We recently featured in the 46TH OESAI Annual Conference Magazine. The article looks at the insurance industry and the wave of recent innovation driven by technology, data analytics, and artificial intelligence, particular around parametric insurance.
Insurance and reinsurance is undoubtedly reshaping the landscape in Africa and the Middle East. As climate risks become more pressing, parametric products are vital in supporting vulnerable communities and sectors. These efforts not only mitigate risks but also open up investment opportunities, enhance economic stability, and promote sustainable development.
At ASR we try to be at the forefront of this transformation, pioneering insurance and reinsurance solutions that address the unique challenges of the African continent and beyond. Our strategic initiatives, including cyclone insurance in Mozambique, solar farm bankability guarantees through parametric insurance, and hybrid weather and area yield cover, we are setting new benchmarks in the industry.
Read more to find out more about our parametric cyclone insurance, how ASR is unlocking the solar revolution, the impact weather and area yield cover is having on the agricultural sector, and how we utilise data analytics and technology to enhance products.