Capacity building: West African insurers laud Continental Re

WEST Africa insurance practitioners have lauded Continental Reinsurance’s commitment to capacity building via continuous training programmes in Anglophone countries.

The applause was given after a series of training sessions organised by Continental Re during the first half (H1) of 2024.

About 1,700 participants attended the training programmes, which covered various topics within the non-life and life insurance classes for both treaty and facultative business.

These included areas like agriculture, reinsurance accounting, emerging risks (including banker’s blanket bond), oil and gas, engineering, credit life and mortgage protection and fraud detection and prevention, among other topics.

Beneficiaries of the training, who were primarily insurance professionals from Nigeria and Ghana, expressed satisfaction with the programme and commended the expertise of the trainers, the clarity with which complex concepts were explained and the practical tools and techniques provided for immediate implementation.

Moreover, they praised the interactive nature of the sessions, which allowed for engaging discussions and problem-solving, as real-world examples and comprehensive materials made the training highly relevant and beneficial for day-to-day operations.

Regional Director for Anglophone West Africa, Mr Ogadi Onwuaduegbo, said: “Continental Reinsurance has been conducting these capacity-building initiatives throughout the H1 of the year, beginning in February and these efforts are designed to support the growth of insurance professionals in the region.

“Importantly, this is not a new initiative. We have consistently organised these training sessions over the years, reinforcing our long-term commitment to enhancing the capabilities of local insurers. The training sessions will continue in the second half of the year, further increasing the expertise within the industry.”

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