FMRE Property and Casualty (FMRE) this week kick-starts a two-day market training session for various players within the local insurance and reinsurance industry.
The training will focus on the following specialist lines Professional Indemnity, Directors and Officers Liability and Medical Malpractice.
The training is held in conjunction with Tanzania National Reinsurance Company (TanRe). TanRe brings experiences from the East African Market where it is based while FMRE has a wealth of exposure from the Southern African market.
The two seasoned reinsurers bring expertise and fusion of ideas that will be of great benefit to the local market.
“The basis for this year’s training is due to the fact that the specialist lines market is still evolving in Africa though it is more common in the developed world. With globalisation, these covers are now pertinent since information, services and labour no longer know any boundaries and we need to be operating at the same level in Africa,” says Managing
Director for FMRE P&C, Ian Taonesa.
“As a company, we strive to bring up subjects that are topical and relevant to the market and have been holding trainings in countries such as Uganda, Tanzania, Zimbabwe and Botswana since 2008. As per the request in these particular markets, the trainings focussed on micro-insurance, agriculture, Contractors All Risks, Marine and Claims Handling. Likewise, this training has been made relevant to the Botswana market and its needs.”
FMRE P&C, according to the company’s Botswana Principal Officer Samuel Rimai, is a continental player and is guided by its vision of becoming a dominant provider of reinsurance services across Africa.
“It is the company’s prerogative to assist in the development of the markets in which it operates. This comes from the realisation that knowledge is potential power. By conducting regular and focused training, the company will aid intellectual capital development and catalyse insurance growth in its various markets in Africa.”