How many insurance brokers are licensed in Nigeria?

There are 707 firms on the NAICOM register of licensed insurance brokers, which was last updated on 15 August 2025. The count moves as licences are issued, lapse or are withdrawn, so the register itself is the only figure worth quoting.

Where can I find the official list of insurance brokers in Nigeria?

NAICOM publishes it at naicom.gov.ng. Each entry shows the firm name, its RBC number and whether the licence is active. NCRIB publishes a separate list of its members.

How do I check that a Nigerian insurance broker is licensed?

Ask the firm for its RBC number and look it up on the NAICOM register yourself. Confirm the licence is shown as active and that the firm is an NCRIB member, since membership is a condition of the licence.

What is the difference between an insurance broker and an insurance company?

The insurance company carries the risk and pays the claim. The broker works out what you need covering, places it with an insurer, and represents you when you claim.

Is Metro Peril a licensed insurance broker?

Yes. Metro Peril Insurance Brokers Ltd holds RBC number 926 on the NAICOM register, with RC number 194768. The firm was incorporated in 1992 and has been trading since 1993.

List of insurance brokers in Nigeria

There are 707 licensed insurance brokers in Nigeria. Where the official register lives, which firms have traded longest, and how to check one.

12 August 2026Updated 26 September 20269 min readMetro Peril

There are 707 insurance brokers licensed to operate in Nigeria. That number comes from the register the National Insurance Commission publishes, last updated on 15 August 2025. If you search for a list of brokers, most of what comes back is somebody's top ten, which is usually opinion and sometimes advertising. The real list is public, it is free to read, and it is seventy times longer than any top ten.

The official lists, and where they live

Two bodies matter here. The National Insurance Commission, NAICOM, licenses insurance brokers and publishes the register of licensed firms. The Nigerian Council of Registered Insurance Brokers, NCRIB, is the professional body, and membership of it is a prerequisite for the NAICOM licence. NCRIB traces back to the Nigerian Corporation of Insurance Brokers, founded in 1962, and took its present form under an Act of the National Assembly in 2003.

NAICOM publishes its register of licensed brokers. Every firm on it carries an RBC number and a licence status you can read for yourself
NCRIB publishes a separate members list covering registered firms and their contact details

Those two are the answer to the question. Anything else, including this article, is a summary of them.

Some of the long established firms

Naming a few is useful for a sense of the market, so here are firms that have been at it a while. This is not a ranking and it is not exhaustive. Each one carries its RBC number so you can look the firm up on the register instead of taking our word for it.

Insurance Brokers of Nigeria, RBC number 21, founded in 1955 as C.T. Bowring and Company and generally counted as the first brokerage in the country
Metro Peril Insurance Brokers, RBC number 926, RC 194768, incorporated in 1992 and trading since 1993, with its licence shown as active on the NAICOM register
Hogg Robinson Nigeria
Boff and Company Insurance Brokers, RBC number 13
Ark Insurance Brokers, RBC number 29
Colenson Brokers Nigeria, RBC number 44, trading since 1983
Post Assurance Brokers, RBC number 328, established in 1985
YOA Insurance Brokers, RBC number 463, with roots going back to 1978 and the first Nigerian brokerage certified to ISO 9001-2015
Glanvill Enthoven Insurance Brokers and Pension Consult, RBC number 923, incorporated in 1957

One thing the register will not tell you is which firm is any good. The numbers are issued in their own order and a low one does not mean an older or better broker. All the register proves is that a licence exists and is current, which is the part worth proving.

We are on that list, which you should factor into how you read it. A broker writing about brokers is not a neutral party. That is exactly why the regulator's register is the one worth checking.

How to check a broker is real

This takes about five minutes and it is worth doing every single time, including with firms that have been recommended to you.

Ask for the RC number and the RBC number, then look the firm up on the NAICOM register yourself rather than taking a certificate at face value
Check that the licence is shown as active, not merely that the firm appears somewhere on the list
Confirm NCRIB membership, since the licence depends on it
Check that the premium is going to the insurer and ask which insurer is carrying the risk
Ask to see the policy document, not a cover note that never turns into one

A broker who is slow to give you a licence number is telling you something. The good ones hand it over before you ask.

What a broker is actually for

A broker does not carry your risk. The insurer does. What the broker does is work out what you need covering, get quotes from insurers who will actually pay, handle the paperwork, and then argue your corner when you claim. That last part is the one people underestimate until they need it.

If a broker only ever appears at renewal, you have the wrong broker. The work happens in between.

Where these figures come from

NAICOM register of licensed insurance brokersThe count of 707 and every RBC number above, as published on 15 August 2025.
Nigerian Council of Registered Insurance Brokers

Questions people ask

How many insurance brokers are licensed in Nigeria?: There are 707 firms on the NAICOM register of licensed insurance brokers, which was last updated on 15 August 2025. The count moves as licences are issued, lapse or are withdrawn, so the register itself is the only figure worth quoting.
Where can I find the official list of insurance brokers in Nigeria?: NAICOM publishes it at naicom.gov.ng. Each entry shows the firm name, its RBC number and whether the licence is active. NCRIB publishes a separate list of its members.
How do I check that a Nigerian insurance broker is licensed?: Ask the firm for its RBC number and look it up on the NAICOM register yourself. Confirm the licence is shown as active and that the firm is an NCRIB member, since membership is a condition of the licence.
What is the difference between an insurance broker and an insurance company?: The insurance company carries the risk and pays the claim. The broker works out what you need covering, places it with an insurer, and represents you when you claim.
Is Metro Peril a licensed insurance broker?: Yes. Metro Peril Insurance Brokers Ltd holds RBC number 926 on the NAICOM register, with RC number 194768. The firm was incorporated in 1992 and has been trading since 1993.