In celebration of the International Literacy Day and in line with the FBNHoldings Group Corporate Responsibility and Sustainability initiatives, FBNInsurance has supported back-to-school kits to needy children in Lagos.

At an event organised by a non-governmental organisation, Jakin NGO, 500 school children from various homes and hospices got free school bags, uniforms, notebooks, sandals and socks, among others.

Jakin NGO covnvener, Bukola Adebiyi, expressed gratitude to the management of FBNInsurance for their support for the programme. She said the insurer had been sponsoring Jakin NGO’s Dress-A-Child-for-School programme for some years.

FBNInsurance Managing Dirctor, Val Ojumah praised  Jakin NGO for its commitment to the less privileged. He said  at FBNInsurance, they take education seriously.

He said: “This is why our best selling product, FlexiEdu, is designed to help parents and guardians ensure their children and wards enjoy the very best of education, come what may..

“FBNInsurance’s strides in the area of education is well documented. Earlier in the year, the firm refurbished two blocks of classrooms and sunk boreholes in two schools at a rural community near Abraka, Delta State,” he noted.

October 11th, 2018

The Sanlam Group celebrates its 100th birthday, and we at FBNInsurance are proud of our association with this financial services giant, which first opened its doors in Cape Town, South Africa.

Founded in 1918, Sanlam has a rich history, the Group has evolved over the years from a traditional life insurance company to a broad-based diversified financial services provider that specialises in insurance (life and general), financial planning, retirement, investments and wealth. In 1998 Sanlam demutualised, listing on the JSE Ltd and the Namibian Stock Exchange.

The Group was restructured into several independent businesses within a federal business structure.

The Group has consistently grown its local as well as an international footprint – it now has a presence in 33 African countries, India, Malaysia, Philippines, the UK /Ireland, the US, Switzerland, and Australia.

It has taken the Group 100 years of doing things properly and doing them for good to get this far. While its centenary year is a chance to reflect on years of product and technological innovation, looking after society and creating financial security for all, Sanlam is looking ahead towards the next 100 years – firmly committed to continue creating lasting value and enabling people to live their best lives possible for now and for generations to come.

October 11th, 2018

FBNInsurance, has restated her commitment to outstanding Customer Service through the firm’s sponsorship of the 2018 Customer Amazement Revolution Masterclass with renowned Customer Service expert, Shep Hykens and accomplished economist, Prof Benjamin Akande.

Speaking at the conference, Lead Facilitator, Shep Hyken, emphasised the need for every business to realise that today’s customer no longer compare apples to apples, but they compare the quality of service received from the business to the best they have enjoyed elsewhere even if the industries were different. He went ahead to propose the Out-Convenience model for winning back the customer’s trust at all times. In his presentation, Prof Akande charged business leaders to commit to building a vibrant generation of youth leaders who will affect the Nigerian economic space going forward.

Val Ojumah, MD/CEO, FBNInsurance, who was also a discussant at the conference, commended the organisers and other sponsors of the conference for their support. He reiterated his firm’s commitment to better customer service as a pre-requisite to continuous customer satisfaction via multiple touchpoints.

The Masterclass, which was put together by The Workplace Centre, had various professionals from the financial services, health sector amongst others in attendance. Recall that recently, FBNInsurance hosted a successful Customer Forum in Aba as one of the avenues to engage with the business.

October 11th, 2018

Foremost underwriter, FBNInsurance Limited has said it will play in tier one category when the recently released Tier-Based Minimum Solvency Capital regime by the National Insurance Commission (NAICOM) begins by January 1, 2019.

Its Managing Director, Val Ojumah, disclosed this today at a press conference in Lagos, adding that the the duo of FBNInsurance Limited and FBN General Insurance Limited have the financial wherewithal to operate in the category.

He noted that the initiative taken by the industry regulator remains one of the best things to have happened to the insurance industry in recent times, stressing that the initiative will help address the ills in the industry.

According to him, the initiative will help build capacity for underwriters, meet claims responsibilities and act professionally. He added that the step will also help push up prices of insurance stocks at the Nigerian Stock Exchange(NSE).

He said the firm has been underwriting risks in oil and gas and aviation sectors as well as writing annuity business, promising that these critical areas of its business would receive greater attention in the envisaged business model.

Ojumah maintained that the firms will also expand their branch network to cover all parts of the country, which will help to deepen insurance penetration.

Managing Director/Chief Executive Officer, FBN General Insurance Limited, Bode Opadokun, said the Risk-Based Categorisation (RBC) will reposition industry, adding that it will also strengthen financial positions of firms and improve Return On Investment (ROI).

He commended NAICOM for the initiative, stressing that the step will pave way for engagement of competent hands by underwriting firms and encourage professionalism.

Executive Director, FBNInsurance Limited, Ekpe Ukpabio, on his part, pointed out that the firm supports the initiative as it is going to increase public confidence on insurance, saying, this development will also boost investors’ confidence.

October 11th, 2018

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.

Headquartered in Marina, Lagos, FBNInsurance is widely acknowledged as the fastest growing insurance company in Nigeria and indeed Africa as evidenced by her announcement as the Insurance Company of the Year at the recently held AIO/Africa-Re Insurance Awards. Incorporated eight years ago, the company has relied on a robust retail strategy to grow its business over the years.

August 8th, 2018

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 insurer’s technical capabilities thereby making it a vibrant business concern. This much was acknowledged by her recent announcement as the 2018 AIO/AfricaRe Insurance Company of the Year in Accra, Ghana.

It will be recalled that FBNInsurance has consistently been rated A+ for the past three years. With a growing retail network of over 2000 retail sales agents operating from 42 sales outlets and 3 branch offices nationwide, the company is poised to increase her market share with unique product offerings and a commitment to customer relationship.

August 8th, 2018

…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 ultrasound scan machine to the Maternity ward of the hospital, courtesy of the combined personal efforts of the members of the Board of FBNInsurance. “As much as we try to ensure every human being enjoys the very best of health, we should also not forget the mothers who deliver these lives. The wellbeing of pregnant women should be a priority for all of us, this is why the members of the Board of FBNInsurance made personal commitments to the donation of this ultrasound scan machine for the good of mankind and the betterment of humanity,” Adenrele said at the commissioning.

In his remarks, the Medical Director, Gbagada General Hospital, Dr Lateef Lawal, thanked FBNInsurance for their continuous benevolence and commitment to the hospital. He informed the gathering that the first dialysis machine, donated by FBNInsurance during the company’s 5th anniversary celebrations in 2015, had addressed the medical needs of 1,717 patients from November 2015 to December 2017.

Since inception, FBNInsurance has consistently demonstrated her commitment to the Nigerian consumer. The company has initiated/supported various humanitarian activities including a cervical/breast cancer awareness campaign, various back-to-school projects, scholarships and various community development projects nationwide.

May 30th, 2018

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, MD/CEO, FBNInsurance, commended the winning Area and charged them to do more so as to retain the trophy next year. He promised to continue to give them adequate support to ensure they meet their sales target.

FBNInsurance operates a robust retail structure of over 2,000 retail agents operating out of 42 sales outlets nationwide.

May 30th, 2018

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 orphanage and the Foundation.

May 30th, 2018

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 Executive Officer, FBNInsurance, Val Ojumah, thanked the organisers for maintaining its status as a credible organisation over the years and dedicated the award to the owners, FBNHoldings and Sanlam SA, the Board, Management and Staff of his company. “The AIO Awards remains one of the most sought after on the African continent for many reasons. We are honoured to win the prestigious Insurance Company of the Year award as this strengthens our position as the fastest growing insurance company in Nigeria and a thriving business on the continent. It is also another confirmation that our corporate strategy works.”

Incorporated eight years ago, FBNInsurance has defied the odds to become one of the leading life insurers in Nigeria’s sceptical market. With a robust agency structure boasting over 2000 sales agents, the company has consistently delivered on its strategic objectives by offering responsive insurance products to the Nigerian market. The AfricaRe/AIO Insurance Company of the Year 2018 is the company’s third major award in the past one year. Recall that the company had earlier this year won the Sanlam Emerging Market (SEM) Cup of Nations and the 2017 World Finance Best Life Insurance Company Award.

May 30th, 2018
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