The Vice-President, Dr Mahamudu Bawumia, will open the Annual General Meeting and Education Conference of the West African Insurance Companies Association (WAICA) on Thursday, May 5, 2022.

Being the Special Guest of Honour and keynote speaker at the event, which will take place at Labadi Beach Hotel, he is expected to speak on key areas of insurance in contemporary practice and the resilience with which the industry should be guided in its approaches in doing business.

On December 11, 2019, Dr Bawumia inaugurated the novel Motor Insurance Database (MID), which became one of the biggest game-changers in the insurance space in Africa after the software was rolled out in January 2020 by Ghana’s Insurance Regulator. 

It is trite that Dr Bawumia has been at the forefront of the government’s digitisation plan since January 2017, with visible successes across several sectors of the Ghanaian economy.

The Insurance Industry in Ghana, which is set to host the entire Anglophone Insurance Chieftains of the Association, promises to have participants brainstorm to learn, unlearn and relearn.

About 400 delegates from Ghana, Liberia, Sierra Leone, Nigeria and The Gambia are expected to attend the conference under the theme: ‘The New Normal – Fact or Fiction? How realistic in the practice and spread of Insurance in West Africa?’

Foreign delegates for the conference are expected to start arriving on Wednesday, May 4, 2022, and will be honoured with a welcome cocktail party under the auspices of the National Insurance Commission (NIC), Ghana.

In a statement by the Commissioner of Insurance, Dr Justice Ofori, he said following the easing of restrictions on movements due to the COVID-19 pandemic; it is expected that foreign participation will be overwhelming.

The Secretary-General and Chief Executive Officer of WAICA, Mr William Coker, hinted that the registration of participants has been encouraging.

The conference is also expected to cover relevant topics on contemporary insurance practice hinging around the conference’s theme.

Some of the speakers include Saye Gbalazeh, Managing Director of Activa International Company in Liberia, currently the President of WAICA, and Winfred Dodzih, the Secretary-General of the ECOWAS Brown Card Insurance Scheme.

Meanwhile, the Leader of Ghana’s Insurance regulatory body, Dr Justice Ofori, will make a statement from the supervisory and regulatory perspective and how the industry can work in tandem with changing trends.

The WAICA Governing Council and the West Africa Insurance Supervisors Association (WAISA) meetings will also be held.

Additionally, the WAICA AGM and West Africa Insurance Institute (WAII) Governing Council Meeting will occur before rounding off the conference with a closing dinner on Friday, May 6, 2022.

The event is strictly by invitation.