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FNB, Momentum Collaboration Expands Namibian Operations

Collaboration was started two years ago when Momentum’ book of Namibian policies were transferred to Swabou Life

FNB, along with its subsidiary Swabou Life Assurance, and Momentum have announced a significant expansion of their Namibian life-insurance operations. It started collaborating with Momentum more than two years ago when Momentum’ book of Namibian policies was transferred to Swabou Life – reported Namibia Economist.

Swabou Life has now added Momentum’ Myriad life-cover offering to its suite of products. The Myriad product range offers comprehensive risk-cover benefits to individual policyholders in a flexible package, the company claims.

Etienne Brits, CEO of Swabou Life/Momentum, Namibia, said: “The Myriad product range will now be marketed, distributed, underwritten and serviced by Momentum Namibia in Windhoek. This gives existing and prospective Namibian policyholders access to a wide range of world-class products.”

Vekuii Rukoro, Group CEO, Advertising, FNB Namibia, said: “We are very excited about the value that will be created for policyholders, shareholders and all the other stakeholders of Momentum Namibia.”