Top 10 Best Insurance Brokers In Nigeria (2023)

This article is about the top 10 best insurance brokers, also known as insurance brokerage companies in Nigeria this 2023. An insurance broker is an individual or a company that acts as a middleman who, for a fee, sells, solicits, or negotiates insurance on behalf of a customer. An insurance broker is different from an insurance agent in that a broker often negotiates with numerous insurance companies on behalf of a client, whereas an agent represents one or more specific insurance companies under a contract.

Best Insurance Brokers In Nigeria

It is impossible to overstate the importance of insurance to a country’s economic success. In fact, insurance is the only business that exists to keep other businesses afloat. Insurance, according to experts, might be utilized to protect the nation’s wealth. When faced with a tragedy such as a natural disaster, fire, accident, liability suit, or any other type of loss, having the correct insurance coverage might make the difference between success and failure.

But how can you be certain that you have the best coverage? It is easy to get lost among hundreds of plans, each with its own set of terms, premiums, and limitations. A skilled insurance broker can assist you in this situation. A good insurance broker should assist you in understanding and identifying your needs, searching for the best insurance proposals that meet your specific needs, explaining the complexities found in most insurance contracts, and ensuring the smooth adjustment of any losses that may occur during the policy period.

Some insurance customers often confuse the roles and responsibilities of insurance brokers and agents. Despite the fact that their duties and responsibilities appear to be comparable, their operations are not. Insurance brokers and agents are both considered agents in the eyes of the law, although the two categories have different status and responsibilities. An agent, in the broadest sense, is a person hired to place the principal in a contractual relationship with a third party. To put it another way, an agent is someone who acts on behalf of another in any situation where an agency can be presumed. Brokers, on the other hand, act as the bridge for insurance providers, such as insurance and reinsurance companies, and their customers.

Insurance Brokers are now widely acknowledged as insurance intermediaries that utilize their skills and expertise to arrange insurance protection in the best interests of their clients, whether they are proposers or consumers. A broker is legally considered to have the requisite knowledge and capacity to handle all of his clients’ insurance concerns and to provide accurate and relevant advice. Unlike an insurance agent, who represents only one insurance company, an insurance broker is self-employed and has access to a variety of insurers, allowing them to provide their clients with the greatest coverage at the best price.

Over 300 insurance brokers operate in Nigeria at the moment. The Nigerian Council of Registered Insurance Brokers (NCRIB) keeps track of these certified insurance brokers. As a result, you should only deal with an NCRIB-registered insurance broker as a customer. The National Insurance Commission, or NAICOM, will not license any insurance brokers who are not registered.

There are several insurance brokers in Nigeria as we have previously stated. In many ways, though, some of these insurance brokers are ahead of the others, and without further ado, let us now take a look at 10 of the country’s leading insurance brokers today.


The following are the 10 best and most popular insurance brokers in Nigeria this 2023 in no particular order:


Insurance Brokers of Nigeria Limited (IBN) is Nigeria’s premier insurance broking and risk advisory firm established in 1955 as C. T. Bowring & Company (Incorporated Insurance Brokers). Their corporate culture is built on their vision, promise and commitment to create and deliver innovative risk and insurance management solutions that make their clients more successful. IBN pioneered insurance broking in Nigeria in 1955 and has remained in the forefront of providing innovating collaborative solutions to various strategic sectors of Nigerian economy. Their industry specialty services range from Personal and Private Wealth Management to Commerce and Heavy Industries.

IBN has since inception, grown to a fully integrated risk management and insurance broking firm and ranks top amongst the most respected broking firms in Nigeria presently. With a rich mix of experience blended with innovative response to the ever changing operating environment, IBN has continued to successfully help its clients to efficiently manage their risks.

IBN offers value-added industry-specific risk and insurance broking services focused to meet each client’s insurance protection needs. Their industry specialty focuses on Commerce and Industry, Energy (Oil, Gas and Natural Resources), Power and Infrastructure, Construction, Communications, Marine, Aviation & Aerospace, Financial Services, Government and Statutory Corporations, Educational Services, Personal and Private Wealth Insurance.


Northlink Insurance Brokers Plc is yet another one of the best insurance brokerage firms in Nigeria that is licensed by National Insurance Commission (NAICOM) to render Insurance brokerage services. The Company was incorporated on October 23, 1989 and their responsibilities among other things include helping their clients to identify insurable risks. They assist in the presentation and prosecution of claims and can be of invaluable assistance in tipping the scale in favour of clients in cases of contentious claims. They also provide individual services to their clients by regularly reviewing their insurance needs, providing analysis and reports and by paying regular visits to clients and keeping up to date with their requirements.


Carrier Insurance Brokers was incorporated in 1994 and has been in operation for over 20 years. The company is licensed by National Insurance Commission (NAICOM) to provide all classes of insurance. The company also provides specialist services to public organizations and the organized private sector. Some of their services include:

  • Professional Indemnity Insurance
  • Public Liability Insurance
  • Group Life Assurance
  • Fidelity Guarantee Insurance
  • Money In Transit Insurance, etc.


Hogg Robinson Nigeria Limited is a Nigerian Company registered by the Corporate Affairs Commission in 1974 as an Insurance Broker to transact all classes of insurance business. Their traditional business model revolves around the development and establishment of specialist Divisions within the Organisation which include: Oil and Gas, Marine & Aviation, Construction and Engineering, Industrial & Commercial, Reinsurance and Multinational Risks Management.


Glanvills Enthoven Insurance Brokers Limited commenced business as one of the first licensed incorporated insurance and reinsurance brokers in Nigeria, and is now regarded as one of the best in the industry. Glanvills Enthoven is a member of NCRIB and has an NAICOM license as well. It is also worth noting that the corporation is part of the Odua Investment Company Limited. Their services include:

  • Motor insurance
  • Annuity insurance
  • Bonds, claims consulting


Union Commercial Insurance Brokers Limited is one of the top insurance brokerage companies in Nigeria today as well. It was established as Rock Insurance Brokers Unlimited before the name was changed under Decree 2 of 1997 to its current name and was licensed to act as an insurance broker to transact all classes of insurance business, which include:

  • Life Assurance Business
  • General Insurance Business
  • Special Risks.

The company was also registered with Nigerian Council of Registered Insurance Brokers as a corporate member under NCRIB Act No. 21 of 2003.


Risk Analyst Insurance Brokers has risen to an enviable height, becoming one of the best insurance brokers in Nigeria, but not being as old as some of the other insurance brokerage firms up there. The organization tailors its services to the requirements of its client base. If you do business with them, you will receive top professional services that are tailored to your specific requirements. You can also get speedy premium payment as well as competitive premiums when you work with Risk Analyst Insurance Brokers.


Hilltop Insurance Brokers Limited, was incorporated in 2003 as required by Nigerian Law as a private Limited Liability Company; to carry on the business of Insurance Broking, Risk Management and Consultancy services in; Marine, Oil and Gas, Motor, Life and General Insurance Business. This leading insurance brokerage company in Nigeria is well structured to deliver high quality services that guarantee maximum satisfaction of their clients locally and internationally.


Colenson Insurance Brokers has been providing expert services since 1983. You can do business with them knowing that you are dealing with one of the best insurance brokerage companies in Nigeria that has vast knowledge and experience in this field and have helped a lot of people before.


Afriglobal Insurance Brokers are a top insurance brokerage company in Nigeria situated in Abuja that specialises in the following:

  • Risk Identification, Evaluation & Control
  • Evaluation of Underwriters
  • Negotiation with Underwriters
  • Risk placement and Review of Policy Documents
  • Speedy Claims Processing and Recovery
  • Insurance Portfolio Management and Advisory Services
  • Alternative Risk Management and Consultancy.

The Author

Maduawuchi Obialo

Maduawuchi Obialo is the founder of Nigerian Guide and the Editor-in-Chief at Nigerian Infopedia. He is a professional Web Content Developer and a Biochemist.

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