Rwanda Development Board (RDB) is hosting a two day Africa Insurance and Financial Services annual summit. The summit aims at enhancing the growth and development of the African insurance market.

The summit which kicks off today up to June 10, at Kigali Serena hotel will attract local and international insurance, reinsurance and risk management practitioners .

According to RDB, the summit will highlight the potential and progress of Africa’s the insurance industry. It will also be attended by international experts from Middle East, Asia, Europe and North America

"This summit seeks to bring together an authoritative panel of experts to discuss the challenges and issues of critical importance to the market for the coming years,” said Claire Akamanzi, Deputy Chief Executive Officer of RDB in charge of Business Operations and Services. 

The summit is also seeking to provide a platform for strengthening Africa’s ties with Asian, Middle East and European markets. The African region boasts a premium volume of more than $4.5 billion. 

A statement from RDB says CEOs from the participating continents and subcontinent will discuss new developments in pension funds, reinsurance, bank assurance, life insurance, micro and Islamic insurance.

"It will also provide a platform to set standards and boost professionalism in the African region while identifying solutions to nurture growth in the region’s nascent insurance markets,” Akamanzi said in a statement.

The meeting which comes at the time the peak the global financial crisis will highlight current status of the African insurance and financial markets, challenges and opportunities in the reinsurance industry in Africa.

It will also review the micro insurance industry and critical developments plus perspectives for the African pension market.

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