Lagos, Nigeria – January 6, 2025.
Cornerstone Insurance, a trailblazer in Nigeria’s insurance industry, has announced a groundbreaking collaboration with Flutterwave, Africa’s leading payments technology company. This collaboration is designed to provide customers with seamless, secure, and efficient payment solutions for their insurance needs.
This initiative highlights the shared commitment of both organizations to leveraging cutting-edge technology to improve customer experience and foster financial inclusion. The aim is to simplify the payment process for insurance policies, enhancing convenience for customers by enabling them to transact effortlessly via Cornerstone’s website and app.
Speaking on the collaboration, Sid Gautam, Senior Vice President, Business Development at Flutterwave, remarked, “At Flutterwave, we empower customers to drive impact while expanding financial inclusion. Working with Cornerstone Insurance ensures seamless, secure payments through 15+ channels, enhancing their ability to serve customers effortlessly.”
Echoing this sentiment, Jafar Elamah, Head, Digitization and Project, at Cornerstone Insurance, stated, “This collaboration represents a significant step in our journey toward creating a seamless experience for our customers. With Flutterwave’s robust payment platform, we are confident in our ability to meet the dynamic payment needs of our clients while ensuring reliability and convenience,” he said.
The collaboration reflects a shared vision of innovation and customer-centricity, paving the way for a more connected and efficient insurance ecosystem.
About Cornerstone Insurance
Cornerstone Insurance is licensed and re-certified by the National Insurance Commission (NAICOM) to do both general and life business. As the first insurance company in Nigeria to provide customers with an online platform for insurance transactions, our services are technologically driven by cutting-edge insurance applications. These services are accessible with ease through the internet and on mobile.
At Cornerstone, we remain committed to both our core values of integrity, empathy, professionalism, innovation, and team spirit and our continued mission of delivering value beyond expectations through need-based products and quality service.
About Flutterwave
Flutterwave is the leading payments technology company that enables businesses worldwide to expand their operations in Africa and other emerging markets through a platform that enables local and cross-border transactions via one Application Programming Interface (API). Flutterwave has processed over 630M transactions in excess of USD $31B and serves global and African customers like Uber, Air Peace, Bamboo, PiggyVest, and across various industries.
The company’s key advantage is connecting businesses to various local and international payment types to enable them to expand globally. It also enables cross-border transactions from the diaspora to African countries via its SendApp product. Flutterwave processes payments via multiple payment modes, including local and international cards, mobile wallets, bank transfers, and Google Pay. The company has an infrastructure reach in 34 African countries. For more information on Flutterwave’s journey, please visit www.flutterwave.com.
Media Contact:
Paul Iwunwa
Marketing and Corporate Communications
