Friday, December 20, 2024
22.9 C
Lagos

‘Sudan 2012 is First AIO Conference to Discuss Takaful’

As the 39th Annual Conference/General Assembly of AIO kicks off in Khartoum, Sudan in a matter of days, Ms. Prisca Soares, Secretary General of AIO, xrays the uniqueness of the summit and her expectations.

Much attention deserves to be focused on insuring the average African with modest means. This could be achieved through Micro-insurance and Micro-takaful.
Sudan is the most developed Takaful market which makes it the ideal place to learn about that aspect of insurance. It would also be the first time the conference would be holding in Sudan.
The African insurance industry is quite healthy and vibrant. Practitioners are well aware that the insurance sector is contributing very little to the world’s insurance output and that insurance penetration is very low in most of our countries.
I believe you could say that practitioners have decided to take the bull by its horns going by recent events and activities, ranging from recent regulations from CIMA to various regional conferences and seminars.

There are also ample opportunities of partnering with international organisations, such as the World Bank, Access to Insurance Initiative (A2II), International Labour Organisation (ILO) and Making Finance Work for Africa (MFWA), in organising capacity building programmes in areas of need.
Also, with the considerable increase in the membership of the AIO currently 326 members there is a strong chance that, with the collaboration of all, the African insurance sector will achieve greater success and have more impact on the economies of African countries in the years to come.

spot_img
spot_img
spot_img

Hot this week

Adekunle Gold, Wande Coal, Young Jonn Set to Thrill Fans at Lagos Shopping Festival

Lagosians are in for the most exciting music extravaganza...

Mediacraft Associates Continues to Blaze the Trail in Awards

  Group CEO Voted ‘Legend of Marketing Comms’ John Ehiguese, CEO...

Committee of Banks in Nigeria Donates Multimillion Naira Relief Materials to Jigawa Flood Victims

The Committee of Banks in Nigeria on Thursday lifted...

Polaris Bank Wins SERAS Award, Africa’s Sustainability/CSR Recognition

Polaris Bank over the weekend, added yet another feather...

2025: Budget of Restoration: Securing Peace, Rebuilding Prosperity

By Tanimu Yakubu Director-General Budget Office of the Federation I am pleased...

Topics

Bearish Run Sustained on Large Sell-Offs… ASI Down 1.6%

The local bourse continued its bearish run as the...

CTO Tasks Africa on Digital Broadcasting Switchover

In his opening address at the Digital Broadcasting Africa...

Nigeria Postpones Derivatives Trading Launch to 2017

The Nigerian Stock Exchange (NSE) has postponed to 2017...

Kanu’s Hardley Apartments: True Position by AMCON

The attention of Asset Management Corporation of Nigeria (AMCON)...

Lufthansa Group, Air China in Strategic Partnership

Lufthansa Group and Air China signed a partnership agreement...

Guinea Insurance Reports N1bn Premium Income in 2017

Shareholders of Guinea Insurance PLC on Thursday, July 12,...

JUMIA Seeks Better Infrastructure for e-Commerce in Africa

Francis Dufay, the Managing Director of JUMIA Côte d’Ivoire has called for better infrastructure to foster rapid and sustainable growth of the e-commerce sector in Africa. He said Côte d’Ivoire "has the basics of the different types of infrastructure" needed for e-commerce and "the challenge remains to improve each of these elements." E-commerce is based on four key infrastructures: Internet, logistics, payment and the legal framework. Although JUMIA managed to transcend the limitations inherent to each type of infrastructure, allowing it to route some 2,000 parcels daily, several points would benefit from qualitative evolutions; including: Logistics with a need for; better roads, 3PL offering the highest quality of service at competitive prices and a more comprehensive addressing system. Payment; where the widespread adoption of cashless payment methods such as mobile money for which JUMIA enjoys the expert support of MTN, should be encouraged. The regulatory and organisational framework could benefit from more education for stakeholders for a better understanding of contractual implications. And internet, whose penetration estimated at 8 million people in Côte d'Ivoire, remains curtailed.

NEM Insurance Plc AGM 2023

  From left: Group Managing Director/CEO, NEM Insurance Plc, Mr....
spot_img

Related Articles

Popular Categories

spot_imgspot_img