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Insurance sector to mull ideas on how innovation can grow African market

28 February 2018Thokozile Mahlangu, IISA
Thokozile Mahlangu, chief executive of IISA.

Thokozile Mahlangu, chief executive of IISA.

More than 1 300 delegates from around the world are expected to attend the 2018 insurance conference to be held at Sun City from 29 July to 1 August, says Thokozile Mahlangu, chief executive of the Insurance Institute of South Africa (IISA).

The conference is organized by IISA in partnership with the Financial Intermediaries Association (FIA) and the South African Insurance Association (SAIA).

Mahlangu says the conference will focus on the African insurance market, as well as areas such as market penetration, the unique challenges that insurance companies face when operating in the African continent and ideas on how to take the African market to greater heights through innovation, technology, transformation and skills development.

The delegates will come from the breadth and depth of the insurance industry, including leaders in insurance, reinsurance, insurance broking, risk management, insurance regulatory bodies, insurance skills development and service providers to the industry.

More than 20 countries will be represented, including Germany, Mauritius, Mozambique, Namibia, Nigeria, Somalia, South Georgia, Switzerland, United Kingdom, United States of America, Zambia and Zimbabwe.

Mahlangu says the conference will also provide a platform for insurance service providers to showcase their products and services through exhibitions.

“More than 50 exhibitors are expected at this year’s conference, which is a huge value-add for attendees and exhibitors alike,” concludes Mahlangu.

Quick Polls

QUESTION

Fraudsters are developing relationships with people who work within insurers. These people become sources of inside information into the insurers business. Is enough being done to identify this as a legitimate threat?

ANSWER

Yes, insurers are well aware of the threat and are addressing it
No, this is a new trend that needs to be looked at
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