Bank & Insurance
Benedict Oramah (Afreximbank) set to launch Afreximsure

Benedict Oramah (Afreximbank) set to launch Afreximsure

Coinciding with the implementation of the AfCFTA (African Continental Free Trade Area), Afreximbank’s President, who was recently reappointed for a second and final five-year term, has set himself an ambitious to-do list – a highlight of which is to finalise the creation of a new African export insurance body.

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            ▪ Benedict Oramah (Afreximbank) set to launch Afreximsure

▪ Coinciding with the implementation of the AfCFTA (African Continental Free Trade Area), Afreximbank’s President, who was recently reappointed for a second and final five-year term, has set himself an ambitious to-do list – a highlight of which is to finalise the creation of a new African export insurance body.

http://www.jeuneafriquebusinessplus.com/en/805200/benedict-oramah-afreximbank-set-to-launch-afreximsure/

20/08/2020 at 18h21, by Jeune Afrique Business+

The new Managing General Agency (MGA) entity Afreximsure will, like other Afreximbank initiatives, be based in Mauritius. Expected to launch in the coming months, its intention is to collaborate with Africa Re, the continent’s reinsurance organisation, as well as with other insurers, with a view to strengthening the African offer. The overarching aim is to work towards having some insurance premiums managed in Africa from now on, while helping Afreximbank and other banks to better manage their insurance risk.

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