Gambia: Ghana Reinsurance Trains Gambian Insurers On Engineering Insurance

Mar 26, 2019 | The Point; All Africa

At least 40 insurance professionals in The Gambia are benefitting from a training designed to boost their technical skills and understanding of engineering and business interruption insurance policy.

At least 40 insurance professionals in The Gambia are benefitting from a training designed to boost their technical skills and understanding of engineering and business interruption insurance policy. The four-day capacity building seminar, opened on Monday, was organised by the Ghana Reinsurance Company and hosted by the Insurance Association of The Gambia (IAG) at a hotel in Kololi.

Molifa Sanneh, Secretary General of IAG, said it was the first time that the Gambia insurance market was benefiting from a technical training on the subject, engineering and business interruption underwriting. It was part of Ghana Reinsurance Company's efforts to give back to the Gambian market for the patronage the company has been receiving from The Gambia.

Mr Sanneh said the training was very important because the infrastructural development The Gambia has been witnessing comes with some risks. The construction and other civil engineering works come with certain types of risks to the contractors, supervisors, and all the other workers and these risks are covered under engineering and business interruption insurance policy.

"In essence, the training will equip our insurance companies to take care of the risks that come with infrastructural development of the country," the IAG SG said.  Mrs Monica Amissah, Deputy Managing Director (technical) of Ghana Reinsurance Company, said the company annually organises workshops and seminars for their clients.

"We have been having these seminars because of our belief that development of technical capacity is an important tool for the growth of underwriters and the insurance industry," she said.

"We deemed it as an opportune time to come to The Gambia, taking into consideration the emerging trends in insurance and the on-going infrastructural projects across Gambia and in other countries in the sub-region."

The Commissioner of Insurance at the Central Bank of The Gambia, Pa Alieu Sillah, said the training and technical insurance knowledge to be gained will produce the requisite skilled manpower to enable a more meaningful contribution to the development of companies in the country. Read more from All Africa.

 

Source: All Africa