A new collaborative initiative between global reinsurance broker Gallagher Re and pan-African reinsurer Africa Re aims to strengthen countries against a broad range of climate, crisis and disaster risks and may utilise third-party reinsurance capital alongside traditional to augment capacity.
The pair announced their protection gap focused initiative named ‘Accelerating action through scalable risk transfer schemes’ with a goal to create a robust, replicable, and modular framework to help address a wide range of threats and to protect both assets and liabilities.
The framework features a toolkit of analytics solutions, regulatory and policy advice, as well as financial optimisation services, bringing together public and private sectors in the delivery of customised, at-scale financial resilience solutions across Africa.
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