FBNInsurance, a leading Nigerian life insurer and a member of the SANLAM group,  partnered Collinson, a global leader in travel, international health insurance and assistance solutions to launch SmartHealth International, a market specific international health insurance product for critical medical conditions.  

 Addressing the health insurance gap in the Nigerian market between domestic and international health insurance products, FBNInsurance and Collinson have collaborated on the design of SmartHealth International, which will deliver a suite of new affordable health insurance products aimed at Nigerian employers desirous of protecting and giving peace of mind to its employees and their families. 

 NAICOM approved, SmartHealth International, is designed to complement local healthcare cover by providing cover for treatment abroad should an employee or family member develop a critical medical condition that cannot be adequately treated in Nigeria.

 FBNInsurance, a leader in Life insurance in the country, delivers products that help customers enjoy the peace of mind that comes from managing the risks of everyday life and the introduction of a health insurance proposition complements its portfolio strategy. With national presence in strategic geographical locations across the country, FBNInsurance will market SmartHealth International across Nigeria, whilst partnering with Collinson to leverage its in-house international insurance and assistance expertise to provide international access to an extensive network of Collinson certified medical providers.

 Understanding the drivers for affordability, and at a time when provision for adequate healthcare and peace of mind has never been more top of mind, SmartHealth International is an affordable solution for the treatment of complex and critical care treatments. The proposition has been designed to cater for specific critical complex medical events such as cancer and those requiring renal, orthopaedic and neurosurgery, as well as serious trauma injuries sustained in road traffic accidents. These collectively are the primary medical conditions for which Nigerians are currently leaving the country to seek medical care abroad.

 Each case will be individually case managed and assessed, working closely with attending doctors in conjunction with Collinson’s expert international medical team. Depending on the level of cover purchased, eligible policyholders will be flown to South Africa, India or the UK, and even North African countries, where Arabic speaking is required.  

Speaking about the Launch, the Managing Director/CEO of FBNInsurance, Val Ojumah said “At FBNInsurance, one of our primary objectives is to help people, businesses and communities get back on their feet when the unexpected happens and it has never been more pertinent than now to offer our customers more choice and peace of mind when it comes to their healthcare. We are delighted to be launching this proposition in partnership with Collinson. Our teams have collaborated to develop a unique and affordable international healthcare solution that not only caters for critical medical conditions that cannot be adequately cared for in Nigeria, but also delivers innovation locally across health insurance product design”.

 In addition, Lawrence Watts, Head of Insurance at Collinson, commented “Our health and the health of our loved ones has never been more top of mind and so Collinson is proud to be partnering with FBNInsurance to give their Nigerian clients access to optimum international healthcare whilst maintaining value for money. At a time when the demands of even the best of healthcare systems globally are under pressure, it’s vital to provide healthcare alternatives to consumers, particularly in markets where we have identified a gap between domestic and international cover.”

 Collinson is a global loyalty and benefits company with more than 35 years’ global assistance experience that delivers exceptional insurance, assistance and travel solutions to corporate organisations around the world with the aim to help protect, assist and care for their customers. Their expertise in medical assistance underpins their unique insurance and assistance propositions. As one of the largest independent medical assistance companies, they have managed over 40,000 medical cases and conducted over 3,000 aero-medical evacuations last year alone. Collinson is also the trusted partner to many of the world’s leading financial services, airline and hotel brands’ loyalty initiatives, customer benefits and reward programmes. Its other solutions include loyalty services, Priority PassTM, travel insurance and travel risk management. 

 About FBNInsurance 

 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. As a life insurance business, we provide 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. 

  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.

 About Collinson 

Collinson is a global loyalty and benefits company. We deliver exceptional insurance, assistance and travel solutions to corporate organisations around the world to help protect, assist and care for their employees and customers. With more than 35 years’ global assistance experience and our in-house qualified medical staff, our expertise in medical assistance underpins our unique insurance and assistance propositions. As one of the largest independent medical assistance companies, we answered more than 1 million requests for assistance, managed over 40,000 medical cases and conducted over 3,000 aero-medical evacuations last year alone.  

  Collinson is also the trusted partner to many of the world’s leading financial services, airline and hotel brands’ loyalty initiatives, customer benefits and reward programmes. Our other solutions include loyalty services, Priority PassTM, travel insurance and travel risk management. 

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February 17th, 2021

As part of its Corporate Responsibility and Sustainability initiative, the foremost insurance company, FBNInsurance Limited, recently donated various items to Homes and Hospice in Lagos and Port Harcourt.

 

The company visited children at the Heritage Homes Orphanage (Lagos) and Rhema Orphanage Home (Port Harcourt). Items such as food, beverages, toiletries, clothes as well as cash were donated to the children of the orphanage homes.

 

In the same vein, the company made a similar donation to the Down Syndrome Foundation Nigeria, Lagos. Most of the items donated to the Homes and Hospice were largely raised through the company’s annual Staff Gift Drive, an in-house initiative that encourages members of staff of the company to donate various items for a common cause. The FBNInsurance Staff Gift Drive which incepted in 2015, is in its 6th year.

 

While appreciating the goodwill of the insurer, the Assistant General Manager, Heritage Homes Orphanage, Mr. Reuben Amara, said: “On behalf of the Board, Management and the entire members of the Heritage Homes Orphanage, we express our deepest appreciation to the Board, Management and the entire staff of FBNInsurance Limited for their kind donation towards the upkeep of the children in the Home. We pray that the Almighty God will reward your labour of love, especially at this difficult time of the global COVID-19 pandemic.”

 

The National President of the Down Syndrome Foundation Nigeria, Mrs. Rose Mordi, also expressed the Foundation’s profound appreciation and gratitude for the insurer’s kind donation. In her statement, she said: “We are grateful for your support, concern, love and for the interest shown to our mission. We thank you from the depth of our hearts and pray that FBNInsurance continues to grow from strength to strength.”

 

The Management, staff and children of Rhema Orphanage Home, Port Harcourt, in their words of appreciation to FBNInsurance, prayed for continuous growth of the company.

 

While commenting on the initiative, the Executive Director, Shared Services Division, Mr. Festus Izevbizua, stated that the company is delighted as the initiative is held in the month of February which is a month of love, sacrifice, sharing and giving. He reassured the Orphanages and Foundation of the insurers’ continued commitment to support the cause of the organisations in making the society a better place.

 

FBNInsurance is a Limited liability company licensed to transact life insurance businesses in Nigeria. The company, with presence in strategic geographical locations across the country, is a member of the Sanlam Group, a leading diversified pan-African financial service group.

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February 12th, 2021

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, commendable, was the pioneer of the sale of insurance through mobile device under his leadership.

Ojumah’s ability to navigate FBNInsurance through the health and economic crisis that enveloped the world in 2020 in order to meet the expectations of shareholders was also acknowledged.

 

Whilst congratulating the winners at this year’s edition of the African Insurance Awards, Dr. Corneille Karekezi, Group MD and CEO of AfricaRe, commended all the nominees and revealed that each winner will get a sum of $25,000. He also said “You have made all of us, in the insurance industry, proud and even more determined, to achieve greater success, and to serve our customers and communities to manage better the risks they face”

In his acceptance speech, Val Ojumah dedicated the award to all those who have been at the front-line working tirelessly to find a lasting solution to the health challenges brought about by the pandemic.

 

In 2018, FBNInsurance won the Best Insurance Company in Africa during that year’s edition.

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January 4th, 2021

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 newspapersCaleb 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 Financial Journalist Award is an annual event open to all journalists who practise in Africa, the African Growth Story prize recognises stories covering the significance of business and investment on the continent. Entries are focused on the growth of the continent in terms of investments, infrastructure development, economic progress and related topics.

 

This year a total of 113 entries were received for the awards, which were established by Sanlam 45 years ago in a bid to recognise and reward exceptional financial journalism. The work judged was all produced in 2019, before the COVID-19 pandemic, and spans the African continent.

 

Sanlam Group CEO Paul Hanratty says: “A vibrant society needs strong media. In Africa, financial journalists have a profound impact in keeping us informed, helping to uncover corruption, tell our strong growth stories and act as watchdog for companies, government, markets and economy. Against a background of change within their own industry, we commend the outstanding work these professionals do and look forward to continuing our support of the industry.”

 

Mr. Val Ojumah, MD/CEO, FBNInsurance, congratulated the two Nigerian Journalists: Caleb Ojewale and Isaac Anyaogo as well as BusinessDay newspaper for the feat achieved for representing Nigeria creditably in the competition.

 

 

The Newcomer of the Year award went jointly to Thando Maeko of Mail & Guardian and Donald Magomere of Kenya’s Financial Times. Both demonstrated a vibrancy and poignancy in their storytelling on various topics ranging from investment to the economy.

 

The 2019 Lifetime Achievement Award went to Caroline Southey. Over a period of more than 20 years, Southey has served as an editor, media strategist, financial journalist, speechwriter, communications specialist and contributor to government policymaking. She is also passionate about mentoring and motivating novice business journalists wherever she practices the journalism profession. Caroline continues to contribute to journalism as editor of The Conversation.

 

 

Nixon Kariithi led the independent judging panel for the first time this year and was joined by Paula Fray, Xhanti Payi, Ylva Rodny-Gumede and Ulrich Joubert. New judges, bringing diversity and extensive experience in pan-African journalism, joined the panel this year and they were Angela Agaowike based in Nigeria, David Moepeng in Botswana, Tom Indimuli in Kenya, and Richard-Stovin Bradford based in the United Kingdom.

 

Commenting on Bisseker’s achievement as the overall winner, Kariithi says the award recognises the collective value brought to the financial journalism profession by an outstanding individual for consistent professionalism, influential reporting and inspirational contributions. “What made Claire stand out was her ability to pick the key stories in the news cycle and convey these to the public in a way that helps readers have a deeper understanding of the issues prevailing in the South African economy and beyond.”

                                               

The full list of winners and runners-up across categories were:

 

Business/Companies award

  • Winner: Pauli van Wyk, Daily Maverick
  • First runner-up: Ryk van Niekerk, Moneyweb
  • Second runner-up: Dewald van Rensburg, amaBhungane Centre for Investigative Journalism

 

Economy award

  • Winner: Claire Bisseker, Financial Mail
  • First runner-up: Londiwe Buthelezi, Business Day / Fin24
  • Second runner-up: Fifi Peters, CNBC Africa

 

Financial Markets award

  • Winner: Ann Crotty, Financial Mail
  • First runner-up: Rob Rose, Financial Mail
  • Second runner-up: Giulietta Talevi, Financial Mail

 

Consumer Financial Education award

  • Winner: Maya Fisher-French, Maya on Money / City Press / eNCA
  • First runner-up: Marteli Brewis, Kuier
  • Second runner-up: Ryk van Niekerk, Moneyweb

 

African Growth Story award

  • Winner: Tom Collins, African Business magazine (Kenya)
  • First runner-up: Caleb Ojewale, Business Day (Nigeria)
  • Joint second runners-up: Isaac Anyaogu, Business Day (Nigeria) and Omar Mohammed, Reuters News (Kenya)

 

Established in 1974, the Sanlam Awards for Excellence in Financial Journalism recognises and rewards exceptional financial journalism. The awards arthe premier financial journalism awards in South Africa. The winner of each category receives a prize of R25 000, while the overall winner receives an additional R35 000 and the best newcomer prize amounts to R20 000.

 

Sanlam is a diversified financial services group, headquartered in South Africa, operating across 42 countries worldwide -34 African countries, 8 countries outside of Africa. Sanlam have created value for its stakeholders for over a 100 years since 1918 as they continue to contribute to financial resilience and prosperity in all the countries where they are present.

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November 16th, 2020

FBNInsurance together with its subsidiary, FBN General Insurance and its new owners, the Sanlam Group, hosted its Brokers in a virtual Brokers Forum recently, pledging to provide excellent services to its teeming clients.

The Forum was aimed at welcoming the Brokers to the Sanlam family while providing an overview of the Groups operations and reassuring the Brokers of a seamless transition with the new ownership. The Forum was well attended by over 30 top ranking Brokers of FBNInsurance and FBN General Insurance as well as the Executive members of both businesses and the Sanlam Group.

Speaking at the Forum, the Chief Executive Officer of the Sanlam Emerging Markets (SEM), Mr. Heinie Werth, stated that the core strategy of the Sanlam Group is to be one of the leading pan-african financial service providers. “With a business presence in 33 countries in Africa, we want to be the preferred service provider across the continent when it comes to providing financial solutions and it is part of our ambition to be the number one pan-african financial services provider.”

On the way forward following the transfer of ownership of FBNInsurance and its subsidiary, FBN General Insurance to Sanlam, Mr. Werth stressed that the role of the Group is to leverage Sanlam’s 103 year old pedigree and provide the Management of both companies with the requisite support and technical skills to bring new products and services to the Nigerian insurance market.

While addressing the Brokers’ further, Mr. Werth sought their support and commitment in building and growing the Group’s operation in Nigeria, stressing that “We are optimistic that the FBNInsurance and FBN General Insurance teams will continue to provide the same excellent services to you and your clients that you have become accustomed to over the years. There is no doubt about this.”

In the same vein, the Managing Director/Chief Executive Officer, FBNInsurance, Mr. Val Ojumah, appreciated everyone in attendance, especially the Brokers, for their invaluable support to the Nigerian life and general insurance businesses and craved their indulgence for continued support to FBNInsurance and FBN General Insurance.

The Managing Director/Chief Executive Officer, FBN General Insurance, Mr. Bode Opadokun on his part applauded the Brokers for their continued support to both businesses over the years while reassuring them: “We remain committed to partnering with you in offering innovative product solutions to our customers and we are open to more suggestions that would help improve our service delivery to you,” he said.

The question and answer segment was facilitated by Robert Domisse, Chief Executive Officer, Sanlam Pan Africa Life and Emmanuel Brulé, Chief Executive Officer, Sanlam Pan Africa General Insurance respectively.

With over a hundred years in wealth creation, Sanlam, a leading diversified pan-African financial services group, has businesses that cuts across 42 countries globally. Listed on the Johannesburg and Namibian Stock Exchanges, the market capitalisation of Sanlam is over $7billion with 104,000 employees across the world.

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September 3rd, 2020
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