(JollofNews) – President Adama Barrow of the Gambia has reiterated the need to sensitize Africans and Gambian in particular about the importance of insurance.
Speaking at a meeting with board members and commissioners of the West African Insurance Companies Association (WAICA) at his office in Fajara, Mr Barrow said insurers should cover everybody and everything as is the practice in developed countries.
Citing on the composition of the membership, the president said he was impressed with what he described as “an African family in solidarity.” He recalled how the Gambia benefited from such Africa solidarity during the political impasse after the 2016 Presidential elections.
Mr Barrow said the New Gambia welcomes all and creates a new environment for people to invest. He urged those in the insurance sector to invest in the Gambia.
He observed the cross-generational membership of WAICA as a demonstration of seriousness to encourage the young ones.
The president of WAICA, Rotimi Fashola, congratulated President Barrow and prayed for guidance in his engagements. He noted that WAICA came a long way and will continue to contribute to the insurance sector education.
Mr Fashola said WAICA league focus on insurance education to the grassroots to reach a large number of people to accept the insurance concept. He argued that the insurance sector contributes to employment creation and economic growth in the Gambia. It was also noted that the insurance regulators would work together to have laws that will guide the sector across the member countries.
In his introduction, the spokesperson of WAICA, William Coker, said the visit was part of the 39th anniversary celebration of their association and made an appealed for it to continue to benefit from government subvention.
The delegation of 16 members from Nigeria, Liberia, Sierra Leone, Ghana and the Gambia was accompanied by the Gambian minister of the Interior, Mai Ahmad Fatty, overseeing the Ministry of Finance and Economic Affairs.