Hope for microinsurance as Swiss reinsurer boosts high-risk products

Underwriting Africa has partnered with Swiss Reinsurance to cover high-risk sectors, which include oil and gas, aviation, trade credit, political risk insurance, microinsurance, bonds, sureties and guarantees.

Swiss Reinsurance is the second-largest reinsurance company in the world, with assets amounting to more than $250 billion (Sh25.8 trillion), while Underwriting Africa is a boutique insurance company that focuses on high-risk categories. The latter firm is headquartered in Nairobi, with representative offices in London and Paris.