Who We Are

The Universal Insurance Plc. is one of the nation’s largest personal lines insurer. With over N8 billion in assets, we sell eight major lines of insurance, including auto, property and commercial.

We are widely known for providing peace of mind to our clients and enriching their quality of life through our partnership in the management of the risks they face.

Structure

Our company ensures efficient, customer-oriented service by empowering middle management for quick decisions. Our fast-paced, challenging, and collaborative high-performance work environment fosters individual accountability, innovation, and continuous learning, rewarding employees for their efforts based on a pay-for-performance approach.

Our Locations

Universal Insurance Plc has operations across the country with branches in Port Harcourt, Abuja, Enugu, Owerri, Onitsha, Aba, Umuhia, Abakaliki and Kaduna. Customers can access our products and services through any of our branches or visit our website.

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Empowering businesses, Enriching futures

The Universal Insurance PLC. at a glance

The Universal Insurance Company Limited (UNISURE), now Universal Insurance Plc. was established by the then Eastern Nigeria Government, African Continental Bank Plc in 1961 through an association between Eastern Nigeria Development Corporation (ENDC) and Pearl Assurance Company Limited of London whereby ENDC acted as agents to the insurance company.

The Universal Insurance Company Limited also from inception has been on a partnership relationship with Swiss Reinsurance Company of Zurich, which also provided the necessary reinsurance support. Mr. K. R. Lugg an expertrate had the privilege of being the first General Manager of the Company untill 1963 when Mr. M.A.C Chukwudinma was appointed the 1st indigenous General Manager.

The aftermath of the Nigeria civil war was that the eastern Nigeria became defunct. Thus after series of changes, the East Central state was split into Anambra, Imo, Enugu, Abia, and Ebonyi states. These five states apart from many individuals have shares in the Company.

As at today, this company has an asset base of over =N=11Billion, authorized and share capital of 16Billion units and =N=8Billion paid-up respectively. It is a General Business organization (i.e. underwrites General Insurance business).

The Universal Insurance Plc is now fully computerized to drive excellence in service delivery, Customer – oriented and a prime company that is poised to be a giant in risk bearing.

corporate sustainability.

Integrating environmental, social, and governance principles into business operations for long-term value creation and responsible impact.

Our Difference

We protect what matters most to you—and extend our support well beyond safeguarding your asset.

why choose universal Insurance Plc.

Providing business support
Prompt Claim Settlements
Adding Value to our customers’ business
Provision of tailor-made covers for our clients based on their needs
Provision of robust risk management service to our customers

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Plus Asset Base (in Naira)

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Authorized & Share Capital Units

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Paid-up Respectively (in Naira)

The combined entity’s current operational and financial performance validates the success of the merger.

POST CONSOLIDATION STATUS

The New Universal Insurance Plc is now a mega organization comprising the former United Trust Assurance Company Limited, Oriental Insurance Company Limited and African Safety Insurance Company Limited. Overtures are still being made by some companies seeking to be acquired by the new mega Company. The Shareholders fund of the new mega Company after NAICOM verification stood at over N9Billion.

In order to guarantee maximum cover to our customers Universal Insurance Plc has made a two pronged reinsurance arrangement as follows:

Unlimited capacity protection on facultative reinsurances based on individual account. Our facultative reinsurances are placed both locally and offshore depending on the size of the account.
Our offshore placing Brokers based in London give us access to all first class reinsurers worldwide and Lloyds of London.
Our local facultative reinsurance is placed with other local insurers and other regional reinsurers that respond quickly to claims.
The second segment of our reinsurance arrangement is led by the foremost reinsurance company in African sub region-African Re.
Universal Insurance Plc has therefore restructured its Management and operations for the challenges ahead. We are pleased to introduce to you a repositioned giant in the Insurance Industry in Nigeria.

Comprehensive Reach

Whatever your insurance needs, our diverse product offerings provide the right protection. We've developed a broad spectrum of solutions to ensure you're covered.

Igniting immediate rewards

We offer fast, simple onboarding and proactive benefits that turn insurance into an active resource for financial security, well-being, and confidence to pursue your goals.

For Businesses & Individuals

You face risks to grow your business and protect your price assets. Universal Insurance Plc. helps manage those risks.

Our core & happy clients

Building lasting relationships with valued, satisfied core clients.

We are proud to have: Multi-Trade, Kogi, Akwa–Ibom, Anambra, Enugu, Imo, Abia and Ebonyi States as our highly esteemed clients who trust us for their Insurance. So does the listed brands below.