LOCAL INSURANCE FIRMS CHALLENGED ~ :: Habari Duniani

Tan-Re
Wilson Ndesanjo (Left) and Jean Razafimandimbly (Right)
The insurance landscape is bound to change, with more competition coming as the economies of the East African Community (EAC) members integrate, a prominent insurer has said.
This, according to the vice president, Tanzania National Re-Insurance Corporation Limited (Tan-Re), Mr Wilson Ndesanjo, means that Tanzania’s indemnity firms will have to keep their staff up to-date with skills that are required in the sector.

To achieve that, he said, insurance companies in the country will be required to provide regular trainings to their members of staff.
“These companies should continue to build capacity for their employees if they are to compete in the region,” he said during a ceremony to present certificates to participants to a three-day training workshop to several insurance workers in Dar es Salaam.

The training focused on indemnity for machines and buildings.
He told journalists that soon all East African countries including Kenya, Uganda, Rwanda, Burundi, Southern Sudan and Tanzania will be competing in a single free insurance market.
The training was offered by Tan-Re and Ivory Coast-based company, NCA-RE and attended by 50 workers from 25 local insurance companies. Trainers came from the United States of America and Ivory Coast.
Tan-Re is a regional reinsurance company providing a broad range of reinsurance products and services to clients in Africa.
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