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FBN Insurance plans to take insurance to new level

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Amaka  Obiefuna
FBN Insurance Limited, an FBNHoldings company associated with the Sanlam Group SA, says it is taking insurance to the nooks and crannies of the country.

FBN Insurance Limited
FBN Insurance Limited

Val Ojumah, the Managing Director of FBNInsurance Limited, who revealed this assured of the firm’s willingness to go the extra mile in providing affordable and responsive insurance to the hitherto uninsured.
Ojumah said the insurance firm’s strong presence in the retail space cannot be disputed. “With our over 2,000-man strong retail team, we are increasing our investment in the retail space so as to be able to reach everyone. In spite of the number of insurance companies in Nigeria, we are yet to scratch the surface in terms of the potentials of the Nigerian market.”
He also explained that  “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.”
Talking about the company’s performance last year, the insurance man recalled a tough year, one in which inflation figures maintained double digits. “Various reports have indicated an increase in claims settlement across the industry and massive job losses due to

the economic meltdown have further put a strain on insurance industry. It is a tough time to do business in Nigeria.
“However, at FBNInsurance, we have kept to our philosophy of doing what we say. We think highly of our customers; come what may, we will always put them first,” he added.
Elizabeth Agugoh who is the head of Marketing and Corporate communications of FBN Insurace Limited, thanked the members of the fourth estate of the realm for being impartial stakeholders in the outgone year and used the opportunity to ask for their continued support this year.

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