{"id":465585,"date":"2026-09-04T09:00:50","date_gmt":"2026-09-04T08:00:50","guid":{"rendered":"https:\/\/www.afis.africa\/sb_session\/panel-premium-drain-can-africas-insurers-and-reinsurers-attain-critical-size-to-shoulder-large-and-speciality-risks\/"},"modified":"2026-09-18T16:00:48","modified_gmt":"2026-09-18T15:00:48","slug":"panel-premium-drain-can-africas-insurers-and-reinsurers-attain-critical-size-to-shoulder-large-and-speciality-risks","status":"publish","type":"sb_session","link":"https:\/\/www.afis.africa\/en\/sb_session\/panel-premium-drain-can-africas-insurers-and-reinsurers-attain-critical-size-to-shoulder-large-and-speciality-risks\/","title":{"rendered":"Panel | Premium drain – Can Africa’s insurers and reinsurers attain critical size to shoulder large and speciality risks?"},"content":{"rendered":"

Premium outflows are rattling Africa’s insurance industry. Around 70-90% of premiums for speciality risks are flowing to non-African reinsurers, Afreximbank said in July. Without well-capitalised, technically skilled local insurers and reinsurers, sectors needing large, specialised cover in oil and gas, aviation and mining default to international coverage – placed offshore directly or fronted locally but ceded to foreign reinsurers. This pushes data, expertise, and profits that could be reinvested in Africa overseas. Stronger reinsurance capacity, risk pooling such as the Africa Re-managed African Oil & Energy Pool, and higher capital minimumshave been proposed as ways to improve retention. How should this be coordinated to make African insurers better positioned to cover large-scale and specialty risks?<\/p>\n

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