By Favour Nnabugwu
MANAGING Director of Africa Reinsurance Corporation (Africa Re), Mr Corneille Karekezi has advised the continent’s insurance industry to leverage on the current technology revolution in order to remain relevant.
Speaking at the 25th annual conference of the Federation of Afro-Asian Insurers and Reinsurers in Bahrain recently, Karekezi said that the poor reputation of insurers continue to hold back the sector in the region.
He stated: “Though the global insurance industry is deriving a lot of pride in being the main recourse of people in difficult times, especially for events caused by accidents or natural catastrophes, the poor reputation attached to the industry, especially in Africa and other developing countries, still remains a big challenge.”
The Africa Re boss said one of the main reasons for this poor reputation is the consistent perception that…
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