Standard Insurance Consultants Limited (SICL), an insurance reinsurance brokerage firm in Nigeria has expressed commitment to support industrial development growth.
It has donated N50 million towards the Nigerian Council of Registered Insurance Brokers Lagos (NCRIB) building project.
The chairman and Managing Director of SICL, Professor Ahmed Salaudeen announced the donation during the firm’s 45th anniversary celebration in Lagos.
The event was attended by industry players, insurance companies, the National Insurance Commission (NAICOM), valued clients, international partners, and other stakeholders.
Professor Ahmed Salaudeen reflected on the company’s growth from its humble beginnings in Ibadan, Oyo State, to its current headquarters in Lekki Phase 1, Lagos.
According to him, SICL serves clients in sectors, like oil and gas, aviation, marine, construction, hospitality, manufacturing, agriculture, and banking.
The Chairman highlighted the company’s continued success based on trust, credibility, and professionalism.
“We do not wait for the 30-day premium remittance window set by NAICOM. We remit premiums promptly upon receipt from clients,” he stated.
He added that SICL is currently among the top three insurance brokers in Nigeria known for prompt premium remittance, and has 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.
He said SICL plans to expand its digital operations, launch innovative insurance products, and make insurance accessible online for Nigerians.
“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 added.
As part of its anniversary initiatives, SICL announced 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 the Nigerian Council of Registered Insurance Brokers (NCRIB).
The chairman encouraged women to pursue insurance careers and assured support for them.
According to him, 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.
