IGI boss, Fashola pledge to grow insurance as he becomes Regional body’s president

The umbrella body of insurance practitioners in the sub-region, the West African Insurance Companies Association (WAICA), has elected the Managing Director,Industrial And General Insurance Plc (IGI), Rotimi Fashola its president.

He succeeds Ivan Ayereyireh, a Ghanaian whose tenure just ended.

Fashola’s emergence was the highpoint of the association’s 38th Annual General Meeting and Education Conference held in Lagos, which attracted delegates from the various member-countries in the sub-region.

 In his acceptance speech, the IGI boss thanked delegates for entrusting him with the leadership of the association and promised to pursue WAICA’s primary responsibility of protecting the interest of its members and growing the business of insurance in the sub-region.

“The Executive under my leadership, with the support and cooperation of all members, shall embark on an intensive membership drive as part of effort to engender the relevance of our industry to the growth of our various nations,” he said.

According to him, efforts will be geared towards establishing local associations in member-countries, encouraging more French-speaking countries and other industry players, including reinsurance companies, loss adjusters, etc. to join WAICA, and initiating the process of erecting an office complex to be called ‘WAICA House.’

Among dignitaries that attended the conference were a representative of the Minister of Finance,  Kemi Adeosun, a founding father of WAICA, Prof. JO Irukwu, the Commissioner for Insurance, Alhaji Mohammed Kari, with his counterparts from other member countries, and eminent insurance practitioners from across the sub-region.