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.”