Who we are: About Anchor Insurance
Anchor Insurance Company Limited was registered and licensed by the National Insurance Commission (NAICOM) in October 1989 as a general business (non-life) insurance outfit and started business in November of the same year.
The Company commenced operations at its registered office in Uyo, Akwa Ibom State and later, for business reasons, joined its fellow underwriting outfits in Lagos. While it has its Victoria Island office in Lagos as its Corporate Head Office, its Uyo office remains its registered office. At the moment, Anchor Insurance Company Limited has expanded to not less than nineteen branch office network located at strategic cities across the country.
The Company has constantly been showing strength and innovation in product and customer service delivery, yearly bottom line performance and timely claims administration. As at year ended 31st December, 2017, the company’s gross written premium was N2.2bn, total assets stood at N6.2bn, shareholders’ funds was N5.1bn and solvency margin amounted to N5.1bn.
As a general business insurer, this solvency status as assessed by the National Insurance Commission, placed Anchor Insurance Company Limited in Tier 2 category of the Tier-Based Minimum Solvency Capital policy for insurance companies in Nigeria. Not comfortable with the Tier 2 status which the organisation’s current solvency margin has placed it, the Board of Directors has ratified a decision to place the company among underwriting companies in Tier 1 within the deadline given by the regulator.
The Board of the Company is composed of accomplished turn-around professionals from different business fields whose experiences have continued to help in shaping the organization to what it is today. The Management team which is headed by a young professional and reference item in insurance business comprises intelligent and result-thirsting professionals from different lines whose passion for getting things right at first attempt has stood the Company out as a ‘movement’ in the nation’s insurance business competition.
The Anchor Insurance Company’s promise is "All stakeholders will surely enjoy a pleasant experience".
To be the most innovative and preferred provider of General and Special Risks Insurance Services in Nigeria.
To institutionalize the Anchor brand as a world-class security Company, providing superior, efficient and dynamic insurance services anchored on state-of-the-art technology, accountable and well motivated staff to meet the expectations of our stakeholders.
The new Anchor Insurance Company Limited sees her customers and clients as reason they are in business which makes customer satisfaction a priority in the company. The Anchor Insurance Company’s promise is “All stakeholders will surely enjoy a pleasant experience”.