CORONATION INSURANCE PLC

Coronation Insurance Plc, with roots tracing back to its incorporation on March 14, 1958, as West African Provincial Insurance Company Limited, stands as a long-established entity in the Nigerian financial services landscape. The company transitioned into a public limited liability company on August 31, 1990, at which point its shares were listed on the Nigerian Stock Exchange. Demonstrating its evolving capabilities, it secured a life insurance license from the National Insurance Commission (NAICOM) in 2000, enabling it to offer a comprehensive range of insurance solutions. To align with regulatory requirements, the company further established Coronation Life Assurance Limited as a wholly-owned subsidiary on March 1, 2007, dedicated to its life insurance operations. Formerly known as Wapic Insurance Plc, the company officially adopted its current name, Coronation Insurance Plc, on August 12, 2020, to better reflect its modern brand identity and strategic direction. As a leading West African full-line insurance provider, Coronation Insurance Plc specializes in underwriting both general and life insurance policies for a diverse clientele of individuals and corporate entities. Its operations are distinctly segmented into General Business, which offers coverages for areas such as fire, motor, engineering, marine, aviation, oil & gas, and various other special risks, and Life Business, focused on providing protection against premature death, disability, critical illness, alongside savings, investment, and retirement planning solutions. The company primarily serves the Nigerian market, while also extending its insurance services into Ghana through its international subsidiary, Coronation Insurance Ghana Ltd. Its core insurance subsidiaries include Coronation Life Assurance Limited and Coronation Insurance Ghana Ltd. As a key component of the broader Coronation Group, the company operates within an ecosystem that also encompasses various other financial services, often provided by affiliated entities within the group.