African Insurance Awards 2018

Category

Insurance Company of the Year

Nominee

FBNInsurance Limited
Nigeria

Reason for nomination

FBNInsurance Limited …because YOU really matter.

FBNInsurance is a life insurance business providing coverage for Individual and Corporate Clients. We are the youngest startup insurer in Nigeria with presence in strategic geographical locations across the country, capitalizing on our relationship with FBN Holdings Plc. 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 in Nigeria. The Company is jointly owned by FBN Holdings Plc (65%) and the Sanlam Group, one of the largest financial institutions in South Africa (35%) and it officially commenced operations on the 1st of September 2010. Drawing from the knowledge and experience of our owners, 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.