Heirs Insurance Brokers

Name

Heirs Insurance Brokers

Legal name

Heirs Insurance Brokers Ltd

Website

https://heirsinsurancebrokers.com

Company type

Private

Founded year

2026

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Insurance Brokerage Commissions: As an insurance broker, Heirs Insurance Brokers earns commissions from insurance companies by placing insurance policies on behalf of clients. They offer products from 'the best and most reliable companies' suggesting a multi-insurer brokerage model.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Heirs Insurance Brokers is a Nigerian insurance brokerage firm that places insurance policies with multiple partner insurance companies on behalf of clients. It sells five core insurance lines: Motor Insurance (Third Party and Comprehensive), Group Life Assurance, Marine Cargo Insurance, Fire, Burglary and Special Perils Insurance, and Fidelity Guarantee. The firm delivers quotes within 24 hours and commits to claims payment within 48 hours through a multi-channel service model spanning website, phone, email, and in-person consultation.

Product overview

Heirs Insurance Brokers operates as a professional insurance brokerage offering a portfolio of five core insurance products: Motor Insurance (covering Third Party liability and Comprehensive vehicle protection), Group Life Assurance (serving employers and non-official groups with statutory and non-statutory schemes), Marine Cargo Insurance (protecting goods during transportation), Fire, Burglary and Special Perils Insurance, and Fidelity Guarantee coverage. The company acts as an intermediary, connecting clients with quotes under 24 hours and processing claims within 48 hours through partnered insurance providers.

Differentiator

Problem solved

Functional benefit

Products and services

• Motor Insurance Provides Third Party cover indemnifying the policyholder for third-party liabilities arising from the insured vehicle's use, and a Comprehensive Motor Insurance Policy extending coverage to the insured vehicle from road accidents, fire, or theft. Targeted at individual vehicle owners and corporate fleets in Nigeria.
• Group Life Assurance The Heirs Group Life plan offers statutory and non-statutory schemes, funding beneficiary payments for employers and non-official groups such as clubs and associations. Targeted at Nigerian employers, corporate groups, and associations seeking employee benefit and statutory group life coverage.
• Marine Cargo Insurance Covers the risks of loss, damage, expenses, and liability to goods during transportation from one location to another. Targeted at importers, exporters, and trading businesses transporting goods by sea, air, or land.
• Fire, Burglary and Special Perils Insurance Insurance coverage protecting against fire damage, burglary, and special perils as listed in the policy terms. Targeted at property owners and businesses seeking protection against physical asset risks.
• Fidelity Guarantee Insurance coverage providing protection against losses due to employee dishonesty or fraud. Targeted at employers and businesses exposed to internal fraud risk.

Quantifiable outcome

• Claims payment within 48 hours
• +1 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• AIICO Insurance: Major Nigerian insurance company underwriting life, general business, and health insurance products. Comparable as an incumbent carrier in the same Nigerian insurance market, with overlapping group life and general business product sets.
• Leadway Assurance: One of Nigeria's largest composite insurance companies offering life, motor, marine, and general business insurance. Comparable as a broad incumbent competing for the same product lines, though underwriting rather than purely broking risk.

Direct peers

• Willis Towers Watson (WTW): Global advisory and insurance brokerage serving corporate clients with risk, broking, and human capital solutions. Comparable as a multi-line broker competing for group life, marine, and commercial insurance mandates across Africa.
• Arthur J. Gallagher & Co. Large global insurance brokerage and risk management services firm. Comparable as a multi-line intermediary serving commercial and specialty insurance clients, with growing presence across emerging markets including Africa.
• Howden Group: Global insurance broker with growing African footprint. Comparable as a multi-line broker competing for commercial and specialty accounts in West Africa, particularly in marine and property lines.
• Marsh & McLennan (Marsh Nigeria): Global insurance brokerage and risk advisory firm with a Nigerian presence. Most direct comparability as a multi-line insurance intermediary serving corporate and institutional clients in Nigeria and across West Africa, competing for the same group life, marine cargo, and property accounts.
• Aon (Aon Nigeria): Global insurance and reinsurance broker with established Nigerian operations. Directly comparable as a multi-line brokerage serving corporate clients, with similar group benefits, marine, and property brokerage offerings.
• Lockton: World's largest independent insurance brokerage. Comparable as a multi-line, relationship-driven broker serving corporate and specialty clients, with selective African and emerging-market presence.

Regional players

• Coronation Insurance: Nigerian general insurance company providing motor, marine, fire, and special perils coverage. Comparable as a Nigeria-focused carrier overlapping in motor, marine cargo, and fire/burglary product lines where Heirs brokers competing risks.
• AXA Mansard Insurance: Leading Nigerian composite insurer offering motor, life, and general insurance products directly and through intermediaries. Comparable as a Nigerian-headquartered insurance provider competing in the same product categories, though primarily operating as a carrier rather than a pure broker.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/Heirs_Brokers
• Facebookfacebook.com/HeirsInsuranceBrokers
• LinkedInlinkedin.com/company/heirs-insurance-brokers
• Instagraminstagram.com/heirs.insurance.brokers

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Heirs Insurance Brokers