising investment in money and capital markets, real estate, telecommunication services, mortgage banking, aviation, oil and engineering services, forestry, and health care delivery services, amongst others.
From inception, IGI has demonstrated exceptional competence and expertise in the underwriting of specialised risks in Oil & Energy, Marine, Aviation, Engineering and Industrial Risk Management.
This reputation earned the Company national recognition in 1996 when it was appointed by the federal Government as the leading member of a consortium of four insurance companies to handle the insurance programme of the Nigerian National Petroleum Corporation (NNPC), the Federal Government owned oil exploration and refining company.
The remarkable performance achieved in 1996 led to the re-appointment of IGI-led Consortium for the underwriting of the NNPC Insurance programme for 1997 and 1998.
IGI also handles the insurance programmes of international oil companies operating in Nigeria including The Shell Petroleum Development Company of Nigeria, Elf Petroleum Nigeria, Agip Oil Company, Addax Protroleum and Pan Ocean Oil Corporation amongst others.
In 2005, IGI underlined its resolve to be a key player in the African insurance market when it acquired 60 percent majority shareholding in National Insurance Corporation Limited (NICL) of Uganda after a competitive international bidding exercise. Also, IGI has acquired ownership of Societe Nouvelle d' Assurance du Rwanda(SONARWA), Gamstar Insurance company limited, Gambia and IGI Ghana.
With the new insurance regime in Nigeria, IGI has reached the N10 billion capital base set for itself in 2005 to become the largest privately owned insurance company within the West African sub region. To this end, IGI now operates as IGI PLC (with the Non-life insurance portfolio) and IGI Postal Life Assurance Ltd (maintaining the Life insurance business folder).
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