Leadway

[7] Leadway Assurance, established in 1970 by Sir Hassan O. Odukale, has a history that traces its evolution from modest beginnings to a significant presence in Nigeria's insurance industry.

In its early years, Leadway received support from organisations including the Northern Nigerian Development Company (NNDC) and the Bank of the North, aiding its market establishment.

Sir Hassan O. Odukale, the founder, secured the N50,000 statutory deposit required by the Central Bank of Nigeria (CBN) by mortgaging his home.

The 1980s marked a transformation for Leadway as it transitioned from a traditional retail underwriter to collaborating with brokers, entering the corporate market.

[8] As Leadway's financial strength grew, meeting up with the new minimum wage capital, the company continued to diversify its product offerings.

[15] During agricultural losses in Benue and Nasarawa states, Leadway Assurance processed and settled claims totaling N111.4 million swiftly.

The company offers a range of investment products, including mutual funds, portfolio management, and advisory services.

Leadway Asset Management's approach is based on in-depth market analysis and a commitment to delivering optimal investment returns.

Established as a subsidiary of Leadway, it leverages the group's experience in the insurance sector to provide accessible and affordable healthcare solutions.

[22] The app was later upgraded to include the telemedicine feature enabling policyholders to talk to doctors without having to visit the hospital except in medical emergencies.

This initiative provides a community where women can learn new skills, share experiences, and access resources to support their personal and professional development.

[26][27] In education, one of its flagship CSR programs, "Pages to Places," tackles the challenge of limited literacy rates, particularly in rural communities.

The company also supports underprivileged children by collaborating with various organisations to offer scholarships and facilitate access to free education.

[29] Leadway participates in healthcare initiatives across Nigeria, including a partnership with the Nigerian Association of Social and Resourceful Editors (NASRE) and the Federal Government to provide financial and medical support to media practitioners facing health challenges.

This program awards full scholarships to ten deserving students each year, enabling them to pursue tertiary education.

This rating signifies Leadway Assurance's strong capitalization, prudent risk management practices, and exceptional underwriting performance.