Sovereign Trust Insurance Plc has won the ‘Most Outstanding Auto Insurance Company of the Year’ Award in 2024.

The recognition came at the 2024 Business Excellence Awards organised by Beta Media.

The criteria for the award as given by the Technical/Award committee included efficiency in service delivery, creativity in product development, branch network, the use of technology, media presence of the brand, adherence to ethics and corporate governance, and the quality of human resources available to the organisation within the period of the nomination and the screening process.

Receiving the award on behalf of the organisation, the Head of Corporate Communications and Investor Relations, Segun Bankole, thanked the organisers of the event for the honour and promised that the company will not rest on its oars in ensuring that the insurance industry finds a credible voice in the financial services sector in the country and beyond.

“We will continue to provide top-of-the-range insurance products and services that will delight our customers anytime they come in contact with our brand. We are open to new ideas from members of the public in as much as those ideas will add value to what we do as an organisation,” he said.

He also used the occasion to provide awareness on insurance, saying, “Insurance is a sure guarantee for the continued existence of any commercial enterprise and a sure mainstay for the continuous well-being of any individual or family.”

Meanwhile, the Chief Executive Officer of Beta Media, Clarisse Ndinge, called on insurance companies to improve in terms of product development that will impact positively on the lives of the average Nigerian, as insurance in the country is still viewed by many as a service for only the rich.

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