Cornerstone Insurance Plc, one of Nigeria’s most trusted insurance providers, has reaffirmed its unwavering commitment to retirement security, transparency, and service excellence for annuitants across the country.
This reassurance was delivered at the recently held Cornerstone Annuity Forum in Lagos, where the company’s Chief Executive Officer and Group Managing Director, Mr. Stephen Alangbo, engaged retirees, regulators, industry stakeholders, and members of the media in an open and interactive environment.
Strengthening Relationships With Annuitants
The Annuity Forum was designed to deepen trust and strengthen relationships with annuitants through open dialogue and engagement. Beyond the conversations, the event featured:
- Free health screenings
- Entertainment, games, and dance sessions
- Gift presentations and refreshments
More importantly, the gathering created space for meaningful discussions around customer satisfaction, service improvement, and Cornerstone’s leadership in Nigeria’s annuity market.
A Financially Strong and Future-Ready Insurer
Addressing participants, Mr. Alangbo highlighted Cornerstone Insurance Plc’s financial resilience and long-term preparedness to meet its obligations to retirees and policyholders.
“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.
He emphasized that trust, accountability, and operational strength remain at the core of Cornerstone’s annuity business.
Expansion of Annuity Portfolio
During the forum, Mr. Alangbo announced that Cornerstone Insurance Plc has officially assumed responsibility for the annuity payments of former Lasaco Assurance Plc customers, following regulatory approval.
This development comes on the heels of the company’s successful takeover of annuity obligations from Niger Insurance Plc in the previous year, further strengthening Cornerstone’s growing presence in Nigeria’s annuity and retirement planning space.
Lasaco Assurance Plc had earlier disclosed its intention, in September 2025, to transfer its annuity portfolio to Cornerstone as part of a strategic restructuring to improve efficiency and operational focus.
Welcoming the new annuitants, Alangbo reaffirmed Cornerstone’s readiness to responsibly expand its annuity portfolio where opportunities align with its long-term growth objectives.
“Cornerstone is financially strong and well positioned. We are ready to take on more annuity portfolios, and we will continue to communicate transparently with annuitants and the public,” he stated.
Confidence Amid NIIRA 2025 Reforms
The CEO also addressed concerns surrounding the Nigerian Insurance Industry Reform Agenda (NIIRA 2025), which mandates recapitalisation across the insurance sector.
According to him, Cornerstone Insurance Plc remains stable and well prepared:
“Subject to confirmation from NAICOM, Cornerstone Insurance Plc does not need to raise additional capital under NIIRA 2025. We are solid, transparent, and fully capable of meeting our obligations without disruption.”
This assurance further reinforced confidence among annuitants regarding the safety of their retirement income.
A Customer-First Philosophy Built on Trust
While appreciating retirees, stakeholders, and members of the media for their continued confidence, Mr. Alangbo reiterated Cornerstone’s customer-centric culture.
“At Cornerstone Insurance Plc, we are not like any other insurance company. We are unique. We are transparent. We keep our promises. Your trust is the foundation of everything we do.”
With over 30 years of industry experience, strong subsidiaries such as FIN Insurance and Hilal Takaful, and values rooted in integrity, innovation, empathy, teamwork, and professionalism, Cornerstone continues to set the standard for retirement security in Nigeria.
Technology-Driven and Regulator-Approved
Cornerstone Insurance Plc is licensed and re-certified by the National Insurance Commission (NAICOM) to provide both life and general insurance services.
As the first insurance company in Nigeria to introduce an online insurance platform, Cornerstone leverages cutting-edge technology to make insurance services accessible through web and mobile channels—ensuring convenience, transparency, and efficiency for policyholders nationwide.
Securing the Future of Nigerian Retirees
Through financial strength, regulatory compliance, innovation, and a deep commitment to customer care, Cornerstone Insurance Plc continues to reassure Nigerian retirees that their future is safe, secure, and well managed.
