FIRST CORNERSTONE INSURANCE BROKERS LTD
We metamorphosed from Combination of the best regional Risk management brains with initial capital formation of N5million and authorized share capital of N100,000,000 ( one hundred million naira). With a dynamic Board of directors and an innovative management team led by the Executive Vice Chairman Omeche I .Omeche, who states that “our major task in this venture is to re- tool the internal and external dynamics of the insurance market ,to give customers pioneering service at no extra premium cost, shareholders and staff exceptional value’’.
First Cornerstone Insurance Brokers Limited we know practice and enlighten that an insurance broker can save you time, money and worry. Just like an accountant or lawyer who provides you with professional advice, based on years of training and experience, a qualified broker can do the same with your insurance.
Insurance can be incredibly complicated to fully understand, and an insurance broker can help you understand the details of a policy and also work out what level of cover you need so that you are properly protected.
Using a broker doesn’t necessarily cost more. Often it costs less because brokers have knowledge of the insurance market and the ability to negotiate competitive premiums on your behalf. In addition, because insurance brokers deal with a range of insurance companies directly, sometimes they can access policies that are not available to most consumers.
If the worst happens and you do have to make a claim, a broker will act on your behalf, liaising with the insurance company to negotiate the best possible outcome for the client. So whether it’s home, car, life or business insurance, brokers are the best, most trusted source of advice available to make sure you are properly protected.
First Cornerstone Insurance Brokers Limited is a private limited Company incorporated to advise, manage risks and place all classes of insurance business.
The stringent economic situation of the country that has consequently led to the devaluation of the Naira has brought about marked changes in the macro economic system. Many producers and distributors have had to increase prices even where such increases are not supported by the logic of economic principles. The way forward is largely unclear. The current situation presents a lot of challenges and threats as well as to existing and starting up businesses.
The Broker of First Choice
We are a multi-line insurance broker offering tremendous advantages to groups and associations, business clients in all industry sectors, individual life and health, corporate employee groups and more. We deliver that personal service each and everyday through dedicated client managers and guaranteed service commitments.
Our Control office is located at 2nd Floor FCO House 2 Ikwerre Road, Port Harcourt, Rivers State. While the Head Office is situated at 8 Gbagada Expressway , Anthony, Lagos State. The branches are as follows: Afri Project Building, 1st Floor, Room 108, 12 Capetown Street Wuse Zone 4, Abuja. 177, Mbiama-Yenagoa Road, Opolo, Yenagoa Bayelsa State. 82, First East Circular Road Benin City, Edo State,, other offices in Yola and Kogi States.
To fulfill our objective of embracing a strategic alliance of International nature, we have a network of associated offices allover the world that provide a wide range of insurance services to complement our services and tailor each policy to suit the specific risk requirements of each corporate client.
We have always been a dependable partner, helping our clients protect their human and material assets, creating superior value for all our stakeholders and promoting the sustenance of a healthier global business environment.
MISSION STATEMENT
To make an indelible impact in both international & Nigerian organizational policies that will ensure a smooth and uninterrupted running of people and clients personal and corporate activities. Inculcating stable business and peace of mind for our teaming clientele.
CONCEPT OF INSURANCE BROKERS
As direct insurance broker, we are in a strategically advantageous position of offering a totally flexible approach to your insurance portfolio. The access to all constituents of the insurance sector, both public and private, enables us to negotiate the most competitive rates & maximize the scope of your required level of insurance cover. We would emphasize that as a direct broker, we represent the client and not the insurer. Our services to clients are free of charge and include comprehensive insurance cover to cater to a variety of disparate needs whether corporate, institutional, group or personal lines of insurance as well as risk management analysis where we suggest ways and means of minimizing your risk exposure.
WE DO THIS BY
1. Obtaining detailed information of the client’s business and risk management philosophy.
2. Familiarizing with the client business and underwriting information so that this can be explained to insurers.
3. Rendering advice on appropriate covers and terms.
4. Maintaining detailed knowledge of available insurance products.
5. Submitting quotations received from insurers for consideration of the client.
6. Providing requisite underwriting information as required by insurers in assessing the risk to decide pricing terms and conditions for covers.
7. Acting promptly on instructions from clients and providing him written acknowledgements and progress reports.
8. Assisting clients in paying premium.
9. Providing services related to insurers consultancy and risk management.
10. Assisting in the documentation and negotiation of the claims and
11. Maintaining proper records of claims.
The Board of Directors is made up of men who are achievers in their various fields of endeavors and are of the highest integrity. They cut across the economy and industry and are well versed in modern business. They all share a common objective, which is to establish and maintain a Company that ensures customers satisfaction in the area of providing tailor made insurance services, particularly to ensure prompt settlement of genuine claims.
The evolvement of First Cornerstone Insurance Brokers Limited was to fulfill a long yearning, by a crop astute businessmen and young, intelligent professionals who are keen on creating an insurance brokerage brand of global reputation. Though the company metamorphosed from best hand & brain ,an old baby – with a new name, corporate culture, values, staff and management team. We are constantly driven by the vision to create an insurance brand of exceptional value within the industry. We re-focused, re- capitalized, re- energized the human capital and re- tooled the company internally and externally, so that it can compete favorably. The energy to do all these is derived from the vision inside us. Join us, by starting a relationship with us through any of our offices. It‘s a new dawn!! Come and experience it.
Group Captain Alex Igie Nasamu (Rtd)
DSS,PSC Chairman