Insurance Solutions
Tailored for Trade and
Trade-Related Investments
We offer a range of specialized insurance solutions meticulously designed to meet the unique needs of trade and trade-related investments across Africa
Our Business Model
Specialty Insurance Solutions
AfrexInsure offers specialty insurance which is different from the traditional commercial insurance coverage. Specialty insurance refers to those classes of insurance requiring specialized underwriting and claims expertise outside of ordinary motor, household, and small commercial insurances. Our solutions provide value for money thus dispelling the general misconception that specialty insurance is costly and not affordable. Specialty insurance is not intended to be a one size fits all solution and will always be tailor made to fit the needs of the client.
Alternative Risk Solutions
Captive and Cells Insurance Solutions
We help clients build, manage, and administer Captive / Cell insurance solutions. Captive insurance solutions are a form of self-insurance where a company creates its own insurance subsidiary to provide coverage for its own risks, while a cell solution accommodate clients who wish to “rent” a cell for their insurance business rather than set up their own entity.
Our role as a captive/cell insurance manager is to oversee the day-to-day operations of the captive/cell, ensuring compliance with regulatory requirements, managing claims, and providing strategic guidance to the captive’s board of directors. We play a crucial role in the establishment and ongoing management and maintenance of captive/cell insurance solutions. AfrexInsure possess extensive knowledge and expertise in insurance, risk management, and regulatory compliance. Our responsibilities can vary depending on the size and complexity of the captive but generally include the following:
- Captive Formation,
- Risk Assessment and Underwriting,
- Policy Administration,
- Claims Management,
- Financial Management,
- Compliance and Regulatory Oversight, and
- Board Support and Strategic Guidance
Industries we serve
Automative
Clothing & Textile
Construction
Communication
Transport & logistics
Religion
Education
Transport & logistics
Financial Services
Environmental Management
Government & NGOs
Marine
Manufacturing
Aviation
Mining
Pharmaceutical & Health
Professions
Technology & Media
Retail & Consumer Goods
Tourism & Hospitality
Our Markets
AfrexInsure’s target market is Africa, covering all Afreximbank’s “Member States.”