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NEM INSURANCE PLC started insurance business in Nigeria in 1948 through the agency of Edward Turner & Co.

It became a Nigerian branch of NEM General Insurance Association Limited of London in 1965 and incorporated in 1970 as a Nigerian company in compliance with the Companies Decree of 1968..

Our Story

25+

Years of Experience

NEM INSURANCE PLC started insurance business in Nigeria in 1948 through the agency of Edward Turner & Co.

It became a Nigerian branch of NEM General Insurance Association Limited of London in 1965 and incorporated in 1970 as a Nigerian company in compliance with the Companies Decree of 1968.

  • Our Story

    At NEM Insurance PLC, our philosophy is centered on our Stakeholders vision of making NEM Insurance a model of sound Insurance Practice for the Nation's Insurance Industry and to participate actively in the economic development of the Country

  • The company became quoted on the Nigerian Stock Exchange in 1989 following the privatisation by the Federal Government of Nigeria

    The company, which has contributed immensely towards the growth of Insurance Industry in Nigeria, was into Life and Non- Life business but following the recapitalization exercise in 2007, the company merged with Vigilant Insurance Company Ltd to transact all classes of General Insurance. The company has expanded its operations into the West African Sub region, with the successful registration and commencement of business of its subsidiary, NEM Asset Management was added to the Brand in March, 2016. REGENCYNEM INSURANCE (GHANA) LIMITED, an associate company was also added in September, 201.

Our Vision

Our Vision

To be the preferred choice of the insuring public.

Our Mission

To build a customer satisfying insurance institution that is passionate about adding value to the interest of all stakeholders.

Our Values

Humility

We approach every interaction with genuine respect and openness to learn from others.

Integrity

Our actions consistently align with our values and commitments to our clients.

Our Values

Numbers We Are Proud Of

33

Gross Premium Income of N33.36 billion as at 2022.

45

45 Billion Naira Total Assets

62.65

Among top 10 companies on NSE in 2018 with 62.65% gain (which amounts to N5,491,723,029.52)

50

We have paid over N50Billion claims in 8 years (between 2015- 2022)
L o a d i n g