Robust Covers for members' liability risks

The Pool provides robust and convenient covers for all members' liability risk..

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9 Strong Member Companies

We have 9 Strong and reliable Insurance Companies as active members of the Pool...

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Shared Technical Knowledge

NLIP offers free technical appraisal on large and high/complex risks purposely to offer advice to members concerned, accordingly...

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ABOUT NIGERIA LIABILITY INSURANCE POOL

Who we are?

Nigeria Liability Insurance Pool (otherwise called The Pool/NLIP)

is an organization formed in 1988 by a group of reputable and financially strong insurance companies under the umbrella of Nigerian Insurers’ Association (NIA) that control significant proportion of the Nigerian insurance market...

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Why Choose Us

There are various benefits that an Insurance Company stands to gain when join the Nigeria Liability Insurance Pool.

Increased Capacity

Members can spread risks underwritten by ceding excess of retention.

High Return on Investment

Dividends shared according to members proportion of participation.

Protection

The pool is well disposed to reduce catastrophic exposure coupled with adequate technical reserve.

Technical Assistance

Technical support in assuring prudent underwriting through regular industry appraisal and recommendations.

Solvency & Improved Liquidity

Swift response to cash call prompt claim settlement and improved financial strength.

Cheapest Rewarding Re-insurance

Whooping 35% commission plus 7.5% VAT on premium ceded thus making the Pool much cheaper than the conventional reinsurance.

EXPERTS IN THE FIELD

Our major achievements

Years of Experience

Member Companies

Covers provided

LIABILITY COVER
98%
BUSINESS VOLUME
75%
CLAIMS PAID
90%
TECHNICAL SUPPORT
85%
RELIABILITY
90%
Our mission

Nigeria Liability Insurance Pool
mission statement

To be the rally point for all Pool members by ensuring superior underwriting of liability insurance policies through application of robust technology, and highly skilled professionals with an unrelenting faculty to think outside the usual box.

  • Create additional underwriting capacity;
  • Share technical knowledge;
  • Realise high liquidity through prudent and efficient fund management;
  • Discourage as much as possible capital flight from overseas reinsurance premium remittance;
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