Insurance

FBNInsurance wins Insurance Company of the Year Award.

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…Val Ojumah is Insurance Man of the Year

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Chuks Udo Okonta

Inspenonline Media, organisers of the 2015 Nigerian Insurance & Pension Awards, has announced fast-rising insurance company, FBNInsurance Limited, as the winner of its Insurance Company of the Year award while the company’s Managing Director, Val Ojumah, won the Insurance Man of the Year award.

At the Award ceremony held in Lagos, the Editor, Inspenonline, Chuks Okonta, said the award was designed to celebrate organisations and individuals who have helped to reshape the activities in insurance and pension industries and by extension, the economy. Taking the audience through the modalities of the awards which were voted for, Okonta said, “Having harmonized the votes which came from different parts of the world, we benchmarked the scores with the set standard to arrive at the winners we are celebrating today. The awards, which is in seven categories, had 25 nominees of which eight winners emerged.”

In his acceptance speech, Val Ojumah, MD/CEO of FBNInsurance Limited who was represented by Olasupo Sogelola, Head, Public Sector & Brokers Market, FBNInsurance Limited, said: “Awards by their very nature is an external acknowledgment of an entity’s good works in its catchment area. That an industry-wide medium like inspenonline.com has found us worthy of these awards is not just heart-warming but also imposes on us a challenge of continuous performance we are all too glad to accept. After all, in our six years of operation, we have thrived on challenges; and these challenges have brought us thus far in so short a period.” While attributing the company’s rapid growth to its outstanding ownership structure which has imposed on it a burden of outstanding performance, Ojumah was quick to acknowledge the commitment and professionalism of the company’s staff to its core values and vision, and the Board of Directors for providing outstanding strategic leadership and direction for the brand.

FBNInsurance Limited, an FBNHoldings company associated with the Sanlam Group SA, was incorporated to transact life insurance business in Nigeria six years ago.

Currently, it operates from 28 sales outlets and 3 branch offices nationwide. It will be recalled that the company won the M&A Atlas Africa Deal of the Year 2015 for its acquisition of Oasis Insurance Limited which has since been re-christened FBN General Insurance Limited, a subsidiary of FBNInsurance Limited.

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