WAICA Re winner to get $100,000

By Omobola Tolu-KusimoWAICA Reinsurance Corporation has promised to support the winner of its Annual Corporate Social Responsibility (CSR) Competition Project and Ambassadors for 2021 and 2022 with $100,000.The corporation said, the theme of its contest is Practical solutions to natural disasters in West Africa.The Group Managing Director of the Corporation, Mr. Biola Ekundayo, said the winner of the contest would become WAICA Res goodwill ambassador for a year, having supported the winning project with up to $100,000, while the ambassador will get $5,000.There will also be first and second runners-up with cash awards of $2000 and $1000, he stressed.Besides the competition, he said, WAICA Re has initiated CSR projects across its operating countries and has always believed that education is one of the major back bones of the industry.He noted that the corporation has contributed to education in the subregion as well as the development of the insurance industry.Opeaking on how they support the countries where we operate with their CSR activities, he said: In Sierra Leone, we support the industry by establishing a College of Insurance designated in the Insurance Commissions building. In Nigeria, we supply fittings such as cooling systems and computers to the Chartered Insurance Institute of Nigeria, including the installations.In Cote D Ivoire, we embark on tree planting and garden at the Insurance College, Ghana while we also refurbish the insurance institutes library and stock the same with textbooks. Wehave further supported countries like Gambia, Zimbabwe, Tunisia and Kenya.He further stated that WAICA Re has made giant strides because of the supports it is getting from the reinsurance market across Africa, Middle East and Asia, adding that the corporation started as a spark in July 2011 in Sierra Leone.
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