Africa News - Africa Re partners with ILO to enhance microinsurance

Source: Middle East Insurance Review | Dec 2015

Africa Re and the International Labour Organization’s (ILO’s) Impact Insurance Facility have signed a partnership to support and enhance the development of microinsurance markets in African countries.

The partnership between the two entities will develop the capacity of insurance providers to offer products to the financially excluded population, and will promote cross-country collaboration and sharing of good practices among African countries. The deal will also strengthen substantially Africa Re’s efforts in further developing the regional insurance market.

“We are thrilled to collaborate with Africa Re to extend better insurance coverage to more low-income households, small enterprises and smallholder farmers. We believe that Africa Re’s relationship with the insurance industry and governments across the continent will provide a strategic entry through which we can jointly promote the impact insurance agenda,” said Mr Michal Matul, Chief Project Manager of the ILO’s Impact Insurance Facility.

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