Following a recommendation of the African Development Bank (AfDB), the African Reinsurance Corporation (Africa Re) was established on 24 February, 1976 in Yaounde, Cameroon. An international Agreement was signed by the Plenipotentiaries of 36 member States of the Organization of African Unity (OAU) and the AfDB with the aim of reducing the outflow of foreign exchange from the continent by retaining a substantial proportion of the reinsurance premiums generated therein...

1. News
13th Edition May 2017 English
Digital Technology to Develop Insurance
in Emerging Markets”_4th Casablanca
Insurance Rendez-Vous
Assumption of duty for Mr. Nali Larbi
as Regional Director, Africa Re,
Casablanca Office
His Excellency Adama Barrow,
President of The Gambia, receives
WAICA Governing Council

2. Contents
03.
05.
06. Digital Technology to Develop Insurance
in Emerging Markets”_4th Casablanca
Insurance Rendez-Vous
Assumption of duty for Mr. Nali Larbi as Regional
Director, Africa Re, Casablanca Office
Profile of Mr. Larbi Nali
His Excellency Adama Barrow, President of The Gambia,
receives WAICA Governing Council
09.
NEWS
Contents
9th Edition - November
2015
English
Africa Re House
Plot 1679, Karimu Kotun Street,
Victoria Island
PMB 12765
Lagos, Nigeria
www.africa-re.co
m
Insurance Quote
Group Managing Director’s Message
Partnership
Between Africa Re And
lLO’s Impact Insurance Facility
African Insurance Awards- 2014
Winners
African Insurance Regulation Directory
by Africa Re
Logo Change: Unveiling of Africa Re’s
New Logo
The AGM in Accra, Ghana
Africa Re: The Reinsurance
Firm of the
year M & A Awards 2015
Malawi-Training:
Reinsurance
May 2015
South Africa-Training:
Strategic
Marketing and Sales Planning
South Africa - Training: Non – Life
Reinsurance
Seminar:
Nigeria-Seminar:
Reinsurance
for
Technical Accounting:
Diomande
Tests every man should take
signs not to be ignored
vehicle engine wreckers
1
3
4-5
Africa Re Unveils new Logoin Tunisia
African InsuranceAwards by Africa Re - Maiden Edition
Africa Re News
May 2017
2

3. Assumption of duty for Mr. Nali Larbi as Regional
Director, Africa Re, Casablanca Office
Mr. Mohamed Larbi NALI was officially installed as Regional Director, Africa Re, for the Maghreb
region on Monday 17 April 2017. The assumption of service ceremony was chaired by the
Managing Director of Africa Re Group, Mr. Corneille KAREKEZI, during a cocktail at Hyatt Regency
Hotel in Casablanca.
Mr. Corneille KAREKEZI seized the opportunity to
express his gratitude to Moroccan insurers and
reinsurers for the constant support they have
always given to Africa Re, "which is also your
institution since Morocco was one of the most
active members during the establishment of our
Group and which is perfectly illustrated by the
presence of most Moroccan economic operators
in the Corporation's capital, as historic
shareholders and who remain more strategic for
theGroup''.
The Managing Director of Africa Re assured the
Moroccan market of the Group's ambition to
"strengthen its continental leadership by further
strengthening the quality of its products and
services through innovative and appropriate
solutions, in particular for the Moroccan future
life.
Mr. NALI, after expressing gratitude to Africa Re
for the trust and honour placed on him by
appointing him, seized the opportunity to thank
all the Chairmen, Managing Directors and the
entire professionals of the insurance sector for
their massive presence at the Cocktail. It is an act
of friendship and consideration which he
"considersatitsjustvalue”
"Within this framework, it would be great
pleasure for me to further strengthen our
already close business ties and contribute
together for the development of insurance and
reinsurance in our markets" Mr NALI stated in
his inaugural address.
Africa Re News
3
May 2017
Mr Corneille Karekezi (centre) , Mr Larbi Nali (left), Incoming Regional Director and
Mr Mohamed Belaziz (right), Outgoing Regional Director

4. Africa Re News
4
Professionals of the Moroccan insurance market present at the ceremony
May 2017
Mr Corneille Karekezi, GMD/CEO Africa Re during his Presentation.

5. Africa Re News
5
Mr Mohamed Larbi NALI joined Africa Re in July
2016. His entire career has been spent in
insurance and reinsurance. He started his career
in 1993 as Director of the Life Department in
Société Centrale de Réassurance (SCR). Between
1997 and 2012, he successively held many
positions namely, Director of the Actuarial
Department, Deputy Director in charge of Markets
and Technical Division. In 2012, he was appointed
Managing Director of Société Centrale de
Réassurance(SCR).
He is the founder of the Moroccan Association of
Actuaries and was its Chairman between 2010
and 2013. He was also the Chairman of the African
Centre for Catastrophe Risks (ACCR), Vice-
Chairman of the African Insurance Organisation
(AIO) and Vice-Chairman of the General Arab
InsuranceFederation(GAIF).
He holds a Postgraduate degree in Mathematics
from the Catholic University of Louvain in Belgium
and also a Maîtrise in Actuarial Sciences from the
Business School of the Catholic University of
LouvaininBelgium..
PROFILE OF MR. LARBI NALI
May 2017

6. Africa Re News
6
th
The 4 Casablanca Insurance Rendez-Vous
was held from 19 to 20 April 2017 under the
theme "Reinventing the Customer Experience
in the Digital Era." One of the main lessons
learnt from this year's event is the awareness
of the significant changes made by digital
technology in insurance and the future impact
ofthesechangesintheindustry.
th
During this 4 Rendez-Vous, Mr Corneille
KAREKEZI, Managing Director of the
AfricanReinsuranceCorporation(AfricaRe)
chaired the panel entitled ''Digital
Technology to Develop Insurance in Emerging
Markets." The panellists were eminent
insurance professionals namely, Mr. Recaredo
A R I A S , Director General of AMIS
(Association of Insurance Companies of
Mexico), Mr. Jad ARISS, Managing Director of
AXA Middle East and Africa and Mr Xavier
LARNAUDIE-EIFFEL, Deputy Managing
DirectorofCNPInsurance(Brazil).
Mr Corneille KAREKEZI highlighted that the
theme "Reinventing the Customer Experience
in the Digital Era" is a hot topic as all
stakeholders in the industry are grappling with
the "digitalization" of their working lives and
the transformation of the industry. The
exchange of experience in the panel confirmed
that the insurance industry has a lot to gain
from "digitalisation" in terms of growth
opportunities, possibilities of accomplishing
more, historic opportunities to better serve
andprotectthecorebusiness.
Digital Technology to Develop Insurance
in Emerging Markets”_4th Casablanca
Insurance Rendez-Vous
Mr Corneille Karekezi, Chairman of the Panel
May 2017

7. Africa Re News
7
Digitalization will even impact job orientation in
the industry as confirmed by Mr Recaredo ARIAS
andMrJadARISSwhopointedoutthatinsurance
companies would increasingly resort to IT staff,
programmers / developers, encoders, analysts,
sociologists, psychologists, bloggers, social
mediaexperts,etc.
The financial capacity of insurers and fair and
cost effective pricing for policyholders remain
the fundamental criteria in choosing insurance
products and the insurer. However, service
during underwriting and compensation will
always be decisive and it is especially at this
point that digital revolution is felt and will be felt
intheyearstocome.
According to Mr. Corneille KAREKEZI,
digitalisation will enable insurers to transform
their modes and methods of service to
customers, distribution and product
development. The benefits will be as follows:
fine-tuned data gathering and analysis, online
and real time risk management, more efficient
risk prevention, etc. Digitalization will also
strengthen robotisation and ''disruption. ''
Cross section of participants
May 2017

8. Africa Re News
8
In addition, Mr. Corneille KAREKEZI pointed out
that digitalisation also has a significant
financial impact, implying new challenges. For
the past three years, Africa Re for example, has
experienced increased operating expenses due
to a large extent to information technology. IT
expenses far exceed staff expenses, which have
stagnated.
The MD of Africa Re Group urged insurers and
reinsurers to adopt the digitalization of the
industry "by selectively ignoring the past and
conservatism, optimizing the present by
making maximum use of digital technology and
creating the future to maintain and reaffirm
their importance to humanity and the
economies of their countries." According to Mr.
Jad ARISS, this future will be made of "far
reaching changes in which the survivors are
those who can understand the customer who is
increasingly younger, mobile, digitalized and
informed."
The panel discussions ended with a harsh
observation: in the next 5 to 7 years, the
insurance industry will undergo more
significant changes than in the past 100 years.
In his closing remarks, Mr Corneille KAREKEZI
made a wake-up call regarding the
digitalization challenge, ''in the context where,
compared to the other sectors of the economy,
insurers and reinsurers are the least prepared
to grapple with the advent of digital
technology."
Mr Corneille Karekezi together with the Panellists
May 2017

9. Africa Re News
9
May 2017
His Excellency Adama Barrow, President of The Gambia,
receives WAICA Governing Council
The West Africa Insurance Companies
Association (WAICA) held its 2017 Educational
Conference in Serekunda, The Gambia, on 23
April 2017. The Governing Council of the
Association used the opportunity to pay a
courtesy visit to the President of The Gambia,
His Excellency Adama Barrow, on 24 April 2017
inBanjul,capitalofTheGambia.
While receiving the WAICA delegation, H.E.
Adama Barrow expressed sincere admiration of
the Association's contribution to economic
integration in West Africa through insurance.
According to him, this is in line with the idea that
Africans are in the best position to find
solutions to African problems. Furthermore, he
emphasised the important role insurance plays
in the economy of a nation by citing the example
of European countries where "even a remote
controlofatelevisionisinsured.”
H o w e v e r , t h e P r e s i d e n t e x p r e s s e d
dissatisfaction with the low insurance
penetration rate in Africa and volunteered to be
part of any initiative to reverse the trend in the
continent.
H.E. President Adama Barrow with Mrs. Funmi Omokhodion,
Deputy Regional Director, Anglophone West Africa, Africa Re
Group photo of H.E. President Adama Barrow with
the WAICA Governing Council

10. Africa Re House
Plot 1679, Karimu Kotun Street
Victoria Island
PMB 12765
Lagos, Nigeria
www.africa-re.com
ArtisticDirection:--+2347055824065