Coronation Insurance — review & details
Formerly Wapic Insurance, incorporated in 1958 and renamed under the Coronation Group in 2020; on the NAICOM general-insurance register (RIC 046). Covers car, home, business and life lines and publicly targets paying claims in under 48 hours.
Heritage brand (ex-Wapic)
Coronation Insurance
★★★★☆
Third-party motor; comprehensive motor (part of its personal insurance range)
Cover Types
NAICOM-licensed general insurer (RIC No. 046, verified on the NAICOM register)
Licence
Public stance: 'no one should have to wait more than 48 hours' for claims; self-service claims portal
Claims
Buyers who want one of Nigeria's oldest underwriting heritages inside a modern financial-services group
Best For
insurer
Type
Pros
- Verified on NAICOM's general-insurance register (RIC 046)
- Underwriting heritage dating to 1958, now backed by the Coronation financial-services group
- Publicly commits to fast claims and offers a self-service portal
Cons
- Motor is a modest share of its book, which skews corporate — retail motor service is not its core franchise
- The old coronationinsurance.com.ng address returned errors during this research; product detail sits behind 'learn more' journeys on the group site
- Brand transition from Wapic may still show on older policy documents and third-party listings
Fees, eligibility & documents
Fees
PremiumThird-party at the regulated flat rate; comprehensive priced against vehicle value — request a quote via the group site
Eligibility
- Vehicle owner with a valid Nigerian driving licence
- Third-party motor insurance is legally compulsory in Nigeria
- Declared vehicle value for comprehensive cover
Documents needed
- Valid driver's licence
- Vehicle registration papers
- Valid means of identification; vehicle valuation for comprehensive
How Coronation Insurance compares in car insurance
| Coronation Insurance | Leadway Assurance | NEM Insurance | |
|---|---|---|---|
| Cover Types | Third-party motor; comprehensive motor (part of its personal insurance range) | — | — |
| Licence | NAICOM-licensed general insurer (RIC No. 046, verified on the NAICOM register) | — | — |
| Claims | Public stance: 'no one should have to wait more than 48 hours' for claims; self-service claims portal | — | — |
| Best For | Buyers who want one of Nigeria's oldest underwriting heritages inside a modern financial-services group | Reliable claims | Motor cover |
| Visit Coronation Insurance → | Get a quote → | Get a quote → |
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