STORY: SOMALIAS FIRST INSURANCE

COMPANY THRIVES
DURATION:
SOURCE: AMISOM PUBLIC INFORMATION
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CREDIT REQUIRED: AMISOM PUBLIC
INFORMATION
LANGUAGE: ENGLISH/SOMALI/NATS
DATELINE: 2015, MOGADISHU, SOMALIA
SHOTLIST
1.
Wide shot, street in Mogadishu town
2.
Med shot, billboard of the Somali Takaful and Retakaful
company
3.
Close up, billboard of the Somali Takaful and Retakaful
company
4.
Med shot, banner about the company
5.
Wide shot, Mohamed F. Jeso, Chief Executive Officer
6.
Med shot, Mohamed F. Jeso, Chief Executive Officer
7.
Close up, the Chief Executive Officer works on some of
the companys projects
8.
SOUNDBITE: MOHAMED F. JESO, CHIEF EXECUTIVE
OFFICER, TAKAFUL INSURANCE.
We can see the improvement, we can see the development and
we can see the expansion of the businesses in Mogadishu. We
can see that the diaspora are coming back and investing in their
country, so all these things show us that its the suitable time to
establish an insurance company here. Without the insurance, no
one will dare to come and invest here because of the lingering
uncertainty. In order to close up these uncertainties, we
considered its the best time to establish an insurance company
and we are not only attracting the local companies in Mogadishu
or Somalia but also attracting international investors.
9.
Wide shot, Mohamed F. Jeso, Chief Executive Officer
10. Med shot, Mohamed F. Jeso, Chief Executive Officer
11. Wide shot, Mohamed F. Jeso, Chief Executive Officer
12. Med shot, Mohamed F. Jeso, Chief Executive Officer
13. Close up, Mohamed F. Jeso, Chief Executive Officer
14. Wide shot, customer care section
15. Med shot, customer care section
16. Close up, sales and customer care banner
17. Med shot, a customer walks in for enquiries

18. Wide shot, a customer walks in for enquiries

19. Med shot, a customer is served at the customer care
section
20. Close up, the customer goes through some of the
insurance documents at the customer care section
21. Med shot, a customer is served at the customer care
section
22. SOUNDBITE: (SOMALI) FADUMA MOHAMED FARAH,
SALES AND CUSTOMER CARE, TAKAFUL INSURANCE.
I am in charge of Sales and Customer Care. We handle about 12
products including health insurance, vehicle insurance, driving
insurance. Before we insure someone, we sign an agreement and
contract knowing very well that the agreement is of mutual
benefit and helping one another since the company is based on
Islamic principles.
23. Wide shot, the administration and finance department
24. Med shot, the administration and finance department
25. Med shot, Abdulahi Ahmed, head of the Administration
and Finance department
26. Wide shot, Abdulahi Ahmed, head of the Administration
and Finance department
27. Close up, Abdulahi Ahmed, head of the Administration
and Finance department
28. Close up, Abdulahi Ahmed works on his computer
29. Close up, Abdulahi Ahmed works on his computer
30. Med shot, Abdulahi Ahmed works on his computer
31. SOUNDBITE: (SOMALI) ABDULAHI AHMED, HEAD
OF ADMINISTRATION AND FINANCE DEPARTMENT,
TAKAFUL INSURANCE:
Takaful insurance has international financial systems and
procedures, where insurance transactions are governed by the
Sharia framework, which provides a set of rules and laws that we
follow.
32. Wide shot, Khadra Adan ahmed, customer
33. Med shot, Khadra Adan ahmed, customer
34. Close up, Khadra Adan ahmed, fills some forms at the
insurance company
35. SOUNDBITE: (SOMALI) KHADRA ADAN AHMED,
CUSOMER.
I am a customer of this insurance company. I registered with
them long time ago. I am at the claim department. I was involved
in an accident. I told them about the accident I was involved in.
They helped me and claiming my compensation.
36. Med shot, Khadra Adan ahmed, fills some forms at the
insurance company
37. Close up, Khadra Adan ahmed, fills some forms at the
insurance company
SCRIPT

Somalias first insurance company in over 25 years is now

operational in Mogadishu, adding yet another step to the countrys
reconstruction journey. Tafakul Insurance currently offers motor
vehicle, health and marine insurance. Tafakul ventures into a sector
uncommon to the Somali people, having been eroded during the
years of civil war. It now joins the recovery journey of the Somali
economy alongside other vibrant sectors which include banking,
agriculture, telecommunications and construction.
The Tafakul insurance company Chief Executive Officer Mohamed F
Jeso says they were encouraged to set up the company because of
the visible growth in the various sectors with a glaring gap in
insurance.
We can see the improvement, we can see the development and we
can see the expansion of the businesses in Mogadishu. We can see
that the diaspora are coming back and investing in their country so
all these things show us that its the suitable time to establish an
insurance company here. Without the insurance, no one will dare to
come and invest here because of the lingering uncertainty, said
Mohamed F. Jeso the CEO.
The company is currently registered and regulated as per Sharia
law, as the government works towards establishing a legal
framework that supports growth of the economy and further
increase the interest of investors in the economy
Fadum Mohamed Farah, the companys in-charge of sales and
customer care says We handle about 12 products including health
insurance, vehicle insurance, driving insurance. Before we insure
someone, we sign a contract knowing very well that the agreement
is of mutual benefit and helping one another since the company is
founded and operated on Islamic principles.
Tafakul enjoys growing clientele, now in their hundreds with majority
of their clients seeking motor vehicle insurance.
One of the clients claiming compensation for his vehicle says the
service has been very helpful.
I am a customer of this insurance company. I registered with them
long time ago. I am at the claim department. I was involved in an
accident. I told them about the accident I was involved in. They
helped me after I claimed my insurance, says Khadra Adan Ahmed,
a customer.
Though in its infancy, the insurance sector adds a much needed
ingredient to an economy experiencing fast growth. The
International Monetary Fund in its first economic assessment of the

Somali economy in 25 years said it grew by 3.7% in 2014, mainly

driven by growth in the agricultural, construction and
telecommunications sectors.
End.