OVERVIEW
KBL Insurance Limited is a licensed general insurance company in Nigeria, incorporated on January 17, 1994. The Company is fully recapitalised in line with the National Insurance Commission (NAICOM) recapitalisation requirements and the Nigerian Insurance Industry Reform Act (NIIRA), reaffirming its financial strength, regulatory compliance, and readiness to meet the evolving needs of its customers and stakeholders. With strategically located branches nationwide and a commitment to regulatory compliance, KBL Insurance delivers comprehensive risk management solutions across multiple sectors of the Nigerian economy. We are forward-looking insurance company committed to delivering responsive and reliable protection solutions with care.
VISION STATEMENT
To become the Company best known for providing insurance protection for every home and business in Nigeria.
MISSION STATEMENT
We provide innovative risk management solutions that bring comfort.
CORE VALUES
Team work | Empathy | Professionalism | Innovation | Customer centricity
ABOUT THE COMPANY
KBL Insurance is one of the new generation insurance companies in Nigeria with young and dynamic workforce, innovative products and excellent service delivery driven by a robust ICT platform. Our excellent customer oriented outlook is founded on our brand promise to offering services with care. The company currently has an authorized share capital of N4. 3 Billion and paid up capital of N3. 586 Billion. It also has reinsurance treaties with renowned local and international re-insurers. KBL Insurance Limited was incorporated on January 17, 1994 as Shieldhold Insurance Company Limited and started business the same year as an Underwriter licensed to underwrite both life and non-life insurance businesses. Following the acquisition of majority shareholding by a group of investors in December 1998, the name of the company was later changed to Guardian Trust Insurance Company Limited (GTI). Again, during the insurance industry consolidation/recapitalization exercise, former Bank PHB Plc acquired majority shareholding and consequently the name of the company was changed from Guardian Trust Insurance to Insurance PHB Limited on May 19, 2007. During this recapitalization exercise, the Board of Directors, agreed to concentrate on general businesses and raised the capital of the company to meet the minimum capital required by law to transact general insurance business. To further reposition for greater efficiency and increased market share, the company has undergone a rebranding process, and changed its name to KBL Insurance Limited on September 4, 2013.
VISION STATEMENT
To become the Company best known for providing insurance protection for every home and business in Nigeria.
MISSION STATEMENT
We provide innovative risk management solutions that bring comfort.
CORE VALUES
Team work Empathy Professionalism Innovation Customer centricity
