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Funding & Sponsorship

Learn about our funding criteria and how to apply for support from Africa Re Foundation.

Prospective beneficiaries of the Africa Re Foundation (ARF) need to understand the objectives, the relevant stakeholders, and the strategic focus areas of the Foundation in order to properly be guided while applying for funds.

ARF Objectives

The ARF is established to facilitate the achievement of the objectives of the Africa Re Trust Fund which is designed to render corporate social responsibility services to the stakeholders of Africa Re.

Generally, the Foundation will be:

  • Providing grants and/or carrying out activities for the development of capacity in managing risks in member countries; and
  • Providing grants and/or carrying out activities for the development of the insurance industry, risk management solutions and regional/continental industry partnerships.

Key Priority Project/Initiative Areas

Specific focus will also be placed on the key priority project/initiative areas:

✓

Risk Awareness

  • Provide training to the insurance industry on risk reduction initiatives
  • Provide general awareness on pandemic, epidemic and other health trends

✓

Insurance Industry Development

  • Provide trainings on technical risk management
  • Provide trainings on other regulatory and risk trends that may affect the entire industry
  • African Insurance Awards
✓

Education

Academic:

  • Support universities and colleges offering insurance courses via scholarship schemes for bachelors and advanced degrees
  • Provide opportunities for paid internships for graduates

Professional:

  • Provide or support training programmes/schools for (re)insurance professionals
  • Develop actuarial capacity in Africa through support of local actuarial associations and sponsoring development of local education contents
✓

Disaster Recovery

  • Provide relief funds for victims of disasters
  • Contribute to the rebuilding of affected communities following disasters
✓

Technology Development

  • Sponsor insurtech start-ups through competitions and cash prizes
  • Support new technology initiatives relevant to the insurance industry such as blockchain
✓

Research and Development

Sponsor academic or professional research into key current and emerging risk issues affecting the insurance industry and communities we operate. These may include mortality, longevity, cyber risk, climate change etc.

✓

Community Development

Sponsor projects targeted at basic infrastructures in the communities we operate:

  • Providing selected facilities at hospitals
  • Providing communities with water and alternative energy
  • Adopt primary or secondary schools in different locations across Africa by providing or upgrading teaching facilities and providing books
  • Environmental management support to local governments in the communities we are physically located such as support draining systems, roads etc.

Sponsor government facilities and programmes to enhance visibility. This may include:

  • Immigration conferences
  • Rehabilitation of key facilities at airports

Funding Criteria/Requirements

Prospective beneficiaries should:

• Understand the objectives of the Foundation

• Fall into the category of relevant stakeholders whose initiatives/projects may be funded by the Foundation

• Ensure that the initiative or project being proposed is within the strategic focus areas that the Foundation recognizes as part of its corporate social responsibility

• Complete the ARF application form and attach relevant documents (including request letter) as may be required

Ready to Apply?

Complete our online application form to submit your funding request. Ensure you have all required documents ready for upload.

Apply Online Now

Need help with your application? Get in touch with our team