*Holds strategy, budget session for 2019
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Chuks Udo Okonta
The quest for greater performance and sustainable profitability come 2019 formed the basis of the just concluded Management Retreat/Budget Session of one of the very proactive insurance companies in the country, Sovereign Trust Insurance Plc.
The retreat session which was held in Lagos brought together all top Management staff and Heads of revenue generating units of the company across the country for a two-day intensive discourse on the way forward for the organization in the coming year.
The performance and challenges faced by the organization in 2018 formed part of the highlights of the Session which was also used in celebrating the company’s feat of meeting and surpassing the 2018 target of N10.1b in the history of the Underwriting Firm. A feat considered by many as very unprecedented in a year that was characterized by so many operational uncertainties.
The Managing Director/Chief Executive Officer, Olaotan Soyinka urged his colleagues in Management to bring to bear an unrelenting commitment and dedication like never in ensuring that the target set for 2019 is met and surpassed exceedingly.
His plea centered on accomplishment as the watchword for the organization’s operations in the coming year. He enjoined them not to relent in their quest of wanting to make the STI brand one of the most preferred and patronized brands in the insurance industry in Nigeria.
He further said that the company’s Management is committed to providing an enabling environment conditioned to bringing out the best in each member of staff. In his words, “we are undoubtedly resolute in our quest to attracting the best hands in the industry through competitive remuneration/welfare packages. I require your full support and co-operation in bringing this dream to a reality as we forge ahead in the coming year and the years to come”.
The theme of the 2019 Budget Session/Management Retreat was tagged Budget of Sustainability which espoused on the need to consolidate on the gains of the outgoing year while also re-strategizing on how to make the business more profitable and providing customer-focused solutions to the insuring public.
The charge at the end of the two-day session was that there must be an unwavering mindset of innovation, professionalism, integrity and institutionalizing of the company’s core values in ensuring that the ultimate objective of the organization is achieved for the betterment of every stakeholder.