Date: 03 September 2020
Time: 16:00 EAT
The Covid-19 pandemic has tested the resilience of African economies, societies and governments. It has challenged the insurance sector in Africa to balance risk protection for their clients with the pandemic’s effect on balance sheets and investment returns. There have been significant disputes resulting from insurers’ rejection of pandemic-related claims, in particular for business interruption policies. This is despite such risks not always being explicitly excluded from insurance policies and the underlying reinsurance treaties. This has led to concerns regarding the relevance of insurance for protection against large systemic risks and the ability of the African and global (re)insurance sector to cover such losses.
This webinar will explore how the reinsurance sector is managing the impact of Covid-19 and what it could learn to better handle future large risk events. It will focus on collaboration within the industry and between public and private stakeholders to improve risk management and transfer across different layers of risk exposure and underwriting capacity.
This is the fifth and final webinar of our series on the impact of Covid-19 on insurance markets in Africa. It is hosted in partnership with Cenfri, the Organisation of Eastern Africa Insurers (OESAI) and the African Insurance Organisation (AIO).
For more information about the webinar, please contact firstname.lastname@example.org