Stanbic IBTC Insurance Limited has emerged as a top-performing insurer, clinching the Life Insurance Category at the 2025 Risk Analyst Insurance Brokers Performance Review Awards.
The prestigious recognition highlights the company’s commitment to claims settlement efficiency, service excellence, and strong broker partnerships, reinforcing its position as a trusted underwriting partner in Nigeria’s insurance sector.
Recognised for Operational Excellence
The annual awards, organised by Risk Analyst Insurance Brokers Limited, evaluate insurance underwriters based on key performance indicators, including:
- Prompt claims settlement
- Quality of service delivery
- Responsiveness to clients and brokers
- Effective broker–underwriter collaboration
The initiative is designed to promote accountability, raise service standards, and strengthen trust within Nigeria’s insurance ecosystem.
Stanbic IBTC Insurance’s win in the Life Insurance category underscores its operational discipline and customer-focused approach, which have contributed to sustained confidence among policyholders and industry partners.
Leadership Reacts to the Award
Chief Executive of Stanbic IBTC Insurance, Akinjide Orimolade, described the recognition as a testament to the company’s dedication to reliability and service excellence.
“Trust is built through reliable performance, timely claims settlement, and service that supports customers when it matters most. This recognition reflects the quality of service we provide for our clients and partners. We are honoured to receive this accolade and will continue to raise standards across the industry,” he said.
Similarly, Chuma Nwokocha, Chief Executive of Stanbic IBTC Holdings Plc, praised the achievement, noting that it reflects the broader group’s strategy of building strong, enduring institutions.
“Stanbic IBTC Insurance continues to set benchmarks in professionalism, client service, and operational excellence, reinforcing our role as a trusted partner to individuals and businesses across Nigeria,” he stated.
Strengthening Nigeria’s Insurance Industry
The 2025 award further positions Stanbic IBTC Insurance as a dependable player in Nigeria’s life insurance market. Industry observers say consistent performance in claims settlement and customer service remains a key differentiator in a competitive landscape.
As Nigeria’s insurance sector evolves with ongoing reforms and increased regulatory expectations, recognitions such as the Risk Analyst Awards spotlight insurers that demonstrate resilience, transparency, and long-term value creation.
