Sovereign Trust partners Yudala to boost retails

Sovereign Trust Insurance plc, one of Nigeria’s upwardly mobile insurance companies has signed partnership deal with Yudala, the largest online and offline retail chain in Africa as the official Insurer to the organization in Nigeria. The partnership, just like many others that have been emerging in the Insurance landscape in recent times is seen by many as a welcome development that will help engender the growth of retail business in the insurance industry.

As the official Insurer to Yudala in Nigeria for all online transactions and offline purchases in the different outlets spread across the country, Sovereign Trust Insurance plc is expected to provide All Risks Insurance Cover to indemnify customers of Yudala in respect of any product purchased from either the online or offline retail platforms. The scope of cover is expected to include damage to and/or Electronic Breakdown of any item so purchased. It is an open-cover policy which means customers of Yudala can have their purchased items insured for one year on an on-going basis.

At the signing ceremony of the Memorandum of Understanding both parties acknowledged that the partnership would help engender a great deal of trust and confidence on the part of customers as they will be guaranteed of getting genuine products from the retail chain as well as adequate cover for their assets from a reputable insurance company in the country.

The Chairman of Zinox Technologies and the Brain behind Yudala, Leo Stan Ekeh has assured prospective shoppers of Yudala that they will be getting real value for their money for whatever product is purchased from any of the Yudala platform. In his words, “I will love to see a lot of this business partnership as that of Sovereign Trust Insurance plc and Yudala emanate from our shores from time to time as it would help keep alive the entrepreneurship flame in driving the Nigerian economy and beyond”. “It is indeed a union that I am so much pleased, is seeing the light of day”, he concludes.

The Managing Director/CEO of Sovereign Trust Insurance plc, Wale Onaolapo, in his remarks pointed out that his organization is particularly delighted to be associated with the Yudala Brand and is also very optimistic that the relationship will be an enduring and rewarding venture for both parties. He said Sovereign Trust Insurance plc is poised to providing top-notch underwriting services driven by technology to Nigerians both home and abroad.

“This is a union of two great Brands with shared value of an indigenous enterprise operating globally both in outlook and reach”. This is a relationship that has come to stay.