The insurer APA is offering a cover against political risks
APA Insurance has been recently distributing insurance policies covering political risks including terrorism and sabotage. This cover is offered as a supplement to the motor and property insurance policies. A reinsurance plan has been established in association with African Trade Insurance Agency (ATI). The latter is likely to benefit from a premium volume of 31 million KES (429 040 USD)in terms of this new cover. The violence that ensued the 2007's elections caused claims of 1 billion KES (14. 9 million USD).
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Fri, 25/02/2011 - 16:46
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