Company Information

Get to know STANDARD ALLIANCE INSURANCE PLC

Incorporated in 1981 as a private limited liability company and later converted to a Public Limited Company (PLC) in 1993, Standard Alliance Insurance Plc was a composite insurance provider in Nigeria. The company offered a comprehensive suite of products covering general insurance, life assurance, and risk management services. Its mission was to provide reliable and value-added insurance solutions. However, the company faced significant operational and financial challenges, leading to the revocation of its operating license by the National Insurance Commission (NAICOM) in 2022.

Industry

Financial InsurancePRIMARY
Financial Other Service
Financial Wealth Management

Contact

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STANDARD ALLIANCE INSURANCE PLC

Nigeria

Founded in

Jul 1981 (45 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Reviews

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.