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STI Boss Preaches Caution And Safety-Consciousness ln The Ember Months

by Bisi Bamishe
November 7, 2025
in Insurance
2022 GPW : STI Records 20% Increase.

Mr Olaotan Soyinka Managing Director, Sovereign Trust Insurance Plc

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By Bisi Bamishe

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

 

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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.”

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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 organization.

 

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.

 

 

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Bisi Bamishe

Bisi Bamishe

I am a journalist with many years of experience in the field of Insurance and Pension. In 2003, I won Nigeria Media Merit Award of the IGI's Prize For Insurance Reporter of The Year

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