Industrial And General Insurance Plc., (IGI) was incorporated on 31st October, 1991 and commenced operation in January 1992 as a composite insurer to transact the business of Life and General Insurance (including Pensions and Special Risks). The Company has a strong capital base and leveraging on its highly qualified professionals and the deployment of modern technology has become the preferred insurer for individual and corporate clients seeking premium insurance and related financial services in Nigeria.
IGI has a wide and diversified investment portfolio comprising: investment in money and capital markets; real estate; telecommunication services; mortgage banking; aviation; oil and engineering services; forestry; health care delivery services, amongst others.
The company from inception, has demonstrated exceptional competence and expertise in the underwriting of specialized risks in Oil & Energy, Marine, Aviation, Engineering and Industrial Risk Management.
IGI handles the insurance programmes of international oil companies operating in Nigeria including Shell Petroleum Development Company of Nigeria, Elf Petroleum Nigeria, Agip Oil Company, Addax Protroleum and Pan Ocean Oil Corporation amongst others.
In 2005, IGI underlined its resolve to be a key player in the African insurance market when it acquired 60 percent majority shareholding in National Insurance Corporation Limited (NICL) of Uganda after a competitive international bidding exercise. Also, IGI has acquired ownership of Societe Nouvelle d' Assurance du Rwanda(SONARWA), Gamstar Insurance company limited, Gambia and IGI Ghana.
