Cornerstone Insurance Leads Industry Transformation, Wins FiBOP Excellence Award

 




By allcitynews.ng



Cornerstone Insurance Plc has once again affirmed its leadership position in Nigeria’s financial sector, clinching the “Most Innovative Insurance Company of the Year” award at the 2025 Finance and Business Online Publishers (FiBOP) National Conference/Excellence Awards.

The prestigious recognition underscores the company’s commitment to technological advancement and groundbreaking solutions that are reshaping the country’s insurance landscape.

Speaking before presenting the award at the Company’s Headquarters in Victoria Island, Lagos, the President of FiBOP, Mr. Charles Onwuatogwu, said Cornerstone Insurance was selected after a rigorous evaluation process that highlighted its creative approach to product design and service delivery.

He noted that the company’s innovation-driven culture has not only enhanced customer satisfaction but has also contributed significantly to the overall growth and transformation of Nigeria’s insurance industry.

Receiving the award on behalf of the company, the Managing Director and Chief Executive Officer, Mr. Stephen Alangbo expressed delight over the recognition, describing it as a validation of Cornerstone’s relentless pursuit of excellence.

He commended FiBOP for acknowledging the company’s efforts and reaffirmed its commitment to continuous innovation, customer-centric service, and industry leadership.

“We are truly honoured by this recognition,” Alangbo said. “At Cornerstone, we believe innovation is not a one-off activity but a culture that drives how we create value for our customers. This award inspires us to keep raising the bar in digital transformation, product development, and service efficiency.”

Alangbo also expressed optimism about the future of Nigeria’s insurance industry, emphasising its vast untapped potential.

According to him, if stakeholders work collectively to explore new opportunities and deepen market penetration, the sector could contribute significantly to the nation’s GDP and potentially rival the banking and other financial services industries in scale and impact.

Cornerstone Insurance Plc has distinguished itself through a suite of forward-thinking products such as AutoEase (a digital motor insurance platform), Cornerstone MicroHealth, and SmartLife, which leverage cutting-edge technology to simplify access and improve customer experience.

The company’s heavy investment in digital infrastructure, artificial intelligence, and data analytics continues to enhance its operational efficiency, underwriting accuracy, and claims processing speed—cementing its reputation as a trailblazer in Nigeria’s insurance innovation ecosystem.




 
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