Continental Re praised for continued support of West Africa insurance

Continental Re praised for continued support of West Africa insurance | Insurance Business Canada

Reinsurance

Continental Re praised for continued support of West Africa insurance

Reinsurer’s training sessions recognized for engaging about 1,700 professionals

Reinsurance

By
Kenneth Araullo

Insurance professionals in West Africa have acknowledged Continental Reinsurance’s ongoing commitment to capacity building through its continuous training programs in Anglophone countries.

The recognition came following a series of training sessions organized by Continental Re during the first half of 2024.

According to a report from the Nigerian Tribune, approximately 1,700 participants attended these training sessions, which covered a range of topics within both non-life and life insurance sectors, including treaty and facultative business.

The sessions addressed areas such as agriculture, reinsurance accounting, emerging risks, including banker’s blanket bond, oil and gas, engineering, credit life and mortgage protection, as well as fraud detection and prevention.

The training programs primarily benefited insurance professionals from Nigeria and Ghana. Participants expressed their appreciation for the program, noting the expertise of the trainers, the clarity of the explanations for complex concepts, and the practical tools provided for immediate application.

They also highlighted the interactive nature of the sessions, which facilitated engaging discussions and problem-solving, making the training relevant to their day-to-day operations.

Ogadi Onwuaduegbo, regional director for Anglophone West Africa, noted that Continental Reinsurance has been conducting these capacity-building initiatives throughout the first half of the year, starting in February.

He also emphasized that these efforts are aimed at supporting the development of insurance professionals in the region.

Onwuaduegbo added that this initiative is part of a longstanding tradition, with Continental Re consistently organizing such training sessions over the years to enhance the capabilities of local insurers. The training programs are set to continue in the second half of the year, further contributing to the expertise within the industry.

In other recent developments, Continental Re also reported its financial results for 2023, showing notable growth and strong performance across various metrics.

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