What It Does: Leadway Assurance specializes in providing casualty insurance, travel insurance, life insurance, residential and commercial property insurance, annuities and pensions, auto insurance, SME insurance, savings, investments, etc., to its customers.
Mission: The mission statement of Leadway Assurance is to become a service provider of choice, bringing insurance as a risk management tool to the consciousness of relevant parties, and adding value to its clients and stakeholders in an efficient and reliable manner.
Size and Presence: Leadway Assurance has a workforce of more than 330 employees across 54 offices in Nigeria.
Best Known For: This company is best known for its efficiency in service and reliability. Leadway Pensure, a subsidiary of Leadway Assurance, won Best-In-Class at the 2021 edition of the ABLMA. In the 2020 edition of the Great Place to Work Awards, Leadway Assurance was named among the best companies to work with.
The Good Bits: Leadway Assurance has a healthy working culture, making the organization fun and productive. The company offers numerous employment incentives to its staff. There is room for learning which is beneficial for the development of freshers and interns.
In 1970, Leadway Assurance was established when Sir Hassan Odukale established the company in Lagos. The following year, it began operations as a direct motor insurer. With time, it expanded into other business areas and offered more insurance products to its customers. Leadway Assurance became an extensive insurer underwriting general business and life insurance policies.
Over the years, Leadway Assurance grew into an insurance giant with the immense financial capacity to underwrite policies with very big risks for industries such as Oil & Gas and manufacturing. Leadway Assurance provided auxiliary financial solutions such as portfolio or fund management, miscellaneous financial losses, bonds, and secured credit.
The company is parent to well-known companies such as Leadway Asset Management, Leadway Hotel, Leadway Pensure, Leadway Capital & Trust, and Leadway Properties & Investments. The current head of the company is Tunde Hassan Odukale.
Leadway Assurance has an excellent working culture that is built on the strength of 6 core values, namely:
These values guide the conduct of every employee and management staff in your organization. Leadway Assurance has a healthy working environment where employees treat each other like members of the same family, work together, and are on friendly terms with each other. Even freshers are welcomed warmly into the organization and given the support and guidance they need to grow. The company has an inclusive working environment that embraces the diversity of all its employees. The company dress code is business professional.
As a top provider of financial solutions in Nigeria, Leadway Insurance has a serious investment in the professional development of its workforce. The company offers a graduate trainee program to young talents who want to build and launch a career in insurance. Through this program, the company nurtures these freshers into seasoned professionals with an acumen for business and risk management.
Leadway Assurance transforms these inexperienced participants into future leaders of the financial services industry. The training program entails mentorship, networking opportunities, skills training, and team assignments.
A fresh graduate working at Leadway Assurance earns an annual average salary of ₦1.2 million, while an entry-level employee earns ₦900k.
Through its Slum2School program, Leadway Assurance has provided educational opportunities for impoverished children in low-income communities in Nigeria.