Cornerstone Insurance Plc recently reaffirmed its commitment to a strong partnership with insurance brokers in Nigeria.
This message was delivered by Stephen Alangbo, the company’s Group Managing Director/CEO, during a courtesy visit to the Nigerian Council of Registered Insurance Brokers (NCRIB) executive council in Lagos.
The visit served multiple purposes. First, Alangbo reassured brokers of Cornerstone’s dedication to prompt claims settlement. He encouraged brokers to report any documented genuine outstanding claims, emphasizing the company’s capacity and willingness to pay them swiftly. This commitment to timely claim settlement fosters trust and strengthens relationships with brokers.
Secondly, the visit allowed Cornerstone to highlight its positive financial performance in 2023. Alangbo shared impressive figures, showcasing a significant increase in gross written premium and profit compared to the previous year. This growth trajectory demonstrates the company’s financial health and stability, making it a reliable partner for brokers.
The NCRIB, led by President Babatunde Oguntade, welcomed the Cornerstone delegation and commended their ongoing support. Oguntade particularly appreciated Cornerstone’s efforts to strengthen ties with brokers, emphasizing the council’s commitment to supporting members’ sustainable business initiatives.
This mutual support fosters a collaborative environment that benefits both brokers and the insurance industry as a whole.
Alangbo acknowledged a recent “gap” in the relationship between Cornerstone and brokers. However, he reassured the council of their commitment to bridge this gap and rekindle the company’s legacy of innovation and professionalism within the insurance landscape. This proactive approach demonstrates a focus on building stronger partnerships for future success.
Finally, Alangbo touched upon Cornerstone’s company culture. He highlighted their focus on creating a motivating work environment that attracts and develops skilled professionals. This focus on employee well-being and professional development contributes to a positive company culture, which in turn fosters better client service and a stronger overall business.
Cornerstone Insurance’s visit to the NCRIB signifies a renewed commitment to collaboration with insurance brokers. Through promises of swift claims settlement, financial stability, and a focus on building a strong workforce, Cornerstone appears dedicated to strengthening its position as a trusted partner within the Nigerian insurance industry.