An insurance firm, Standard Insurance Consultants Limited (SICL), has pledged support for industrial development, and also given out N50 million in support of the Nigerian Council of Registered Insurance Brokers (NCRIB) Lagos building project.
Ahmed Salaudeen, a Professor and chairman of the leading insurance and reinsurance brokerage firm, made the pledge and announced the donation at an event marking the firm’s 45 years of opening for business in Lagos recently.
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Salaudeen reflected on the company’s growth from a humble beginning in Ibadan, Oyo State capital, to its current headquarters in Lekki Phase 1, Lagos. “SICL serves clients in sectors like oil and gas, aviation, marine, construction, hospitality, manufacturing, agriculture, and banking,” he said.
“The company has international partnerships and a global presence,” he added, attributing their continued success to trust, credibility, and professionalism. “We do not wait for the 30-day premium remittance window set by National Insurance Commission (NAICOM). We remit premiums promptly upon receipt from clients,” he disclosed.
SICL is currently among the top three insurance brokers in Nigeria known for prompt premium remittance, according to the chairman, who added that they have maintained a solid reputation for integrity and ethical business practices over the last four and a half decades.
The management thanked past and present staff, clients, and business partners for their support over the years. The company has plans to expand its digital operations, launch innovative insurance products, and make insurance accessible online for Nigerians.
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“Our ongoing projects include a digital claim administration process for faster claims resolution and online platforms for seamless insurance purchases. Digitalisation is now a core focus as technology is fast changing our industry. We are committed to bringing insurance services closer to the people,” the MD said.
As part of its anniversary initiatives, SICL also announced plans for social corporate responsibility, including the donation to the NCRIB building project, and the endowment scheme for women in insurance in partnership with the Chartered Insurance Institute of Nigeria (CIIN) and NCRIB.
The chairman encouraged women to pursue insurance careers and assured support for them, disclosing that SICL is working on incentives to support and encourage women in the profession.
“I want more women to read insurance and be part of decision-making. We are putting plans in place to support them,” he said, stressing the company’s commitment to quality, values, positive impacts in Nigeria and beyond.
