Designed & Developed Corporate Strategy
Waayeel Consulting spearheaded the design and development of a comprehensive corporate strategy for the National Insurance Authority (NIA). This strategic initiative was crafted over a five-year horizon, leveraging the Balanced Scorecard Model to ensure a holistic approach. The process involved dynamic analysis of the market landscape, identification of growth opportunities, and the establishment of clear goals and objectives. Waayeel Consulting collaborated closely with the leadership team and Board of Directors (BoD) of NIA to align their strategic direction with the overarching objectives outlined in the National Development Plan.
Client
National Insurance Authority
Project
Government Funded
Sponsored
Ministry of Finance Development
Client
National Insurance Authority
Sponsored by
Ministry of Finance
Time
4 Weeks
Project Overview:
Waayeel Consulting spearheaded the design and development of a comprehensive corporate strategy for the National Insurance Authority (NIA). This strategic initiative was crafted over a five-year horizon, leveraging the Balanced Scorecard Model to ensure a holistic approach. The process involved dynamic analysis of the market landscape, identification of growth opportunities, and the establishment of clear goals and objectives. Waayeel Consulting collaborated closely with the leadership team and Board of Directors (BoD) of NIA to align their strategic direction with the overarching objectives outlined in the National Development Plan.
Outcome:
The Designed & Developed Corporate Strategy implemented by Waayeel Consulting has positioned the National Insurance Authority (NIA) for long-term success and sustainable growth. By leveraging the Balanced Scorecard Model and engaging in a dynamic and collaborative process, NIA now has a clear roadmap to navigate market dynamics, capitalize on growth opportunities, and mitigate potential risks. The alignment of strategic goals with the National Development Plan ensures that NIA's efforts are synergistic with broader national objectives, contributing to the socioeconomic development of the country. The successful execution of this corporate strategy underscores Waayeel Consulting's commitment to delivering strategic solutions that drive organizational excellence and value creation for our clients.
Client Background
The National Insurance Authority (NIA) of Somaliland is a governmental organization responsible for regulating and overseeing the insurance industry within the region. Established to ensure the stability, integrity, and efficiency of the insurance sector, the NIA plays a crucial role in protecting the interests of policyholders and promoting the development of the insurance market in Somaliland.
Client Testimonial
The training program on budgeting and PFM organized by Waayeel Consulting exceeded my expectations. The facilitators were highly knowledgeable professionals who used practical examples that made the concepts easy to grasp. My skills in budget planning, implementation and reporting have significantly improved. I now feel more empowered and confident to champion transparency and accountability in managing scarce public funds.
Mohammed Abdirizak
Senior Officer, Budget Department at the Ministry of Finance