Stakeholders of the Africa Re Foundation
Supporting Insurance Development and Strengthening Stakeholders’ Engagement in Africa.
The Africa Re Foundation supports the development of insurance in Africa by engaging stakeholders, promoting ethical partnerships, and delivering impactful social and economic initiatives. Guided by its Charter and core values, the Foundation advances risk management awareness, equitable project distribution, and sustainable development across African communities.
The purpose of the Foundation
The purpose of the Foundation shall be to mobilize funds for risk management for development and development of insurance markets in Africa. Emphasis will be laid on the following:
Providing grants and / or carrying out activities for the development of capacity in managing risks in member countries;
Providing grants and / or carrying out activities for the development of the insurance industry, risk management solutions and regional / continental industry partnerships.
Raising awareness of major risks which could impede the development of the economies in member countries;
Support for innovation and research to develop new risk awareness and prevention measures and mechanisms.
Partnership with academic institutions in member countries to develop risk mapping and modelling to improve the risk underwriting capacity;
Capacity Building including support for training and development of young insurance professionals and students in African insurance markets;
Contribution to the research and development of risk management scheme and mechanism with high impact on low-income population, such as micro-insurance initiatives;
General charitable projects including support and emergency relief for non-insured populations impacted negatively by natural disasters;
Promotion of excellence among the insurance industry players and stakeholders;
Support to any other initiative or activity which contributes to the development of the regional / continental insurance industry
