One of the leading insurance companies in Sierra Leone, Senesie Financial and Insurance Company (SENEFICO), is determined to bring social impact in the insurance sector.

Addressing newsmen on Friday, 21st February, 2025 at their 104 Campbell Street head office in Freetown, the Managing Director of SENEFICO, Michael Kuti George, who confidently spoke via video link, said that “having worked in the Gambia, Sierra Leone and United Kingdom, we have realized that insurance is not taken up in terms of fire insurance, and in accordance with the insurance act of 2016, we realized that section 21, emphatically talks about compulsory tenantable or public property insurance.”

Director George further elucidated that section 21 of the act says that tenantable or public property insurance shall be insured against fire, meaning, if someone owns a house or a public building, those property have to be insured against fire.

He also schooled customers that an employer who has a sizable number of employees, the law says he should take insurance cover for those employees.

Giving analysis of fire accidents data across the country since 2020 to 2023, Director George revealed that in 2020, the country recorded four (4) fire accidents, 55 in 2021, 120 in 2022 fire accidents and 84 in 2023.

He however maintained that with SENEFICO insurance company, they are here to provide insurance services to their customers, and that they are ready to pay for claims made by these customers.

In his statement, Chief Project Officer, Moses Senesie, dilated that they are a new insurance company, but were able within the shortest possible time to catapult themselves into an enviable insurance entity.

According to him, SENEFICO is customers’ trusted insurance partner for all their insurance needs.

“We offer premium insurance options to protect what matters most to you-whether

It’s a motor, agriculture, renter’s coverage, fire among others. Our motor insurance provides comprehensive coverage, including protection against accidents; theft and damages, ensuring your vehicles are always secured. For farmers, our agriculture insurance safeguards your crops and livestock from unpredictable weather, pests, and other risks, giving you the financial stability you need in times of uncertainty. Renters can also benefit from our renters insurance, which covers personal belongings and liability protection in case of unexpected events, such as fire or theft,” Manager Moses asserted.

Technical Operations Director, Foday Conteh, in his remarks assured customers that they have insurance cover for any of their services.

He said their insurance services cover fire and special perils insurance, general accidents and miscellaneous business and Marine Hull and cargo insurance.

In her closing statements, Marketing Manager, Mozetta Suma, said their niche is to educate their customers and to make information accessible to them.

She also assured their customers of their fullest insurance cover at any giving time.