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Chuks Udo Okonta
The newly elected President of West African Insurance Companies Association (WAICA) Eddie Efekoha, has unveiled his vision aimed at repositioning the association.
Efekoha, who unveiled the vision in his acceptance speech as the 40th President of the association noted that he would during his tenure focused on there cardinal areas, which are: Ensure proper restructuring and staffing of the Secretariat; work with WAISA to harmonize policies and regulations within the subregion, and make WAICA a repository of information on insurance in West Africa.
He noted that to achieve the vision, the West African Insurance industry need to collectively and in unity, step up its actions by being the backbone of the various economies, provide the much required peace of mind for all stakeholders in these crucial times and create an enabling environment for industries and economies in
the sub-region.
“I promise solemnly that we will work hard to reinvent WAICA for more value addition.
“I will work closely with other stakeholders including the Regulators across the sub-region to give WAICA the required impetus and support to serve the insurance industries and the nations better.
“Together, from the chores of Gambia to Ghana to Liberia to Nigeria and to Sierra Leone, we shall work together to ensure that insurance takes its rightful place in the Anglophone West African States and will become the envy of all on how insurance should be practiced for profitability, in unity and with integrity, professionalism, hindsight and foresight,” he posited.
He stated that his election presents another opportunity for all stakeholders in the WAICA family to re-appraise the state of WAICA and chart a new course to strengthen the body for more far-reaching contributions to the socio-economic development of our subregion.
Efekoha submitted that during his tenure, he hopes to galvanize the collective knowledge, strength, and willpower of members
to build the WAICA of their dream and aspiration, whilst pledging to continue to uphold and promote the ideals of WAICA as they collectively strive to take the association to the next higher level by focusing more on areas that require improvement in order to actualize the desire to build a sound, efficient and financially stable WAICA capable of adding value to its members across West Africa.
