Standard Alliance Insurance Plc (SA Insurance Plc) is a high profile, technology-driven and customer-oriented company ranking among the best and most respected insurance companies in Nigeria, both in terms of product and service delivery. SA Insurance Plc, a frontline underwriting company licensed by the National Insurance Commission, NAICOM, to transact general and special risk insurance businesses.
The company was incorporated in July 1981 as Private Limited Liability Company and commenced full operations in 1982 under the name Jubilee Insurance Company Limited. The name was changed to Standard Alliance Insurance Company Limited (Standard Alliance) in August 1996. Standard Alliance became a Public Liability Company (Plc) on 30th May 2002 and was quoted on the Nigerian Stock Exchange in December 2003.
The Company has an authorized capital of N8bn divided into 16b ordinary shares at 50kobo each. As at December 31st2014, Total Paid-up share capital stood N5.996bn; Total Assets of N7.721bn and Shareholders’ funds of N3.417bn. The company’s Premium written as at the end of 2014 is N4.333bn.
The company’s operations are fully automated with seamless integration between units embedded in world standard applications, which reflects a commitment to use technology to drive excellence in service delivery. Furthermore the company operates under the revolutionary concept of total quality management (TQM). This guarantees that we get it right first time every time.
Our Board and Management
Our dynamic Board of Directors is headed by Brig. Gen. Dominic Oneya (rtd), a former Military Governor of Kano and Benue States respectively and a foremost sport administrator. In addition, the company boasts of a management team of tested professionals with proven records in their respective fields and it is led by Mr. Bode Akinboye, a long-standing and an accomplished insurance practitioner.