Allianz Life CEO Trains GIBA Members on Succession Planning
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The CEO of Allianz Life Insurance, Gideon Ataraire, took members of the Ghana Insurance Brokers Association (GIBA) through a training session on Succession Planning as part of the Association’s CEOs’ educational program.
Ths interactive session took place at the Alisa Hotel in Accra.
Succession planning involves the identification and development of high performing individuals in order to groom them for critical/ leadership positions within an organisation in the future.
Gideon explained to the CEOs that it was important to have a succession plan in place in every organisation to ensure leadership continuity, retain organisational knowledge, reduce cost and turnaround time in filling vacancies, and also to give the organisation the opportunity to nurture home-grown talents.
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He remarked that many institutions do not go beyond the first generation because they don’t have a succession plan in place.
“There is the need to formalise the process so that the employee knows that he/she is part of a succession plan. It is very important to carry everyone along in this process,” he added.
The Ghana Insurance Brokers Association (GIBA) is the National Trade Association for licensed Insurance and Reinsurance Brokers in Ghana.
GIBA is the voice of Insurance and Reinsurance Brokers and an advocate for insurance consumers.
The Association which is currently made up of 78 brokerage firms has as part of its objectives to promote, raise, maintain and uphold a high standard in insurance Broking and Consulting practice.
GIBA also promotes and encourages learning and research into all branches of Insurance and Insurance Broking and related disciplines.
