By Nike Popoola

The Managing Director, FBN Life Assurance Limited, Mr. Val Ojumah, has said that the company was set up to provide premium value in the insurance market and become Nigeria’s first choice in wealth creation and financial security.

He said this during the inauguration of “FBN Life” in Lagos, on Monday night.

He said, “In our endeavour to become pacesetters in the insurance industry, we have designed our operations to consistently reflect our core values of integrity, innovation, professionalism, respect for every individual and excellent quality.”

According to him, the company’s operations have been structured to ensure that FBN reaches the uninsured in all parts of the country in order to deepen insurance penetration in the country.

He noted that the company was mindful of the need to be increasingly innovative in order to meet the needs of its diverse stakeholders.

While being mindful of the diverse products in the industry, Ojumah said that FBN Life had different products that ranged from group policies to individual policies, which would respond timely to the dynamic needs of the insuring public.

According to him, drawing from the extensive network of First Bank and the technical experience of Sanlam Development market, FBN will be playing a significant role in the development of insurance in Nigeria.

Source: Punch