SOVEREIGN Trust Insurance Plc has in a bid to further penetrate the insurance market and extend its services to other areas of the country opened two more branches for operations in Ilorin, the capital of Kwara State and Osogbo in the South-West region of Nigeria.

The move, according to the management of the company is expected to take the product offerings and services of the organisation closer and accessible to the insuring public in these climes of the country. The underwriting firm has promised prospective customers continuous qualitative service delivery that the company is known for.

In a statement made available by the head of Corporate Communications and Brand Management of the company, the decision to extend its services to the new locations was borne out of the company’s objective of constantly exploiting the underdeveloped areas of the market by developing and creating innovative financial and insurance services to meet customer needs at all levels.

Sovereign Trust Insurance Plc continues to take pioneering initiatives that are geared at enhancing the growth of the insurance industry in the country. He further mentioned that the insurance company would not relent on its oars, as it will continue to soar to greater heights to become one of the major players in the industry.

He also said that the company has accepted the responsibility of sensitising and educating the insuring public on the importance of insurance to their daily lives and also ensuring that the average Nigerian gets qualitative and affordable insurance products and services wherever they are located.

Also commenting in the same vein, the Managing Director of the company, Mr. Wale Onaolapo said that the management bears in mind at all times the constant optimisation of the operations and profitability of the underwriting firm by ensuring that very competitive insurance products and services are made available to every Nigerian in different locations across the country.

He further mentioned that the gospel of insurance is a continuous project that must be preached till every Nigerian will voluntarily walk in to pick up an insurance cover of any sort from time to time. This, we at Sovereign Trust Insurance Plc believe will come to pass in not-too-far a future which explains why we will continue to increase our branch network.

It will be recalled that the company posted an impressive financial result for the year ended December 31, 2011, which subsequently led to a declaration of four kobo dividend per share at its recently-held 17th yearly general meeting in Lagos.