FBNInsurance eyes number one position, to deploy 5,000 agents for retail business

From left: Thomas Meisinger, Chief Operating Officer, FBNInsurance Limited; Akudo Azu, Head, Marketing & Corporate Communications, FBNInsurance Limited; Tunde Mimiko, MD/CEO, FBNInsurance Limited; Odinakachi Umekwe, Executive Director, Retail Distribution, FBNInsurance Limited at the media parley recently held today at the Victoria Island Annex Office, Lagos.

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Chuks Udo Okonta

FBNInsurance Limited hopes to deploy 5,000 insurance agents to drive its retail business and enhance profitability.

The newly appointed Managing Director/Chief Executive Officer, Tunde Mimiko who said this today at a press conference in Lagos, noted that the firm presently has over 3,000 insurance agents driving its business at the grassroots.

He stated that the company intends to redefine insurance business, especially, through retail, hence, its planning to grow its insurance agents to 5,000 before year end.

He maintained that, having more agents who will be selling insurance products and services across the country will enhance insurance penetration and awareness, adding that the company would equally uses technology to capture the millennia onto insurance platform.

Disclosing that the firm currently has about 400,000 policyholders, he promised that FBNInsurance intends to grow this number to one million within the next one year, stressing that the firm hopes to be the number one insurance company in the country.

“This is not about promises, we have the personnel to achieve this. We are going to use agency system to penetrate the nooks and crannies of the country while we will rely heavily on technology to capture the millennia,” he pointed out.

“We want to grow the personal line through the agency platform.Currently, we have over 3,000 agents but we are on expansion drive to take it to 5,000 by year end,” he submitted.

With low insurance penetration in the country, Mimiko said, FBNInsurance would be instrumental to increase penetration, taking insurance to grassroots.

“We want to improve our customers experience by improving a lot in technology. We want to be number one insurance company in Nigeria in terms customer volume and profitability,” he stressed.

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