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.

 

 

Hot this week

Nigeria’s Nuclear Ambitions Boosted as Akkuyu NPP Unit 1 Construction is Completed

Nigeria is steadily advancing toward the development of its...

NHIA, ‎PTAD, Universal Insurance Sponsor NAIPE 2026 AGM

‎The National Health Insurance Authority (NHIA),‎ Pension Transitional Arrangement...

Stanbic IBTC Bank Nigeria PMI: New Orders Continue to Rise Sharply in June

Improving demand conditions helped to support further increases in...

Leadway Health: HMO of the Year Award for 4th Consecutive Time at 2026 Nigerian Healthcare Excellence Awards

Leadway Health, one of Nigeria’s premier health insurers and...

CBN Revokes Licences of 46 Microfinance Banks Nationwide

  The Central Bank of Nigeria (CBN) has revoked the...

Topics

Leadway Pensure PFA Celebrates 20 Years of Trust, Service, Innovation

Leadway Pensure PFA, a Pension Fund Administrator in Nigeria,...

Big Brother Naija All-Stars Gained 23.2m Global Reach

Media Intelligence Consultancy, P+ Measurement Services recently undertook a comprehensive evaluation...

ASKY Named Regional Airline of the Year 2016

ASKY, the Pan-African Airline with the largest network in...

NGX Welcomes Haldane McCall to the Exchange

It is my great pleasure to welcome the Board...

Organic Solutions Trains 4,000 Skin-Care Givers on Formulation, Business Growth

R-L: Mr. Agudiegwu (seated), Chairman and Mrs. Gloria Agudiegwu...

NCC Promises Seamless Quality of Service Despite Challenges in Abuja

The Nigerian Communications Commission (NCC) acknowledges the Quality of...

Unity Bank Disburses Over N500m Through SHOCOF to Support Traders

As part of efforts to promote SMEs and strengthen...