Insurance

FBNInsurance, General redefine underwriting with array of products

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From Left: Olumide Ibidapo, Head Technical, FBNGI; Adeola Adekunle, Head ERM & Annuity Services, FBNI; Bode Opadokun, MD/CEO, FBNGI; Val Ojumah, MD/CEO, FBNInsurance Limited; Olasupo Sogelola, Head, Brokers Market & Public Sector; Kelvis Eikponobhoa, Retail Distribution, FBNI; Elizabeth Agugoh, Head Marketing & Corporate Communications, FBNI; Babafemi Ayotunde, Retail Distribution, FBNI during the Media Product fair for FBNInsurance and FBN General Insurance today in Lagos.

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Chuks Udo Okonta

At a time many insurance companies are cutting and pasting products just to have something in their kitty, FBNInsurance Limited and FBNInsurance General Limited have continued to glow with research based products tailored to meet public insurance needs.

The coming of the firms into underwriting business have helped changed the landscape of the industry as they have continued to occupy more grounds at a time many of their peers are running around looking for investors to help shoreup their capital.

Unveiling their first class and people oriented products at the 2016 Media Product Fair, today in Lagos, the managements of both firms took time to highlight the array of products evolved to carter for risks faced by the public.

The Managing Director FBNInsurance, Val Ojumah, noted that all the products paraded by the firms were designed through apt researches with people in mind. He posited that the firms were conceived and established to change the landscape of insurance in the country.

Ojumah maintained that the firms enjoy the robust viability of FirstBank Nigeria Plc and their South African associate Sanlam Group which have being in insurance business for over 100 years, adding that the firms’ products are pocket friendly which can be afforded by people at different strata of life.

He posited that the firms’ claims payment records remain one of the best in the industry and that he and his colleague the Managing Director of FBNInsurance General, Bode Opadokun work round the clock to ensure customers’ claims are attended to promptly.

He noted that there are formal/informal and share services between both firms, as they are committed toward one goal which is providing insurance services in a unique way to satisfy their clientele.

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Bode Opadokun, MD/CEO, FBNGI; Val Ojumah, MD/CEO, FBNInsurance Limited and Olasupo Sogelola, Head, Brokers Market & Public Sector at the event.

Opadokun, who is also a first class insurance professional, said the company within the very short time of operations has transformed general insurance business through the array of products in its kitty.

Some life transforming products presently in the kitty of the General business include: Fire and special peril, motor insurance, plant and all risk policy, personal accident marine cargo and more.

FBNInsurance has flexible education plan, easy save plan, flexible saving plan, flexible cash flow plan, family income protection plan, extended family support plan, guarantee lifetime retirement income plan, annuity and more.

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