By Jibril Abdul Mumuni

Accra, Jan 13, GNA – Dr Abiba Zakariah, the Commissioner, National Insurance Commission (NIC), has been elected as the Vice President of the Organisation of African Insurance Supervisory Authorities (OAISA).  

The election took place at the OAISA 2025 Annual General Meeting held from November 16 to 21 in Harare, Zimbabwe.  

The OAISA is an association under the umbrella of the African Insurance Organisation with a focus on harmonising regulations and promoting cooperation among African insurance supervisors.  

Dr Zakariah’s election as the vice president is a significant recognition of Ghana’s advancing expertise and leadership in the field of insurance regulation and supervision on the African continent.  

In her acceptance speech, she pledged to uphold the values of OAISA and work collaboratively to advance its objectives.   

She emphasised Ghana’s continued dedication to fostering robust, inclusive, and well-supervised insurance markets that protected policyholders and contributed to economic stability.  

“This role is a testament to the collective progress of Ghana’s insurance sector. I am committed to working with all member states to strengthen supervisory frameworks and enhance the competitiveness of Africa’s insurance industry in the global landscape,” Dr Zakariah stated.  

The meeting also saw the election of Mr Issouf Traoré of Côte d’Ivoire as the President of OAISA.   

Both Dr. Zakariah and Mr. Traoré will serve a two-year term, which is renewable.   

The week-long assembly convened insurance regulators from 24 African countries.   

Key deliberations centred on harmonising supervisory standards, implementing risk-based supervision, and addressing emerging trends and challenges within the continent’s insurance markets.  

Participants reiterated the importance of a credible and unified regulatory approach for Africa.   

The meeting also underscored the need for enhanced collaboration between Anglophone and Francophone member states to drive sustainable market growth and deeper regional integration within the sector.  

GNA  

Edited by Agnes Boye-Doe