About Oceanic Life Assurance
Oceanic Life Assurance is a company based in Lagos (Nigeria) founded in 2022 was acquired by Old Mutual in February 2013.. Oceanic Life Assurance operates in a competitive market with competitors including ARM Life, African Alliance Insurance, African Alliance Insurance and Nigeria Re, among others.
- Headquarter Lagos, Nigeria
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Old Mutual
(Feb 06, 2013)
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Funding Insights of Oceanic Life Assurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Oceanic Life Assurance
Oceanic Life Assurance has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Old Mutual. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Diversified financial services are offered across multiple asset classes.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Oceanic Life Assurance
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Oceanic Life Assurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Oceanic Life Assurance Comparisons
Competitors of Oceanic Life Assurance
Oceanic Life Assurance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ARM Life, African Alliance Insurance, African Alliance Insurance and Nigeria Re, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Life insurance services are offered by ARM Life in Nigeria.
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| domain | founded_year | HQ Location |
Life insurance services are provided throughout Nigeria.
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| domain | founded_year | HQ Location |
Life insurance services are provided throughout Nigeria.
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| domain | founded_year | HQ Location |
Offers reinsurance for life and non-life insurance risks to corporate clients.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Oceanic Life Assurance
When was Oceanic Life Assurance founded?
Oceanic Life Assurance was founded in 2022.
Where is Oceanic Life Assurance located?
Oceanic Life Assurance is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
What does Oceanic Life Assurance do?
Oceanic Life Assurance was established in 2022 and is headquartered in Lagos, Nigeria. Operations are centered on the life insurance sector, where various policies including term and whole life coverage are offered to individuals and families. Services are delivered through digital and traditional channels across the Nigerian market, with a focus on risk assessment and claims processing in the local context. The domain oceanicinsuranceng.com supports online inquiries and policy management.
Who are the top competitors of Oceanic Life Assurance?
Oceanic Life Assurance's top competitors include African Alliance Insurance, African Alliance Insurance and ARM Life.
Who are Oceanic Life Assurance's investors?
Oceanic Life Assurance has 1 investor. Key investors include Old Mutual.