The Organisation of Eastern and Southern African Insurers (OESAI) will later this month convene in Gaborone to hold its 37th annual conference for its general membership.
The conference, which will be held in Botswana for the first time will run from the 18th to the 20th of August, with more than 200 delegates from across the continent and beyond will be held under the theme “Overcoming barriers to enhancing regional capacity”.
OESAI is a regional member-based insurance organisation with its headquarters in Nairobi, Kenya. It was formed some 40 years ago by insurance companies in the region to foster best practice, promote regional capacity and create profitable pools amongst insurance companies in the region.
The conference is expected to explore ways that technology can enhance insurance penetration and capacity, climate change in Africa and the role that the insurance sector should play and how the sector can reposition itself to increase operational efficiency.
Other topics lined up for discussions include the economic benefits of a vibrant life insurance industry, professional development within the sector, reinsurance regulation and providing health insurance in Africa.
OESAI Secretary General Eunice Ndathi said the conference being the first time to be held in Botswana will benefit the country in many ways including attracting potential investors who might not have visited the country before. “We are opening eyes for many who are coming to participate,” she said.
The conference is regarded as an opportunity for local insurance companies to form partnerships with regional and international insurance companies that will be represented at the conference and therefore the conference will be a platform for Botswana-based companies who have interest in tapping into emerging markets to do so.
Lawrence Nazare, chairman of OESAI, said he was anticipating the number of participants at this year’s edition to go up looking at the attendance trends for the past years. “We have seen an increase in the number of delegates to our annual conferences and we anticipate that this year, more insurance executives will see the value in coming to Botswana,” Nazare highlighted.
Botswana possesses a solid reputation within the insurance sector in the region with the potential for further growth within and outside through partnerships, joint ventures and Greenfield projects in the region.
Meanwhile the Managing Director of Botswana Insurance Company (BIC) Dziki Nganunu, who is also the chairman of the Local Organising Committee (LOC), noted that the business networking opportunities that the conference will offer and the informative presentations will create real value for all the delegates who will attend.