Stanbic IBTC Wins Africa's Effect Insurance Model Award

Stanbic IBTC has been awarded the overall winner of Africa's Effect Insurance Model Award at the inaugural Africa Insurance Award 2026, which took place alongside the Continental Reinsurance CEO Summit in Kigali on April 17. The judging panel praised the company for its disciplined execution of its strategy, particularly its focus on life insurance growth, which was a key factor in its success.

The award specifically highlighted Stanbic IBTC's bancassurance strategy, which integrates insurance products within its banking platform, setting a new benchmark in the continent. The company was recognized for its consistent commercial performance and effective bancassurance model.

In the same category, La G n rale de Assur from Benin secured second place, while the third position was taken by another firm. The event also honored media excellence, with several Nigerian journalists receiving accolades across various categories.