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Social Scout
See what Social Scout found of Cornerstone Insurance
Provided by TrustFinance AI Analysis
Social Scout
See what Social Scout found of Cornerstone Insurance
Provided by TrustFinance AI Analysis
Nigeria
1991 (35 Years)
Last online: No recent activity
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3
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Traffic & Engagement
2.67
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This company is currently Unproved.
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know Cornerstone Insurance
Get to know Cornerstone Insurance
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Summarization
Cornerstone Insurance Plc holds a prominent position in Nigeria's insurance landscape as the pioneering company to offer a fully online platform for insurance transactions. Established on July 26, 1991, as a private limited liability company, it transitioned to a Public Limited Liability Company in 1997, subsequently listing on the Nigerian Stock Exchange. This strategic move cemented its presence and facilitated its growth within the competitive Nigerian insurance market. Its commitment to technological innovation is a defining characteristic, underscored by its recognition as the 'Best Use of Technology, Insurance Company' in 2016 at the Nigerian Technology Awards. This award exemplifies the company's dedication to modernizing the insurance experience for its clients. Cornerstone's success story is interwoven with its consistent adaptation to technological advancements and its focus on providing a user-friendly and accessible insurance platform.
Cornerstone Insurance Plc's journey began on July 26, 1991, in Nigeria. Its establishment marked a significant step in the evolution of the Nigerian insurance sector, paving the way for a more accessible and technologically advanced approach to insurance services. The company's early adoption of online platforms signifies a forward-thinking approach that has helped shape its current market position.
Cornerstone Insurance Plc operates under strict regulatory oversight, maintaining a strong track record of compliance. Crucially, the company holds a license and re-certification from the National Insurance Commission (NAICOM), Nigeria's regulatory body for insurance. This dual license enables Cornerstone to conduct both General and Life insurance businesses, catering to a wide spectrum of client needs.
Cornerstone Insurance Plc boasts a diverse portfolio of insurance products designed to cater to a broad range of individual and corporate clients. Their offerings cover:
The coverage options within each product are designed for flexibility, allowing customization to meet specific client requirements. This approach ensures a tailored insurance solution for every individual and business.
Beyond its core insurance offerings, Cornerstone Insurance Plc provides a suite of additional financial services, broadening its appeal to a wider clientele:
These supplemental services enhance the customer experience by providing comprehensive financial solutions under one roof.
While specific premium rates aren't readily available on the company's website, it's important to note Cornerstone Insurance Plc's substantial financial standing. As of December 31, 2023, its issued and fully paid share capital and market capitalization stood at ₦9.083 billion and ₦25.432 billion respectively. This strong financial position indicates a capacity to offer competitive pricing within the market. However, for precise pricing, direct contact with the company is recommended.
A direct comparison with industry averages is not readily available through publicly accessible sources. To obtain this comparative data, a comprehensive market analysis would need to be conducted, comparing Cornerstone's premiums with those of other major players in the Nigerian insurance sector.
At the time of this review, details regarding specific discounts or promotional offers are not prominently featured on the company's website. It is advisable to contact Cornerstone Insurance Plc directly to inquire about any current promotions or potential discounts applicable to your specific needs.
Cornerstone Insurance Plc prioritizes client accessibility. While specific details on 24/7 support aren't explicitly stated, its online platform suggests a commitment to readily accessible support. The company can be reached via:
The availability of 24/7 support and multilingual assistance needs clarification. While the company utilizes modern technology for communication, the extent of its support services requires direct confirmation with the company. It is recommended to check their website or contact them directly for the most up-to-date information.
Cornerstone Insurance Plc presents itself as a reputable insurer in Nigeria, recognized for its technological advancements and comprehensive insurance product portfolio. Its strong regulatory compliance adds to its credibility. However, increased transparency concerning pricing, discounts, and detailed customer service information would enhance its overall client experience. Potential clients should contact the company directly to obtain precise pricing details and clarify support services.
Individuals and businesses seeking comprehensive insurance coverage and appreciating the convenience of online platforms, particularly those valuing technologically advanced service delivery, will likely find Cornerstone Insurance Plc's offerings attractive. However, thorough research and direct communication with the company are essential to confirm that its services align perfectly with individual needs and expectations.
