Challenges for Insurance Companies in West Africa

first_imgThe West African Insurance Companies Association has just ended its 36th Annual General Meeting and Education Conference, held at the Monrovia City Hall.Held under the theme “Modern Technological Advances and the Development of the Insurance Industry in Liberia,” the meeting, in a communiqué, focused its attention on the development and effective use of modern technology to facilitate business transactions.  The delegates urged governments as well as insurance companies themselves to make greater use of modern technology not only to improve business transactions, but also to bring customers up to date in interfacing with their insurance companies.The delegates, who hailed from Ghana, Liberia, Nigeria, Sierra Leone and The Gambia, also pledged to encourage product innovation provided by modern technology.The Deputy Governor of the Central Bank of Liberia, Boima Kamara, gave the insurers some good news when he told them that the Liberian government had made it mandatory that all motor vehicles should be insured.  This should boost the insurance trade.  But it also places tremendous pressure upon insurers to enhance their reinsurance capacity.One thing we had hoped the insurers meeting in Monrovia would have done was to address the issue of investments.  This, we believe, is a major challenge for Africa’s insurance companies.  It is a known fact that these companies make a lot of money.  But what do they do with it?It is to his credit that one of the newest insurance outfits in Liberia, the Atlantic Life and General Insurance Company, seems to be the only insurance company that has built a big building–a two-story structure in Congotown,  Monrovia.The company that Urey grew out of, American Life, ran a robust business in Liberia in 1970s, 80s and early 90s.  But they did not put down even a kitchen in Liberia they could call their own.  They were always leasing from somebody.Neither did the Insurance Company of Africa, which was linked to the International Trust Company (ITC), now International Bank (IB). Liberian law states that insurance companies should invest 50 percent of their profits in Liberia.  But one insurance insider, now retired, who worked many years for American Life, revealed to the Daily Observer that his company, like most of the insurance establishments, spent sizeable amounts on overheads, to the extent that they always declared losses, so they invested nothing in Liberia.Today, there are many insurance companies in Liberia, and many of them are Liberian-owned.  We believe that many of the companies represented in this week’s meeting from English-speaking West Africa are also locally-owned.We urge all of them to pursue local investment portfolios.  This is how they can contribute to the development of their countries.  That is how insurance companies in other parts of the world, particularly the West, have contributed to national development.African insurance companies, Liberian ones in particular, should start doing the same thing.  As we strive to shake off the shackles of war and strive to forge ahead in national development, Liberia has many, many challenges that call for serious investments.The field of tourism is one.  Insurance companies should venture into that avenue and start investing in hotels and resorts along our vast coastline and, in the process, make some money.We believe American Life and the other foreign insurance companies were shortsighted in their failure to invest in Liberia, and may very well have been part of the problem that contributed to the instability that led us to war.Let all of us in the business community not make that mistake again. Let us invest locally and help move our country forward.  This much we owe to Liberia and to West Africa.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

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Rebirth for Notre Dame star

first_img Brooks is starting anew after transferring last summer to Notre Dame of Sherman Oaks, hoping to embark on another title run with the Knights, ranked No. 6 by the Daily News. “Coming to Notre Dame,” he said, “was the best decision I’ve ever made in my life.” Pierce Brooks has seen plenty in two years of high school basketball, more than most experience in a four-year career. There have been highs – a City Section championship with Taft of Woodland Hills as a freshman in 2004 – and lows, as when he failed to meet lofty expectations last season when he was a sophomore with the Toreadors. AD Quality Auto 360p 720p 1080p Top articles1/5READ MORECoach Doc Rivers a “fan” from way back of Jazz’s Jordan Clarkson But Brooks will readily admit he was part of something special at Taft. Playing on the same court with Jordan Farmar, a McDonald’s All-American who has gone on to become UCLA’s starting point guard, was an invaluable experience. Brooks, Matt Cooke, Calvin Haynes and Jabarri Samuel were role players who worked often in Farmar’s shadow, but their roles were critical for the Toreadors, who became the first San Fernando Valley team to win a City Section title since 1964. Farmar graduated, leaving Brooks behind to shoulder the offensive burden. The pressure was immense at times, and Brooks was unable to match the hype, struggling to be the superstar many outsiders envisioned him to be. “We tried to give him the opportunity, and he wasn’t ready,” Taft coach Derrick Taylor said. “Our style wasn’t conducive for him. Notre Dame is a better fit. “He looks very comfortable there. That’s all that matters. We root for Pierce. We want him to have success in the worst way.” center_img Things appear to be heading in the right direction. Notre Dame (9-4) has put together a seven-game winning streak and captured the San Fernando Valley Tournament title in mid-December. Brooks scored a game-high 16 points in the 48-47 championship-game victory over Oak Park and was selected the tournament’s Most Valuable Player. “Basketball is fun again,” Brooks said. The 6-foot-7 small forward is shooting 50 percent from the field and averaging 16.3 points, 6.5 rebounds, 2.4 assists, 2.2 blocks and 1.3 steals per game heading into tonight’s Mission League opener against Loyola of Los Angeles. “Honestly, having Pierce here has been huge for us already,” Notre Dame coach Bill Bedgood said. “He’s made a good name for himself in the basketball community. He brings some legitimacy to this program. “This is his breakout year. He’s as versatile as they come and can play every position on the floor. The sky is the limit. Sometimes a player just needs a fresh start.” Brooks has received recruiting interest from Arizona, California, Oregon and Iowa State, but he isn’t planning to make a decision anytime soon. He’s got other, more pressing goals – and two years to fulfill them. “My teammates always want to see my championship ring,” Brooks said. “They want to experience what it’s like to win one. We can do it here. Winning one is a possibility.” Sean Ceglinsky, (818) 713-3607 sean.ceglinsky@dailynews.com 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

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ICARE announce date for run in memory of Callum

first_imgICARE (Inishowen Children’s Autism Related Education) are hosting a 5K in memory of Callum Dale on Saturday the 8th of April at 11am.13 year old Callum Dale, who had Asperger’s Syndrome, died in tragic circumstances in Buncrana in 2014.More than 300 people turned out at last year’s inaugural annual run in memory of Callum, Entries will be registered on the day at ICARE Centre, Ballymacarry, Buncrana from 9am.Participants will start and finish their run at the ICARE Centre Ballymacarry. ICARE was set up in 2000 to provide support, training and information to families living in the Inishowen area. Their vision is “to improve the quality of life of individuals with autism and their families throughout their lives.” For more information call 086 860 2033 or email pro@icare.ieYou can also check out their Facebook page.ICARE announce date for run in memory of Callum was last modified: February 25th, 2017 by Elaine McCalligShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Callum DaleiCAREInishowenRunlast_img read more

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Will Sancho, Mount or Maddison start? Predicted England XI for Croatia clash

first_imgEngland visit Croatia on Friday evening to take on their World Cup vanquishers, with radio commentary of the match LIVE on talkSPORT.Zlatko Dalic’s side got the best of the Three Lions on that summer night in Moscow, with Mario Mandzukic netting the winner after Ivan Perisic had cancelled out Kieran Trippier’s early opener. 2 Every time Ally McCoist lost it on air in 2019, including funny XI reactions SORRY latest How Everton could look in January under Ancelotti with new signings gameday cracker Boxing Day fixtures: All nine Premier League games live on talkSPORT Green reveals how he confronted Sarri after Chelsea’s 6-0 defeat at Man City Liverpool news live: Klopp reveals when Minamino will play and issues injury update predicted Most read on talkSPORT.com Some worries have been raised in the week since Southgate named his squad, with Alex McCarthy, Luke Shaw and Danny Rose pulling out ahead of Friday’s clashLeicester’s Ben Chilwell was called up to replace Shaw, and is almost guaranteed to win his second England cap against Croatia.But who will join Chilwell in Southgate’s XI vs Croatia? talkSPORT.com‘s predicted England line-up for Friday’s clash can be seen below… revealed Mandzukic struck the decisive blow to end England’s World Cup dream center_img Predicted line-up: Pickford; Trippier, Gomez, Stones, Maguire, Chilwell; Henderson; Sterling, Barkley; Rashford, Kane LATEST Arsenal transfer news LIVE: Ndidi bid, targets named, Ozil is ‘skiving little git’ Sky Sports presenter apologises for remarks made during Neville’s racism discussion changes tense The two sides meet for the first time since that July clash on Friday night, with both hoping to win their first points in UEFA’s new Nations League with the pair having lost their openers in the competition to Spain.Stadion HNK Rijeka hosts the clash, which will be played behind closed doors, with talkSPORT bringing you full coverage of the 7:45pm kick-off.Gareth Southgate named a youthful squad for England’s upcoming clashes, with Mason Mount, Jadon Sancho and James Maddison all earning their debut call-ups. 2 Gerrard launches furious touchline outburst as horror tackle on Barisic sparks chaos Guardiola-inspired tactics: Is this how Arsenal will line up under Arteta? The average first-team salaries at every Premier League club in 2019 scrap BEST OF last_img read more

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GARDAÍ INVESTIGATE VICIOUS GANG ATTACK ON CANCER RECOVERY TEEN AND PAL

first_imgGARDAI in Letterkenny are investigating a vicious attack on two teenage boys in which they suffered serious facial injuries.One of the teenagers – recovering from leukaemia – had his face bashed in during the completely unprovoked attack.The boys were set upon close to the Oatfield roundabout in the town on Friday night after attending an under-age drink-free disco. They were waiting for a lift close to Mr Chippy when a gang began to shout at them.The boys, fearing they were about to be attacked, ran off. They were cornered at the Aldi supermarket where they were repeatedly punched and kicked.The 16-year-olds suffered severe bruising to their faces and chipped and damaged teeth.A woman who stopped to help drove off – whilst other terrified motorists also drove on. “They could have been killed,” said a relative of one of the boys today.“One of them is in remission from cancer and he was repeatedly beaten and kicked by four of these youths, even when another one of their gang had pleaded for the rest of the gang to stop.”Anyone with information is asked to call Letterkenny Garda Station on 07491 67100. GARDAÍ INVESTIGATE VICIOUS GANG ATTACK ON CANCER RECOVERY TEEN AND PAL was last modified: February 17th, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:ALDIassaultattackcrimeGardailetterkennyOatfield Roundaboutlast_img read more

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Klay Thompson’s MRI delayed, his status for Game 3 still uncertain

first_imgClick here if you’re unable to view the photo gallery on your mobile device. The Warriors were still waiting Monday night to find out whether or not Klay Thompson’s left hamstring injury will allow him to play in Game 3 of the NBA Finals on Wednesday.ESPN reported Thompson hadn’t yet undergone an MRI as of early Monday evening as the test was delayed because the team’s flight didn’t arrive until the early morning hours.Test results on Thompson’s hamstring should be available later Monday …last_img read more

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‘Lesson learned’: Early setbacks in 2019 won’t deter Team Lakay

first_imgFrom left: Team Lakay’s Joshua Pacio, Geje Eustaquio, Mark Sangiao, Kevin Belingon, Eduard Folayang, and Stephen Loman hoist their hardwares. Denison Rey A. Dalupang/INQUIRERTeam Lakay head coach Mark Sangiao isn’t the type who dwells on the past especially if it involves his fighters losing two world titles in just a six-day span.Instead, Sangiao would rather focus on the present and future of his prized warriors.ADVERTISEMENT View comments ‘We are too hospitable,’ says Sotto amid SEA Games woes PDEA chief backs Robredo in revealing ‘discoveries’ on drug war But if there’s a blueprint for Team Lakay to follow and overcome adversities, the famed stable doesn’t need to look far.“These setbacks are not a reason for us to stop. Like Geje Eustaquio said, Eduard Folayang didn’t become a world champion until he was 34 years old,” he said.“This is a lesson learned. We have such huge respect for ONE Championship and we are very thankful to the organization for giving us these opportunities.”Sangiao has no doubt his fighters have what it takes to bounce back.“Others wouldn’t know what it took us to get here,” Sangiao said. “It’s so hard for us, but we have to remain positive and rise again.”ADVERTISEMENT PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss MOST READ Oil plant explodes in Pampanga town LATEST STORIES Grace Poe files bill to protect govt teachers from malicious accusationscenter_img “Things happen, it’s been done. We can be mad, but doing so could only lead to losing ourselves. There is no going back so the best thing to do is to work hard again. My only plea is to give the athletes what they deserve. It’s painful,” Sangiao said.“Like I said, what they do is not easy. They have to go through so many sacrifices and what they do is something that ordinary people can’t do. The hardship they go through each day is unreal. So again, I hope they give the athletes what they rightfully deserve.”FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSUrgent reply from Philippine ‍football chiefSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool starsLast Friday, Geje Eustaquio lost his ONE world flyweight title to Brazilian rival Adriano Moraes before a hometown crowd at Mall of Asia Arena.Eustaquio’s unanimous decision loss also came just six days after teammate Joshua Pacio yielded the strawweight strap to Japanese strongman Yosuke Saruta in Jakarta, Indonesia by split decision. SEA Games hosting troubles anger Duterte Private companies step in to help SEA Games hosting ‘We are too hospitable,’ says Sotto amid SEA Games woes Sports Related Videospowered by AdSparcRead Next Don’t miss out on the latest news and information. Dani Ravena has had enough of bashers saying her family paid for spot in Ateneo roster US judge bars Trump’s health insurance rule for immigrantslast_img read more

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Hrithik to don new look for Ashutosh Gowariker’s Mohenjodaro

first_imgHrithik RoshanWhat happens when a film goes back in time to thousands of years? Ask Ashutosh Gowariker, who has decided to create yet another epic movie, Mohenjo-Daro, on the 5,000-year-old city that remains a historical puzzle. A smart choice. The Jodhaa Akbar director won’t face the long arm of the,Hrithik RoshanWhat happens when a film goes back in time to thousands of years? Ask Ashutosh Gowariker, who has decided to create yet another epic movie, Mohenjo-Daro, on the 5,000-year-old city that remains a historical puzzle. A smart choice. The Jodhaa Akbar director won’t face the long arm of the law or people baying for his blood this time around. Here’s what you can expect.What language did they use? No one knows, except that, well, they did not speak Hindi. New research shows their script to be an old version of Tamil.Kareena KapoorGet ready for a very different Hrithik. He will have to sport a beard, if not a shaved upper lip (say historians), long hair (he looks nice in that) held in place by a hairband or in a bun (Mohenjo-Daro men did that a lot) and wear a toga, with one bare shoulder. Weird, but leaves plenty of scope for the Greek God of Bollywood to show off his muscles.Sonakshi SinhaThe Censor Board will be aghast if the film is too close to history. Remember the bronze dancing girl of Mohenjo-Daro? She had bangles all the way up one arm and nothing else on. Women in those days mostly went around naked or in tiny skirts.Expect a Bond girl moment at the Great Bath of Mohenjo-Daro, the world’s first swimming pool, with a skimpily clad heroine stepping out of the water and breaking into a song.Priyanka ChopraBut who will be the heroine? A cat fight is on between three beauties-Kareena Kapoor, Priyanka Chopra and Sonakshi Sinha-for the plum role. Check out some ancient figurines. Who do you think has the best chance?advertisementlast_img read more

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Birmingham appoint former Tottenham boss Harry Redknapp as manager

first_imgChampionship side Birmingham City appointed former Tottenham Hotspur boss Harry Redknapp as manager until the end of the season, as a replacement for Gianfranco Zola.Redknapp, who at 70 becomes the oldest manager in English football, guided Tottenham to Champions League qualification in the 2009-10 season.His last foray into management was a two-match spell in charge of the Jordan national team in March last year.”I got fed up sitting around doing nothing. I will come and live up here until the end of the season,” Redknapp told TalkSPORT on Tuesday.”If I can keep them up then we can sit down and talk about going forward.”Former Italy international Zola resigned after a 2-0 home defeat to Burton Albion that left Birmingham three points off the relegation zone.They are in 20th position and play Aston Villa on Sunday.last_img read more

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