Leadway Assurance Policyholders Receive N500bn Claims In 9 Years

Policyholders of Leadway Assurance Company Limited who suffered insured risks between 2016 and 2024 received a cumulative claim of about N500 billion.

The claims, paid over the nine years, were meant to put the claimants in the financial positions they were before disaster struck. The beneficiaries had individual or corporate policies with the insurers within the years under review.

Leadway has built its reputation as Nigeria’s most consistent claims-paying insurer, disbursing nearly N500 billion in claims between 2016 and 2024, including N117 billion in 2024 alone.

From its inception in 1970 as an insurance company, Leadway has evolved into a diversified group championing financial access, inclusion, and well-being for individuals and businesses across the region.

Today, Leadway’s integrated offerings span life and general insurance, health coverage, pensions, asset and wealth management, estate planning, hospitality and credit solutions, empowering millions to build resilient financial futures.

Speaking on this development, the group managing director/CEO, Leadway Holdings, Tunde Hassan-Odukale said: “Leadway’s journey is, in many ways, the story of Nigeria itself—one of resilience, diversity, and progress. We began by providing succour and financial freedom to individuals and businesses through risk management.

“Over the years, that mission has expanded into building a holistic ecosystem encompassing insurance, pensions, health, investments, trusteeship and hospitality. This milestone is both a testament to the trust we have earned and the excellence we continue to uphold.”

Through its HMO subsidiary, the group continues to deliver award-winning healthcare services to millions of Nigerians through a network of more than 2,500 hospital providers nationwide while continuously increasing robust financial portfolios and securing the future of many Nigerians through its Pensions and Asset Management subsidiaries.

Beyond Nigeria, Leadway has expanded its regional footprint into Côte d’Ivoire, strengthening its leadership in Francophone West Africa through Leadway Assurance, Ankara Services and Leadway IARD.

Leadway Media Dash gives young entrepreneurs and small and medium enterprises(SMEs) visibility by showcasing their businesses on the Leadway-owned platforms.

As Leadway marks its 55th anniversary, the company said it reflects on a journey of impact, resilience, and trust while restating its goal to create creative and inclusive financial, health, and wellness ecosystems for its clients. “We are committed to creating the next chapter of Africa’s financial services wellbeing powerhouse, offering digital-first solutions that are unparalleled, people-focused, and competitive on a global scale, with our past guiding us and shaping the future ahead,” Tunde Hassan-Odukale reaffirmed.