Sovereign Trust Insurance Leads The Pack, Drives Operational EfficiencyKayode Adelowokan, LagosFollowing the release of the results of the 2012 Annual Report & Accounts of some of the Underwriting Firms in the country who have also held their Annual General Meetings, Sovereign Trust Insurance Plc have demonstrated that there are great prospects for the company in the years ahead. The company said of the twenty-one (21), companies who have made their results public, the company seemed to have put in place a very effective and efficient operational mechanism. According to the report, Sovereign Trust Insurance Plc with a Shareholders’ Fund of N3.1Billion was able to underwrite a Gross premium of N7.5Billion, representing a 17.09% growth increase over a sum of N6.4Billion recorded in the previous year. Another Underwriting Firm with a far-distant second position recorded 8.82% ROCE and 1.98x GROCE with over N10Billion Shareholders’ Fund. Onaolapo also attributed the performance of the company in 2012 to the deliberate knack for operational efficiency at all levels of the organization.