The Industrial Association of Mozambique participated in the second edition of the Índico Conferences, whose main theme was the Insurance Market. During the event, various aspects related to the insurance sector in Mozambique, including the current situation of that market. In the discussions held, the Industrial Association of Mozambique identified some challenges that affect the access of small and medium-sized companies in the industrial sector to the insurance market. Among the main obstacles mentioned, the following stand out: poor communication and information about products and financial and insurance literacy: It was found that many companies in the industrial sector do not have adequate knowledge about the insurance products available on the market and do not have access to essential information to make well-founded decisions in this area. Regarding competitive prices, the Industrial Association of Mozambique understands that the high costs associated with insurance premiums have been a significant challenge for industrial companies, especially for small and medium-sized companies. The market needs to seek solutions that enable more affordable prices, allowing a greater number of companies have access to adequate coverage. The availability of insurance lines in banking institutions was identified as a limiting factor for the access of small and medium-sized industrial companies to the insurance market. It is essential that mechanisms are created that facilitate obtaining insurance through these institutions, making the process more inclusive and simplified. The Industrial Association of Mozambique recognizes the importance of the insurance sector for the sustainable development of industries in Mozambique. AIMO, regularly seeks close collaboration with stakeholders to overcome these challenges and promote a more favorable environment for the participation of small and medium-sized companies in the industrial sector in the insurance market. It is important to highlight that the theme proposed for this second edition of the Índico conferences was subordinated to the theme Insurance Market in Mozambique: Setting the pace for Mega-Projects and the debate session featured Ragendra de Sousa, former Minister of Industry and Commerce, representatives from ISSM, BCI, CIP Researcher, EMOSE and the Industrial Association of Mozambique (AIMO), where the latter entity shared some proposals that envisage the transformation of the national industrial sector into the Extractive Industry segment, increasing local content, leadership of development projects that are implemented in Mozambique, among other themes. AIMO is committed to continuing to support events such as the Indian Ocean conferences, which promote the exchange of knowledge and experiences relevant to the industrial and insurance sector. (RM)Source:Rádio Moçambique Online
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