President of the Women in Insurance Network of Ghana, Lena Adu-Kofi, is calling for collaboration by stakeholders in the insurance industry to develop products for young people to secure their future.

According to her, imbibing this drive in young people would help develop the insurance space in the long term.

She was speaking at the JoyBusiness/NIC Insurance Dialogue. The JoyBusiness/NIC Insurance Dialogue focused on pertinent issues hampering the growth of the insurance sector, challenges and ways through which key players in the industry could collaborate to address these bottlenecks and to grow the sector.

Over the years, stakeholders have bemoaned the low rate of insurance penetration in the country.

However, the President of the Women in Insurance Network of Ghana, said a major way to address this challenge is to develop insurance products for young people to secure their future.

“We are even looking at school children. Why are we not looking at developing products for kids, if you go to Ireland before you can sign up to go to school, you need to have insurance.”

“What the NHIS [National Health Insurance Scheme] has done is it has helped to bring all those SHS [Senior Health School] students on board, so we can use this NHIS as a basic foundation and keep on adding other products by way of education”, she said.

She also urged women to serve as gatekeepers and demystify the myth surrounding the insurance sector in the country.