Property Insurance Seminar

Oct. 3, 2017, 6:29 a.m.



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Property insurance will be at the centre of a stakeholder’s seminar hosted in Lami tomorrow by the Consumer Council of Fiji.

The Council says the seminar would focus on products, policies, regulations and consumer concerns relating to property insurance in the country.

“It is aimed at bringing all key-players of the country’s insurance industry under one roof for a robust discussion to find a way-forward to create an inclusive insurance market which can be accessible to the low-income earners in the country.”

According to the Council, there’s a growing need to design insurance products that meet the needs of what it says are “excluded groups” to improve risk protection.

“The Council believes that insurance is crucial in a modern and a progressive society like ours but unfortunately, not all consumers, particularly, those in the lower economic strata are benefitting.”

Speakers at the event will include Alan Kirkland of CHOICE-Australia, who will make a presentation on reforms in the Australian insurance sector.

Presenters will also include representatives from the Fiji National Provident Fund and Housing Authority of Fiji, as the largest buyers and negotiators of property insurance in Fiji.