Insurance pools in Africa
The need to cover ever increasing risks and retain maximum premiums on the local market has urged insurance companies to join forces.
Currently, there are various types of insurance pools; some are local while others are regional or continental.
Major African insurance pools
Insurance pool | Date of creation | Country |
---|---|---|
Insurance pool for oil and gas risks | 2018 | Senegal |
Energy and Allied Insurance Pool of Nigeria | 2015 | Nigeria |
African Risk Capacity (ARC) – Pool for natural catastrophe risks | 2014 | South Africa |
Health microinsurance pool (PMAS) | 2013 | Senegal |
Ghana Agricultural Insurance Pool (GAIP) | 2011 | Ghana |
Co-insurance pool for public passenger transportation | 2009 | Cameroon |
Co-insurance pool for public passenger transportation | 2007 | Côte d'Ivoire |
2009 | Algeria | |
African Oil and Energy Pool (AOEIP) | 1989 | Nigeria |
Nigeria Liability Insurance Pool (NLIP) | 1988 | Nigeria |
African Aviation Pool (AAP) | 1983 | Nigeria |
South African Special Risks Insurance Association (SASRIA) | 1979 | South Africa |
NB : Non exhaustive list
Other pools are to be established soon in Africa. The ongoing talks may lead to a Pan-African pool involving the Gabonese SCG-Ré and the Kenyan Zep-Re.
Read also | Four new Egyptian insurance pools
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Fri, 17/05/2019 - 12:19
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