Managing Director of BIC, Dziki Nganunu
The Organisation of Eastern and Southern Africa Insurers’ 37th Annual Conference will be held for the first time in Botswana at the GICC from the 18th to the 20th August 2014. There is only a few weeks left before the Botswana Insurance Industry opens its doors to host potential insurance industry investors, decision makers, and high level delegates from Eastern and Southern Africa.
This conference will be graced by key players who will provide a wealth of information on pertinent issues in the insurance market. The theme of the conference is titled “Overcoming Barriers To Enhancing Regional Capacity In The Insurance Industry”. The theme is befitting, since the sector is currently facing numerous challenges that need sophisticated solutions enabling insurers to remain relevant and to provide insurance covers that meets the dynamic market needs.
Three key topics, (amongst a number of others) that the platform will address are on issues of Climate Change In Africa And The Role Of Insurance, Providing Health Insurance In Africa including, The Role Of Technology In Enhancing Insurance Penetration In The Region. To ensure that these issues are sufficiently addressed, renowned speakers have been roped in to chair different paper discussions that are relevant to their field of expertise.
Climate Change In Africa And The Role Of Insurance
Due to the rapid increase in emission of greenhouse gases and changing ecosystems, the intensity of natural disasters has increased and the impact is mainly felt by developing countries. Climate change is an increasing risk which is likely to affect the insurance industry.
Providing Health Insurance In Africa
Africa is faced with countless health challenges, poor public health care facilities, expensive private medical care and lack of expertise in certain areas. This conference provides a chance to benchmark off international markets in developing health insurance schemes that will improve access to affordable and high quality health care.
The Role Of Technology In Enhancing Insurance Penetration In The Region
The evolving world of technology makes global markets more accessible and calls for adaptation to the rapidly changing business environment. The insurance industry has to explore new channels to reach prospects and clients through cutting edge technology while in the process, finding ways to mitigate the risks that comes with it. Not only does technology play a role in the operations of an insurance company, it opens paths for client convenience.
The conference is an opportunity for Botswana based companies to participate and form partnerships with Regional and International companies. Botswana is continuously seeking ways to diversify and expand its investor base. This conference is another gateway to potential investment and economic diversification.
Considering the magnitude of the conference and the considerable positive impact it can have on the sector’s growth, a number of local industry players have proactively participated and contributed to the organising of the event. Botswana Insurance Company Limited, Managing Director, Dziki Nganunu is chairing the local organising committee and other companies, specifically, FMRE, FirstRE, Continental RE, Mutual & Federal and Regent Life have all played a significant role in ensuring that the conference is successfully held.