Stake­hold­ers to dis­cuss In­sur­ance to­mor­row

Fiji Sun - - Business - SOURCE: CON­SUMER COUN­CIL OF FIJI

As­take­hold­ers’ sem­i­nar on ‘Prop­erty In­sur­ance’ fo­cussed on prod­ucts, poli­cies, reg­u­la­tions and con­sumer con­cerns re­lated to prop­erty in­sur­ance will be held to­mor­row. The Con­sumer Coun­cil of Fiji will host this sem­i­nar at Novo­tel Ho­tel in Lami. The Coun­cil chief ex­ec­u­tive of­fi­cer, Premila Ku­mar said this sem­i­nar is aimed at bring­ing all key-play­ers of the coun­try’s in­sur­ance in­dus­try under one roof for a ro­bust dis­cus­sion to find a way-for­ward to cre­ate an in­clu­sive in­sur­ance mar­ket which can be ac­ces­si­ble to the low-in­come earn­ers in the coun­try. “The Coun­cil be­lieves that in­sur­ance is cru­cial in a mod­ern and a pro­gres­sive so­ci­ety like ours but un­for­tu­nately, not all con­sumers, par­tic­u­larly, those in the lower eco­nomic strata are ben­e­fit­ting,” she said. The chief guest at the sem­i­nar would be At­tor­ney-Gen­eral and Min­is­ter for Econ­omy, Aiyaz Sayed-Khaiyum.

Also a spe­cial guest at the event would be the chief ex­ec­u­tive of­fi­cer, Alan Kirkland of CHOICE- Aus­tralia’s lead­ing con­sumer or­gan­i­sa­tion. “He will speak on re­forms in the Aus­tralian in­sur­ance sec­tor,” Ms Ku­mar said. Other speak­ers in­clude rep­re­sen­ta­tives from the In­sur­ance Coun­cil of Fiji, Fiji In­sti­tu­tion of Engineers, South Pa­cific En­gi­neer’s As­so­ci­a­tion, Fiji Ar­chi­tects As­so­ci­a­tion, and Re­serve Bank of Fiji as the reg­u­la­tor of the coun­try’s in­sur­ance in­dus­try. The Fiji Na­tional Prov­i­dent Fund and Hous­ing Au­thor­ity of Fiji will speak at the sem­i­nar be­ing the big­gest buyer and ne­go­tia­tor of prop­erty in­sur­ance here. Other points which will be dis­cussed dur­ing the sem­i­nar will be re­lated to trans­parency in the in­sur­ance sec­tor in­clud­ing ed­u­ca­tion and aware­ness pro­grammes on in­sur­ance.

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