Fast growing Life Insurer, FBNInsurance, has been named the Insurance Company of the Year at the recently concluded 45th AfricaRe/African Insurance Organisation (AIO) conference in Accra, Ghana. Established in 1972, AIO seeks to promote inter-African co-operation in insurance and to develop a healthy insurance and reinsurance industry in Africa. Their annual awards recognize outstanding firms and individuals who have made remarkable contribution to the African insurance industry. While acknowledging the company’s rapid growth, the organisers referenced the average growth of 57.36% in premium income over the last three years, 58.6% of net profit and 43% of shareholders’ funds. Figures from the company’s recently released audited statement revealed the company recorded a 98% growth on her year-on-year premium and a 37% increase in her profit before tax over the full financial year. Commenting on the latest award, Managing Director/Chief Executi...Read more

In line with their Corporate Responsibility and Sustainability initiatives, sister insurers, FBNInsurance and FBN General Insurance, recently donated various items to two care homes, the Down Syndrome Foundation and Heritage Homes. The companies donated various food items, toys and beverages to Heritage Homes; while they made a cash donation to the management of Down Syndrome Foundation. Most of the items donated were largely raised through the companies’ annual Staff Gift drive, an in-house scheme that encourages members of staff of both companies to donate various items to a common cause. At the presentation ceremonies, the Chief Human Resources Officer, FBNInsurance, Mr. Emeka Dibia, conveyed the insurers’ goodwill to both organizations while appreciating their efforts towards making the society better. He charged them not to relent on the good they are doing and also restated the commitment of the FBNInsurance Group to the cause of both the orp...Read more

In a bid to continually touch lives in the society, FBNInsurance Limited and FBN General Insurance Limited, have reached out to the Down Syndrome Foundation, as part of their end of the year appreciation activities. While receiving the combined team of both companies at the administrative office and resource centre of the Foundation in Lagos, the Foundation’s Administrative Manager, Muyiwa Majekodunmi, thanked the companies for the kind gesture and used the opportunity to enlighten the team about Down syndrome. According to him, Down Syndrome is just a freak of nature, it’s a chromosomal defect. Each cell contains 21 chromosomes but for Down Syndrome patients, somewhere along the line during conception, an additional chromosome pops up thus causing the condition. “These are wonderful kids and the reason why we exist is to act as an advocacy group for them and ensure that they become useful to themselves and the society. We are like that br...Read more

FBNInsurance Limited, has provided a Group Family Shield cover valued at N14.5m for the members of the National Association of Insurance and Pension Correspondents (NAIPCO).Speaking during official presentation of the policy certificate to the leadership of NAIPCO in Lagos, the Managing Director of FBNInsurance Limited, Val Ojumah, said NAIPCO is a major stakeholder to the company and insurance industry.He stated that the company places high premium on its stakeholders: He said: “For us, our stakeholders, both internal and external, are major drivers of the success of our business. NAIPCO is a major stakeholder for us. Providing the association with a Group Family Shield cover is our way of showing them how much we value and appreciate what they do,” he said. “Today marks the beginning of another fortune in this partnership. This document exemplifies the fact that should the unforeseen happen, FBNInsurance would stand by you. While we hop...Read more