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

FBNInsurance has again won the coveted World Finance Global Insurance Award as the Best Life Insurance Company in Nigeria, 2017. While acknowledging the massive influence of new technology and changing global economic outlook on the insurance industry in 2017, the organisers gave kudos to the winners for their resilience in weathering the various challenges. A statement obtained on the organiser’s website said: “The World Finance Global Insurance awards aim to celebrate those that have stood out as clear industry leaders over the course of 2017 by remaining agile even in the face of rapid change.” Elizabeth Agugoh, Head, Marketing and Corporate Communications, FBNInsurance, in her reaction to the news attributed the win to her company’s continuous commitment to providing responsive insurance to every Nigerian. “In our seven years of operation, we have been able to carve a niche for ourselves by continuously engaging the consumer t...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

Despite its over 2,000-man strong retail team, FBNInsurance Limited is increasing its investment in retailing to reach every part of the country, the Managing Director, Val Ojumah, has said. Ojumah, who spoke at the company’s headquarters in Lagos, said this was part of the company’s strategic plans for the year. He said the firm’s commitment to take insurance to the nooks and crannies of the country indicated its willingness to go the extra mile in providing affordable and responsive insurance to the hitherto uninsured. He said: “Our strong presence in the retail space cannot be disputed. In spite of the number of insurance companies in Nigeria, we are yet to scratch the surface in terms of the potential of the market. “As a company, we are looking to consolidate our retail presence, improve on our delivery time and achieve a most effective process for our key functions and deliveries.’’ On the company’...Read more

On November 1st, 2017, the parties launched ‘Servier Insurance’, a loyalty product which will provide Life and Health insurance cover to all Servier customers in Nigeria. While customers purchase medication, they will now be required to register the drugs to activate the insurance cover for free. Speaking on the occasion, Ayoola Dominic, Director of Operations, Middle East and Africa (MEA) Division – Servier International, stated: “Servier is on an aggressive growth trajectory in Nigeria, and we feel this is the right time for us to collaborate with MicroEnsure to provide high quality medical services to low-income earners in the country. We approached MicroEnsure because we believe that the organization is in a good position to help us achieve this objective. Servier and MicroEnsure share a common objective of understanding needs of unserved low and middle income segment of society. We are excited about this partnership and look forward t...Read more

Fast growing Life insurer, FBNInsurance, has released its financial report for the year ended 2017 as approved by the industry regulator, National Insurance Commission (NAICOM). Figures obtained from the published financial statements showed a general growth across various measurement indices. The company’s profit before tax (PBT) grew by 37% from N3.11 billion in 2016 to N4.26 billion in 2017; while the gross premium written (GPW) grew from N9.9 billion in 2016 to N19.6 billion in 2017, a massive 98% increase. While commenting on the financial statement, Val Ojumah, Managing Director/Chief Executive Officer, FBNInsurance, credited the strong performance to a combination of factors including continued penetration of the retail insurance space, strong cost optimisation culture, consistent and efficient service delivery across available touchpoint, exploitation of new service channels, disciplined risk management, and a well-motivated staff. “Our ove...Read more