Swiss Re’s Individual Risk market new business volume survey 2018 shows that FNB Life has achieved the highest growth in market share by sum insured for 2017. ‘It also achieved the highest growth for the three main mortality – risk only, Credit life and funeral Insurance. With over three million policies in its book, it has also captured market share for new risk . Products in the banks and digital direct Channels. Lee Bromfield CEO of FNB Life says the finding of the survey confirm the growth story of the business, which achieved double – digit earnings for the 12 months to June 2018.
Insurance revenue increased by 6% and 8% in funeral and credit life Policies respectively. He attributed their success to FNB Life’s ability to understand and innovate across the entire insurance value chain. The Company have followed this strategy from on set and across all their products. FNB Life emphasis on digitisation saw it winning. a global EFMA- accenture innovation award in 2016.