Wed Apr 28 2021
The Group Managing Director/CEO, Cornerstone Insurance Plc, Mr Ganiyu Musa, has said the company paid N4.6 billion as claims to its clients in 2020.
The CEO disclosed this at the Nigerian Council of Registered Insurance Brokers (NCRIB) Abuja Area Committee Annual General Meeting (AGM)/Election sponsored by Cornerstone Insurance held in Abuja.
He also stated at the event that his company grossed about N20bn in premium income in 2020 and raised its capital base to over N9bn.
“In terms of the strength of our finances, within 2020, we grew our gross premium by more than 30 per cent to close at N20 billion. And we made a total comprehensive income of almost N3bn in 2020 and that’s coming on the back of 2019 that was also a very stellar performance.”
Ebere Nwoji
Stakeholders in the insurance industry have identified investment in technology, knowledge acquisition as key to achieving work flow efficiency in the delivery of services to consumers.
The stakeholders made the remarks at the April edition of the Nigerian Council of Registered Insurance Brokers (NCRIB) Lagos Area Committee meeting held in Lagos.
The meeting, which had the theme, âWork Flow Efficiency,â was sponsored by Cornerstone Insurance Plc.
The forum witnessed presentations on work flow efficiency tied to motor policy, as well as marine business, and how insurance consumers could be served better from a knowledge background.
Speaking at the meeting, the Chairman, NCRIB Lagos Area Committed, Rotimi Olukorode, in his welcome remarks said it was the first empowerment series to equip members with the right knowledge and skills that would enhance their efficiency in the profession.
By Bennett Oghifo
Addressing the root cause of building collapse in Nigeria will be the focus of today’s discussions at the second edition of Lafarge Africa’s quarterly webinar – Concrete Ideas, a platform for deliberation of issues, policies and developments shaping Nigeria’s construction, infrastructure and housing sectors.
At Lafarge Africa Plc.,’s previous Concrete Ideas webinar series with the theme: “Public-Private Partnership Approaches to Rapidly Upscaling Nigeria’s Economic Infrastructure,” professionals proffer credible solutions and implementable options to the nation’s infrastructure problems.
Today’s discussions will be headlined by the Minister of Mines and Steel Development, Arc. Olamilekan Adegbite, as Special Guest of Honour. There will also be in attendance reputable Thought Leaders, including Engr. Joseph Makoju, Chairman, Nigerian Cement Association, Michael Scharpf, Head, Sustainable Construction, LafargeHolcim, other experts in public poli
Vanguard News
What truly is life?
Kindly Share This Story:
With the number of deaths in this country, it has become a miracle how people live into their 50s, 60s, 70s, 80s and on. Life is cheap here and when you still have yours, you cannot take it for granted
By Francis Ewherido
My birthdays are always times to reflect on my life and life generally. No birthday is complete without that. But I also like to make my birthdays public. The avalanche of prayers and well wishes I get mean the world to me. But making it public and using it to reflect are inversely related and does create challenges. Last Tuesday, I almost could not do my birthday reflections. First, I decided to sleep like it was a weekend.
Growing insecurity scaring away investors — NCRIB vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.