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Mental wellbeing and reinsurance among the topics at this year’s African Insurance Exchange

23 June 2023 African Insurance Exchange
Damian McHugh

Damian McHugh

Wolfgang Wopperer

Wolfgang Wopperer

The 2023 African Insurance Exchange will take place from 24 to 26 July at Sun City and online. There are many exciting speakers and topics lined up. We spoke to a couple of the speakers to find out what they would be sharing at conference. Here’s what they told us:

Damian McHugh, Chief Marketing Officer at Momentum

The insurance conference brings industry experts together from all over the industry. We don’t only get to engage and collaborate with excellence in our specific fields but, perhaps more importantly, with other experts from other insurance categories. The face-to-face engagements are also worth a lot.

Our talk at the conference is on the topic of mental wellbeing. Health is the most important asset you have. It’s more important than your car, your house, your retirement funding or your investments. Therefore, protecting it is the most important decision you can ever make. Yes, buying a good healthcare plan is a sensible idea. But there’s much more to it than that.

For a long period of time our industry focused on physical wellbeing and how taking part of your physical body is important. There is no doubt that’s important. What we also need to understand is the importance of mental wellbeing. Mental illness claims are increasing rapidly, and we know stress, depression and mental anxiety can cause other conditions. We want to share some of the insights about why your health is your wealth and why your health is more than just physical activity.

Wolfgang Wopperer, Head of P&C Third Party Reinsurance: Europe, the Americas, Middle East and Africa at Allianz SE Reinsurance

The conference provides the opportunity to exchange experience and views. It’s a place where participants can learn from each other on the basis of their diverse backgrounds. It also increases the visibility of the importance of insurance and reinsurance, and allows us to develop new ideas that will enable the reinsurance industry to continue to play its role and fulfil its tasks now and in the future.

While the reinsurance market faces challenges, it has demonstrated resilience and adaptability over time. Overall, reinsurance contributes to the stability, resilience, and growth of the economy by managing risk, preserving capital, ensuring financial stability, and facilitating the availability of insurance coverage. As regards the management of catastrophic events, reinsurers continually assess and model catastrophe risks to manage their exposure and ensure their long-term sustainability in the face of such events.

These speakers and more will share their expertise with delegates at this year’s African Insurance Exchange. For more information or to book your spot, visit www.iisa.co.za.

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