STI to shore-up operations with cutting-edge technology

Chuks Udo Okonta Sovereign Trust Insurance (STI) Plc has said it is set to drive the implementation of its new business model by employing cutting-edge technology to shore up operational efficiency. Its Head of Information Technology and Strategy Lekan Oguntunde, asserted that “Any forward-looking organisation must have real time, cutting-edge technology at the fulcrum of its business operations and that, is what Sovereign Trust Insurance Plc has adopted in pushing the frontiers of its operations beyond the shores of the country.” He noted that the company has identified that 21st century technology is the hallmark and arrow-head of any successful business which was what informed the company’s adoption of second-to-none business application software in the insurance industry known as Eskadenia in 2009 with several upgrades over the years to ensure seamless world class service delivery to its teeming customers. Oguntunde noted that the Eskadenia Software was developed using an Object-Oriented programming language which was designed to automate the general insurance policy life cycles of the company’s customers, reduce operational gridlock, enhance job quality, maintain up to-date historical data on all businesses generated while ensuring high level of customer confidentiality and security. He said to meet all the functional specifications and technical capabilities as required by its teeming customers, all necessary enhancements have been made on the Eskadenia Software to accommodate the recent changes and ensure the successful execution of the new business model. “Tapping into up to-date technology can yield plethora of opportunities which will yield dividends as well as create cost effective measures in which the company plans to utilize optimally to the benefit of stakeholders and the organisation as a whole,” he said. The company’s spokesperson, Segun Bankole, said in furtherance of the implementation of the adopted business model, technology, especially the social networks would be employed in reaching out to the insuring public while at the same time use the medium to sensitize Nigerians both home and abroad on the benefits of taking up an insurance policy in whatever capacity. The Managing Director, Wale Onaolapo, said the newly adopted business model will latch on greatly on the benefits of the 21st century technology in enhancing the performance and the profitability of the organisation in creating wealth for the various shareholders.