Insurers raise investors’ hope with 30% yearly growth

Determined to increase the shareholders’ confidence in the nation’s insurance industry, underwriting companies have been assuring investors of better returns on their investments this year.

In an interview with the Managing Director/Chief Executive Officer of Sovereign Trust Insurance Plc, Olaotan Soyinka, he said that maintaining a growing market share at an average yearly growth rate of 30 per cent in 25 years of operation in the industry is no small feat.

“From inception, the company moved from an average industry rating to a leading position, investing in the best of people and technology, improving on processes, growing market share at an average annual growth rate of 30 per cent, while consistently expanding the balance sheet size of the company,” he said.

Commending efforts of all the company’s customers and associates alike for their patronage, support and the belief in the story called Sovereign Trust Insurance Plc, he added: “As a transiting world-class organization conscious of our brand equity, the company has a well-entrenched culture of upholding sound moral and professional ethics beyond profit.