IBN - Who We Are

Insurance Broking Excellence

Insurance leaders and pioneers are continuously reinventing insurance solutions

Who We Are

Nigeria First Insurance Broking Firm

Insurance Brokers of Nigeria Limited (IBN) is Nigeria’s premier insurance broking and risk advisory firm established in 1955 as C. T. Bowring & Company (Incorporated Insurance Brokers).

Our corporate culture is built on our vision, promise and commitment to create and deliver innovative risk and insurance management solutions that make our clients more successful. This commitment is focused on our core values of professionalism and integrity that has endured since our establishment with more than 60 years of respected continuous service.

Our Mission

To create and deliver risk solutions and services that make our clients more successful.

Our Commitment

Total commitment to clients’ satisfaction.

Our core Value

Focused on Quality Services Delivery, Professionalism, Confidentiality, Integrity and Innovation.

The IBN Story

IBN pioneered insurance broking in Nigeria in 1955 and has remained in the forefront of providing innovating collaborative solutions to various strategic sectors of Nigerian economy. Our industry specialty services range from Personal and Private Wealth Management to Commerce and Heavy Industries.

IBN has since 1955 grown to a fully integrated risk management and insurance broking firm and ranks top amongst the most respected broking firms in the country. We have historical experience of Nigeria; understand its present business dynamics and our experience positions us to help our clients make the right decisions to face the future.

With a rich-mix of experience blended with innovative response to the ever-changing operating environment, IBN has continued to successfully help its clients to efficiently manage their risks.

What We Do

IBN’s Core advantage derives from the following integrated services. With our Integrated Risk Management Approach, IBN will help analyse, design and properly maintain integrated risk management approach that will help to reduce or eliminate potential adverse effects of loss exposures confronting a client.

Ours is a value-added industry-specific risk and insurance broking services focused to meet each client’s insurance protection needs. Our industry specialty focuses on Commerce and Industry, Energy (Oil, Gas and Natural Resources), Power and Infrastructure, Construction, Communications, Marine, Aviation& Aerospace, Financial Services, Government and Statutory Corporations, Educational Services, Personal and Private Wealth Insurance. Read more

Industrial Risks Protection Consultants (IRPC) is Nigeria’s pioneer loss control experts. IRPC is our professional risk engineering, loss prevention and risk management consulting practice fully dedicated to conservation of property, continuity of business and safety of lives. IRPC is a wholly owned technical subsidiary of Insurance Brokers of Nigeria Limited and it is the first of its kind in Nigeria. Read more

People are the most vital resource of every successful organisation. Our human capital and benefits specialists provide consulting services on employees’ health and benefits, compensation and employee retirement plans, executive compensation and undertake the design of appropriate benefits schemes beyond statutory plans that help motivate and retain employees. Read more

Nigeria’s local content and insurance regulations in a non-admitted market requires effective innovative solutions to create reinsurance market capacity behind primary insurance carriers who must be offered risks domiciled in Nigeria. IBN’s wholesale reinsurance division works with local insurers/reinsurers and international reinsurance brokers to unbundle risks and create facilities that protect Nigerian reassured. Read more