IBN - Insurance Broking Services

IBN Specialty: Insurance Broking Services

At Insurance Brokers of Nigeria Limited (IBN), our core strength lies in delivering integrated, industry-specific risk management and insurance broking services tailored to each client’s unique needs. Our Integrated Risk Management Approach empowers clients by analyzing, designing, and implementing customized strategies to minimize or eliminate the adverse impacts of potential risks.

We provide value-driven solutions across diverse sectors, ensuring comprehensive protection that aligns with your goals. Our expertise spans:

Commerce and Industry
Energy (Oil, Gas, and Natural Resources)
Power and Infrastructure
Construction
Communications
Marine, Aviation, and Aerospace
Financial Services
Government and Statutory Corporations
Educational Services
Personal and Private Wealth Management

With 70 years of experience, IBN combines deep industry knowledge with innovative practices to deliver robust, client-focused insurance solutions. We don’t just manage risks—we partner with you to safeguard your success in Nigeria’s dynamic landscape.

Our Approach

We first make a business case on how we should work with you by developing a proper understanding and agreement of your business and risk management goals. Working with you we will;

Develop a proper risk profile and unique features of your business and operations.
Advise you on an effective insurance program that will protect your operations from risks.
Focus on total cost of risk rather than simple amount spent on insurance to ensure the cost of risk is as low as possible.
Structure the insurance program to create competition within the insurance market.
Use available local and international reinsurance facilities to maximize our leverage and secure best possible insurance program pricing.
Negotiate and implement basic claims procedures that will facilitate prompt and fair claims resolution and recovery.

Business Planing & Solution

IBN provides tailor-made insurance broking and advisory services best suited to each client’s need. These range from basic personal and private wealth insurance protection programs to strategic and heavy industries. Our strength is our unparalleled local knowledge with global experience and commitment to deliver specialty services as your invaluable partner in providing seamless support to meeting your risk and insurance management objectives.