Continental Re, Ghana Re to intensify insurance training in sub-region.

1 November, 2019

The Chief Operating Officer of Continental Reinsurance Company in charge of Anglophone West Africa, Shola Ajibade has pledged to strengthen the mutual co-operation that exist between his outfit and Ghana Re.

The two reinsurers made the pledge at a training programme held at the Volta Serene Hotel, Ho from 1st -7th Septemeber 2019. The event was the fourth in a series of international annual trainings being held by the two reinsurance companies since 2016.

According to him, insurance companies, reinsurance brokers should endeavour to send their staff for regular training programmes in order to make them acquire practical knowledge.

He also pointed out that Continental Re has opened offices in most of the regions of Africa including Cameroon to cater for the Francophone countries in the Central Africa likewise Ghana Re.

Furthermore, offices have also been established in Kenya for the East African bloc to service insurers in that part of the continent and Southern Africa. He added that the two companies were committed to giving practical training to insurance and brokerage companies operating in the Anglophone West Africa.

In all, about 59 insurance and brokerage professionals accross the sub region attended the joint seminar on reinsurance pricing. The participants came from Ghana, Nigeria and Botswana and Sierra Leone.

The resource persons were from Ghana and Nigeria. They include Jonathan Kwame Kwakye, Kwaku Appietu-Ankrah both from Ghana Re, with Shola Ajibade and Gbolahan Toru of Continental Re from Nigeria.

The participants were taken through introduction to reinsurance, global strength on pricing of reinsurance programme (facultative), design of reinsurance programme (non-proportional).

These topics were handled on day one by Jonathan Kwame Kwakye, Shola Ajibade and Kwaku Appietu-Ankrah. The second day brought in Kwaku Appietu-Ankrah, Shola Ajibade and Gbolahan Toru.

Whist reinsurance data mechanism (data analysis) pricing of reinsurance programme non-proportional came up on the third day with Gbolahan Toru and Jonathan Kwame Kwakye handling contract documentation (operative clause) and contract documentation (accounting clause) on the last day. The event was then climaxed with an excursion to Wli waterfalls and monkey sanctuary on Friday.

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