The West African Insurance Companies Association (WAICA) has tasked insurance companies within the West African region to review their target market by investing in research and increasing the pace of innovation.
This, it said, is necessary to survive and exceed expectations in the new world created by coronavirus pandemic.
In a communique issued at the end of its 2022 Annual General Meeting (AGM) and Education Conference themed ‘The New Normal; Fact or Fiction-How Realistic In The Practice And Spread of Insurance In West Africa?’ in Accra, Ghana recently, it urged WAICA members to recognise and uphold the value of good corporate governance standards whilst focusing on working conditions of staff as well as building resilience and equity..