Leading Life Insurer, FBN Insurance Deploys 5000 Agents For Retail Business—-The Nigeria’s leading life insurer, FBN insurance Limited, had announce its plan to deploy 5,000 insurance agents to drive its retail business and enhance profitability.
The Genius Media Nigeria reports that this was made known by the newly appointed Managing Director/Chief Executive Officer of Tunde Mimiko at a press conference held in Lagos on the 14th of September.
In his statement, he noted 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. Currently, the firm has over 3,000 insurance agents driving its business at the grassroots.
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.
