ARK Insurance



General Insurance

Also called Property and Casualty insurance, General Insurance is sold to individuals or corporations and provides cover for events that cause a financial loss to their assets (property damage) or a third party (liability).

Typical policies include Motor Insurance, Commercial Property owners, Home insurance, Employers’ liability or Public liability.

Employee Benefits

Life insurance pays a specified sum upon death of an insured person.

Health Insurance covers the cost of an individual’s medical expenses.

Group Life in Nigeria is a mandatory coverage for companies with more than 5 employees. The benefit is usually 3 times total annual emoluments.

Complex Risks

Complex risks is a generic term to describe atypical or large risk with specific underwriting requirements. Examples include oil and gas operators, large infrastructure companies, industrial companies, power generation companies, construction firms and Engineering.

Claims Management

We provide continued administration and claim recovery services. In the event of a claim, our dedicated claims team guides and assists clients through the entire recovery process from loss notification to financial settlement. The claims team can also intervene with insurers in case issues arise during the loss survey and adjustment process. Using our online corporate platform, clients are able to monitor the status of all their claims at any moment.



Treaty & Facultative Facilities

Reinsurance is the transfer of risk from the primary underwriter (the insurer) to another underwriter (the reinsurer).

For all types of risks, our reinsurance team combines market expertise to meet insurers’ need to:
● Structure an optimal reinsurance programme
● Price and Place the risk
● Recover losses

Risk Management

Risk Analytics

Combining technical proficiency with practical business knowledge, Ark risk analytics offers the expertise needed to make risk-informed decisions, optimize economic and regulatory capital, and achieve regulatory compliance.

Ark has developed easy-to-use actuarial and financial models using transparent and credible data to enable clients to make insightful decisions.


Corporate Platform

Is a real-time integrated platform, designed to managed the entire insurance cycle and facilitates the sharing of information between a corporate client and its insurers.

Core functionalities are:

● Seamless policy and certificate issuance
● Scheme management dashboard and reports
● Online claims tracking
● Instant reconciliation with insurers

Aggregation Platform / E-Insurance