Insurers and reinsurers urged to support infrastructure projects in Africa

Industry professionals attending the 27^th AIO Reinsurance Forum in Tunis, taking place from 30 September to 4 October 2023, have called for the development of public-private partnerships and for insurance companies to be more involved in financing infrastructure projects.

For Hassene Feki, President of the Tunisian Federation of Insurance Companies (FTUSA), African market players must above all:

• strengthen the life insurance sector through regulatory and tax incentives. This initiative would enable the industry to mobilize long-term savings to finance infrastructure projects,
• develop the reinsurance business to support non-life insurers in covering major projects,
• reduce the high cost of credit insurance premiums, and encourage investment and the exchange of financial flows within the continent.