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11 Nov 2019

INVEST IN HUMAN CAPITAL - INSURANCE PLAYERS ADVISED

Insurance players encouraged to invest in human capital which is an equally sensitive component in the growth on the insurance industry. The players were challenged to not only concentrate on rebranding their businesses and investing in technology.

“If you train your staff they will leave for another insurance company. This should not be a demotivator since we are all working towards the same goal of driving insurance growth. Many of us are not with the parent insurance companies that trained us. But we are here in different capacities contributing to the same cause”, Alhaji Kaddunabbi. 


The Chief Executive Officer at the Insurance Institute of Uganda (IIU) Mr. Saul Seremba said, “Human capital must be reinvented to work alongside technology and be aligned to business processes through various trainings.” He emphasized that this shall be for the sake of ensuring outstanding management and leadership in the insurance industry.

"Technology is fast changing yet there is a total mismatch between investment in technology and investment in human capital. How much of our budgets are dedicated to improving human capital? Human Capital motivators keep changing, are we doing the right thing?” Sseremba challenged participants at the recently concluded Insurance Conference.

The IRA Chief Executive Officer Alhaji Kaddunabbi Ibrahim Lubega, encouraged players to train their staff and make a contribution to the insurance industry.

“If you train your staff they will leave for another insurance company. This should not be a demotivator since we are all working towards the same goal of driving insurance growth. Many of us are not with the parent insurance companies that trained us. But we are here in different capacities contributing to the same cause”, Kaddunabbi said.