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By Adedapo Adesanya

FBN Insurance has yet again emerged as the Best Life Insurance Company in Nigeria for the year 2020 as announced by World Finance.

In a statement on its website, the magazine noted that, “The winners of this year’s World Finance Insurance Awards are the organisations most able to adapt to the new environment and help forge the future of the industry in their respective countries.

“This year, the World Finance Insurance Awards showcases the businesses that are best equipped to handle the environment and expectations that are accompanying our new COVID-normal world,” the statement added.

“This means much more than just financial discipline. All businesses need to be leaders, but insurance companies need to be moral touchstones given the critical role they will play in the months and years ahead,” it further said.

Speaking on the recognition, Mr Val Ojumah, the Managing Director/CEO, FBNInsurance, in his reaction to the news attributed the win to the company’s continuous deployment and utilisation of technology in delivering services to meet the ever-changing needs of the customers.

He said, “We are happy to have won this award for the 5th time running especially during this pandemic which has impacted the way we work, shop and generally live.

“FBNInsurance has invested and stepped up its technology platforms to meet the ever-changing needs of the customer at this time.”

Established in 2007, World Finance has celebrated achievement, innovation and brilliance in Business through their annual awards.

FBNInsurance is a member of Sanlam Group, a leading diversified pan-African financial services group with businesses across 42 countries globally.

Sanlam in June 2020, acquired the remaining stake in FBN Insurance from its partner, FBN Holdings Plc (FBNH) giving the Group 100 per cent ownership of FBN Insurance Limited (FBNI) and its subsidiary, FBN General Insurance Limited.

Prior to the complete takeover, FBN Holdings Plc held 65 per cent of FBN Insurance, while Sanlam held 35 per cent.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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