WAICA President Promises to Transform Anglophone W’African Insurance Market

Ebere Nwoji

New President of the West Africa Insurance Companies Association (WAICA), Mr Eddie Efekoha has said that he would use his new office to make the insurance industry of Anglophone West African States the envy of other insurance markets in terms of how insurance should be practiced for profitability, unity and integrity.

Efekoha stated this during his acceptance speech as the 40th president of WAICA at the WAICA’s 2023 Education conference held in  Eko Hotel Victoria island Lagos.

Efekoha said during his tenure,professionalism, hindsight and foresight will be the watch word in the sub-regional organisation.

He thank all members of WAICA and stake holders for the rare opportunity and said that his immediate task would be to ensure proper restructuring and staffing of the Secretariat! work with the West Africa Insurance Supervisors Association(WAISA) to harmonise policies and regulations within the subregion, and make WAICA a repository of information on insurance in West Africa.

“To achieve this, 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”, he said.

Efekoha said his administration would 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.