Ghana: Donewell Life holds maiden underwriting training workshop for brokers

Donewell Life Company Limited, a licenced and indigenous life insurance company, on June 11, 2024 held its maiden educational training workshop in Accra for 28 life broking account managers drawn from various insurance broking firms in Ghana.

The workshop under the theme: ‘Equipping Life Broking Officers with Underwriting Proficiency’ was held to equip participants with in-depth technical knowledge of contemporary issues with respect to Life underwriting for Group Life & Personal Accident, Mortgage, Keyman, Loan Protection and other term life assurance policies.

Welcoming participants to the workshop, Managing Director of Donewell Life Company Limited, Eric Ato Botchway, indicated that Donewell Life recognizes and appreciates the vital role brokers play in the insurance delivery value chain and is of the view that a technically astute life broker with appreciation of the essential tenets of underwriting will go a long way in offering the insuring public insurance services of the highest quality at the right price.

In declaring the workshop open, the keynote speaker, Shaibu Ali, President of the Insurance Brokers Association of Ghana (IBAG) and the Africa Insurance Brokers Association (AIBA) encouraged participants to place premium on the unique learning experience being offered by Donewell Life since life insurance business remains untapped as the contribution of premium income by Brokers is less than 8percent compared to other intermediaries.

Resource person for the workshop, Oyebanji Ade Ademola, Country Manager for W-Safe Reinsurance Limited presented technical papers on medical, non-medical and financial underwriting of life insurance products.

In his closing remarks, Head of Distribution at Donewell Life, Owusu Yaw Osei-Bobie, acknowledged managing directors of participating broking firms for nominating account managers to attend the all-important workshop to afford nominees the opportunity to gain requisite knowledge required to enable them execute their mandates within the insurance value chain to the benefit of the insuring public.

Source:thebftonline.com