How insurers’ N97.2b claims settlement boost market penetration
Modern insurance claims process is increasingly complex. More variables and data are constantly coming into play, but carriers must determine appropriate settlements
Life insurers generated N329 billion premium from annuity in 2018
Life insurance operators have generated N328.88 billion premium from annuity since the inception of the Contributory Pension Scheme (CPS). According to the National Pension Commission (PenCom) in its fourth quarter 2018 reports, life underwriters also made monthly annuity payments of N3.26 billion as at the end of fourth quarter, 2018. PenCom noted that it approved…
FBNInsurance eyes 30 per cent growth in 2019, assures prompt payments
FBNInsurance Limited has projected a 30 per cent growth in its business in 2019, despite the uncertainty associated election year. The Managing Director/Chief Executive Officer, Val Ojumah, in an interview with The Guardian over the weekend, said the company grew by over 40 percent in 2018 and is optimistic that this growth trajectory would be…
FBNInsurance appoints new executive director
Following the confirmation by the National Insurance Commission (NAICOM), FBNInsurance Limited, a member of the FBNHoldings Company associated with the Sanlam Group of South Africa...
FBNInsurance gets new executive director
FBNInsurance Limited has announced the appointment of Ekpe Ukpabio, as Executive Director, Technical.
FBNInsurance opens six new offices
In line with its strategic expansion approach, aimed at extending its reach and make its operations accessible to more customers across Nigeria, FBNInsurance Limited, has opened six new sales outlets in Abeokuta, Ijebu Ode, Apapa, Agbara, Isolo and Epe.
FBNInsurance profit rises by 70%, gets N3 billion
FBNInsurance Limited has announced a Profit Before Tax (PBT) of N3.13 billion in its 2016 operations, representing 70 per cent increase compared to N1.8 billion achieved in the previous year.
FBNInsurance provides group family shield cover for NAIPCO
As part of its Corporate Responsibility and Sustainability (CR&S) drive, fast growing financial services company, FBNInsurance Limited, has provided a Group Family Shield cover valued at N14.5 million for the members of the National Association of Insurance and Pension Correspondents (NAIPCO).
FBNInsurance woo clients with affordable products
In a bid to enlarge their market shares, FBNInsurance Limited and FBN General Insurance have developed customised and affordable products that are targeted at the top, middle and lower classes of the society.
Path to viable industry activities, by FBNInsurance
The Managing Director/Chief Executive Officer, FBNInsurance Limited, Val Ojumah, has identified business opportunities for insurance in the non-oil sector in the light of current economic downturn largely brought about by crashing oil prices.