Ghana Competing To Host Inclusive Insurance for 2021
Ghana and Rwanda are competing for the bid to host the 17th edition of the International Conference on Inclusive Insurance for 2021.
As Africa prepares to host the conference which is coordinated by the Munich Re Foundation, Ghana has set up an eight-member Local Organising Committee (LOC) to work assiduously to win this bid.
In ensuring that Ghana wins the bid, the committee is comprised of key players in the insurance industry.
They were selected from the Regulatory Body, National Insurance Commission (NIC), Ghana Insurers Association (GIA) and the Insurance Brokers Association of Ghana (IBAG).
The committee is also led by professionals like Kofi Andoh, Deputy Commissioner-NIC; and others like Fiifi Simpson, Managing Director-GN Life; and Kofi Ampaw, Managing Director-Alpha Insurance Brokers.
Meetings have been held to deliberate on a venue for the conference and a final decision is expected by close of the month.
According to coordinators, selection of a suitable venue with excellent infrastructure and meeting deadline by September 15, 2021 will contribute immensely in winning the bid. The coordinators’ selection will also be based on quality of services and facilities available, balanced against the cost.
The venue and hotels selected should accommodate the International Conference on Inclusive Insurance, and in addition have sufficient extra room for the conference office, press conference, side meetings; and provide enough space for a minimum of 15 exhibition booths and tables, in addition to offering approximately 150 – 200 hotel rooms as a call-in contingency – meaning that participants book and pay for accommodation themselves.
How will this affect Ghana’s Insurance Industry?
Inclusive Insurance is the new name for Micro Insurance, which is mostly sold to informal sector operatives.
Ghana’s insurance industry will gain recognition and be seen as reliable if they are able to win the bid.