If you’re eyeing a career that offers stability, growth, and impressive pay, the insurance industry in Nigeria might be exactly what you’re looking for.
While insurance isn’t always the first field that comes to mind for job seekers, it’s actually one of the most rewarding sectors—especially when you land a spot at one of the top-paying companies.
In this guide, we’ll break down the highest-paying insurance companies in Nigeria in 2025, what they offer, and what it takes to work there.
Top 7 Highest-Paying Insurance Companies in Nigeria
1. AXA Mansard Insurance
Average Salary: ₦7M – ₦11M per year
AXA Mansard, part of the global AXA Group, is known for its generous pay and well-rounded benefits package. Employees enjoy healthcare, solid pension contributions, and regular training programs to boost their careers.
2. Custodian and Allied Insurance
Average Salary: ₦6.8M – ₦10M per year
This company blends competitive pay with career advancement perks. Think housing allowances, health insurance, and juicy performance bonuses.
3. Mutual Benefits Assurance Plc
Average Salary: ₦6.5M – ₦9.5M per year
Mutual Benefits isn’t just about insurance—it’s about growth. Staff enjoy pension perks, bonuses, and clear paths for promotion.
4. NEM Insurance Plc
Average Salary: ₦6.2M – ₦9M per year
NEM has been around for a while and offers services from marine to motor insurance. Employees here benefit from strong salaries and regular performance-based incentives.
5. Zenith General Insurance
Average Salary: ₦6M – ₦8.5M per year
Backed by Zenith Bank, this insurer offers stability and a structured environment. If you’re looking for security and growth, this is a great pick.
6. AIICO Insurance
Average Salary: ₦5.5M – ₦8M per year
AIICO focuses a lot on life insurance and pension management. It’s also known for leadership training and professional development opportunities.
7. Leadway Assurance
Average Salary: ₦5M – ₦7.5M per year
One of Nigeria’s oldest insurance providers, Leadway offers a wide range of coverage and flexible work benefits—including healthcare, transport allowances, and hybrid work setups.
What Do You Need to Work in an Insurance Company?
While finance and business degrees are common in this space, there’s actually room for people from different backgrounds—like law, IT, marketing, or even communications.
Here are a few skills that can help you stand out:
- Strong problem-solving and analytical skills
- Good with numbers and comfortable using Excel or CRM tools
- Clear communication and negotiation skills
- Familiarity with risk management is a big plus
- Having a CIIN certification (or international equivalent) also helps
Who Can Apply?
There’s room for everyone—whether you’re a fresh graduate or a seasoned professional.
Roles Available Include:
- Sales and Marketing: For those who love closing deals and meeting new people
- Actuarial Science: Great for data wizards who like crunching numbers
- Customer Service: If you’re a people person who enjoys helping others
- Finance & Accounting: For number-crunchers and strategic thinkers
- Information Technology: To build and support digital platforms
Where to Find Job Openings
Many of these companies regularly post vacancies and internship opportunities. Here’s how to find them:
- Company websites: Check their “Careers” page
- Job boards: Platforms like LinkedIn, Jobberman, and MyJobMag are super helpful
- Graduate programs: Companies like AIICO, Leadway, and AXA Mansard offer graduate trainee programs
Tips for Landing a Job in Insurance
- Polish your CV – Highlight relevant skills, certifications, or achievements.
- Write a focused cover letter – Personalize it to match the company and role.
- Apply smartly – Use both job boards and direct applications.
- Follow up – A gentle follow-up email can keep you top of mind.
- Prepare for interviews – Be ready to talk about industry basics and your interest in insurance.
FAQs About Insurance Jobs in Nigeria
1. What are the perks of working in insurance?
Beyond the salary, most insurance companies offer medical plans, housing and transport allowances, pensions, and training programs.
2. Which roles pay the most?
Managerial positions in sales, finance, and underwriting often take the lead, followed closely by actuaries.
3. Can I work remotely?
Some companies now allow hybrid models, especially for non-customer-facing roles.
4. Are there opportunities for fresh graduates?
Absolutely. Many insurers have graduate trainee programs to help young professionals build a career from the ground up.
5. How do I grow in this field?
Certifications like CIIN, combined with experience and networking, can open doors to leadership roles.
Conclusion
The insurance industry in Nigeria is more than just numbers and policies—it’s a solid career path with great pay, meaningful work, and tons of growth potential.
If you’re looking to step into a financially rewarding role in 2025, companies like AXA Mansard, Custodian, and Mutual Benefits Assurance are fantastic places to start. Whether you’re new to the field or ready for a career switch, there’s something here for you.
So go ahead—update that CV, check out job listings, and take that first step. You’ve got this.
