# Cornerstone Insurance Plc: Insurance, Lagos, Nigeria

> Cornerstone Insurance Plc: Cornerstone Insurance Plc is a prominent insurance company based in Lagos, Nigeria. Based in Lagos, Nigeria. Founded 1991.

Source: https://millionrounds.com/startup/cornerstone-insurance-plc (Millionrounds; every figure on the page links to its filing or article)

Nigeria · [Insurance startup](https://millionrounds.com/companies)

# Cornerstone Insurance Plc

Cornerstone Insurance Plc is a prominent insurance company based in Lagos, Nigeria.

Funding reported Last round: Venture (Round not Specified)

Insurance Lagos, Nigeria

Company summary

- **Founded:** 1991 35 years old
- **Team:** 290 201 to 1,000 people
- **Funding reported:** - none reported
- **Last round:** Venture (Round not Specified) Feb 2007

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Cornerstone Insurance Plc has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Cornerstone Insurance Plc

Cornerstone Insurance Plc is a prominent insurance company based in Lagos, Nigeria.

Established on July 26, 1991, it transitioned to a public limited liability company in June 1997 and is listed on the Nigerian Stock Exchange. The company is licensed by the National Insurance Commission to provide both General (Non-Life) and Life insurance services, boasting a significant market presence with a share capital of approximately N9.08 billion and total assets exceeding N106 billion. The company offers a wide range of insurance products, including Motor Vehicle, Aviation, Marine, and Fire insurance, as well as Life insurance options like Group Life and Mortgage Protection. Cornerstone also provides Takaful (Islamic) insurance solutions and leasing services through its subsidiaries. Notably, it was the first insurance company in Nigeria to launch an online platform for insurance transactions, enhancing accessibility for its customers. With a focus on corporate, individual, and institutional clients, Cornerstone Insurance Plc is committed to delivering professional and customer-oriented services across Nigeria.

## What company datasets say Cornerstone Insurance Plc raised

Funding, as reported

The last round reported **Venture (Round not Specified)** Feb 2007

Last round date **Feb 2007**

## The company, in detail

What they build

Known for

insurance accessibility customer satisfaction mobile apps consumers data protection motor insurance general insurance insurance policy flexible premium payments corporate insurance solutions insurance broker claims processing insurance claims online nigeria life assurance combined fire and burglary third party insurance

Built with from their website

Microsoft Exchange Online Azure DNS Google Cloud Hosting Microsoft Excel Microsoft Exchange Nginx Microsoft 365 Microsoft Azure Outlook Microsoft 365 Apps & Services

+3 more

Microsoft Email Providers SQL Brevo

- **Sector:** Insurance
- **Industry code:** NAICS 52413, 524113, 524126, SIC 6331
- **Region:** Lagos
- **Revenue:** 36M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/cornerstone-insurance)

## Insurance in Nigeria

Startups like it

- [**Casava** Lagos · founded 2019](https://millionrounds.com/startup/casava)
- [**MyCoverai (Techstars '22)** Lekki · founded 2021](https://millionrounds.com/startup/mycoverai-techstars-22)
- [**Evolutics Technology Services Limited** founded 2021](https://millionrounds.com/startup/evolutics-technology-services-limited)
- [**PaddyCover** Lagos · founded 2019](https://millionrounds.com/startup/paddycover)
- [**Haba InsurTech** Ikeja · founded 2022](https://millionrounds.com/startup/haba-insurtech)
- [**Insurpass** Lagos · founded 2021](https://millionrounds.com/startup/insurpass-2)

## Is this your company?

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