Royal Exchange Plc provides general and health insurance, life assurance, asset management, credit financing, and microfinance banking services in Nigeria and internationally. The company operates through Non-Life Insurance, Life Insurance, Financial Services, Healthcare, and Asset Management segments. It provides general insurance products, which include money guard, burglary protection, fire protection, transit plan, building liability, motor guard, workmenâ€™s plan, personal care, group care, group life assurance, home secure, aviation, marine, engineering, oil and gas, bonds, in-house protection, and professional indemnity insurance. The company also provides heritage, family support, personal, tuition, investment, annuity, educational endowment, and endowment plan products; mortgage protection, term, and Keyman assurance that covers death and permanent disability of a key person in an organization; insurance and savings accounts; and funeral policy that covers the funeral expenses of the insured. In addition, it provides reserve investment accounts, investment notes, high yield investment papers, and vehicle and asset acquisition scheme services; various credit products comprising finance and customer leasing, short-term and trade finance loans, and short â€“term project and LPO financing services, as well as various healthcare insurance services. The company primarily serves individuals, small and medium sized businesses, commercial enterprises, multinational corporations, public and disbursing credits, micro-entrepreneurs, informal sectors, and farmers. Royal Exchange Plc was founded in 1918 and is headquartered in Lagos, Nigeria.
Founded in: 1918