Demand for coverage against political risks on the rise prior to elections

African Trade Insurance Agency (ATI) is an insurer specialized in political and credit risks in 13 countries, members and shareholders of ATI in Africa. The company has noted an increase in demand for insurance before the presidential elections due next year in Kenya. The country is still shaken by the violence that followed the vote ten years ago and claimed the lives of 1100 people. Those events slashed the 2008 economic growth by two thirds.

The growing demand of coverage against political risks from member countries is likely to trigger a 30% annual increase in premiums over the next two or three years. In 2015, ATI’s turnover amounted to 23 million USD.

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