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STI reviews performance, exceeds N10 billion income target for 2018


Managing Director/Chief Executive officer, Sovereign Trust Insurance Plc, Olaotan Soyinka

The quest for greater performance and sustainable profitability come 2019 formed the basis of the just concluded Management Retreat/Budget Session of one of the insurance companies in the country- Sovereign Trust Insurance Plc.

The retreat, held in Lagos, brought together all top Management staff and Heads of revenue generating units of the company across the country for a two-day intensive discourse on the way forward for the organisation in the coming year.

The performance and challenges faced by the organisation in 2018, also formed part of the highlights of the session, which was also used to celebrate the company’s feat in meeting and surpassing the 2018 target of N10.1 billion in the history of the underwriting company.

A feat considered by many as very unprecedented in a year that was characterized by so many operational uncertainties. The Managing Director/Chief Executive Officer, Olaotan Soyinka, urged his colleagues in the management level to bring to bear an unrelenting commitment and dedication like never, in ensuring that the target set for 2019 is met and surpassed exceedingly.

His plea centered on accomplishment as the watchword for the organization’s operations in the coming year. He enjoined them not to relent in their quest of wanting to make the STI brand one of the most preferred and patronized brands in the insurance industry in Nigeria.He further said that the company’s Management is committed to providing an enabling environment conditioned to bringing out the best in each member of staff.

“We are undoubtedly resolute in our quest to attracting the best hands in the industry through competitive remuneration/welfare packages. I require your full support and co-operation in bringing this dream to a reality as we forge ahead in the coming year and the years to come,” he said.

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