Stanbic IBTC Insurance coverage receives upgraded Credit score Scores of A and A1 from Agusto & Co for 2025 – 2026 monetary yr

Stanbic IBTC Insurance coverage, a subsidiary of Stanbic IBTC Holdings, is happy to announce that Agusto & Co. has upgraded its credit score rankings for the 2025–2026 monetary yr. The Firm has been assigned a Lengthy-Time period Ranking of A and a Brief-Time period Ranking of A1, each with a Steady Outlook. This improve displays stronger confidence in Stanbic IBTC Insurance coverage’s monetary resilience, governance requirements, and long-term sustainability.

The improved rankings underscore the Firm’s dedication to sturdy threat administration, operational self-discipline, and its sturdy capability to fulfill obligations to policyholders. Agusto & Co. additionally cited Stanbic IBTC Insurance coverage’s sound liquidity place, prudent enterprise technique, and the strategic backing it receives as a part of Stanbic IBTC Holdings.

As a part of its progress technique, Stanbic IBTC Insurance coverage continues to develop its retail footprint throughout Nigeria, enhancing entry to life insurance coverage options and deepening its presence in key markets. This enlargement helps its mission to serve people, households, and companies with dependable and accessible insurance coverage choices.

Commenting on the ranking improve, Akinjide Orimolade, Chief Govt of Stanbic IBTC Insurance coverage, said “We’re delighted with this improve as a mirrored image of our progress and the belief we’ve earned from stakeholders. Our focus stays on delivering dependable safety, distinctive service, and enduring worth to each policyholders and different stakeholders. This recognition motivates us to uphold the very best requirements of economic self-discipline, service excellence, and integrity.”

When it comes to claims settlement, Stanbic IBTC has constantly demonstrated its dedication to immediate and environment friendly payout to policyholders and annuitants. Since its institution in 2021, the corporate has settled over 2,000 claims, amounting to greater than ₦1.8 billion in money. Moreover, it has paid over 16 billion in annuities to greater than 4,900 retirees, reaffirming its dedication to delivering dependable and well timed advantages.

Stanbic IBTC Insurance coverage stays dedicated to sustaining its sturdy monetary place, driving customer-centric innovation, and constantly delivering on its promise of safety and peace of thoughts for Nigerians.

For extra info, go to www.stanbicibtcinsurance.com, ship an electronic mail to [email protected] or name 0201 270 6801.