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Initiative on the creation of a credit insurer in Africa. Edward Watson Watson Robinson & Associates. Regional credit insurer. trade into region. intra-regional trade. regional exports. International banks exporters,traders, etc. African banks exporters, traders, etc. African banks
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Initiative on the creation of a credit insurer in Africa Edward Watson Watson Robinson & Associates Tunis 24 October 2000
Regional credit insurer trade into region intra-regional trade regional exports International banks exporters,traders, etc African banks exporters, traders, etc African banks exporters, traders, etc B B B A A ECAs and private insurers African Trade Insurance Agency Facultative political-risk- only reinsurance APolitical-risk-only insurance BComprehensive single risk trade credit insurance Tunis 24 October 2000
Hurdles • volume of business • political risks • information • cost of IT • local expertise • awareness of product Tunis 24 October 2000
Regional credit insurer trade into region intra-regional trade regional exports International banks exporters,traders, etc African banks exporters, traders, etc African banks exporters, traders, etc B B C C C B A A Regional credit insurer credit insurer partner ECAs and private insurers African Trade Insurance Agency Facultative political-risk- only reinsurance Treaty political-risk- only reinsurance APolitical-risk-only insurance BComprehensive single risk trade credit insurance CComprehensive multi-buyer trade credit insurance Tunis 24 October 2000
ATI’s role • issue policies • local dedicated resource and facilities • political risk (re)insurance • coordinate outsourced services Tunis 24 October 2000
management and operational support marketing underwriting monitoring and control of exposures underwriting capacity policy management management of potential claims handling of claims and recoveries information requirements systems and support training Outsourced services Tunis 24 October 2000
Regional credit insurer trade into region intra-regional trade regional exports International banks exporters,traders, etc African banks exporters, traders, etc African banks exporters, traders, etc B B C C C B A A Regional credit insurer credit insurer partner ECAs and private insurers African Trade Insurance Agency Facultative political-risk- only reinsurance Treaty political-risk- only reinsurance reinsurers APolitical-risk-only insurance BComprehensive single risk trade credit insurance CComprehensive multi-buyer trade credit insurance Tunis 24 October 2000
Partner • expertise • security • credibility • systems • private sector • African risk Tunis 24 October 2000
Partner • experience • African buyer information • project driver • long-term view to partnership Tunis 24 October 2000
Regional credit insurer trade into region intra-regional trade regional exports International banks exporters,traders, etc African banks exporters, traders, etc African banks exporters, traders, etc D general and specialist insurance brokers B B C C C B A A Regional credit insurer credit insurer partner ECAs and private insurers African Trade Insurance Agency Facultative political-risk- only reinsurance Treaty political-risk- only reinsurance reinsurers APolitical-risk-only insurance BComprehensive single risk trade credit insurance CComprehensive multi-buyer trade credit insurance D Distribution provided via all broker networks Tunis 24 October 2000
Conclusion • lean • expertise • systems • private sector Tunis 24 October 2000