African Reinsurance Corporation (Africa Re) holds Agriculture Insurance Workshop in Accra

The African Reinsurance Corporation (Africa Re) is pleased to announce its upcoming Agriculture Insurance Workshop, to be held in Accra, Ghana, from July 10-12, 2024, at the Labadi Beach Hotel. This significant event aims to introduce innovative agriculture insurance solutions and promote increased investments in the sector to drive sustainable and profitable growth across West Africa.

Though the agricultural sector in West Africa holds immense potential, stakeholders, including but not limited to farmers, insurers, financiers still face huge challenges. These include weather conditions, insecurity, a shortage of agriculture underwriting expertise and technological constraints to mention just but a few

During the three-day workshop, attendees will have the chance to engage with industry experts, policymakers, and stakeholders to explore solutions and share best practices from other African markets. The workshop’s primary objectives are to enhance the skills and capabilities needed to offer agriculture insurance solutions and to foster a more robust and resilient agricultural insurance landscape in the region.

Key highlights of the event include:

● Innovative Solution Showcases: Participants will be introduced to cutting-edge agriculture insurance solutions that have the potential to transform the industry.

● Expert-Led Panels and Discussions: The workshop will feature discussions and panels led by experienced professionals, focusing on successful case studies and best practices.

● Networking Opportunities: Attendees will have the opportunity to network with industry leaders, fostering collaboration and knowledge exchange.

Africa Re's commitment to the insurance sector’s growth in West Africa is demonstrated through this workshop, aiming to provide local insurers with the tools and knowledge required to excel. By leveraging successful experiences from other African markets, the workshop seeks to drive the development and adoption of agriculture insurance in the region.

About Africa Re

The African Reinsurance Corporation (Africa Re) is the leading pan-African reinsurance company and the largest reinsurer in Africa in terms of net reinsurance written premiums.

Africa Re was set up by 36 African states in 1976, following a recommendation of the African Development Bank (AfDB), to develop the insurance and reinsurance industry in Africa through increased underwriting and retention capacities, and to support the economic development of the continent.

Ranked 36th in the 2019 Standard & Poor’s Global Reinsurance Groups and 41st in the Top 50 Global Reinsurance Groups by AM Best in 2019, Africa Re has a broad-based shareholding comprising: 42 African member States (34.63%); the African Development Bank (8.38%); 114 African insurance and reinsurance companies (34.94%); and 3 non regional shareholders (23.05%), including leading global insurers and reinsurers from France (AXA), Canada (FAIRFAX) and Germany (ALLIANZ SE).

With headquarters in Lagos (Nigeria), Africa Re operates through six (6) Regional Offices across Africa: Casablanca (Morocco), Abidjan (Côte d’Ivoire), Nairobi (Kenya), Lagos (Nigeria), Cairo (Egypt) and Ebene (Mauritius). Africa Re equally has one (1) Local Office in Addis Ababa (Ethiopia), one Underwriting Representative Office in Kampala, Uganda and three (3) Subsidiaries (Africa Re South Africa Limited in Johannesburg (South Africa), Africa Retakaful in Cairo (Egypt) and Africa Re Underwriting Agency Limited in Dubai (The United Arab Emirates)..

For more information on the event and to register, please visit Africa Re’s official website.

Contact:

Isaac Magina​ magina.isaac@africa-re.com

Alfred Adogbo adogbo.alfred@africa-re.com’

Joseph Chege nduati.joseph@africa-re.com

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