Continental Reinsurance’s commitment to capacity building in West Africa has been lauded by insurance professionals across the region, particularly for its extensive training programs in Anglophone countries.
This recognition follows a series of training sessions conducted by Continental Re during the first half of 2024. According to a report by the Nigerian Tribune, these sessions attracted nearly 1,700 participants, covering diverse topics in both non-life and life insurance sectors, including treaty and facultative business.
The training sessions addressed critical areas such as agriculture insurance, reinsurance accounting, and emerging risks. These risks included banker’s blanket bond, oil and gas, engineering, credit life and mortgage protection, as well as fraud detection and prevention.
Insurance professionals from Nigeria and Ghana were the primary beneficiaries of these programs. Participants praised the initiative, citing the trainers’ expertise, the clear explanations of complex concepts, and the practical tools provided for immediate application in their work.
The interactive nature of the sessions was also highlighted, as it encouraged engaging discussions and collaborative problem-solving, ensuring the training was directly relevant to the participants’ daily operations.
Ogadi Onwuaduegbo, Regional Director for Anglophone West Africa, noted that Continental Reinsurance has been actively involved in these capacity-building efforts throughout the first half of the year, beginning in February. He emphasized that these initiatives are part of the company’s ongoing commitment to the development of insurance professionals in the region.
Onwuaduegbo also pointed out that this tradition of training is long-standing, with Continental Re consistently organizing such sessions over the years to strengthen the skills of local insurers. The company plans to continue these programs into the second half of the year, further contributing to the industry’s expertise.
In addition to its training initiatives, Continental Re recently announced its financial results for 2023, which showed significant growth and strong performance across various metrics.
