Experts proffer solution for insurance growth in Africa
The Guardian, Nigeria, 2 April 2009
Experts at the international insurance seminar organised by the African Insurance Brokers Association (AIBA) in Lagos agreed that the potentials of insurance in Africa were enormous but for the market to exploit its full potentials, these issues holds the key to the transformation of insurance potentials in the continent.
To achieve the expected transformation of the insurance and reinsurance potentials in Africa, operators must tackle the issue of capacity building in the continent which had reduced the level of risks underwriting companies could accept.
Beside, insurance practitioners in Africa need to focus on development of new products that can meet the needs of various groups in the society, develop human capital, information technology and good corporate governance among others.
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