About Staco Insurance
Staco Insurance is a company based in Lagos (Nigeria) founded in 1994.. Staco Insurance offers products and services including Fire/Extraneous Perils Policy, Motor Insurance Policy, Marine Policy, and Group Personal Accident Plan. Staco Insurance operates in a competitive market with competitors including Intact Ventures, Royal Exchange, SUNU Assurances Nigeria, Guinea Insurance and Veritas Kapital, among others.
- Headquarter Lagos, Nigeria
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Staco Insurance Plc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
Employee Count
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Products & Services of Staco Insurance
Staco Insurance offers a comprehensive portfolio of products and services, including Fire/Extraneous Perils Policy, Motor Insurance Policy, Marine Policy, and Group Personal Accident Plan. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Covers risks from fire and related perils for properties.
Provides coverage for motor vehicles against accidents and damages.
Insures goods and vessels against sea transit risks.
Offers protection for individuals against accidental injuries.
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Funding Insights of Staco Insurance
| 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 |
Investments & Acquisitions by Staco Insurance
| 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 - Staco Insurance
| 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 |
Staco Insurance Comparisons
Competitors of Staco Insurance
Staco Insurance 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 Intact Ventures, Royal Exchange, SUNU Assurances Nigeria, Guinea Insurance and Veritas Kapital, 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 |
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| domain | founded_year | HQ Location |
Provider of property & casualty insurances
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Property and casualty insurance is provided by Royal Exchange.
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| domain | founded_year | HQ Location |
Property and casualty insurance is offered in Nigeria.
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| domain | founded_year | HQ Location |
Diversified property and casualty insurance is offered in Nigeria.
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| domain | founded_year | HQ Location |
Operates as a property and casualty insurance carrier, providing tailored coverage solutions.
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| domain | founded_year | HQ Location |
P&C insurance carrier
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Staco Insurance
Frequently Asked Questions about Staco Insurance
When was Staco Insurance founded?
Staco Insurance was founded in 1994.
Where is Staco Insurance located?
Staco Insurance is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
What does Staco Insurance do?
Staco Insurance was established in 1994 as a property and casualty insurance carrier. Operations are based in Lagos, Nigeria, where underwriting and coverage services are managed for various risks including property damage and liability. The company functions within the Nigerian insurance sector, serving clients through standard policies and claims processing. Focus is maintained on regional markets without international expansion noted.
Who are the top competitors of Staco Insurance?
Staco Insurance's top competitors include Intact Ventures, Royal Exchange and SUNU Assurances Nigeria.
What products or services does Staco Insurance offer?
Staco Insurance offers Fire/Extraneous Perils Policy, Motor Insurance Policy, Marine Policy, and Group Personal Accident Plan.