Mr Jawo |
Henry Jawo, executive secretary of the
Insurance Association of The Gambia, said this is necessary in order to enhance
and maintain efficient, safe and stable insurance market and to promote growth
and healthy competition in the sector.
Though the Constitution of The Gambia
mandated the Central Bank of The Gambia to direct and regulate the financial
industry, including insurance industry, “for the interest of the economic
development of the country”, many insurance technocrats observed that the Bank
is more focused on regulating the banking industry than insurance industry
hence the need for the establishment of an independent insurance commission – a
specialized autonomous body for the regulation of the insurance industry.
He said this will only be in line with
the practice that already exists in almost all English speaking countries in
West Africa, where there is a fully functional insurance commission.
Jawo explained that an independent
regulatory body is what the industry desires now in order to care of any
problem affecting the insurance industry and steer it in the right direction
for the benefit of the economy.
IAG executive secretary noted with
strong conviction this is the only way forward if the industry is to take its
rightful position in the economic development of the country.
He affirmed that if the Gambia insurance
industry, which has eleven companies, is to fully develop and takes it rightful
position in the economy, then it needs a specialized regulatory body to manage
and superintend its growth.
Very interesting that an industry actually wants more attention and regulation from a government!
ReplyDeleteThe other day, while I was at work, my sister stole my iphone and tested to see if it can survive a 30 foot drop, just so she can be a youtube sensation.
ReplyDeleteMy apple ipad is now broken and she has 83 views.
I know this is totally off topic but I had to share it
with someone!
Also visit my homepage - buy Crystal Light promo codes
Hi it's me, I am also visiting this web site daily, this site is actually nice and the users are truly sharing fastidious thoughts.
ReplyDeleteAlso visit my web page ... Snapple bargains 12 pack
Nice post. I learn something totally new and challenging on sites I stumbleupon on a daily basis.
ReplyDeleteIt will always be useful to read through content from other authors and
use something from other websites.
Feel free to visit my website :: jacksonville home insurance
You could certainly see your expertise within the work you write.
ReplyDeleteThe sector hopes for even more passionate writers like you who
are not afraid to mention how they believe. At all times follow your
heart.
Here is my site ... folgers coffee singles discount codes
Hello all, here every person is sharing these kinds of familiarity, thus it's nice to read this webpage, and I used to visit this web site daily.
ReplyDeleteAlso visit my homepage - coupons
You actually make it seem so easy with your presentation but I find this matter to be really something which I think I would never understand.
ReplyDeleteIt seems too complex and extremely broad for me.
I am looking forward for your next post, I will try to get the hang of it!
Look into my homepage ... NFL Jerseys Cheap
It is not my first time to visit this web site, i am visiting this website dailly and take good facts from here
ReplyDeleteevery day.
Feel free to visit my web-site ... New LeBron Shoes ()