Wednesday, January 7, 2026
25.6 C
Lagos

Sovereign Trust Insurance CEO, Olaotan Soyinka, Preaches Caution, Safety in the Ember Months

Mr. Olaotan Soyinka, Managing Director of Sovereign Trust Insurance Plc, has called on Nigerians to be cautious and safety-conscious during this period of the ‘ember’ months so as to safeguard lives and properties.

While addressing the media at a recent function held in Lagos, Olaotan stated that the possession of Insurance Policies should not be a reason for carelessness by holders of such policies.

In his words: “While it is generally known that accidents are common during the ‘ember’ months as a result of increased activities during the period with people rushing to meet up with their goals as the year rounds up. It is advisable that even in the midst of such activities; we should still exercise caution so that we do not get involved in unnecessary mishaps that could have been averted.”

While speaking further at the occasion, the Managing Director/CEO of the underwriting firm said, “while it is not in dispute that insurance helps to mitigate against risks, it should not be taken as a license to throw caution to the wind and be careless” He cautioned that rather, Insurance should be seen as a respite in case of the unforeseen and inevitable.

It is widely known that cases of motor crashes, fire outbreaks and other perils are usually on the increase during the last months of the year, hence the need for caution to be exercised by all and sundry so as to prevent such misfortunes.

Sovereign Trust Insurance Plc, a company listed on the Nigerian Stock Exchange commenced business on Jan 2, 1995 and has a network of offices spread across major commercial cities in the country.

The company’s expertise is tailored towards non-life insurance products that include Motor Insurance, Fire and Property Insurance, Consequential Loss, All Risks, Houseowners/Householders’ Insurance, Burglary/Housebreaking, Professional Indemnity, Marine and Aviation Insurance, Personal Accident, Fidelity Guarantee, Cash-In-Transit, Products Liability, Machinery Breakdown, Contractor’s All Risk, Hulls and Passengers, Oil and Gas and a host of other policies under the stable of the organisation.

The underwriting firm drives its operations with top-notch technology with great emphasis on human capital development and career advancement for members of its staff.

 

 

spot_img
spot_img
spot_img

Hot this week

Sovereign Trust Insurance Unveils Lucas Durojaiye as New MD/CEO

The Board and Management of Sovereign Trust Insurance Plc...

Leadway Assurance Commences Comprehensive Verification Exercise for African Alliance Annuitants

Leadway Assurance Company Limited has officially commenced a comprehensive...

Rand Merchant Bank Nigeria Successfully Meets CBN Recapitalisation Requirement

In line with the Central Bank of Nigeria’s Banking...

Stanbic IBTC Bank Nigeria PMI: Business Activities Expanded Further at End of 2025

The Nigerian private sector remained in growth territory at...

CBN: Nigeria’s Economic Activity Strengthened in Dec with 57.6 Points in PMI

The Central Bank of Nigeria (CBN) has reported a...

Topics

Governor Ododo Condoles Former Governor Idris over Son’s Demise

Late Muhammed Idris Kogi State Governor, Alhaji Ahmed Usman...

Africa50 Appoints Alain Ebobissé as CEO

The Board of Directors of Africa50 has announced the...

NCDMB Urges Indigenous Oil Operators to Comply with Nigerian Content Act

The Executive Secretary, Nigerian Content Development and Monitoring Board...

U.S. Condemns China’s Cyber Rules for Insurers

Controversial cyber security regulations for China’s insurance industry, now...

Verve Rewards 600 Customers in Good Life Promo

Africa’s leading payment technology and card brand, Verve International,...

NCC Approves Harmonised Short Codes, Directs Implementation

  In line with its consumer-centric approach to telecoms regulation,...

Coscharis, Ford Unveil Sponsorship for Season 5 of The Next Titan

(L-R) Mr. Abiona Babarinde, General Manager Marketing and Communications...

NSE Launches Multi-Asset Brand Campaign to Boost Market

As part of efforts to boost investor education and...
spot_img

Related Articles

Popular Categories

spot_imgspot_img