Assumption of duty for Mr. Nali Larbi as Regional Director, Africa Re, Casablanca Office

Transcription

1 News 13th Edition His Excellency Adama Barrow, President of The Gambia, receives WAICA Governing Council Assumption of duty for Mr. Nali Larbi as Regional Director, Africa Re, Casablanca Office Digital Technology to Develop Insurance in Emerging Markets _4th Casablanca Insurance Rendez-Vous English

2 Contents 03. Assumption of duty for Mr. Nali Larbi as Regional Director, Africa Re, Casablanca Office 1 Insurance Quote Africa Re - November 4-5 Winners Logo Change: New Logo Ma Edition iden Africa Re - 3 Director s Message Re And Between Africa Partnership Insurance Facility llo s Impact Awards African Insurance African Insurance by Africa Re 2015 in Tunisia Logo Unveils new by e Awards African Insuranc Group Managing English Contents NEWS 9th Edition The AGM in lation Directory Regu Unveiling of Africa Re s Accra, Ghana e Reinsurance Africa Re: Th Awards 2015 year M & A Malawi-Training: Firm of the Reinsurance May ategic Str South Africa-Training: anning Sales Pl Marketing and Non Life - Training: South Africa Seminar: Reinsurance Profile of Mr. Larbi Nali Nigeria-Seminar: Reinsurance for nting: Technical Accou Diomande Tests every man should signs not to Africa Re House Kotun Street, Karimu Plot 1679, Victoria Island PMB Lagos, Nigeria m Digital Technology to Develop Insurance in Emerging Markets _4th Casablanca Insurance Rendez-Vous 09. His Excellency Adama Barrow, President of The Gambia, receives WAICA Governing Council 2 take be ignored vehicle engine wreckers

3 Assumption of duty for Mr. Nali Larbi as Regional Director, Africa Re, Casablanca Office Mr. Mohamed Larbi NALI was officially installed as Regional Director, Africa Re, for the Maghreb region on Monday 17 April The assumption of service ceremony was chaired by the Managing Director of Africa Re Group, Mr. Corneille KAREKEZI, during a cocktail at Hyatt Regency Hotel in Casablanca. Mr Corneille Karekezi (centre), Mr Larbi Nali (left), Incoming Regional Director and Mr Mohamed Belaziz (right), Outgoing Regional Director Mr. NALI, after expressing gratitude to Africa Re for the trust and honour placed on him by appointing him, seized the opportunity to thank all the Chairmen, Managing Directors and the entire professionals of the insurance sector for their massive presence at the Cocktail. It is an act of friendship and consideration which he "considers at its just value Mr. Corneille KAREKEZI seized the opportunity to express his gratitude to Moroccan insurers and reinsurers for the constant support they have always given to Africa Re, "which is also your institution since Morocco was one of the most active members during the establishment of our Group and which is perfectly illustrated by the presence of most Moroccan economic operators in the Corporation's capital, as historic shareholders and who remain more strategic for the Group''. "Within this framework, it would be great pleasure for me to further strengthen our already close business ties and contribute together for the development of insurance and reinsurance in our markets" Mr NALI stated in his inaugural address. The Managing Director of Africa Re assured the Moroccan market of the Group's ambition to "strengthen its continental leadership by further strengthening the quality of its products and services through innovative and appropriate solutions, in particular for the Moroccan future life. 3

4 Mr Corneille Karekezi, GMD/CEO Africa Re during his Presentation. Professionals of the Moroccan insurance market present at the ceremony 4

5 PROFILE OF MR. LARBI NALI Mr Mohamed Larbi NALI joined Africa Re in July His entire career has been spent in insurance and reinsurance. He started his career in 1993 as Director of the Life Department in Société Centrale de Réassurance (SCR). Between 1997 and 2012, he successively held many positions namely, Director of the Actuarial Department, Deputy Director in charge of Markets and Technical Division. In 2012, he was appointed Managing Director of Société Centrale de Réassurance (SCR). He is the founder of the Moroccan Association of Actuaries and was its Chairman between 2010 and He was also the Chairman of the African Centre for Catastrophe Risks (ACCR), ViceChairman of the African Insurance Organisation (AIO) and Vice-Chairman of the General Arab Insurance Federation (GAIF). He holds a Postgraduate degree in Mathematics from the Catholic University of Louvain in Belgium and also a Maîtrise in Actuarial Sciences from the Business School of the Catholic University of Louvain in Belgium.. 5

6 Digital Technology to Develop Insurance in Emerging Markets _4th Casablanca Insurance Rendez-Vous The 4th Casablanca Insurance Rendez-Vous was held from 19 to 20 April 2017 under the theme "Reinventing the Customer Experience in the Digital Era." One of the main lessons learnt from this year's event is the awareness of the significant changes made by digital technology in insurance and the future impact of these changes in the industry. th During this 4 Rendez-Vous, Mr Corneille KAREKEZI, Managing Director of the African Reinsurance Corporation (Africa Re) chaired the panel entitled ''Digital Technology to Develop Insurance in Emerging Markets." The panellists were eminent insurance professionals namely, Mr. Recaredo ARIAS, Director General of AMIS (Association of Insurance Companies of Mexico), Mr. Jad ARISS, Managing Director of AXA Middle East and Africa and Mr Xavier LARNAUDIE-EIFFEL, Deputy Managing Director of CNP Insurance (Brazil). Mr Corneille KAREKEZI highlighted that the theme "Reinventing the Customer Experience in the Digital Era" is a hot topic as all stakeholders in the industry are grappling with the "digitalization" of their working lives and the transformation of the industry. The exchange of experience in the panel confirmed that the insurance industry has a lot to gain from "digitalisation" in terms of growth opportunities, possibilities of accomplishing more, historic opportunities to better serve and protect the core business. Mr Corneille Karekezi, Chairman of the Panel 6

7 According to Mr. Corneille KAREKEZI, digitalisation will enable insurers to transform their modes and methods of service to customers, distribution and product development. The benefits will be as follows: fine-tuned data gathering and analysis, online and real time risk management, more efficient risk prevention, etc. Digitalization will also strengthen robotisation and ' disruption. '' Digitalization will even impact job orientation in the industry as confirmed by Mr Recaredo ARIAS and Mr Jad ARISS who pointed out that insurance companies would increasingly resort to IT staff, programmers / developers, encoders, analysts, sociologists, psychologists, bloggers, social media experts, etc. The financial capacity of insurers and fair and cost effective pricing for policyholders remain the fundamental criteria in choosing insurance products and the insurer. However, service during underwriting and compensation will always be decisive and it is especially at this point that digital revolution is felt and will be felt in the years to come. Cross section of participants 7

8 Mr Corneille Karekezi together with the Panellists reaching changes in which the survivors are those who can understand the customer who is increasingly younger, mobile, digitalized and informed." In addition, Mr. Corneille KAREKEZI pointed out that digitalisation also has a significant financial impact, implying new challenges. For the past three years, Africa Re for example, has experienced increased operating expenses due to a large extent to information technology. IT expenses far exceed staff expenses, which have stagnated. The panel discussions ended with a harsh observation: in the next 5 to 7 years, the insurance industry will undergo more significant changes than in the past 100 years. In his closing remarks, Mr Corneille KAREKEZI made a wake-up call regarding the digitalization challenge, ' in the context where, compared to the other sectors of the economy, insurers and reinsurers are the least prepared to grapple with the advent of digital technology." The MD of Africa Re Group urged insurers and reinsurers to adopt the digitalization of the industry "by selectively ignoring the past and conservatism, optimizing the present by making maximum use of digital technology and creating the future to maintain and reaffirm their importance to humanity and the economies of their countries." According to Mr. Jad ARISS, this future will be made of "far 8

9 His Excellency Adama Barrow, President of The Gambia, receives WAICA Governing Council H.E. President Adama Barrow with Mrs. Funmi Omokhodion, Deputy Regional Director, Anglophone West Africa, Africa Re However, the President expressed dissatisfaction with the low insurance penetration rate in Africa and volunteered to be part of any initiative to reverse the trend in the continent. The West Africa Insurance Companies Association (WAICA) held its 2017 Educational Conference in Serekunda, The Gambia, on 23 April The Governing Council of the Association used the opportunity to pay a courtesy visit to the President of The Gambia, His Excellency Adama Barrow, on 24 April 2017 in Banjul, capital of The Gambia. While receiving the WAICA delegation, H.E. Adama Barrow expressed sincere admiration of the Association's contribution to economic integration in West Africa through insurance. According to him, this is in line with the idea that Africans are in the best position to find solutions to African problems. Furthermore, he emphasised the important role insurance plays in the economy of a nation by citing the example of European countries where "even a remote control of a television is insured. Group photo of H.E. President Adama Barrow with the WAICA Governing Council 9

10 Artistic Direction:- Africa Re House Plot 1679, Karimu Kotun Street Victoria Island PMB Lagos, Nigeria