Company Profile

Company Address

AIICO House, Plot 2, Oba Akran Avenue, Opposite Dunlop Ikeja, Lagos

Business Hour

Monday09:15 AM - 08:00 PM
Tuesday09:00 AM - 08:00 PM
Wednesday09:00 AM - 08:00 PM
Thusday09:00 AM - 08:00 PM
Friday09:00 AM - 08:00 PM
Saturday09:00 AM - 08:00 PM
Sunday09:00 AM - 08:00 PM
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Who we are

AIICO commenced operations in Nigeria in 1963 as an Agency office of American Life Insurance Company (“ALICO”) – at the time, a subsidiary of American International Group (“AIG”). The Company was incorporated, registered and licensed in Nigeria as American Life Insurance Company Limited – as a wholly owned subsidiary of ALICO/AIG – in 1970 – to offer Life and Pension products and insurance services. The Company was renamed American International Insurance Company Limited (“AIICO”) upon the acquisition of a 60% stake by the Federal Government of Nigeria, and later listed on the Nigerian Stock Exchange in 1990, after which both shareholders – the Federal Government of Nigeria and AIG divested.

Following the insurance industry's consolidation in 2007, the Company acquired NFI Insurance plc and Lamda Insurance Company Limited (both cumulatively accounting for less than 30% of AIICO's pre-acquisition gross premiums). The Company subsequently re-certified as both a General Insurance and Life Assurance Company – taking advantage of its legacy, brand, franchise and strong retail distribution network to grow a leading General Insurance business.

As an insurance company, AIICO's goal is to be the insurer of choice and the leading insurance company in Nigeria – providing life insurance and retirement services as well as risk underwriting to a substantial and diversified client base, which includes corporations, financial institutions, governments and individuals in Nigeria.

AIICO is the market leader in the life insurance and retirement services and is a market leader (top 3) in Non-Life insurance in Nigeria. The core insurance franchise is complemented by our leading insurance asset management, pension, and health management businesses. Overall, AIICO is currently the 2nd largest insurance company in Nigeria (by gross premiums).

Company Reviews

AIICO Insurance Plc's Job posting

Financial Adviser at AIICO Insurance Plc

AIICO Insurance Plc Lagos
₦ 140,000 - ₦ 170,000

Understand clients’ financial needs Determine clients’ expenses, level of income, insurance coverage, financial objectives and goals, tax status and risk tolerance Answer clients’ questions and address concerns Give advice to clients about insurance coverage, investment planning, cash management or any other areas in order to help them rea

Underwriting Officer at American International Insurance Company (AIICO Insurance Plc)

AIICO Insurance Plc Rivers

We are looking for a versatile individual who is self-motivated and is able to take initiative and work well with others as a team. Among other things, he will be required to provide support to the team in interfacing with agents, brokers and work-in customers in our Port Harcourt office. The role would report to the regional underwriting manager (