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Insurers start meeting in Mangochi today

KALIZANG’OMA—Theme is in line with market global developments

The country’s top insurers start meeting in the lakeshore district of Mangochi today for the 2019 Insurance Institute of Malawi annual conference.

The conference comes at a time growth of the industry remains subdued with penetration seen at around 1.4 percent.

It also comes at a time the country has seen a significant jump in pension funds under management following the enactment of the 2010 Pensions Act.

Chairperson of the organising committee of the conference, Sunganani Kalizang’oma, said yesterday this year’s conference would be held under the theme ‘Leading at The Edge: The Future- Ready Insurer’.

Kalizang’oma said the theme was in line with market developments globally.

“One significant aspect is in technology and the use of data. So, the conference is aimed at discussing issues insurers need to be aware of if they are going to remain relevant in this highly dynamic market.

“The topics which will be discussed will include big data, technology disruptions in the insurance industry, microinsurance and other pertinent topics,” Kalizang’oma said.

Veteran insurer Chris Kapanga, who served as Old Mutual Malawi and Old Mutual Ghana managing director, is expected to be the guest of honour at the conference

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