The outgoing president of the Sierra Leone Insurance Association, Solomon Samba, has emphasized that there is need for a revision of the current constitution and the Insurance Act which have long become moribund and irrelevant to the current needs.
He made this assessment as a new executive was ushered in last Friday with Mrs. Alice Onomake of Reliance Insurance Company (Ritcorp) elected as its new president at the Employers’ Federation at the Guma Building.
In her acceptance speech, she expressed her thanks to colleagues for the confidence reposed on her and assured that she would work to the best of her ability with their support.
Recapping on the achievement of the association during the past year, the outgoing president noted that, “the Sierra Leone Insurance Association has played and continue to play significant role in the international arena in line with the objectives of the organisation.”
Another achievement, he emphasized on, was the Brown Card Scheme which was done by the Insurance Association in conjunction with the Sierra Leone Insurance pool, and stressed that, “plans are at an advanced stage to insure commercial motor bikes which we believe will go a long way in sanitizing this sector of the market.”
In spite of the gains the organisation has made, he said there were a lot of challenges which he had no doubt would be addressed by the incoming executive, observing that, “the unwillingness of some members to meet their financial obligations,” as the way forward was to explore ways of enforcing these obligations.
Solomon Samba also highlighted the need for discipline in the market, abiding by the code of ethics of the profession and adhering to the rules of the game and united in all that they do.
He cautioned saying, “we should be proud of our profession as the industry has assumed quite a high profile having produced the president and quite an impressive array of cabinet ministers,” nothing that, “it therefore behoves all of us to uphold the tenets of our profession.”
Solomon Samba further entrusted the membership to give the local organising committee for the forthcoming West Africa Insurance Company Association (WAICA) their maximum support to ensure the success of the conference which would be hosted on March 31 in Freetown.
Other members elected were Vice President Hassan Gbassay Kanu, Secretary Raymond Macauley, with Joseph Cummings as his assistant secretary.
The rest consists of Yeama Finney as treasurer, Rev. Henry Samuels as auditor, with Osman Pius Conteh as social secretary and Franklyn Pratt as public relations officer.