WAICA Reinsurance Corporation Plc (WAICA Re) has won Capital Finance International Company’s (CFI.co) award for insurance industry innovation in West Africa, the management of the organisation said.
According to the CFI.co Judging Panel, “Staff training is exemplary and WAICA Re makes good use of advanced modern technologies. We are pleased to confirm the award Most Innovative Reinsurance Team, West Africa, 2014”.
The Judging Panel added that the firm showed innovation by addressing the challenges of the market and responding intelligently and promptly to identified needs.
WAICA Re, established in March, 2011, seeks to develop a diversified insurance sector with a strong reinsurance capability in the sub region in order to help support financial and economic growth.
WAICA Re is owned by the West African Insurance Companies Association (WAICA) in Nigeria, Ghana, Liberia, The Gambia and Sierra Leone.
The company follows international best practice and is clearly concerned about good governance.
With offices in Freetown, Accra and Lagos, the organisation is very responsive to client needs and there is evidence here of strong and effective teamwork.
Source : Independent