News Africa01 Jun 2020

Africa:Continental Re salutes journalists for impactful reports on re/insurance

01 Jun 2020

Leading pan African reinsurer Continental Rehas honoured winners of its 2020 Pan African Re/Insurance Journalism Awards at a virtual awards ceremony on 27 May.

In the fifth edition of these prestigious awards, five winners were picked from 77 entries that were submitted by business reporters from 15 French and English-countries.

The winners were:

Award Categories

Winner

Future Talent Award

Dominic Omondi (The Standard Group, Kenya)

Best Re/insurance Print Article

Isaac Khisa (The Independent, Uganda)

Best Re/insurance Online Article

David Njagi, a freelance journalist from Kenya

Best Re/insurance Broadcast Article

Destiny Onyemihia (Voice of Nigeria, Nigeria)

Best Re/insurance French Article - print/online/broadcast.

Joel Assoko (Jeune Afrique Media Group, France)

 

The Pan African Re/Insurance Journalism Awards recognise the outstanding work of re/insurance journalists from across the continent and require participants to demonstrate how their articles have raised awareness and understanding of the re/insurance sector in Africa.

Dominic Omondi's article, titled “How doctors are dragging medical insurers to an early grave”, addresses the issue of perverse incentives, and how insurance companies in Kenya have sunk into losses as healthcare providers inflate their charges. This award was recommended by the judges to recognise the most outstanding entry from among all those received. It replaces the Pan African Re/insurance Journalist of the Year Award.

Isaac Khisa's story, titled ‘‘Across Sub-Saharan Africa, Tech-enabled microinsurance is the next big thing”, describes how insurance firms can leverage growing mobile phone subscription to extend insurance services to low income earners who are, in most cases, not catered to by current conventional insurance services.

David Njagi's feature, titled “Voice of resilience: Kenyan radio builds herders’ trust in drought insurance”, was published by Thomson Reuters. The story focuses on how a community-based radio is helping Northern Kenya understand and learn how to benefit from Islamic weather insurance.

Destiny Onyemihia's story, “Sustaining businesses through cyber insurance”, explores how businesses can sustain their operations in the midst of rising cyber threats and attacks in Nigeria.

Joel Assoko's story, ‘‘La guerre des assureurs aura bien lieu’’ (translated as ‘Indeed, the War among Insurers will take place’). The story explains a sector which is not well known nor understood in Africa, and is usually mentioned only in critical and negative situations. Yet, insurance is still a vital pillar for African economies – one that can promote balanced growth and ensure a better future. The aim is to allow the general public to become more familiar with the crucial changes occurring within the industry.

Prizes

Continental Reinsurance grants a cash prize of $2,000 for the Future Talent Award; $1,000 for the category winners; and $500 for the 1st and 2nd runner-up positions. All the winners will receive mentorship on re/insurance reporting.

‘‘We hope that these awards inspire you to cover issues related to re/insurance and improve the overall quality of reporting,” said Dr Femi Oyetunji, group CEO of Continental Re during the virtual awards event. Dr Oyetunji added: “We will continue to support and build capacity for journalists so they can contribute to the development of the re/insurance industry in Africa.’’

The 15 countries whose journalists participated in the contest were: South Africa, Nigeria, Kenya, Uganda, Botswana, Ethiopia, Tanzania, Ghana, Zimbabwe and Malawi, Zambia and Namibia (Anglophone). Francophone countries represented were Morocco, Cameroon and Benin.

‘‘Even though we’ve seen the number of entries double over the years, we wish to encourage more female participants to enter for future awards,’’ said Dr Oyetunji.

All entries were evaluated by an independent judging panel consisting of international experts in insurance and journalism.

Continental Re is a composite private pan-African reinsurer that has been operating on the continent for more than 30 years writing business in more than 50 countries across Africa. Established in 1985, Continental Re provides support to over 200 insurance companies in Africa with its main offices in Nigeria, Cameroon, Kenya, Côte d'Ivoire, Tunisia and Botswana.

 

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