Kindly leave a comment and share
Chuks Udo Okonta
The West African Insurance Companies Association (WAICA) and AM Best are set hold a webinar on stress testing in re/insurers to improve insurers’ responses to new and emerging risks.
The event would hold on Tuesday, September 17, 2024 and time: 09:00-10:00 GMT/UTC.
The public are implored to register as tress testing is considered vital for (re)insurance companies to assess their resilience to adverse scenarios and is an important factor in assessing their financial strength. A proactive approach can enable companies to avoid major losses and better understand their risk profile.
In this session, AM Best senior analysts will discuss how stress testing is considered within the insurance credit rating process and review common stress testing that is performed.
Topics include:
The importance of stress testing for re/insurance firms.
What analysts are paying close attention to when trying to determine a company’s financial strength and its resilience
The value of a proactive approach to risk.
Host: Davis Iyasere, Secretary General/CEO, WAICA
Speakers:
Tim Prince, director, analytics, AM Best
Ben Diaz-Clegg, associate director, analytics, AM Best
Bubacarr Jarju, managing director, Gambia National Insurance Company Ltd, president, WAICA.
About WAICA
WAICA Reinsurance Corporation Plc is a public limited liability company incorporated under the laws of Sierra Leone (Companies Act 2009) on 7th March 2011.
In the years following the creation of West African Insurance Companies Association (WAICA) in 1973, the founding fathers had the desire to establish a reinsurance organisation to help mitigate the effects of the lack of reinsurance capacity within the West African insurance industry.
To fulfill this ambition, the founding fathers considered it prudent to start off by creating a reinsurance pool which hopefully will someday metamorphose into a fully fledged reinsurance corporation. Today, the WAICA Reinsurance Pool has turned into WAICA Reinsurance Corporation Plc, a dream come true.
The main objective of the company is to provide reinsurance services to the insurance sector in West Africa and other regions. In broad terms, the objectives of the company include:
1. To effectively and efficiently manage the business of reinsurance, primarily though not exclusively, across the sub region;
2. To achieve excellence in our management systems and standards by employing best practices through an efficient and responsive management and an empowered and highly motivated work force;
3. To create enhanced value for our shareholders and other stakeholders.
For more information,please contact us:
Email: waicareinsurance@waicare.com
Website: https://www.waicare.com
Telephone: 00232-76-309-093
00232-76-991-205
About AM Best
AM Best is the leading specialist insurer rating agency publishing ratings on re/insurance companies in more than 100 countries worldwide and a provider of industry research, news and analysis on the insurance markets around the globe.
