By Abibat Aliu
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 disclosed this in a press briefing held in the headquarter of the underwriter in Lagos.
According to him, presently the firm has over 3,000 insurance agents driving its business at the grassroots.
He stated that the company intends to redefine the insurance business, especially, through retail, hence, its planning to grow its insurance agents to 5,000 before year-end.
He said 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 use technology to capture the millennia onto the 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 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 an 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 an 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 the grassroots.
“We want to improve our customers’ experience by improving a lot in technology. We want to be the number one insurance company in Nigeria in terms of customer volume and profitability,” he stressed.
