Enabling Sustainable Economic Development
Matching local expertise with global capital, our platform is fulfilling unmet insurance needs in developing markets
About Us
Africa Specialty Risks (ASR) is enabling sustainable economic development by fulfilling unmet insurance needs. Our platform provides local underwriting expertise, an unparalleled distribution network and access to global capacity.
Founded in the heart of Africa and with offices across the continent and the Middle East, we provide regional market knowledge, data insights, and technical proficiency for capital partners who are looking to increase their presence in growth markets.
We also participate on each and every risk we underwrite with balance sheets in Bermuda, Mauritius and through Syndicate 2454 at Lloyd’s. ASR is committed to accelerating business growth by providing customised service and innovative insurance products to enable development.
Enabling Development
Founded in the heart of Africa, ASR was established to tackle the problems many developing market businesses face when seeking adequate insurance coverage. While global specialty insurers provide certain coverage in developed markets, they’re often unable or unwilling to handle the unique risk landscape within the African continent.
This means many prosperous organisations are unable to realise their true growth potential as they lack ways to protect against risks.
We at ASR realise that there’s a gap to bridge global specialty underwriting and capacity to local developing markets.
As we’ve grown, we understand that many businesses outside of Africa face the same problems. ASR continues to expand its unique platform, matching local knowledge, specialty technical underwriting ability and access to global capital to the developing world.
Through this, we are proud that we’ve not only built a fast-growing risk platform, but that we’re enabling sustainable economic development by fulfilling unmet insurance needs.
Our Team
Our success is integrally linked to the diversity of our workforce, with an inclusive culture reflecting the markets we work in. The underwriting team at ASR have unique knowledge of the markets they operate in. Their local linguistic and cultural knowledge, along with technical insight into the risks they underwrite, ensure that we can provide a competitive edge when reviewing submissions.
Our lead underwriters spend significant time travelling, embedded in local markets so they can fully understand businesses and tailor insurance solutions appropriate for their risks. We also pride ourselves on hiring localised underwriters and support staff so we can provide meaningful presence to our worldwide presence.
Africa Specialty Risks is an embodiment of our mission. We wish to bring global expertise to local markets, enabling sustainable economic development in growth markets.
ASR in the Community
Through our network and local expertise, ASR is embedded within the communities we serve. The impact of our underwriting is directly visible, with our staff frequently on the ground, expanding our distribution network, making local contacts and enhancing our expertise.
ASR is also part of various organisations and networks which give us access to the best local intelligence and information, allowing us to make informed decisions about risk factors, often before political and economic developments reach global markets.
This local knowledge means we work directly with the communities we insure, seeing the positive impact that insurance can have on enabling economic development, improving lives, and producing better communities, societies and environments.
Lines of Business
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Captive Solutions
Locations
United Kingdom
88 Leadenhall Street,
London,
EC3A 3BP
Morocco
5éme Etage Tour CFC,
Lot 57, Quatier Casa Anfa,
Avenue Main Street,
Hay Hassani,
Casablanca
Bermuda
Point House,
6 Front Street,
Hamilton 11
Mauritius
1st floor,
Ebène Skies,
Rue de l’Institut,
Ebène
Dubai
Level 15,
The Gate Building,
East Wing,
DIFC,
Dubai
Media
ASR’s latest news and milestones
