Our Company

Our Company

EXECUTIVE SUMMARY

Ever since 2013 FNI has been serving its customers by protecting them from all kinds of unexpected calamity as wells as reducing their financial loss while providing them with peace of mind.

By the time FNI has completed 4 years its aim of being at the forefront of the Myanmar insurance industry has already been achieved.

As the general public keeps enjoying the benefits of insurance more and more and year after year, it is undeniable that public awareness of insurance has been developing by leaps and bounds.

With the ever-changing socio-economic political trend as insurance needs for the modern developing economy grow and diversify, it is necessary to spread more and more insurance knowledge to the insuring public.

FNI while observing the international insurance markets has been trying both physically and mentally its utmost to provide the general public with required insurance coverage as much as possible.

Consequently, FNI is firmly resolved to move forward steadfastly with might, main and full conviction that the day when Myanmar insurance market where modern latest insurance products competitive with those from international insurance companies are available would fully develop is not too far away.  

VISION

To become a leading Insurance Company in Myanmar Insurance Industry by fostering Industrial & Economic growth thereby improving quality of peoples’ lives.

MISSION

To help protect our customers from all kinds of peril by providing them with not only financial benefits but also peace of mind.

CORE VALUES

  • Integrity
  • Dedication
  • Team Spirit
  • Customer Centricity
  • Respect & Courtesy
  • Innovation

OUR QUALITY POLICIES

  1.    Identifying priority markets with potential to grow
    • Focus on major Cities which comprise Myanmar’s Largest Life & Non-life markets
  2.    Expanding our geographic focus to cover the untapped parts of the country
    • Opening branch Offices
    • Promoting Brand Awareness
  3.   Taking advantage of Life & Non-life combination
    • Product bundles under the same brand
    • New products that can better provide our customers’ needs.
  4.   Building up our competitive advantage by focusing on marketing and distribution,  technology , management & financial planning

LINES OF BUSINESS

Through innovative product design & dedication to meet our customers’ needs, FNIP has positioned ourselves as the powerful regional insurance provider.

OUR LINES OF BUSINESS INCLUDE :

  1. Comprehensive Motor Insurance
  2. Fire Insurance
  3. Cash-in-Safe
  4. Cash in Transit
  5. Fidelity
  6. Life Assurance

Our lines of business are not limited to these. We will launch new product lines in the near future as we move forward.

SERVICES

We put focus on the following areas as we believe these areas are our core strengths in delivering our services:

  1. Identifying customer needs
  2. Promoting  Insurance awareness
  3. Managing customer's risk
  4. Responsive Claims Center
  5. Innovative Information & Technology
  6. Call Center

Our competitive advantage is that our services are prompt, and incorporate automated technology that will greatly reduce time & error in both underwriting & claim operations.

ORGANIZATION STRUCTURE

CORPORATE SOCIAL RESPONSIBILITY

To comply with international regulations and norms of conduct, and to become a recognized member of the United Nations Global Compact (UNGC).

OBJECTIVES

Promoting social value by providing insurance solutions to address the needs of our customers with respect to finance and health

Spreading knowledge about insurance throughout society to encourage higher living standards

Working to encourage the well-being of the ecosystem

Engaging our shareholders to establish trust in FNI

Maintaining transparency and establishing FNI as a safe place for our customers

 

The Ten Principles of The United Nations Global Compact

  1. Human Rights Businesses should support and respect the protection of internationally proclaimed human rights; and
  2. Make sure that they are not complicit in human rights abuses.
  3. Labour standards Businesses should uphold the freedom of association and the effective  recognition of the right to collective bargaining.
  4. The elimination of all form of forced and compulsory labour;
  5. The effective abolition of child labour; and
  6. The elimination of discrimination in respect of employment and occupation.
  7. Businesses should support a precautionary approach to environmental challenges;
  8. Undertake initiatives to promote greater environmental responsibility; and
  9. Encourage the development and diffusion of environmentally friendly technologies
  10. Businesses should work against corruption in all it forms, including extortion and bribery.

CODE OF CONDUCT

Our code of conduct is strongly tied to our values, beliefs and based on high business ethics. 

  1. Fairness in all areas of operations
  2. Anti-Corruption
  3. Protection of assets
  4. Transparency
  5. Good communication with stakeholders
  6. Fraud and Crime Prevention
  7. Anti-discrimination