PRESTIGE ASSURANCE PLC

Prestige Assurance PLC commenced operations in Nigeria in 1952 as a branch office of The New India Assurance Company Limited, Mumbai. It formally incorporated as a limited liability company on January 6, 1970, and obtained its license to conduct all classes of non-life insurance business within Nigeria. The company's name transitioned to Prestige Assurance Plc on September 24, 1992, reflecting a shift towards majority Nigerian public shareholding in alignment with indigenization decrees. Today, Prestige Assurance Plc functions as a prominent subsidiary of The New India Assurance Company Limited, Mumbai, which holds a substantial stake in the company. As a leading general insurance provider in Nigeria, Prestige Assurance PLC delivers a comprehensive range of non-life insurance products and services to individual, corporate, and institutional clients. Its offerings span personal insurance, including motor, health, and accident policies; commercial insurance, such as marine cargo and aviation coverage; and industrial insurance, encompassing machinery breakdown and fire and allied perils. The company also specializes in liability insurance, including public and professional indemnity. Prestige Assurance PLC serves clients across Nigeria through its extensive network of offices, leveraging its connection to its globally present parent company to integrate international best practices and risk management solutions.