The Nigerian Insurance Industry Database Portal
You can now verify the authenticity of your motor insurance policy online!
ASKNIID, an initiative of NAICOM (National Insurance Commission), is a central record of all insured vehicles in Nigeria.
For more information, log on to www.askniid.org
Groupe NSIA announces the acquisition of 96.15% of the capital of ADIC Insurance Company Limited
Groupe NSIA, which is already firmly established in 11 African countries, is, through this marked presence in one of the most vibrant and attractive markets on the continent in terms of its development potential for insurance and banking activities, resolutely affirming its position as a benchmark African financial group in sub-Saharan Africa.
Through its 21 companies in various countries, the Group has cumulatively recorded, in 2010, a turnover of 183 million Euros; 140 million of this amount is attributable to the Insurance sector. The Group has thus featured an annual growth rate of 19% over the last three years.
With a premium volume of more than 1.6 billion US dollars in 2010 and an average annual growth rate of 29% over the last five years, the Nigerian market holdsreal prospects of growth for Groupe NSIA.
After successfully setting up presence in Ghana, the Group is once again achieving another robust investment outside of its usual area of predilection, the CIMA zone, a further reassertion of its African character. The take-over of ADIC from the Nigerian Diamond Bank, will foster the Group’s resolve to render insurance products adapted to their needs accessible to an increasing number of Africans. The Group will also avail itself of the opportunity offered by the Nigerian market to deploy its wide-range of products to both individuals and corporate entities.
Top claims settled in 2012