African Insurers rate Ghana Re as best in training

March 8, 2016
Source: thebftonline | Ghana
African Insurers rate Ghana Re as best in training

African insurance practitioners who attended the 10th Ghana reinsurance company’s seminar on risk management -- pre & post-loss survey at the Atlantic hotel, Takoradi which ended a fortnight ago -- were all impressed with the organisation’s presentation of the training programme.

About 55 participants drawn from Ethiopia, Liberia, Nigeria, Sudan, Zambia and host country Ghana all commended Ghana Reinsurance company for its exceptional showing when it comes to training on the continent.

The participants called for more of such training in future. According to the participants, the seminar was interactive and the resource person -- Rajan Srivatsan, the director of Professional insurance surveyors and Loss Assessor PVT Limited, India -- was perfect for the training.

More importantly, too, Sudan -- whose representation at this year’s training programme was the highest -- was full of praise for Ghana Re for assisting in its times of need.

Sadig Galak, a Director of Petro-Energy, E&P Company Limited which has in the past led Sudanese delegations to similar seminars, revealed to B&FT that he had attended about 10 of such organised seminars by Ghana Re.

However, he admitted that what he learnt in the Risk Management this year has broadened his knowledge in Loss Adjusting.

Ali Omar Elsair Zahid from the Insurance Supervisory Authority of Sudan thanked the management, board and staff of Ghana Re for assisting their insurance market in spite of numerous sanctions imposed on the country.

However, he indicated that the Sudan insurance market will want to collaborate with its Ghanaian counterparts to learn more.

Gustav Sialle, Ghana Re managing director, called on Africa insurances to grow their own markets. He therefore advised participants to build a strong networks among themselves.

The week-long course covered Valuation of Physical properties, Hazards associated with risk, Policy wordings, Merchandise in sight and out of sight, Verification of books of accounts, establishment of insurable interest, and insurance and reinsurance claims assessment.