About Us

FBNInsurance Limited  …because YOU really matter.

FBNInsurance is a life insurance business providing coverage for Individual and Corporate Clients. We are the youngest start-up insurer in Nigeria with presence in strategic geographical locations across the country.

Our products help our customers enjoy the peace of mind that comes from managing the risks of everyday life. With us, they can save for a comfortable future and protect what matters to them. One of our primary objectives is to help people, businesses and communities get back on their feet when the unexpected happens. It is therefore our responsibility to make sure we are there for our customers both today and in the future.

FBNInsurance is a Limited Liability Company licensed to transact Life Insurance businesses

The company is a member of the Sanlam Group, a leading diversified, pan-African financial services group. FBNInsurance officially commenced operations on the 1st of September, 2010.

Drawing from the knowledge, experience and technical expertise of the Sanlam Group, we intend to play a significant role in the development of the insurance industry in Nigeria. To achieve this, we are anchoring our operations on product innovation, efficient service delivery and prompt claim settlement

In 2014, we acquired a General insurance business – Oasis Insurance, now known as FBN General Insurance (a subsidiary of FBNInsurance) – and overturned the loss position of the newly acquired company within one year.

Our Purpose

Our Vision
To be the first choice insurer in financial security and wealth creation in Nigeria.

Mission Statement
We exist to safeguard the financial prosperity of our customers, while sustainably delivering value to all stakeholders.

Our Core Values

Integrity:
We believe that trust is an invaluable asset in our line of work. Hence, we ensure that in all our dealings; in every contract we have with our customers, in our relationships with all other stakeholders and in all our processes, our character is never called into question.

Our word is our bond.

Innovation:
We are committed to the continuous offering of modern and relevant products and services which meet the yearnings and expectations of our customers. We are always forward thinking.

Customer Centricity:
In every aspect of our business, excellence is our benchmark as we focus on delivering a positive customer experience pre and post sales. So, whether our customers interact with our people, processes or products, they are sure to have an experience that is truly pleasing and rewarding. Only the best will do …because YOU really matter!

Respect:
We understand that our customers are more than just facts and figures of our business. We appreciate that they have concerns, challenges, hopes and aspirations. That’s why we greatly esteem and value them. And that’s why we show each of our customers a heartfelt concern and empathy that is uncommon in our industry. The customer is King.

Sustainability:
We focus on meeting the needs of the present without compromising the ability of future generations to meet their needs. This encourages us to frame decisions in terms of environmental, social, and human impact for the long-term, rather than on short-term gains.

Adenrele Kehinde, Chairperson FBNInsurance

Adenrele Kehinde

Chairman

Val Ojumah, MD/CEO FBNInsurance

Val Ojumah

Managing Director/CEO

Wale Ariyibi, Director FBNInsurance

Oyewale Ariyibi

Director

Festus Izevbizua, ED Finance & Admin FBNInsurance

Festus Izevbizua

Executive Director, Finance and Admin

Corporate Governance

We can only achieve our strategic objectives by building a sound reputation founded on the highest standards of responsible behaviour. Over the years, our Group has been recognised for its strong commitment to corporate values and governance.

With recent events surrounding the development of corporate governance, it is evident that across the globe, investors are increasingly appreciating the impact good corporate governance practices are having on their investments.

To understand the corporate governance developments and culture in Nigeria, we offer a brief update on some recent developments in global corporate governance practices.

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