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· The African Reinsurance Corporation (Africa Re) announced the 6th African Insurance Awards, which had witnessed keen contests from 1,250 professionals
· Incidentally, 2020 edition of the awards was keenly contested
The African Reinsurance Corporation (Africa Re) announced the 6th African Insurance Awards, which had witnessed keen contests from 1,250 professionals. Incidentally, the 2020 edition of the awards was keenly contested.
Alpha Direct Insurance Company of Botswana won the Innovation of the Year award for developing an easy-to-understand ‘Insurance-in-a-box” product that makes it accessible to low -income groups to access vital insurance products and services.
The Mauritius Union Assurance (MUA Ltd) from Mauritius won The Insurance Company of the Year award in recognition of its strong and steady growth in the last three years, successful digitization of its services and client centric strategies.
PULA from Kenya won the InsurTech of the Year award. The insurance company developed a solution for smallholder farmers to easily access insurance and also for partnering with the World Food Program to insure 3.5 millions of farmers in 10 African countries.
The CEO of the Year award has gone to Mr. Valentine Ojumah, MD/CEO of FBN Insurance, Nigeria. He turned around FBN Insurance to be a top performer in terms of premium growth (3rd position in Life Insurance), profitability, shareholders’ funds and Return on Equity.
