INSPENONLINE: "The Future of General Insurance in Africa Summit and Expo" focuses on the business potential of the African insurance market

Friday 17 April 2015

"The Future of General Insurance in Africa Summit and Expo" focuses on the business potential of the African insurance market

The general insurance market in Africa has experienced rapid changes in recent times, offering an increasingly attractive business environment for the insurance companies. "The Future of General Insurance in Africa Summit and Expo" offers a comprehensive view of this local insurance segment and its potential for the international players. The event will focus on the opportunities this market it holds and what insurers can anticipate and utilize to better manage their businesses and operations. The Summit is organized by LCI - LANDSBERG Communications International. XPRIMM Publications support the event as Media Partner.

The event's agenda seeks to address the most urgent and complex challenges impacting the industry. Experienced local and international speakers from the industry will define the most pressing challenges and seek the most suitable solutions to addressing the issues. The discussions will explore what the future holds for general insurers, from risks to opportunities and how best insurance professionals can harness this insight to build robust operations and navigate their growth in the future of general insurance in Africa.

The main subjects debated during the first day of the Summit will include:

Market outlook and core insurance strategies for general insurance in Africa
Regulatory challenges and opportunities in general insurance
Optimizing big data and analytics for business growth in short term lines
Building operational effectiveness to drive operational excellence

The second day discussions will focus on the following issues:

Managing insurance fraud and fraud risk in general insurance
Driving customer centricity and improving customer experience and satisfaction
Distribution strategies in a changing general insurance market space
Product innovation strategies for diverse general insurance customers

The conference is dedicated to CEOs, directors, executive and managers, Heads of Actuarial, Claims, Policy Administration, Product Development, Customer Centricity, Forensics/ Fraud, HR, Learning and Development, Business Intelligence, Sales and Marketing departments, as well as Business Analysts and other specialists interested in the African general insurance market.

"The Future of General Insurance in Africa Summit and Expo" takes place between the 23rd and the 24th of April 2015 in Hilton Hotel Sandton, Johannesburg, South Africa. For more details regarding the event, access the official website.

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Lawal is Inspen 2014 insurance man of the year

The former President Chartered Insurance Institute of Nigeria (CIIN) Fatai Lawal has emerged the 2014 Inspenonline Insurance Man of the year.

Fatai who is the the Managing Director Sterling Assurance Nigeria Limited was named today, at the Nigerian Insurance and Pension Award organised by Inspenonline.

Chief Executive Officer Inspenonline Media, Chuks Udo Okonta, said Lawal was picked from the votes casted by the public and other considerations made by the award's panel of assessors.

He noted that the winner raised the bar at the the Institute and the industry by opting to serve a tenure which was eventful and impactful. He added that amongst the legacies left by the winner was the printing and donation of Insurance books to secondary and tertiary institutions aimed at deepening insurance awareness.

Okonta noted that the award, which started two years ago with the recognition of two distinguished individuals and an underwriting company, has now come to stay.

"This year, we decided to raise the bar by setting high standards to judge the operations of companies and impacts made by individuals in moving insurance and pension business forward.

"To achieve this, we gave the public the opportunity to select those to be celebrated by calling for votes. Having harmonised the votes which came from different parts of the country, we benchmarked the scores with the set standard to arrive at the winners we are celebrating today," he said.

Others winners are AIICO Insurance Plc, Insurance company of the year; FUG Pensions Limited, Pension Fund Administrator of the Year; YOA Insurance Brokers Limited and Glanvill Enthoven Insurance Brokers Limited, Insurance Broker of the year.

Professional Excellence Award went to Professor Joe Irukwu; Best Professional Group went to the Chartered Insurance Institute of Nigeria and Association of Registered Insurance Agents of Nigeria; Corporate Brand went to Mansard Insurance Plc and Leadway Assurance Limited while Corporate Social Responsibility Award was won by Sovereign Trust Insurance Plc.

The organisers also recognised organisations that distinguished themselves, with Excellence Award. Organisations in this category include the National Pension Commission, Lagos State Pension Commission, Goldlink Insurance Plc and Pension Transition Administration Directorate.

Casino and Gaming Insurance

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What else do you need to know about casinos and insurance? Unless you are a casino operator, there really isn’t anything else you need to think about. Essentially, when you are a player you need to concentrate on creating your own personal insurance to yourself. In other words, you need to make sure that you create a gambling budget and that you stick to it. Once you create a bankroll, your goal should never be to deplete it. This makes certain that you will always have money with which you can play. Equally, you should set yourself winning and losing limits, so you know when to call it a day.
　