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OESAI to host first insurance conference in Botswana

LOC Member Mr Leo Huvaya and OESAI Secretary General Eunice NdathiIn the next few weeks the 37th annual Organisation of Eastern and Southern Africa Insurers (OESAI) conference will be held in Botswana for the first time in its history.

The conference, which is themed, “Overcoming Barriers to Enhancing regional Capacity in the Insurance Industry,” will attract over 130 delegates from over 25 countries, including potential insurance investors, decision makers, and high level delegates from Eastern and Southern Africa to Gaborone in mid-August.

During the press conference held at Botswana Insurance Company this week, the OESAI Secretary General Mrs. Eunice Ndathi revealed that the conference will greatly benefit the country: “This will be an opportunity for Botswana to benefit from potential clients from all parts of the world who have registered and create foreign exchange. This will also be an open door for investors to see the potential in the country.”

Ndathi explained that key topics to be discussed at the conference, among others, include The role of insurance in African climate change, provision of health insurance in Africa, as well as the role of technology in enhancing insurance penetration in the region. She said that climate change poses a challenge as it has contributed to the emergence of many diseases, which is a risk that is likely to affect the industry and research is needed on how the insurance industry will intervene to deal with climate change as well as to partner with relevant stakeholders.

“We are opening an eye to the insurance industry. This is a good opportunity for insurance companies here to interact and network with other companies from outside to build relationships. Some of the markets are a bit ahead and they will be able to assist and open an eye to our market.”Ndathi noted.

“The conference is a forthcoming approach for Botswana to mature,” said the Botswana Insurance Company Strategy Development and Marketing Manager Mrs. Komissa Burzlaff. “Other countries already have colleges [of insurance]. We are expecting to have one. Perhaps we can develop an insurance hub in future. Investors will get the opportunity to come, not only for money, but also for opportunities for agriculture” Burzlaff concluded.

OESAI is a leading member-based insurance organisation, providing a platform for sharing best practice, networking, product development, learning and lobbying for the interests of insurance companies across the region.

Envisioned to promote insurance business, OESAI has two main objectives: to create a platform where insurance practitioners can be able to share ideas to enhance the insurance market and to create an environment whereby skills can be developed and emerging risks can be researched and managed.

© 2014, Boidus. All rights reserved.

Discussion

One Response to “OESAI to host first insurance conference in Botswana”

  1. This is an exciting opportunity for the insurance sector and will benefit the Botswana market.

    Posted by Tsholofelo Pule | 01. Aug, 2014, 2:51 pm

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