Tuesday, July 5, 2011

IAG takes insurance awareness campaign to the grassroots

The Insurance Association of the Gambia, in furtherance of its campaign which seeks to increase awareness and enhance the public image of the insurance industry, on Friday June 24th, organized a lecture for the National Students Insurance Club (NaSIC).

Held at St. Augustine’s Senior Secondary School in Banjul, the lecture was organized to introduce insurance to the students, the basic principles of insurance, the concepts of insurance and why the need for insurance. 
NaSIC was established in 2009 by a group of students from St. Augustine’s and St. Joseph’s Senior Secondary Schools and it was officially launched by the IAG in April this year.  The club was formed to inculcate into students, the positive role that insurance plays in the development of a country, as well as to encourage students to take up insurance as a career.

Henry Jawo, secretary general of the IAG, said:  “We need to educate them (the students) about what insurance is all about.  The lecture is beginning of a series of programme that we will embarking upon with NaSIC and other insurance clubs, and we hope with the intervention of West Africa Insurance Institute (WAII), as they are one in charge of training, we will be able to get the students series of lectures so that they understand and appreciate insurance.

Mr Jawo
“The idea is to make the students to know insurance so that when they finish school they will appreciate the values of insurance and some of them can take up a career in insurance, and those who will be engage somewhere else outside the insurance industry will already be knowledgeable and conscious of the importance of insurance and they will always be willing to insure whatever property they might have.”
Insurance is a defensive measure used against future conditional losses to hedge the possible risks of the future. It is a legal contract that protects a person from contingent risk of losses through financial means and provides a means for individuals and societies to handle some of the risks faced in daily life. 

Winston Kuti-George, medical and travel manager, Great Alliance Insurance Company, in his presentation, told the students that insurance involves two parties; ‘the insurer’ and ‘the insured’.  The ‘insurer’ is the insurance company and the ‘insured’ is the policyholder.  “The policyholder pays a prescribed amount to the insurer called premium, the insurer in turn agrees to bear the financial loss and expenses of the policyholder,” Mr Kuti-George said.

He explained that the Gambia insurance industry as at 2010 consist of 11 registered insurance companies out of which ten are engaged in only non-life insurance business and one doing wholly life. “Usually policies under non-life are short term or one year indemnity contracts,” he said, adding “Funds or premiums are normally invested in short term, not more than one year, investment ventures like treasury bills.”

He explained that insurance like banking, promotes savings to individuals, it promotes investment because insurance companies can easily invest in agriculture, commerce, etc. And it also protects a person against the dangers of life and property.


  1. They are not just limited to adults patients they also
    have a tendency to children, to put it differently they aid those patients in all avenues of life.
    You become an educator to your patients and have the daunting task of being sure they receive all the support and preparation they
    require to return home. Depending on your lifestyle,
    now you also have the option to opt for online schools.
    Feel free to surf my blog post - inventory to diagnose depression

  2. When very effort that is made to save your married life fails, a marriage therapist is the best
    person who can sort out the differences and bring life back to the
    crumbling relationship. It is not uncommon for massage therapists to consult with physiotherapists before and during a massage.
    Also, be sure to have both the training and experience, which are needed before you
    even think of applying.
    Also see my website > clinical depression meaning

  3. Hi there, every time i used to check weblog posts here in the early hours in the break of day, since i love
    to learn more and more.

    Also visit my homepage :: What is piles
    Review my website :: What is piles

  4. whoah this blog is fantastic i really like studying your articles.
    Stay up the great work! You already know, lots of individuals are searching round for
    this information, you can help them greatly.
    My blog post : best diet plans

  5. Why people still use to read news papers when in this technological globe everything is existing on web?

    Review my site ... cms wordpress

  6. Have you ever considered publishing an e-book or guest authoring on other
    blogs? I have a blog centered on the same topics you discuss and would really like to have you share some stories/information.
    I know my visitors would appreciate your work. If you are even
    remotely interested, feel free to send me an e mail.

    Here is my blog :: folgers coffee discounts november 2013

  7. Do you mind if I quote a few of your posts as long as I provide credit and sources back to your blog?
    My website is in the very same niche as yours and my visitors would genuinely benefit from
    a lot of the information you provide here. Please let me know if this okay with you.

    My web page - discounts for ronzoni garden delight

  8. Thanks for sharing your thoughts about life insurance policy online.

    Also visit my site; Noodles Marinade Printable coupons
    My web site :: pizza bread discount codes

  9. Very energetic blog, I enjoyed that bit. Will
    there be a part 2?

    Also visit my weblog :: bargains for Snapple's iced tea

  10. Nice post. I was checking constantly this blog and I'm impressed! Very useful info specially the last part :) I care for such information much. I was seeking this certain information for a very long time. Thank you and good luck.

    Feel free to visit my homepage: palio diet
    Also see my site: brot ohne gluten

  11. ZuneIf you know the Zune HD is capable of shooting at a 720 x 480
    resolution, and we found its curves more ergonomic and natural, which
    should make you sexcam take pause.

    Here is my site :: cam sex

  12. Thanks for sharing the blog, seems to be interesting and informative too. Can you suggest some of the interesting places to visit for Online Insurance