FBNInsurance Bags A+ Augusto Rating 

By,  LOVETH AZODO, Lagos

FBNInsurance has been rated for the fourth time, A+ for it’s strong capitalization, good profitability, moderate exposure to underwriting risk, good cash flow and liquidity as well as an experienced management team.

This is in continuation of its bid to honor and acknowledge top achievers in the Insurance Industry by the rating agency, Agusto & Co.

The credit rating company, Agusto & Co acknowledged FBNInsurance as a financial institution with satisfactory financial condition and adequate capacity to meet its obligations as and when they fall due.

According to the Statement from the FBNInsurance, Industry watchers believe that while the company’s affiliation to FBNHoldings has helped her business development and risk management initiatives, her association with the Sanlam Group (SA) on the other hand, has clearly aided the insurer’s technical capabilities thereby making it a vibrant business concern.

This was much acknowledged by her recent announcement as the 2018 AIO/AfricaRe Insurance Company of the Year in Accra, Ghana.

With a growing retail network of over 2000 retail sales agents operating from 42 sales outlets and three branch offices nationwide, the company is poised to increase her market share with unique product offerings and a commitment to customer relationship.