3rd Banking & Insurance Fair takes place tomorrow

The third Banking and Insurance Fair is scheduled to take place tomorrow and Friday at the National Theatre in Accra.

The occasion will create a platform for the financial sub-sector actors to interact and deepen customer relationships and experience in a bid to whip up public confidence in their operations.

The fair will serve as a financial literacy forum where exhibitors can educate and explain to the public and customers their various products and services as well as inculcate the habit of securing life and properties through savings and investments.

It will further seek to tackle the seeming lack of public knowledge about the various products and services offered by banks and insurance firms in the country and promote the essence and benefits of banking to people who patronise the fair.”

National Insurance Commission (NIC), regulator of the insurance industry, has backed the upcoming fair, which according to the commission will enhance awareness on the need for the public to take up various insurance products to secure lives and properties.

Deputy Commissioner of Insurance, Simon K. Nero-Davor, has indicated that the fair is a step in the right direction as it is line with the core duties of the NIC to educate the public on the importance of insurance.

He was hopeful that the fair will provide an appropriate platform for players in the four key financial sectors—insurance, banking, pensions and securities—to address certain misconceptions and challenges that are hindering their growth.

Specifically with insurance, he said, there are instances where the public do not understand the products that they purchase and also where there should go to seek clarifications, seek redress or lodge complaints.

 

Insurance

…with Kofi Owusu Tawiah

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