The 34th annual
general meeting and educational conference of the West African Insurance Companies Association (WAICA) will be held in the Gambia from 15 to
17 April this year, William B. Coker, secretary general and chief executive
officer of the sub-regional insurance association, has revealed.
The theme of the conference,
to be held at the Kairaba Beach Hotel in Senegambia, is “Professional and
Ethical Behaviour in the Insurance Industry”.
About 200 delegates,
including representatives of various insurance companies in the sub-region,
insurance brokers, and reinsurance companies as well as observers from all over
the world are expected to grace the annual rotating conference.
Mr Coker, CEO/Secretary General of WAICA |
Sunday, 15 April,
is the arrival of the delegates, who will be treated to a welcome cocktail in
the evening, and the conference proper takes place on 16 and 17 April.
Mr Coker, a Gambian, says this year the conference will discuss professionalism and ethical behaviour because these issues worry not only the insurance industry but other industries as well.
Mr Coker, a Gambian, says this year the conference will discuss professionalism and ethical behaviour because these issues worry not only the insurance industry but other industries as well.
“So
as far as the insurance industry is concerned, we want to see how we can root
out all those people who are behaving in an unprofessional manner, in an
unethical manner because those are the few people that give any industry a bad
name,” Mr Coker said. “So we are here to discuss that particular aspect of our
work (insurance work) and see how best we can ostracize any such person or
companies that are not behaving professionally and are dragging down the
profession.”
Mr
Coker reiterated that it is only a few people, a few operators that give the
insurance industry a “bad name”. “Not
all the insurance companies are bad, most of them operate professionally but
how do we deal with those that are behaving otherwise is what we want to
address at this AGM,” he reaffirmed.
At the conference, two
thought-provoking papers will be presented and discussed by dynamic
stakeholders from the industry.
The first paper will be “Professionalism in a Highly Competitive Environment and the Practice of Ethical Behaviour in the Development of the Insurance Industry - The Role of Management”.
“Professional Insurance Underwriting and Marketing - A Must for the Growth and Sustenance of the Insurance Industry in West Africa” will come up on day-two.
The first paper will be “Professionalism in a Highly Competitive Environment and the Practice of Ethical Behaviour in the Development of the Insurance Industry - The Role of Management”.
“Professional Insurance Underwriting and Marketing - A Must for the Growth and Sustenance of the Insurance Industry in West Africa” will come up on day-two.
At the end of the
conference, a Gambian, Mr Dawda Sarge, managing director of Prime Insurance
Company Limited, one of the leading insurance companies in the country, will be
installed as the new president of WAICA for one year.
The WAICA AGM rotates among
the five English-speaking West African countries - Gambia, Ghana, Nigeria,
Liberia and Sierra Leone – that founded the association in 1973.
The annual rotating
conference last year was held in Nigeria after Ghana’s a year before. The last time Gambia hosted the conference
was five years ago.
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