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Is Africa’s risk overpriced? AFC is betting it is

Construction worker at a site in Kitgum Matidi, Uganda Photo by Illustrate Digital Ug @Pexels
Construction worker at a site in Kitgum Matidi, Uganda Photo by Illustrate Digital Ug @Pexels
  • AFC has launched a Bermuda-based insurer with up to $30mn in capital.
  • The captive keeps premiums in-house but leaves AFC carrying much of the risk.

 

LAGOS, NIGERIAAfrica Finance Corporation is becoming its own insurer, betting that African infrastructure risk may be more expensive to insure than its actual losses justify.

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