As advanced economies are struggling to shrug off the anaemic growth rates occasioned by the global financial crisis of 2008/2009, African insurance industry and its practitioners have set up an apparatus to increase the sector's competitive edge and market share while they give uninsured people more choices than they now have.
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Effort in this regard dominated the just concluded 40th African Insurance Organisation, AIO Conference and General Assembly in Egypt.
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This year's AIO conference theme, 'The Role of the African Insurance Industry to support the Economic Development of African Countries' held in Cairo, Egypt, witnessed the highest participants in the history of the AIO so far with over 800 participants.
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Egypt's Prime Minister, Dr. Hishan Qandeel, identified poor infrastructure as the major problem confronting Africa countries from achieving the needed growth.