Thursday, June 4, 2026

The Sun Nigeria

Insurance policy not licence for recklessness – Sovereign Trust warns

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Managing Director/Chief Executive Officer of Sovereign Trust Insurance Plc, Mr. Olaotan Soyinka

By Henry Uche

As Christians all over the world prepare for the year’s Yuletide celebrations, the Managing Director of Sovereign Trust Insurance Plc, Olaotan Soyinka has cautioned that possession of insurance policy is not a reason to live a careless or reckless lifestyle by the holders of such policies.

Addressing newsmen at a recent function in Lagos, Olaotan called on Nigerians to be cautious and safety-conscious during this period of the ‘ember’ months so as to safeguard lives and properties.

“While it is generally known that accidents are common during the ‘ember’ months as a result of increased activities during the period with people rushing to meet up with their goals as the year rounds up, it is advisable that even in the midst of such activities; we should still exercise caution so that we do not get involved in unnecessary mishaps that could have been averted.”

Emphasising on the occasion, the Managing Director of the underwriting firm cautioned that Insurance should rather be seen as a respite in case of the unforeseen and inevitable.

He acknowledged the fact that, cases of motor crashes, fire outbreaks and other perils are usually on the increase during the last months of the year, hence the need for caution to be exercised by all and sundry so as to prevent such misfortunes.

“While it is not in dispute that Insurance helps to mitigate against risks, it should not be taken as a license to throw caution to the wind and be careless” he advised.