Heirs Insurance Group says it has recorded over three million customers in five years of its existence in the Nigerian insurance sector through transformative products and services.
Mr. Niyi Onifade, Managing Director/CEO of Heirs Life and Sector Head of Heirs Insurance Group said at a media engagement session to celebrate five years of the Group in Lagos that Heirs came to transform the market by leveraging on technology and customer-centric products and services.
Onifade described Heirs as a digital insurance group that has a track record of over N21 billion claims payment for the Group (General & Life) in 2025, N7.5 billion profitability and N136 billion in total assets in just five years of operation in the Nigerian insurance space.
He added that Heirs also considers sustainability as an integral part of its business model.
“We take sustainability seriously because we believe that every business must have impact on the society. We believe in building the market and building the nation to improve lives and transform society. The next 50 years is anchored on building to last, by solidifying what we have been able to achieve and it would be about Africa-Heirs Insurance Group of Africa.”
Mr. Wale Fayemi, Managing Director/CEO of Heirs General said the vision of Heirs is to democratise insurance in Nigeria to ensure that every segment of the population has access to innovative insurance products and services.
“We plan to make insurance simple through adoption of technology to lead the way. With insurance, the economy will grow. We came to tackle the trust deficit in the insurance industry and we’ve transformed the market and the economy.”
