Smart partnership among African Life
Assurance, banks and mobile phone companies has helped to boost the
insurer business by about 30 per cent this year.
According to African Life
Assurance Chief Executive Officer Julius Magabe, initiatives to join
hands with other stakeholders and extensive public awareness campaigns
have paid off.
Mr Magabe was addressing reporters on
Tuesday on the firm’s victory in the Best Represented Financial
Statement Award for 2011. This is the third consecutive year that the
firm has scooped the award by the National Board of Accountants and
Auditors (NBAA).
African Life won the third position in
the insurance industry category in 2009, scooping the top prize in 2010
and retaining the title for life insurance category in 2011.
The
award was presented to African Life’s Chief Financial Officer (CFO) Mr Samwel
Mika by Mr. Vickson Ncube the CEO of Panafrican Federation of Accountants
(PAFA) at a function held in Arusha.
Speaking
for the award the CEO said “African Life puts great emphasis in quality
excellence not only in its financials but in all our operations and winning
this award for three consecutive years signifies that commitment to our
stakeholders”.
The
firm specializes in life assurance and has been rated A+ by the Global Credit
Rating Company.
As
a member of the Sanlam Group, a large financial services company that operates
in Africa, Europe, Asia, Australia and America, African Life Assurance brings
to the market global expertise to compliment its local offerings.
Source: The Daily News, www.dailynews.co.tz, reported by Abduel Elinaza in Dar es Salaam
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