BOAD and ASR to establish a captive insurance company

The West African Development Bank (BOAD) and Africa Specialty Risks (ASR) have signed an agreement to carry out a feasibility study for the establishment of a captive insurance company.

Under the terms of this partnership, ASR will support BOAD in setting up and managing the captive.

This initiative will allow the bank to achieve greater financial flexibility and resilience in the management of specific risks.