The Chartered Insurance Institute of Ghana, held its first residential conference and general meeting at the Aqua Safari Resort in Ada in the Greater Accra Region last week.
It was held on the theme “Professionalism, Integrity and Excellence – The Way Forward for the Insurance Industry”.
Rev. Asante Marfo-Ahenkora, President CIIG said in his welcome address that he was confident the conference will afford all participants the opportunity to network and strategise as professionals in such a relaxed environment and learn from best practices and be empowered to promote professionalism and engender public trust in the office.
About 100 participants including the regulator attended the maiden conference.
He indicated that Ghana’s highly rated industry is faced with many challenges, key among which, he noted is price under cutting and the size of credit.
The two-day event covered areas such as “the ethics of the professional, under cutting and illegal payments to employees of clients”. These were the topics treated on first day, with two imminent practitioners Kwame-Gazo Agbenyadzie and Larry Kwesi Jiagge as the resource persons.
On the second day, a proposed Solvency Framework was discussed. The resource persons were Professor Kwame Adom-Frimpong, Managing Director of Mainstream Re and Seth Eshun, Head of Supervision from the National Insurance Commission.
Professional forum was also held on the second day to discuss steps aimed bringing peers together for consensus building and joint direction on issues of mutual interest.
Solidarity messages were received from the Commissioner of Insurance, Mr. Justice Ofori, who said “although this is not our first educational conference and AGM, successfully holding it in-residence reflects our full commitment and support for our beloved institutes.”
Lena Ado-Kofi on behalf of the brokers commended the governing council and the organizing committee for putting together the historic event. She said the topics for discussion are all trendy and on point. “We agree with the theme: Professionalism, Integrity and Excellence, the way our for the Insurance Industry.
The Ghana Insurers Association (GIA), in their message said the event offers CIIG an opportunity to reflect on its mission and values and the extent to which these have been achieved.
“As an institute with focus on ensuring professionalism of insurance practitioners, CIIG has a duty to set high standards. The current challenge in the insurance industry is not only academic. Practical tutelage and experience in rudiments of the profession are equally important. It is therefore, this reason that GIA looks forward to a training regime that does not only focus on the theoretical aspect of insurance, but makes mentorship important as well. Continues professional development must be promoted.”
The Chartered Insurance Ladies Association, Ghana (CILAG), represented by its president, Josephine Dosah also sent felicitations to CIIG. She said it is a simple truism that a critical development of the insurance industry depends on insurance professionals. Adding that: “This forum will help professionals and students of the institute to acquire the necessary knowledge and skills that underpin the modern knowledge.”
Mr. William Coker, CEO of the West African Insurance Companies Association in his good will message said the event presented an opportunity to reflect and to take stock of activities and operations of the past twelve months in the life of the institution.
Remarks were also received from the Chairman of the Educational and Research Committee and General-Purpose Committee of CIIG, Dr. Gideon Amenyedor and Shaibu Ali.