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FMRE enhances reinsurance skills

Tuesday, February 17, 2015

FMRE Property & Casualty recently hosted a two-day stakeholder training forum that focused on agricultural insurance and effective claims management.

The objective of the training was to further capacitate the re-insurance market.

The training is part of an ongoing process of providing technical and practical expertise to insurers.

“Capacity building is a commitment FMRE has made to the local market, our stakeholders and to NBFIRA. At FMRE, we emphasise practical training as we believe this enhances and develops the range of one’s skills set” noted FMRE Property & Casualty Managing Director, Ian Tavonesa.

The training on agriculture insurance is an initiative by FMRE to align their strategic objectives to that of the government’s which call for diversifying the economy and reducing the country’s dependency on mining.

As a leader in the Southern and East African re-insurance landscapes,  Mr. Tavonesa says FMRE has embarked on expanding their agri-insurance expertise beyond their operational footprint in Southern Africa.

In 2014, FMRE hosted agri-insurance workshops in some North and West African countries.

Mr. Tavonesa further added that the company also recognises a need in the market for better assistance in managing claims which, he says, is a critical component in insurance.

“Our aim is to listen and address the market needs and we recognise that the industry sometimes lacks comprehensive knowledge on how to package suitable covers and distribution channels that are cost effective”, he noted.

“It is through endeavours such as these training forums that we hope to establish FMRE Property & Casualty as a formidable contributor to the re-insurance industry in Botswana that is committed to efficient service delivery and developing quality skills,” noted Farayi Mangwende, Group Marketing and Strategy Executive.