Insights

Expanding Market Share With a solid presence across Nigeria through a network of branches and a strong authorized share capital of N3.5 billion, Sovereign Trust Insurance is positioned for growth in the non-life insurance sector, offering opportunities to provide specialized insurance products and value-added services.

Enhancing Digital Capabilities The company's use of modern technology stacks like PHP, Laravel, and data management tools indicates an openness to digital transformation, opening avenues to offer digital insurance solutions, online customer engagement tools, and insurtech integrations.

Financial Stability With a fully paid-up capital exceeding N2.5 billion and Shareholders' funds over N4 billion, Sovereign Trust Insurance demonstrates financial robustness, creating opportunities for partnership in high-value insurance products and customized risk management services.

Recognition and Leadership Recent awards and leadership appointments, including the Enactus Catalyst Award and strategic board changes, suggest a company actively strengthening its brand and leadership, making it receptive to innovative partnership opportunities and strategic alliances.

Market Position Having won awards like the Most Outstanding Auto Insurance Company of the Year and maintaining a reputation for professionalism and product diversity, Sovereign Trust is an attractive target for vendors offering specialist auto, commercial, or retail insurance solutions to expand their client base.

Similar companies to sovereign-trust-insurance-plc

sovereign-trust-insurance-plc Tech Stack

sovereign-trust-insurance-plc uses 8 technology products and services including cdnjs, Font Awesome, Modernizr, and more. Explore sovereign-trust-insurance-plc's tech stack below.

  • cdnjs
    Content Delivery Network
  • Font Awesome
    Font Scripts
  • Modernizr
    Javascript Libraries
  • jQuery
    Javascript Libraries
  • Slider Revolution
    Miscellaneous
  • Ubuntu
    Operating Systems
  • Laravel
    Web Frameworks
  • Apache
    Web Servers

Media & News

sovereign-trust-insurance-plc's Email Address Formats

sovereign-trust-insurance-plc uses at least 1 format(s):
sovereign-trust-insurance-plc Email FormatsExamplePercentage
First.Last@stiplc.comJohn.Doe@stiplc.com
50%
First.Last@stiplc.comJohn.Doe@stiplc.com
50%

Frequently Asked Questions

Where is sovereign-trust-insurance-plc's headquarters located?

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sovereign-trust-insurance-plc's main headquarters is located at Victoria Island, Lagos, Lagos, NG. The company has employees across 3 continents, including AfricaEuropeNorth America.

What is sovereign-trust-insurance-plc's phone number?

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You can contact sovereign-trust-insurance-plc's main corporate office by phone at . For more prospecting data, LeadIQ has access to up-to-date and accurate contact information within our platform. Find, capture, and sync contact data to your CRM and sales tools in one click.

What is sovereign-trust-insurance-plc's official website and social media links?

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sovereign-trust-insurance-plc's official website is stiplc.com and has social profiles on LinkedIn.

What is sovereign-trust-insurance-plc's NAICS code?

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sovereign-trust-insurance-plc's NAICS code is 524 - Insurance Carriers and Related Activities.

How many employees does sovereign-trust-insurance-plc have currently?

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As of October 2025, sovereign-trust-insurance-plc has approximately 201 employees across 3 continents, including AfricaEuropeNorth America. Key team members include Head Network And System Administration: A. A.Head Strategy & Corporate Planning: S. M.Head Of Human Resources: A. O.. Explore sovereign-trust-insurance-plc's employee directory with LeadIQ.

What industry does sovereign-trust-insurance-plc belong to?

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sovereign-trust-insurance-plc operates in the Insurance industry.

What technology does sovereign-trust-insurance-plc use?

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sovereign-trust-insurance-plc's tech stack includes cdnjsFont AwesomeModernizrjQuerySlider RevolutionUbuntuLaravelApache.

What is sovereign-trust-insurance-plc's email format?

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sovereign-trust-insurance-plc's email format typically follows the pattern of First.Last@stiplc.com. Find more sovereign-trust-insurance-plc email formats with LeadIQ.

When was sovereign-trust-insurance-plc founded?

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sovereign-trust-insurance-plc was founded in 1995.
sovereign-trust-insurance-plc

sovereign-trust-insurance-plc

InsuranceNigeria201-500 Employees

Sovereign Trust Insurance Plc commenced business in January 1995 with an authorized share capital of N30 million and a fully paid-up capital of N20 million following the acquisition and recapitalization of the then Grand Union Assurances Limited.

Presently, our authorized share capital is N3.5Billion divided into 7 billion units of 50 kobo per share. We have a fully paid-up capital of over N2.5 Billion and Shareholders' funds of over N4 Billion. The ownership of the company is made up of diverse shareholders from different walks of life. 

We operate currently through a network of branches Nationwide with our Head Office on Victoria Island, Lagos. The company is licensed as an insurer by the Federal Government with authority to underwrite all classes of Non-Life business.

Section iconCompany Overview

Headquarters
Victoria Island, Lagos, Lagos, NG
Phone number
Website
stiplc.com
NAICS Code
524 - Insurance Carriers and Related Activities
Founded
1995
Employees
201-500

Section iconFunding & Financials

  • $25M$50M

    sovereign-trust-insurance-plc's revenue is estimated to be in the range of $25M$50M

Section iconFunding & Financials

  • $25M$50M

    sovereign-trust-insurance-plc's revenue is estimated to be in the range of $25M$50M

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