By Steven Godfrey Mkweteza
Libertas General Insurance company has for the first time emerged the overall winner of this year’s annual insurance quiz competition after outclassed the General Alliance Insurance company.
In a highly competitive final competition played in Blantyre on thursday, Libertas General Insurance got 12.5 points against 11.5 points of its competitor.
Apart from medals, the Libertas General Insurance company was decorated with a state -of -the -art trophy and monetary present of MK900,000 while General Alliance Insurance company went away with a trophy and MK600,000 monetary present.
On the third position, United General Insurance Company (UGI) went away with a trophy and MK480,000 monetary present.
Speaking in an interview after the four day competition, Old Mutual Malawi Group Capital Executive Officer, Rex Kadzongwe thanked all insurers for taking part in the event.
Kadzongwe said since Old Mutual Malawi started supporting the competition years ago, the company has been impressed with the outcome of the results, saying it had helped to identify new raw talent and enhance knowledge and expertise among the competitors and the audience.
“This is one measure that has helped to bring about awareness among the communities on insurance issues.
“Through this competition, we have also witnessed many people registering for various types of insurance but a lot needs to be done to narrow the gap on insurance penetration in the country.
“The country has so far introduced various measures aimed at wooing many people into the insurance industry, but the penetration is still at 2.5 percent,” he said.
Kadzongwe assured the insurers that Old Mutual Malawi will be back in a bigger way with yet another exciting big financial support towards the competition in the future, to delight the competitors.
Old Mutual Malawi has been the main sponsor of this year’s insurance quiz competition, and it pumped in MK7 million.
In another separate interview, Libertas General Insurance Company representative, Caroline Masumba said she was delighted that her team won.
Masumba further attributed her team’s astonishing performance to the good company that she had in her partners.
President for the Insurance Institute of Malawi (IIM) Hastings Kapesa said his institution was satisfied with progress made so far from the competition, as more young talents are being identified into the industry.
“The new blood that are identified help to nurture the future of insurance in the country,” he said.
In a subsidiary individual best performers category, Caroline Masumba from the Libertas General Insurance company was awarded the best performer and she pocketed MK100,000 cash prize followed by Christina Namalomba from Old Mutual Malawi who got MK75,000 for claiming the second position while Boniface Sitima from Prime Insurance company was given MK50,000 for emerging third.
A total of twenty insurance companies participated in this year’s quiz competition whose main aim was to ensure professionalism in the insurance industry.
