They are Cornerstone Insurance Plc. Incorporated on 26th July 1991 as a private limited liability company and became a Public Limited Liability, quoted on the Nigerian Stock Exchange in 1997. Their organization was established to conduct Insurance business in a professional, ethical and customer-focused manner and has remained committed to these values over the years.
The Company is licensed and re-certified by the National Insurance Commission (NAICOM) to do both General and Life businesses and the classes of Insurance business they currently undertake include the following:
Motor Vehicle, Aviation, Marine, Engineering All Risks, Asset Protection, Liability to Third Party, Oil & Gas, Group Life, Credit Life, Mortgage Protection, Term Assurance, Wealth Creation Products and Takaful (Islamic Insurance)
The company’s Authorized Share Capital and Market Capitalization is N7.5 billion and N5 billion respectively, while the Shareholders’ Funds is N8.045 billion as at December, 2015. The total assets of the company are in excess of N15.38 billion.
At Cornerstone, they remain committed to both their core values of Integrity, Empathy, Professionalism, Innovation, and Team Spirit and their continued mission of delivering value beyond expectations through needs-based products and quality service
THEIR TECHNOLOGY
Cornerstone Insurance Plc. Is the first insurance company in Nigeria to provide customers with an online platform for insurance transactions. Little wonder why Cornerstone Insurance Plc. was adjudged as the ‘Best Use of IT in Insurance Service’ 2012, by the Financial Technology Magazine.
Their services are technology driven by cutting edge Insurance applications. These services are accessible with ease through the internet and/or mobile technology.
VISION
To be the leading insurance-based financial services group that transforms the Industry.
MISSION
Delivering value beyond expectations.
Business Scope
Cornerstone Insurance provides qualitative and professional services in all classes of insurance business namely:
