After being fully acquired by FirstRand Namibia, OUTsurance Namibia has changed its name to First National Bank (FNB) Insurance.

FirstRand Chief Executive Officer, Conrad Dempsey at a press conference on Thursday said the short-term insurer has been rebranded after the listed financial services group received the necessary regulatory approvals for the transaction in March 2022.

FirstRand Namibia brands include FNB, Rand Merchant Bank and Ashburton Investments.

“The FNB short-term insurance team has the experience and knowledge to guarantee that customers will continue to receive the best of the old, simple direct access to insurance, while also delivering a new strategy for insurance coverage,” said Dempsey.

FNB Insurance CEO, Georg Garrels emphasised that the group’s short-term insurer, OUTsurance, had made a name for itself in the market as an innovative insurer with cutting-edge products.

“We will continue to add value by offering more value-added services to maximise returns for our stakeholders, customers and shareholders,” he said.

He added that for their existing customers, the transition is seamless – a new name, but the same values focused on their customers and the communities in which they operate.

Garrels stated that going forward, FNB short-term insurance will be known for its strong customer relationships, its responsiveness and innovative products, and quality service.

The name change, according to FNB Insurance, will not have an impact on current customers’ policies, OUTbonus values, or monthly premiums.

Source: The Namibian Press Agency