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| Participants at a
weeklong (August 26-29, 2013) WAICA-Re international training course on “advance marine andaviation insurance” for insurers from West Africa (Photo provided by Lamin Jahateh)
|
The
Gambia will host an educational conference of the West African Insurance
Companies Association (WAICA) in November, an insurance association in the
country has said.
It
is The Gambia’s turn to host the next WAICA Educational Conference in November
this year, the Insurance Association of The Gambia, IAG, announced at its 26thgeneral assembly on February 8.
“I
hereby urge all our CEOs (chief executive officers) to allow their staff
selected to participate in the organisation of this event,” Henry Jawo, IAG’s
outgoing Secretary General said.
WAICA
was founded in 1973 by insurance institutions in the five English speaking West
African countries of The Gambia, Sierra Leone, Liberia, Ghana and Nigeria –
with its headquarters in Accra.
Its
educational conference of the umbrella body for insurance and reinsurance
companies in the sub-region, tackles pertinent issues that seeks to address
challenges and spur growth of the industry in West Africa.
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| L-R: Fatai K Lawal, Dawda Sarge & WAICA SG William B. Coker |
In
April 2012, the IAG played host to the 34th yearly general meeting and educational conference of WAICA on the theme “Professional and
Ethical Behaviour in the Insurance Industry.”
That
conference discussed professionalism and ethical practices in the industry
needed to build public trust.
The
insurers said they believe the industry has been tainted by unprofessional and
unethical insurance institutions and individual practitioners, thus bringing
about growing public mistrust and as well slow growth and development of the
industry in the sub-region.
“The consequences of bad business practices
could very well jeopardize the collective efforts to sustain economic growth,
employment creation and poverty alleviation,” warns Dawda Sarge, IAG president and WAICA vice president at the time.
He
admitted that the insurance industry continues to be challenged with issues
relating to public confidences and trust. Therefore, one way to reassure
society is to prove that an insurance contract “is not about buying wind but
creating energy.”
Written by Modou S. Joof
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