West African Reinsurance Corporation Plc has said it remains committed to the development of human capital in the region.
The Managing Director of the firm, Mr. Abiola Ekundayo, said this during the fourth annual training programme of WAICA Re in Abeokuta, Ogun State.
?WAICA Re has made manpower development as one of its prime concerns for the insurance industry in Africa and beyond, hence our maiden edition of the training was held in Freetown, Sierra Leone, in 2012,? he said.
Participants from insurance companies in different parts of Africa participated in the training.
He said that relevant topics such as advanced market and claims international course were chosen and tailored along the needs of the insurance companies.
According to him, these topics are cogent and technical and many professionals are not handling them.
?The provision of technical and capacity building is at the centre of our activities and we lay high premium on this,? he said.
He said that it was the practice of the firm to rotate the programme by organising it in different countries.
Ekundayo recalled that WAICA Re was incorporated in Sierra Leone in March 2011, obtained its operating licence in July 29 and commenced operations in August same year.
The company, according to him, underwrites all classes of business in Africa and outside the continent such as special risks and life insurance.
He also said that the corporation enjoyed full diplomatic status in Sierra Leone.
He said the company is a sub-regional reinsurance company with the headquarters in Freetown, and other major contact offices in Accra, Ghana; Lagos; and Abidjan, Cote D?ivore.
The corporation, he said, is owned by five English speaking countries in West Africa, namely: Nigeria, Ghana, Sierra Leone, Liberia and The Gambia.