About UCIB
UCIB is a company based in Ikeja (Nigeria) founded in 2003. It operates as a B2B, and B2C. UCIB offers products and services including Motor Insurance, Travel Insurance, SME Insurance, Personal Insurance, and Health Insurance. UCIB operates in a competitive market with competitors including TopCheck, Insured, Key Verticals, icomparemoney and Einsure, among others.
- Headquarter Ikeja, Nigeria
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- Legal Name Union Commercial Insurance Brokers Ltd
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Products & Services of UCIB
UCIB offers a comprehensive portfolio of products and services, including Motor Insurance, Travel Insurance, SME Insurance, Personal Insurance, and Health Insurance. 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 vehicles against third-party or comprehensive risks in Nigeria.
Protects travelers from medical and trip-related incidents worldwide.
Supports small businesses with tailored coverage for growth needs.
Offers policies for individuals and families against various risks.
Provides coverage for medical expenses and health-related issues.
Delivers customized plans for large businesses and multinationals.
Funding Insights of UCIB
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 UCIB
| 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 - UCIB
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Ucib Comparisons
Competitors of UCIB
UCIB 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 TopCheck, Insured, Key Verticals, icomparemoney and Einsure, 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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Insurance quotes are compared online for Nigerian customers.
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Insurance products from Nigerian insurers are compared for buyers.
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Offers an online platform for comparing and selecting personal insurance options.
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Operates a comparison platform for financial and utility products to aid consumer decisions.
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| domain | founded_year | HQ Location |
Aggregates a variety of insurance products for consumers.
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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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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about UCIB
When was UCIB founded?
UCIB was founded in 2003.
Where is UCIB located?
UCIB is headquartered in Ikeja, Nigeria. It is registered at Ikeja, Lagos, Nigeria.
What does UCIB do?
Union Commercial Insurance Brokers is a Nigerian company specializing in insurance brokerage, offering tailored policies for motor, travel, SME, personal, health, and corporate needs. They provide online purchasing and support for individuals and businesses, emphasizing customized packages and claims assistance. Based in Lagos with an office in Abuja, they serve clients across Nigeria with experienced professionals.
Who are the top competitors of UCIB?
UCIB's top competitors include TopCheck, Insured and Key Verticals.
What products or services does UCIB offer?
UCIB offers Motor Insurance, Travel Insurance, SME Insurance, Personal Insurance, and 2 more products and services.