FNB wants to displace traditional insurers
FNB Life CEO Lee Bromfield says the traditional adviser model lacks good data on customers, information banks have in abundance
18 September 2019 - 18:11
FNB Life, the insurer that emerged as the fastest growing in the country in 2018, says banks are ready to disrupt the status quo in the insurance sector, given the captive audiences they already have in their clients.
The insurer which was launched four years ago when its parent company, Firstrand, the biggest banking group by market capitalisation, received its own life license, says the insurance industry is not easy for new entrants to thrive in, especially when it comes to high-income earners who tend to be attached to their brokers...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.