The award is part of Risk Analyst Insurance Brokers Limited’s annual assessment of insurance underwriters, which evaluates partners based on key criteria including claims settlement efficiency, service delivery, responsiveness, and broker–underwriter collaboration.

The initiative aims to promote accountability, raise service standards, and strengthen trust across Nigeria’s insurance ecosystem.

Stanbic IBTC Insurance Ltd’s recognition reflects its operational discipline, prompt claims settlement, and partnership-driven approach that fosters long-term confidence with clients and brokers. The 2025 performance highlights the insurance company’s role as a dependable and credible underwriting partner in the market.

Akinjide Orimolade, chief executive of Stanbic IBTC Insurance, said:

“At Stanbic IBTC Insurance, 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.”

Chuma Nwokocha, chief executive of Stanbic IBTC Holdings, added:

“We are proud of this achievement, which highlights the strength of our insurance business and the broader Stanbic IBTC Group’s focus on 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.”

The 2025 Risk Analyst Insurance Brokers Performance Review Awards recognises Stanbic IBTC Insurance Ltd’s performance in life insurance and reflects the broader institutional direction of Stanbic IBTC Holdings; building resilient, trusted, and high-performing financial institutions that contribute to Nigeria’s economic growth and the development of the insurance sector.

The Company has been assigned a Long-Term Rating of A and a Short-Term Rating of A1, both with a Stable Outlook.

This upgrade reflects stronger confidence in Stanbic IBTC Insurance’s financial resilience, governance standards, and long-term sustainability.

The improved ratings underscore the Company’s commitment to robust risk management, operational discipline, and its strong capacity to meet obligations to policyholders.

Agusto & Co. also cited Stanbic IBTC Insurance’s sound liquidity position, prudent business strategy, and the strategic backing it receives as part of Stanbic IBTC Holdings.

As part of its growth strategy, Stanbic IBTC Insurance continues to expand its retail footprint across Nigeria, enhancing access to life insurance solutions and deepening its presence in key markets. This expansion supports its mission to serve individuals, families, and businesses with reliable and accessible insurance offerings.

Commenting on the rating upgrade, Akinjide Orimolade, chief executive of Stanbic IBTC Insurance, stated:

“We are delighted with this upgrade as a reflection of our progress and the trust we’ve earned from stakeholders. Our focus remains on delivering reliable protection, exceptional service, and enduring value to both policyholders and other stakeholders. This recognition motivates us to uphold the highest standards of financial discipline, service excellence, and integrity.”

In terms of claims settlement, Stanbic IBTC has consistently demonstrated its commitment to prompt and efficient payout to policyholders and annuitants. Since its establishment in 2021, the company has settled over 2,000 claims, amounting to more than ₦1.8 billion in cash.

Additionally, it has paid over 16 billion in annuities to more than 4,900 retirees, reaffirming its dedication to delivering reliable and timely benefits.

Stanbic IBTC Insurance remains committed to maintaining its strong financial position, driving customer-centric innovation, and consistently delivering on its promise of security and peace of mind for Nigerians.

This belief came alive at the 2025 edition of its annual Annuitants Forum, themed “Making the Most of Life in Retirement.”

Held virtually, the gathering brought together retirees from across Nigeria into one shared space of reflection, guidance, and encouragement. It wasn’t just a meeting—it was a moment to reimagine what life after work can truly mean.

From the onset, the atmosphere was rich with optimism. Annuitants logged in not only to listen but also to share, ask questions, and learn how to navigate this season with confidence. The conversations stretched beyond finances, touching on lifestyle, health, relationships, and legacy.

Akinjide Orimolade, chief executive of Stanbic IBTC Insurance, set the tone with a heartfelt message:

“Our mission is to help our annuitants make the most of this chapter, not just financially but in every aspect of their lives. Through forums like this, we reaffirm our role as partners in their well-being.”

Panel discussions addressed real-life issues close to retirees’ hearts—maintaining financial stability in a volatile economy, embracing wellness habits, preparing Wills, and building solid estate plans. More importantly, participants were encouraged to view retirement not as withdrawal, but as reinvention—a stage where passions can be rediscovered and new opportunities embraced.

What made the forum stand out was its two-way engagement. Attendees didn’t just listen, they shared personal stories, exchanged tips, and voiced their concerns about annuity products and retirement planning.

This interactive approach reinforced Stanbic IBTC Insurance’s commitment to listening and evolving with its clients.

For the company, the Annuitants Forum is more than an event; it’s a promise. A promise that retirees will not walk this journey alone, and that their voices, needs, and aspirations will continue to shape the services they receive.

As the 2025 edition closed, one thing became clear: Stanbic IBTC Insurance is not just in the business of providing annuities it is in the business of nurturing life after work. With every forum, the company strengthens its role as a trusted partner, helping retirees find fulfilment, security, and joy in their golden years.

For more information about Stanbic IBTC Insurance, call 0201 270 6801 or email insure@stanbicibtc.com.

This prestigious recognition validates that the firm has effectively implemented and maintained a robust Quality Management System, overseen by DQS Holding GmbH.

DQS Holding GmbH, a part of the globally recognised DQS Group based in Frankfurt, specialises in assessing and certifying management systems across various industries.

This recertification underscores Stanbic IBTC Insurance Limited’s commitment to excellence, transparency, and compliance within the insurance sector.

The comprehensive audit examined various aspects of the company’s operations, including its financial practices and adherence to regulatory standards; and highlights Stanbic IBTC Insurance Limited’s commitment to exceeding industry best practices and promoting a culture of integrity and accountability.

As a trusted insurance provider, the organisation acknowledges that customer confidence is paramount.

The successful recertification enhances its reputation in the market and strengthens relationships with its valued clients; reflecting a proactive stance on risk management and organisational governance, which is essential for protecting the interests of policyholders.

Akinjide Orimolade, chief executive of Stanbic IBTC Insurance Limited, expressed pride in the company’s recent recertification.

He stated,

“We are delighted to receive this new certification, which highlights our ongoing commitment to uphold the highest standards of governance and accountability. This achievement is proof of the hard work and dedication of our exceptional team, reinforcing our promise to our clients and stakeholders.”

Akinjide further emphasised the critical role of trust within the insurance industry, noting its importance in fostering long-lasting relationships with clients.

“In an industry where clients seek security and value, we recognise that trust is fundamental. Our team’s dedication to transparency and ethical practices has been instrumental in establishing this trust,” he remarked.

Reiterating Stanbic IBTC Insurance Limited’s mission to provide high-quality insurance products and services, Akinjide affirmed the company’s ongoing commitment to excellence and adherence to stringent industry standards.

This certification marks a significant milestone, enhancing the company’s profile as a leading insurer while reinforcing its reputation for reliability and integrity.

“Our ongoing dedication involves investing in our people, processes, and technology to ensure we remain at the forefront of the insurance industry. We will continuously listen to our clients’ feedback, pursue innovative solutions for their needs, and adjust our services accordingly, aiming to meet and exceed the expectations of those who place their trust in us,” Akinjide concluded.

The Insurance firm said it remains focused on building customer trust and ensuring financial stability. The company is committed to continuous improvement and innovation in its service offerings, enabling it to meet the evolving needs of its clients effectively.

This recertification sets a solid foundation for the company as it strives to deliver outstanding insurance solutions, prioritising customer satisfaction and security.

Targeting young adults, the Education Endowment Plan encourages parents and guardians to adopt a long-term strategy for investing in the educational future of their children  Through the launch, the company aims to raise awareness about the importance of investing in education.

By opting for the Stanbic IBTC Education Endowment Plan, parents can benefit from a comprehensive investment solution that safeguards their children’s academic journey.

During a media interactive session in Lagos, Akinjide Orimolade, chief executive of Stanbic IBTC Insurance, explained that the Education Endowment Plan offers families a strong financial safety net.

This product ensures the protection of their children’s education, regardless of life’s uncertainties; providing reassurance and confidence.

By making strategic investments today, parents can secure access to education for their children, enabling them to realize their full potential and pursue their aspirations.

“We are proud to launch the Education Endowment Plan campaign, an insurance product that aligns with our commitment to empowering parents in Nigeria to attain financial security for the education of their children. As a leading insurance provider, we recognize the profound impact education has on a nation and its populace, and we are dedicated to supporting parents in their quest to provide quality education for their children by insuring the future,” Akinjide stated.

He further emphasized,

“The loss of a parent or guardian is profoundly devastating and can greatly affect a child’s educational journey. With this in mind, we have created a product to reassure parents and guardians. It ensures that their children and wards’ education will remain secure and uninterrupted regardless of life’s uncertainties.”

The Stanbic IBTC Education Endowment Plan offers numerous benefits. It provides financial support for dependents in case of death; guarantees the child’s or ward’s education; and gives parents and guardians peace of mind.

The plan can also be used as collateral to secure a loan, where urgent needs arise. At the plan’s maturity, the targeted amount is payable, plus a bonus enhancing the benefits, making it an effective vehicle for saving.

The plan features include minimum and maximum entry ages of 18 and 65, respectively, with a maximum exit age of 70.

The plan terms range from 5 to 20 years, and premium payments can be made monthly, quarterly, semi-annually, annually, or through lump sum payments. Coverage is provided against death from any source, with a minimum benefit of N1,000,000.00.

The guaranteed sum assured is specified in advance by the policyholder, and an annual reversionary bonus currently guaranteed at 2 percent of the sum assured begins to accrue at the end of each year.

Stanbic IBTC Insurance is backed by a strong and reputable history. With over two decades of service, the Stanbic IBTC Group has a proven track record of excellent service delivery.

Akinjide urged parents and guardians to take charge of their children’s future today by securing the Stanbic IBTC Education Endowment Plan.

“We can empower the next generation to achieve greatness and build a brighter future for Nigeria just by the investments we make today. Your decision today can significantly impact your child’s or ward’s future; making you feel empowered and responsible for their success.”

The Education Endowment Plan is a call to action for parents and guardians to make intelligent choices for their children and wards. Obtaining this insurance plan marks a significant step forward in securing a transformative investment in their academic security, providing them with an advantage in the future.

To get started with the Stanbic IBTC Education Endowment Plan, applicants must complete a proposal form and provide documents, including a passport photograph, valid identification, and proof of residence. You can also call 02 01 270 6801 or send an email to educationendowment@stanbicibtc.com .

This innovative insurance solution will transform the industry and bring peace of mind to policyholders and their families.

Akinjide Orimolade, Chief Executive, Stanbic IBTC Insurance Limited expressed his excitement about the Sunset Benefit Plan, emphasising its importance in financial planning.

He stated;

“Having a comprehensive funeral expenses cover is a crucial part of financial planning as it ensures that you are not caught unprepared when the unexpected happens. With The Sunset Benefit Plan, we are thrilled to introduce an insurance product that eases the burden of funeral expenses with the passing of a loved one. With this plan’s flexibility and customisation options, individuals can tailor their coverage to match their unique financial situations.”

The Sunset Benefit Plan offers a wide range of benefits, making it a comprehensive solution for funeral costs.

It covers policyholders and their loved ones, including spouses and parents or parents-in-law, with a next birthday age of up to 75 years at entry into the policy.

The loved ones can be added through extra premium payments, allowing for a personalised experience.

Premium for the Sunset Benefit can be paid within a five-year  period or paid till the age of 70 for policy holders who take up the policy after age 65.

Titi Ogungbesan, Executive Director, Business Development at Stanbic IBTC Insurance Limited, highlighted the various additional benefits for policyholders. These additional benefits include cover for interment, grocery, catering, childcare, and a cashback benefit applicable to payment plans up to age 70.

This cashback feature allows policyholders to receive a refund equivalent to 12-month premiums every five years, provided premiums are up-to-date and no claims have been made on the policy.

The plan allows for payment of the benefit on the death of loved ones who are covered under the plan. The policy holder will choose the benefit payable upon the occurrence of death.

The plan also allows for waiver of premium where the policy holder passes on before the other beneficiaries. This applies if the premium has been paid consistently for 12 months before death.

The benefit in this situation will also be paid on the lives of the loved ones.

This comprehensive funeral cover perfectly aligns with Stanbic IBTC Insurance Limited’s mission of empowering individuals to secure their future with creative risk management solutions that enable clients to create, protect, and preserve wealth.

Stanbic IBTC Insurance Limited is a leading insurance provider in Nigeria, offering innovative and comprehensive insurance products to secure individuals’ financial futures.

As a subsidiary of Stanbic IBTC Holdings PLC, the company is committed to providing top-notch insurance solutions and empowering clients to achieve their life goals.

The Sunset Benefit Plan is now available for interested individuals seeking financial security and peace of mind during life’s most challenging moments.

With Stanbic IBTC Insurance Limited’s trusted track record in financial services and prompt claims management, policyholders can be confident that they are fully covered.

Akinjide Orimolade, Chief Executive of Stanbic IBTC Insurance Limited, said in a statement that the benefits of obtaining life insurance policies through Stanbic IBTC Insurance Limited includes securing the financial future of their loved ones, prompt payment of claims to beneficiaries, product flexibility, access to expert financial advisors and quality professional services.

The Stanbic IBTC Insurance Chief Executive stressed that the rationale behind “The Good Life” insurance campaign was to educate Nigerians on the needs and benefits of having a life insurance package, as it guarantees peace of mind and aids preparedness for unprecedented occurrences.

“The campaign seeks to create awareness of several fully customised, innovative, life insurance solutions that allow Nigerians easy access to the good life,” Akinjide said. “As professionals with vast insurance market knowledge, we offer suitable policies to our retail and corporate clients based on extensive research and conscientious needs assessment. It is smart to have a life insurance cover, especially in these uncertain times. Our solutions cover beneficiaries from financial hassles when life happens.”

Enumerating the packages under the Stanbic IBTC Life Insurance to policyholders, Akinjide said that the offerings include Stanbic IBTC Group Life Assurance, Stanbic IBTC Group Credit Life Assurance, Stanbic IBTC Education Endowment, Stanbic IBTC Sunset Benefit plan, Stanbic IBTC Retiree Annuity, Stanbic IBTC Term Life Assurance and Stanbic IBTC Mortgage Protection Assurance.

He added that the Stanbic IBTC Term Life Assurance policy is a life assurance plan that provides cover against death, which is purely a family protection policy and does not attract surrender (termination value).

Commenting on the capability of Stanbic IBTC Insurance Limited to handle claims by policyholders, Akinjide emphasised that the organisation has robust financial backing, a track record of responsiveness to its clients and a culture of taking its responsibility to settle all insurance claims to its policyholders’ beneficiaries as and when due.

Each year, life insurance companies, including Stanbic IBTC Insurance Limited, pay out billions of naira in claims to Nigerians via various insurance policies whenever the policyholder passes on, Akinjide said.

He, therefore, encouraged Nigerians to buy life insurance packages, stressing that Stanbic IBTC Insurance Limited has reduced its premium to as low as N5,000 to get its policyholders fully covered. As many Nigerians are just beginning to understand the importance of insurance, Stanbic IBTC Insurance Limited has been very deliberate about educating both young and old about the advantages that the right insurance cover provides to life.

The organisation has said it remains committed to ensuring that its customers and clients benefit from its product offerings while urging them to take advantage of them.

Late last year, Stanbic IBTC and the Nigerian Football Federation (NFF) announced a meaningful partnership that would see Stanbic IBTC, through its insurance subsidiary, Stanbic IBTC Insurance Limited, provide Group Life Insurance cover worth N1.73 billion and Total Personal Accident insurance cover for each player of the national team, to the tune of N583 million annually for the next three years.

By this development, Stanbic IBTC becomes the official insurance sponsor of the Super Eagles as the MoU signed between the financial organisation and the NFF came into effect officially this year, 2022.

According to Dr Demola Sogunle, chief executive, Stanbic IBTC Holdings PLC, the partnership is predicated on youth empowerment, which is one of the pillars of the institution, and football development.

Amaju Pinnick, President of NFF, further explained that the partnership is in huge favour of the players.

The partnership also entails empowering female journalists by sponsoring them to cover matches played by the Super Eagles.

Stanbic IBTC, as a foremost gender-balanced zealot, has sponsored four female sports correspondents: Funmilayo Adeyemo, Justina Aniefiok, Janefrances Nweze, and Faith Meregbunam to AFCON 2021.

The 2022 AFCON tournament has 24 participating teams. Nigeria bringing home the cup is currently the most anticipated expectation.

Unlike previous years, the Super Eagles will go head-to-head with the Pharaohs of Egypt in the anticipated match, knowing that Stanbic IBTC Insurance fully covers them.