Why Anchor Insurance?

Anchor Insurance Company Limited was registered in June, 1989 and licensed by the National Insurance Commission (NAICOM) in October 1989 as a general business (non-life) insurance outfit. The Company, thereupon, commenced business in November of the same year.

It started off operations from its registered office in Uyo, Akwa Ibom State and for strategic business reasons, Anchor Insurance Company Limited joined its fellow underwriting outfits in Lagos in April, 2008. Consequently, while the Company has its Victoria Island Office in Lagos as the Corporate Head Office, the Uyo Office remains its registered office. At the moment, the Company has expanded to not less than fourteen branch office network located at strategic cities across the country.

Anchor Insurance Company Limited has constantly been showing strength in timely claims administration, superior customer experience delivery, product innovation and yearly bottom line performance. Our audited accounts as at 31st December, 2022 show a Gross Written Premium of N13.15bn, indicating a 25.85% achievement over the N10.45bn result of 2021; Profit Before Tax which went up by 37.82% from N1.02bn in 2021 to N1.41bn and Profit After Tax increased to N1.22bn from N867.55m in 2021, showing a 41.01% rise. Our Shareholders’ Funds rose astronomically by 102.28% from N6.45bn recorded in 2021 to N13.05bn in 2022 while the Company’s Total Assets grew to N18.56bn from N15.49bn in the corresponding year of comparison. We paid out N1.42bn as claims to our genuine affected policyholders as against the N997.42m response in 2021.

The Board of the Company is composed of accomplished turn-around professionals from different business fields whose experiences have continued to ensure the organization consistently puts its best foot forward. The Management team which is headed by a young intelligent professional and sharp reference item in the Nigerian insurance business space comprises well-rounded and result-thirsting individuals from different lines whose passion for getting things right at first attempt has stood the Company out as a phenomenon in the nation’s risk-bearing sector.

Having earlier been decorated with the Fastest Growing Insurance Company of the Year award, among others, Anchor Insurance Company Limited in 2020 added

another belt to its ratings when it was honoured as the Insurance Company of the Year 2019 by Daily Independent Newspapers. This was in recognition of the fresh breathe the Company has brought into people-friendly insurance products creation, risk management, claims administration, corporate governance matters and corporate social responsibility activities. These are developments which have engendered a positive conversation for the Company and the nation’s insurance practice in general.

Our Core Values

Customer Friendly

We are a team of diverse background with the freedom to be awesome.