Standard Insurance Consultants Limited (SICL) is to launch a digital administration process for faster claim resolution.
The online platforms will ensure seamless insurance purchases, Chairman/Managing Director, Prof. Ahmed Salaudeen, said.
The insurance and reinsurance brokerage firm, which marked its 45th anniversary in Lagos, restated its commitment to industrial development.
It donated N50 million to Nigerian Council of Registered Insurance Brokers (NCRIB) for its building project.
SICL serves clients in oil and gas, aviation, marine, construction, hospitality, manufacturing, agriculture, and banking.
Salaudeen 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.
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“Digitalisation is now a core focus as technology is fast changing our industry. We are committed to bringing insurance services closer…” he said.
As part of its anniversary, SICL announced plans for social corporate responsibility, including donation to the NCRIB building project, and endowment scheme for women in insurance in partnership with Chartered Insurance Institute of Nigeria (CIIN) and NCRIB.
The chairman urged 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.
Salaudeen reflected on the company’s growth from its humble beginnings in Ibadan, Oyo State, to its current headquarters in Lekki Phase 1, Lagos.
“We do not wait for the 30-day premium remittance window set by NAICOM. We remit premiums promptly upon receipt from clients,” he said.
Salaudeen 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.
He thanked past and present staff members, clients, and business partners for their support over the years.
He restated the company’s commitment to quality, values, and positive impacts in Nigeria and beyond.
The event was attended by industry players, insurance companies, the National Insurance Commission (NAICOM), clients, international partners, and other stakeholders.