West African Insurance Companies Association (WAICA) Re has won CFI.co award for insurance industry innovation in West Africa.
CFI.co judging panel said the firm showed innovation by addressing the challenges of the market and responding intelligently and promptly to identified needs, WACA Re disclosed in a statement.
WAICA Re, established in March 2011, seeks to develop a diversified insurance sector with a strong reinsurance capability in the sub region in order to help support financial and economic growth.
It is owned by insurance companies in Ghana, Liberia, Nigeria, Gambia and Sierra Leone.
According to the statement, the company follows international best practice and is concerned about good governance.
READ ALSO: Nigeria gets closer to cheaper fuel, as 5,000bpd modular refinery takes off
With offices in Freetown, Accra and Lagos, it stated that WAICA Re is responsive to client needs and has strong and effective teamwork.
“Staff training is exemplary and WAICA Re makes good use of advanced modern technologies. We are pleased to confirm the award Most Innovative Reinsurance Team, West Africa, 2014,” it stated.
