International Reinsurance
The Global Insurance market is an increasingly difficult environment in which to secure meaningful protection for agricultural risks. Historically, Africa has been considered an undesirable location by the Blue-Chip International markets due to flawed insurance products, limitations to the data quality available, operational inefficiencies in areas such as Risk Evaluation and Loss Adjusting, and short-term decision-making. As a result, agricultural risks in Africa have often had to be Insured by markets without the Underwriting or Credit capacities to effectively fulfill their obligations to the farmer.
Many farmers across Africa now seek reassurance by requesting lists of reinsurers from their insurance companies to ensure the security of their coverage.
AgriRisk International addresses these concerns by ensuring a comprehensive and shared understanding of the programs to be covered among reinsurers, insurers, and policyholders. All our reinsurance programs are led by global experts with a minimum international A credit rating from both AM Best and S&P.
It is crucial for farmers to know that their risk is carried by professional organisations with the track record and financial stability to support their long-term efforts.