AfrexInsure: Insurance Management Services

Date: 10/28/2022

AfrexInsure, a subsidiary of Afreximbank, is an insurance management services company which offers specialty insurance solutions for trade and trade-related investments across Africa. AfrexInsure is a single-entry point for all your specialty insurance needs and to assist in optimally managing your risks.

What AfrexInsure offers:

A focal point for specialty insurance solutions and ensuring that the right-fit insurance solutions are secured
Vital insurance solutions for trade and trade-related investments across Africa
Access to quality, best-in-breed specialty insurance
Tailor-made specialty insurance solutions
African knowledge and risk expertise by leveraging its presence across the African continent and deep understanding of the African market

Insurance Solutions

The following are some examples of the solutions that may be offered, however, please contact the team to discuss your specific requirements.

Cargo

Cargo risks are inherent in most operations – whether marine cargo or land and air transits – and exposure to losses and liabilities that arise from the cargo are a risk to businesses. Afrexinsure’s insurance solutions afford coverage in respect of the property damage to the cargo and associated cargo liability is included.

Construction

The construction industry is characterized by multiple-risk variables that impact on safety, timing, completion and profitability. Across Africa, the infrastructure growth is significant and construction is an underlying growth industry. Afrexinsure’s insurance solutions will protect these projects from property damage to contractor property, contract works, weather and natural catastrophes and human error, including the associated delay in startup expenses. Separately, the associated third-party liability and associated marine cargo coverage, including marine cargo delay in startup, is also offered.

Operations

Energy

Energy and power companies face significant challenges and wide-ranging risks as the industry continues to transform at a rapid pace. Across Africa, energy demand is growing and Afrexinsure insurance offers coverage for oil and gas infrastructure, as well as conventional and renewable energy assets. The coverage may include infrastructure damage, weather and natural catastrophes and human error, including the associated business interruption therein. Separately, the associated third-party liability coverage may also be availed.