African insurers target microinsurance to deepen insurance penetration
Daily Independent Niger, 29 June 2010
African insurance companies have been charged to develop microinsurance products to cater to the poor and vulnerable people, who constitute the majority of the population of the continent. This formed part of the resolutions adopted at the 37th annual conference and general assembly of the African Insurance Organisation (AIO) in Banjul, The Gambia recently.
The insurance operators were, however, counselled that microinsurance products demand innovativeness in both product design and channels of distribution and premium collection.
The meeting also resolved that some critical factors to the survival, growth and continuous development of the African insurance industry are the effective and efficient management of the human and financial resources.
To this end, insurance companies were advised to take urgent steps to put in place human resource management policies that will ensure the recruitment of the right calibre of personnel and their continuous training and professional development supported by attractive remuneration and other incentive packages that will ensure retention and high level performance and loyalty.
Read full article
No comments
Add a comment:
|
