About Guinea Insurance

Who We Are

A tower of strength and integrity. Guinea Insurance employees are committed to delivering on promises to customers because it is our mantra that trust is not built by making commitments. It is earned by keeping them.

Vision

To be a leading Insurance company in Nigeria.

Mission

To provide professional services to our esteemed customers through the introduction of quality products driven by state-of-the-art technology backed by a group of high-profiled personnel, to maximize returns to shareholders

Our Core Values

How we conduct our business is just as important as what we do. Our core values have become our mantra and are brought to bear daily when helping our customers achieve financial prosperity and satisfaction.

Integrity

We keep our promise while offering quality service delivery and optimum customers' satisfaction.

Professionalism

We take the time to understand your needs, simplify complexities and deliver tailor-made risk management solutions and services that will serve your best interest.

Teamwork

Our cohesive team of well trained and highly motivated professionals have an efficient and interactive work-network that will offer quality and timely service delivery to engender customers' satisfaction.

Service

We provide quality products/services that meet our customers' needs.

Commitment

We keep our promises and are committed to doing business the right way. Customer Needs, Are Our Needs

The history of Guinea Insurance PLC dates back to the year 1948 when British West African Corporation Limited (BEWAC) opened an insurance department and became Chief Agents in Nigeria for Legal and General Assurance Society Limited of London. In 1950, the Agency was extended to Norwich Union Fire Insurance Society Limited, United Kingdom. In response to business growth and maximization of available opportunities; Legal & General Assurance Society Limited, Norwich Union Fire Insurance Society Limited, Northern Region Development Corporation Limited, and British West African Corporation Limited, jointly incorporated an insurance Company. Thus, Guinea Insurance Company Limited was incorporated on December 3, 1958, as a non-life insurance underwriting firm to provide first-rate insurance solutions in the General Business category. The overseas shareholders held 51% majority shares at the time before the indigenization decree of 1976 reversed the shareholding structure to 60% Nigerian interest and 40% overseas. Consequently, the overseas shareholders divested their 40% holdings to existing Nigerian shareholders in 1988 thereby making the Company 100% Nigerian owned.

Our business operation strategy is hinged on strict adherence to sound business principles that are paramount in the delivery of our brand promise, while also, protecting shareholders and other stakeholders from the ever-evolving macroeconomic and regulatory dynamics of the operating environment. Therefore, at the announcement of the 2019 industry-wide recapitalisation exercise by the National Insurance Commission (NAICOM); Company’s shareholders’ approval was expeditiously secured to increase Authorised Share Capital from N4 billion to N12 billion by the addition of N8 billion. Thus, the Company is fully restructured and repositioned to ensure sound business practices, effective compliance with all statutory and regulatory requirements and the code of good corporate governance as stipulated in section 5.04 (vii) of the 2009 Corporate Governance Code The Company is superintended by a crop of highly skilled and committed professionals, driven to meet the challenges of the new millennium, and supported by a vibrant and resourceful Board of Directors led by Godson Chukwudi Ugochukwu, Esq. Our Corporate Head Office is located at Guinea Insurance House, 33 Ikorodu Road, Jibowu, Lagos, with a well-spread branch network across Nigeria.

Start Today to Secure Your Future

We have products to help you protect various aspects of your life from personal needs to your business needs. Get a quote or learn more.

Guinea Insurance has always lived up to its name; consistently one step ahead of the industry in the provision of better and affordable risk management solutions. We are a major player in the provision of first-rate financial risk solutions in the General and Special Risks business underwriting categories. We have established a reputation for exceptional competence in the delivery of customer-centric services and product innovation. With a strong capital base, highly qualified professionals, and modern technology, Guinea Insurance PLC became widely acknowledged for speed and efficiency and thus, remained the preferred insurer for individual and corporate clientele seeking premium insurance and related financial services to date.

Contact

Guinea Insurance House
33 Ikorodu Road Jibowu, Lagos.

Copyright © 2020 Guinea Insurance Company Limited RC1808. Authorised & Regulated by the National Insurance Commission RIC N0. - 017