2019 Sanlam Awards for Excellence in Financial Journalism: 2 Nigerian Journalists emerge 1st and 2nd runner ups   Sanlam Group, owners of FBNInsurance Limited recently held its 2019 Sanlam Awards for Excellence in Financial Journalism at a socially distanced gala event in South Africa recently.   Two Nigerian Journalists from BusinessDay newspapers: Caleb Ojewale and Isaac Anyaogo emerged the 1st and 2nd runner ups respectively. Omar Mohammed of Reuters News, Kenya also emerged as 2ndrunner up with Isaac.   Amid stiff competition, Claire Bisseker was named the Sanlam Financial Journalist of the Year 2019 for her outstanding analysis of South Africa’s complex economy. Bisseker who also won the Economy category award, is a regular contender in the competition. She has won the financial journalist of the year award in 2013 and as a joint winner in 2014.   The Sanlam Financi...Read more

Val Ojumah Wins AfricaRe 2020 CEO of the Year Awards The MD/CEO, FBNInsurance Limited, Val Ojumah has emerged the CEO of the Year in the African Insurance Awards 2020 edition held virtually recently and organised by AfricanRe. Other nominees in the category won include the CEO of ARM Life, Mr. Stephen Adekunle Alangbo, the CEO of Societe Nationale D’assurance, SAA, Mr. Nacer Sais; CEO of MUA Limited, Mr. Bertrand Casteres and the CEO of GIG Insurance, Egypt, Mr. Alaa Mohamed Ali El-Zoheiry.   The award organizers AfricanRe commented that Mr. Val Ojumah won the CEO of the Year Award on the strength of his ability to turn around the fortunes of FBNInsurance and the company today is a top performer in terms of premium growth. Mr. Ojumah was also applauded for using his experience to gain market share and for overseeing a strategic acquisition – FBN General Insurance. Also,...Read more

At FBNInsurance, prompt settlement of customer’s claims is key to the success of their business; this has also continually boost customers’ confidence and trust in the company. The 2018 Most Profitable Life Insurance Company in Nigeria, FBNInsurance Limited, paid the sum of N9.92bn claims in 2019 as against N4.31bn in 2018. According to the Managing Director/Chief Executive Officer of FBNInsurance, Mr. Val Ojumah, “As a responsive and reliable insurer that keeps its promises, we promptly paid claims to our clients to the tune of N9.92bn which is a 130% increase from N4.31bn paid in 2018. Our strategy remains providing financial security for our esteemed customers and as always, we will not fail to exceed our customers’ and stakeholders’ expectations.” Commenting on the company’s commitment to customers’ satisfaction at the 5th Customer Forum organised by the insurer in Uyo, a customer who...Read more

Nigeria’s insurance market boasts huge potential, but it is difficult to unlock because of the lack of trust between customers and insurance providers. FBNInsurance believes technology is about to change this. With a young population and a rapidly growing middle class, Africa presents huge opportunities to insurers. But so far, this potential has been relatively untapped. In 2016, the whole continent of Africa represented only 1.5 percent of the global insurance market. The insurance penetration rate is particularly low in Nigeria. There are a number of reasons for this, but perhaps one of the most significant is a lack of trust in insurance providers. Many people in Nigeria still struggle to believe that their claims will be paid quickly, fairly and accurately. FBNInsurance believes the way to warm Nigerians to the concept of insurance is to build trust and enhance transparency through digital innovation. World Finance...Read more

FBNInsurance Limited has displayed resilience in its business strategy despite the negative impact of the coronavirus pandemic on the Nigerian economy. The company recently paid the sum of N4.4 billion in claims to its customers in the first half of the year 2020. This represents a 26.7% increase year-on-year when compared to N3.4 billion paid during the same period in 2019. While briefing news men at the company’s Lagos head office, the Managing Director/Chief Executive Officer of FBNInsurance, Mr. Val Ojumah disclosed that prompt settlement of customers claims is one of the underpinning business successes of the insurer as it strives to continually boost customers’ confidence and trust during the 10 years of the company’s existence. According to Mr. Ojumah, “As a responsive and reliable insurer, we have -during this turbulent time- kept our promise to our customers by paying claims promptly. Our focus remains to provide fi...Read more

   

People often wonder what the best time to buy a life insurance plan is and end up putting it off but life insurance is a necessity to anyone. Think of life insurance as a safety net. As you go about your daily activities in life, you do not hope to use the net, but it is great to know that the net is there. If something happens to you, won’t you want the availability of a financial cushion for everyone you care about? One of the major reasons people buy life insurance is to create financial security for the future of their family. A lot of people say they do not buy life insurance because they did not think they needed it. We are here to tell you that you definitely need a life insurance plan; whether it is to provide for your final expenses or to provide money for your family after you are gone, you definitely need life insurance. Let’s talk about the best time to get Life insurance. Age Faced with other necessities like feeding, debt, car p...Read more