For the above classes of business, the Insurance Act 2000 requires us to maintain a paid up capital of Le100,000,000 but in our desire to be in a position to meet the needs of our clients, we started with a paid up capital of Le552,000,000. In 2005 our paid up capital was further increased to Le727,000,000.

However, in order to strengthen our capital base so as to be in a position to meet the obligations of our numerous clients and prospective clients in terms of payment of claims and assumptions and retentions of their risks in addition to our adequate reinsurance arrangements, we have in 2007 increased our paid up capital to Le1,500,000,000 and authorised capital to Le2,000,000,000. By this increase our company is about the highest capitalised insurance company in Sierra Leone.

At International Insurance Co. (SL) Ltd, the world of Informational Technology is firmly rooted as the company’s operations are fully automated and equipped with modern Insurance software- Perfect policy 5.0 and perfect Accounting 3.0. This rates the company as one of the few insurance companies with international standards and best practices in providing efficient customer service delivery. Insurance documentations, clients' accounts/statements and claims settlements are promptly executed with our state-of- the-art IT solutions.

The uniqueness of these IT solutions is that they are developed to run in an on-line mode. Functional operation of the system is completely protected with hierarchical password construction, both at single and multi-user modes. The approach to the design is based on open-ended system design with full facilities for future growth.

The company is also a key player in the global information super highway with our well updated web site through which our current and prospective clients world-wide access information about the Company.

The growth rate of International Insurance Co. (SL) Ltd is a conscious corporate strategy designed to sustain the amount of professionalism and excellent services the company has been known for over these past four years. It is the intention of the company to continue to improve on our strengths and work assiduously to eliminate and over come our weaknesses so as to achieve our corporate objectives.

We are determined to move the insurance practice and our services to a higher level and aim at the top of competition. Even though our past and present have been great, the future even looks greater for us and our current and prospective customers.