Foremost underwriter, FBNInsurance Limited has said it will play in tier one category when the recently released Tier-Based Minimum Solvency Capital regime by the National Insurance Commission (NAICOM) begins by January 1, 2019. Its Managing Director, Val Ojumah, disclosed this today at a press conference in Lagos, adding that the the duo of FBNInsurance Limited and FBN General Insurance Limited have the financial wherewithal to operate in the category. He noted that the initiative taken by the industry regulator remains one of the best things to have happened to the insurance industry in recent times, stressing that the initiative will help address the ills in the industry. According to him, the initiative will help build capacity for underwriters, meet claims responsibilities and act professionally. He added that the step will also help push up prices of insurance stocks at the Nigerian Stock Exchange(NSE). He said the firm has been underwr...Read more

FBNInsurance, has restated her commitment to outstanding Customer Service through the firm’s sponsorship of the 2018 Customer Amazement Revolution Masterclass with renowned Customer Service expert, Shep Hykens and accomplished economist, Prof Benjamin Akande. Speaking at the conference, Lead Facilitator, Shep Hyken, emphasised the need for every business to realise that today’s customer no longer compare apples to apples, but they compare the quality of service received from the business to the best they have enjoyed elsewhere even if the industries were different. He went ahead to propose the Out-Convenience model for winning back the customer’s trust at all times. In his presentation, Prof Akande charged business leaders to commit to building a vibrant generation of youth leaders who will affect the Nigerian economic space going forward. Val Ojumah, MD/CEO, FBNInsurance, who was also a discussant at the conference, commended the...Read more

The Sanlam Group celebrates its 100th birthday, and we at FBNInsurance are proud of our association with this financial services giant, which first opened its doors in Cape Town, South Africa. Founded in 1918, Sanlam has a rich history, the Group has evolved over the years from a traditional life insurance company to a broad-based diversified financial services provider that specialises in insurance (life and general), financial planning, retirement, investments and wealth. In 1998 Sanlam demutualised, listing on the JSE Ltd and the Namibian Stock Exchange. The Group was restructured into several independent businesses within a federal business structure. Today, Sanlam is a diversified financial services provider with an extensive product offering catering for all market segments. It also remains a pioneer of technological development and innovation. The Group has consistently grown its local as well as an international footprint &nda...Read more

In celebration of the International Literacy Day and in line with the FBNHoldings Group Corporate Responsibility and Sustainability initiatives, FBNInsurance has supported back-to-school kits to needy children in Lagos. At an event organised by a non-governmental organisation, Jakin NGO, 500 school children from various homes and hospices got free school bags, uniforms, notebooks, sandals and socks, among others. Jakin NGO covnvener, Bukola Adebiyi, expressed gratitude to the management of FBNInsurance for their support for the programme. She said the insurer had been sponsoring Jakin NGO’s Dress-A-Child-for-School programme for some years. FBNInsurance Managing Dirctor, Val Ojumah praised  Jakin NGO for its commitment to the less privileged. He said  at FBNInsurance, they take education seriously. He said: “This is why our best selling product, FlexiEdu, is designed to help parents and guardians ensure their c...Read more

As part of her corporate drive to motivate outstanding staff and increase performance in terms of policy uptake, sales persistency and new business, FBNInsurance recently rewarded winners in her annual MD/CEO Ember Championship. In a press statement released by Elizabeth Agugoh, Head, Marketing and Corporate Communications, the MD/CEO Ember Championships was designed to push new premiums and increase persistency between September and December every year. “We know how hard it is to get people to buy insurance, especially as the year ends. So to encourage sales and get new businesses, this competition was set up to reward the Sales Area that meets certain sales criteria during this period,” she said. At the award presentation which held recently, the Benin Sales Area won the best performing Area for the period under review. The winning Area was given a cash reward for its effort. Enugu and Aba Areas came second and third respectively. Val Ojumah, ...Read more

…as Company Board supports pregnant women with an ultrasound scan machine. In line with her Corporate Responsibility and Sustainability initiatives, leading life insurer, FBNInsurance, recently donated a dialysis machine to the Gbagada General Hospital, Renal Dialysis centre. The donation was the second of its kind to the hospital from the company. At the official commissioning held in the premises of the Lagos hospital, the Chairperson, FBNInsurance, Mrs Adenrele Kehinde, feted the validity of the human life, reiterating that every human deserves to lead a good life. “We believe every human life is important and that every man deserves a better shot at life, no matter their health challenges. We hope, therefore, that this new machine will complement the initial one donated and that more people will have another shot at life, thanks to FBNInsurance,” she said. Also, at a separate presentation, the Chairperson announced the donation of an ...Read more

Fast-growing life insurer, FBNInsurance limited, has confirmed its continuous growth amongst the comity of insurers by bagging the prestigious ‘A+’ credit rating from the foremost research and credit ratings company, Agusto & Co. In the final rating report, the credit ratings company acknowledged FBNInsurance as a “financial institution with satisfactory financial condition and adequate capacity to meet its obligations as and when they fall due.” The report states further that: “the rating reflects its (FBNInsurance’s) strong capitalization, good profitability, moderate exposure to underwriting risk, good cash flow and liquidity as well as an experienced management team.” Industry watchers believe that while the company’s affiliation to FBNHoldings has helped her business development and risk management initiatives, her association with the Sanlam Group (SA) on the other hand has clearly aided the...Read more

In line with her corporate strategy and as a show of her continued commitment to growing the insurance retail market, the management of FBNInsurance recently rewarded her top retail agents at her annual Retail Awards held in Aba, Abia State. At the event, Ndubueze Onyekachi of the Aba Sales Region, won a brand new car as the overall winner in the financial advisor category; Ikenhi Wisdom got an all-expense paid trip to Dubai as first runner-up while Iyogwoya Roseline, last year’s winner, won a 55” OLED TV as the second runner-up. Speaking at the event, Odinakachi Umekwe, Head, Retail Distribution, FBNInsurance, acknowledged the support of the Board and Management of the company while encouraging the winners not to relent in their sales drive. “Winning is not the end of it, there is always more work to be done. Congratulations for winning this time, but remember, many others want to win too; so, work harder,” he said. Head...Read more