"Insurance Is All About Trust "- Says CBG First Deputy Governor

Dawda Sarge 

The West African Insurance Companies Association (WAICA) a regional association of insurance companies and institutions in English West Africa, is holding its 34th Annual General meeting.

The meeting dubbed "Professional and Ethical Behaviour in the Insurance Industry" and is taking place from 15th to 17 th April, 2012 at the Kariaba Beach Hotel and the meetings is been hosted by the Insurance Association of the Gambia (IAG).

WAICA was founded in 1973 by five English speaking countries of West Africa – The Gambia, Sierra Leone, Liberia, Ghana and Nigeria. The meeting brought together about 200 insurance practitioners.

Reading a prepared statement on behalf of the Minister of Finance and Economic Affairs, Mr. Basirou Njie deputy first governor Central Bank of the Gambia (CBG) said that the theme of the conference "Professional and Ethical Behaviour in the Insurance Industry" is indeed apt adding that insurance is all about trust.

According to him, the customer places his or her trust in a company and expects that it will deliver upon its promises at the agreed time or event.