Cornerstone Insurance Plc has reaffirmed its commitment to Nigerian retirees, assuring annuitants of continued reliability, transparency, and service excellence.
The assurance was given by Stephen Alangbo, the company’s chief executive officer and group managing director, during the Cornerstone Annuity Forum held recently in Abuja.
The event brought together retirees, industry leaders, and stakeholders for open discussions on enhancing customer experience and strengthening confidence in annuity services.
Addressing participants, Alangbo underscored Cornerstone’s strong financial standing and ability to deliver on its obligations.
“Our annuitants represent the trust our customers continue to place in us, the commitment of our people, and the strength of our vision. We are building a future-ready business one that remains relevant to individuals, families, and businesses across Nigeria,” he said.
The CEO also disclosed that Cornerstone Insurance had successfully taken over the annuity payments of former Niger Insurance Plc customers, following regulatory approval.
On the Nigerian Insurance Industry Reform Act (NIIRA 2025), which mandates significant recapitalisation across the sector, Alangbo assured retirees that Cornerstone is financially secure and well-positioned.
“Subject to confirmation from NAICOM, Cornerstone Insurance Plc does not need to raise additional capital under NIIRA 2025. We are solid, we are transparent, and we are fully able to continue paying your claims without interruption,” he stated.
Alangbo reiterated the company’s philosophy of keeping promises and putting customers first, stressing that Cornerstone’s operations are guided by trust and transparency.
With more than three decades in the industry, the insurer continues to operate through subsidiaries including FIN Insurance and Hilal Takaful, maintaining a reputation for integrity and customer focus. Cornerstone is licensed and re-certified by the National Insurance Commission (NAICOM) to provide both life and general insurance services.
As the first Nigerian insurer to launch an online platform for insurance transactions, the company said it remains committed to delivering innovative, technology-driven, and easily accessible products. Its mission, it added, is anchored on integrity, empathy, professionalism, innovation, and team spirit.
