BY LOVETH-AZODO CHIJIOKE, Lagos
Insurance Meets Tech (IMT), Nigeria’s leading insurance and technology platform, has unveiled its inaugural “10 To Watch” ranking, recognising insurance companies driving digital transformation and expanding insurance access through technology across the country.
The ranking, announced at the 2026 edition of Insurance Meets Tech in Lagos, assessed participating insurers based on two equally weighted criteria the depth of their digital transformation and the market impact of their technology-driven innovations.
Heirs Insurance Group emerged as the overall leader with a combined score of 89/100, followed by Leadway Assurance with 85/100, while SanlamAllianz Nigeria secured third position with 84/100.
Cornerstone Insurance Plc placed fourth with 81/100, CubeCover came fifth with 80/100, Sovereign Trust Insurance Plc ranked sixth with 76/100, Rex Insurance Limited finished seventh with 74/100, Enterprise Life Assurance Nigeria came eighth with 73/100, Noor Takaful placed ninth with 71/100, while Zenith General Insurance Limited completed the top 10 with 65/100.
Beyond the top 10 ranking, emPLE Insurance received the inaugural “Most Promising Innovation Yet” recognition for its ongoing development of a cloud-based data infrastructure designed to support artificial intelligence-driven underwriting, fraud detection and customer experience management.
Speaking on the initiative, Convener of Insurance Meets Tech and Founder/Chief Executive Officer of Creato Urban, Mr. Odion Aleobua, said the ranking reflects the gradual transformation taking place within Nigeria’s insurance industry as operators increasingly embrace digital innovation.
According to him, the companies recognised have demonstrated a willingness to lead the industry’s digital evolution rather than wait for change to occur.
“This list indicates that the transformation of the Nigerian insurance industry is incrementally aligning with the growing demand for complete digitalisation of insurance services as required by NAICOM. The companies featured in this inaugural ’10 To Watch’ ranking are taking the initiative rather than waiting for the industry to evolve,” he said.
Aleobua added that the assessment framework was designed to reward insurers that combine operational excellence with broader market accessibility, noting that technology should not only improve efficiency but also make insurance more inclusive and accessible to Nigerians.
The organisers explained that the evaluation framework measures companies on the sophistication of their technology architecture, automation and artificial intelligence adoption, as well as the practical impact of their digital innovations on policyholders and the wider insurance market. The scores were generated from a 100-point scale for each category, with the final ranking based on the average of both metrics.
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