Nigeria’s insurance industry, despite historically low penetration compared with banking and fintech, has continued to expand in recent years.
According to Nairametrics, Nigeria’s insurance companies held total assets of about N4.6 trillion by mid-2025, a sign of rising investments and stronger balance sheets across the industry.
At the same time, gross premium generation has continued to climb, with insurers recording N769.2 billion in premiums in the first quarter of 2025 alone, one of the strongest quarterly performances on record.
This shows that while insurance still lags behind other financial sectors in scale, its growth trajectory is steadily improving.
Within this evolving landscape, some women are increasingly shaping the direction of the industry.
From executive leadership, underwriting and actuarial services to risk management, female professionals are gaining influence in a sector.
In celebration of International Women’s Day, here are the influential female C-suite executives in Nigeria’s insurance industry.
Here are the women leading the Nigerian insurance sector
Mary Adeyanju is the Managing Director and Chief Executive Officer of Consolidated Hallmark Insurance Limited.
She has more than two decades of experience in Nigeria’s insurance sector and has developed deep expertise in operations management, regional leadership, and business development.
Adeyanju joined Consolidated Hallmark Insurance in 2004 and has held several key leadership positions, including Controller, Regional Director for Lagos/West, and Executive Director of Operations.
Before joining Consolidated Hallmark, she gained extensive industry experience with First Chartered Insurance Company Ltd and Carrier Insurance Brokers, where she served as Regional Director and Assistant General Manager.
Earlier in her career, she held marketing and business development leadership roles at Boof & Co. Insurance Brokers, providing a strong foundation in client relationship management and brokerage operations.
Adeyanju is a Fellow of the Chartered Insurance Institute of Nigeria and holds an MBA in Marketing from Lagos State University.
She also earned a Bachelor of Arts degree in Theatre Arts from the University of Jos and a diploma in insurance from Ahmadu Bello University.
