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Nigeria
Jul 1981 (44 Years)
Last online: No recent activity
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This company is currently Unproved.
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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.
Get to know STANDARD ALLIANCE INSURANCE PLC
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.
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