Leading underwriter, Cornerstone Insurance Plc, has won the Insurance Company of the Year 2024 Award by the African Insurance Organization (AIO). This recognition was presented to Cornerstone Insurance at the 50th AIO Conference and General Assembly held in Windhoek, Namibia.

The award affirms Cornerstone’s commitment to excellence, innovation, and customer satisfaction in the insurance sector as the company has consistently demonstrated outstanding performance and growth in the industry, setting new standards in service delivery and product offerings.

Now in its 9th edition, the African Insurance Awards honours distinguished African insurance companies and CEOs who have demonstrated unprecedented leadership, competence, and achievement in the industry. It aims to foster the best corporate governance, innovations, and sustainable growth within the insurance sector.

Speaking on receiving the award on behalf of the company, Stephen Alangbo, managing director/CEO, Cornerstone Insurance, said: “We are deeply honoured to receive this award. This recognition is a testament to the hard work and dedication of our entire team, who strive every day to provide exceptional service and value to our customers,” he said.

As the leading insurance provider in Nigeria, Cornerstone Insurance continues to invest in technology and talent to drive its mission of delivering superior insurance solutions. The company remains committed to maintaining the highest standards of integrity and professionalism, ensuring that its clients are always well protected and well served.

Cornerstone Insurance is licensed and re-certified by the National Insurance Commission (NAICOM) to do both general and life business. As the first insurance company in Nigeria to provide customers with an online platform for insurance transactions, our services are technologically driven by cutting-edge insurance applications. These services are accessible with ease through the internet and on mobile devices.

At Cornerstone, we remain committed to both our core values of integrity, empathy, professionalism, innovation, and team spirit and our continued mission of delivering value beyond expectations through needs-based products and quality service.

Modestus Anaesoronye is a leading Nigerian financial journalist with over two decades of experience reporting on the insurance and pension sectors across Nigeria and West Africa. He has held key editorial positions at major national media outlets, including The Comet, The Nation, and Financial Standard, and currently serves as a Senior Financial Analyst at BusinessDay Media Ltd. A widely travelled reporter, he has covered industry developments in more than 14 countries across Africa and Asia. Anaesoronye is a multiple award-winning journalist, honoured several times as Insurance Journalist of the Year and Pension Journalist of the Year by recognised industry bodies, including PensionScope and the Pension Fund Operators Association of Nigeria (PenOp), among others.

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