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IN alliance with the Association of Ethiopian Insurers (AEI), Ethio-Re conducted a four full days Insurance Product Development Master Class Training at Best Western Plus Hotel, Addis Ababa between 29 July, 2019 and 1 August ,2019.

The training was given by the renowned facilitators from Red Pear Communications Company LTD.

During the training it was expressed that in general, the state of development of insurance business in Ethiopia is very low. This is further exemplified by the insignificant contribution of the sector to the GDP, low level of penetration and density. In this regard, Ethio-Re believes there is untapped potential and plans to support the primary insurance market on the development of suitable products as per the needs and wants of insured customers in Ethiopia.

Ethio-Re’s as a close partner of the Ethiopian Insurance Industry has identified this critical gap and organized this master class workshop to help companies become self-equipped in developing insurance products suitable for the needs and wants of the society, understand the factors influencing product development and how product development should be approached, as a concept, in the insurance context.

The Four Days Master class has been designed to provide participants with a complete guide to innovating, developing, managing, and executing products in the sector. The comprehensive agenda has covered all the necessary knowledge, principles and lessons learned on how to develop effective insurance products that provide insurance organizations with a competitive advantage with customers in today’s very competitive market landscape.

The training was attended by Senior Executives, Marketing and Business Development Managers as well as Product Development Managers from all insurance companies.

Ethiopian RE organized Business Partners Seminar in Collaboration with OMAN RE.The seminar was conducted between 7th to 10th of May, 2019 at Marriott Executive Apartments Addis Ababa, Ethiopia. Particiapnts were drawn from seven countries in the subsahara africa region.

The purpose of this training was to learn from practical experiences of participants on the optimization process of a Reinsurance Treaty Program.The objectives of the seminar ,among others, includeed acquainting participants with identification and collection of the information necessary for assessing the performance of an existing Reinsurance program, Identification, collection and analysis of the information necessary for designing an optimal Reinsurance program and application, via online tool, of acquired experience to designing an optimal Reinsurance program.

Ethio-Re as a close partner of the reinsurance and insurance industry has identified gaps in the industry mainly in areas of reinsurance underwriting and organized this workshop to help companies understand the factors influencing underwriting considerations and how they should be approached in the reinsurance context.

During the training, it was also expressed that Ethio- Re will organize successive trainings, experience sharing programs and workshops in the future to develop the underwriting and claims management skill in an attempt to encourage innovation and product development in the insurance industry.

Ethiopian Re selects its brand logo on a Company logo selection forum held on 24th November, 2016. Ethiopian Re crafted its logo seeking a brand identity that meets the demand of the customers and represents the Company’s vision, mission and core values.