Our Heritage   Since its incorporation in 1965, Unic Insurance plc. has built a reputation as a strong underwriting house providing its numerous policyholders the security of its Financial Reserves, Underwriting Expertise and First-Class Reinsurance Treaties.Forty years after, UNIC continues to deliver quality service consistent with the UNIC brand name to its market.

Unic insurance plc. was incorporated on April 2, 1965 to underwrite non-life class of insurance business, as the United Nigeria Insurance Company Limited following the merger of the Northern Assurance Company Limited and White Cross Insurance Company Limited, both overseas insurance companies. The company commenced operations on October 1, 1965.

In 1990, the company was renamed “The United Nigeria Insurance Company PLC" following the divestment of government interest in the Company under the Federal Government Privatisation and Commercialisation Programme.

The company was again renamed “ Unic Insurance PLC" by a Resolution passed by shareholders at the 29th Annual General Meeting in Lagos, Nigeria on November 9, 1994.

In 1994, UNIC became a composite company with operations spanning life, non-life and special risks insurance business following its merger with its composite sister company - The United Nigeria Life and General Insurance Company PLC.

Ownership of the company changed in 2001 with the new Board redefining the Vision and Mission of the company. That same year, the company went through a re-engineering process to realign its operations to support the new vision and the changing needs of the market.

Our Vision

Our vision at UNIC is to be the largest and preferred integrated Financial Services Company in West Africa in alliances with global insurers in order to also have a global presence.

The re-engineered UNIC is a fully integrated Financial Services company built on 4 Strategic Pillars:

• Life
• Non-Life
• Health
• Financial Services

This year, the company enters its fourth decade of existence and offers its market a complete range of Life, Non-Life, HealthCare, Retirement and Investment Services. 

Mission Statement TO PROVIDE WITH TRANSPARENT HONESTY AND INTEGRITY UNIQUE INSURANCE  AND OTHER FINANCIAL SERVICES TO OUR LOCAL AND INTERNATIONAL CUSTOMERS, PROMOTE THE WELFARE OF OUR WORKFORCE, WHILE ADDING VALUE TO OUR SHAREHOLDERS' INVESTMENT AND DEMONSTRATING HIGH SENSE OF SOCIAL AND ECONOMIC RESPONSIBILITY

Our Operations

UNIC runs an extensive network of IT driven operations spanning over 200 independent agents and the UNIC branch and sub-offices located in 18 States of the Federation and the Federal Capital Territory.

UNIC’s staff strength of 184 are spread across its branch office network and the Head Office in Lagos.

• AXA
• BUPA International

Global Alliances

UNIC is in partnership with BUPA and AXA. as sole intermediary for the sale or International medical Plans for BUPA and Travel Medical Insurance for AXA.

Our Strength

• One of the leading insurance companies
• Culture of excellent customer service
• Strong Asset Base
• Large Underwriting Capacity
• Highly experienced technical staff
• High class Risk Management Department
• Treaties with both global and local Reinsurers
• Value Added Services
• Extensive Network of Offices/Agents across Nigeria
• IT Driven Operations to support services delivery

Our Values

• Honesty
• Integrity
• Professionalism
• Innovation

UNIC is a fully owned Nigerian Company. The Company's size, financial strength, global alliances and range of products and services stands it in the forefront of Insurance companies in Nigeria.

At UNIC our relationships are built on Trust and Integrity.

Board of Directors

Chief (Dr) EAO Shonekan

Chairman Chief (Dr) EAO Shonekan, GCFR CBE   Managing Director Mr Odunayo Bammeke   Directors Mr Adeboye Shonekan HRH Alhaji Shehu Idris, CFR (Emir of Zazzau) Mr. Phillipe Maurel Prof. J. O. Onah

Accounts

For a detailed information on our more recent published accounts, please visit our Accounts Section, where you can find a full transcript of the Chairman's Statement to the AGM, along with a selection of financial highlights -  Accounts

Shareholding

Nigerian Citizens and International              100%

Corporate Information

Registered Office

Plott 144, Oba Akran Avenue, Ikeja Industrial Estate, Ikeja, Lagos, Nigeria

Telephone: 9967844-6

Fax: 01 - 2567655, 2767017

Email: unicinsurancehelpline@fsmail.net

Auditors

Akintola Williams Deloitte & Touche, Chartered Accountants, 235, Ikorodu Road,
PO Box 965,  Lagos

Registrars

Registras' Department, UAC of Nigeria PLC, Niger House, 1/5 Odunlami Street, Lagos

Solicitors

Kehinde Sofola & Company, Ewenla Chambers, 2, Tinubu Square, Lagos

Secretaries

DTT Services Limited, 235, Ikorodu Road, Lagos

Insurance Adviser to the Board

Mr. O. Lijadu, ACII, FIIN, MON