Africa is home to some of the world’s most exclusive innovations and creativity. Worldwide, there is a trend of increased patent applications each year, with more than 3 million applications filed in 2017. This trend is also true in Africa where South Africa, for example, has experienced a 29.5% increase in patents applications. It is argued that the increase in the number of patents applications is a good indication that there is more innovation taking place than before.
There is inherent legal exposure associated with patents. At Maksure Risk Solutions, we have structured innovative, competitive and sustainable insurance solutions that help mitigate legal exposures inherent in intellectual property.
The products are underwritten with a Lloyds coverholder, it provides cover to a wide range of intellectual property which include:
- Industrial Designs
- Geographical Indications
Patents dominate the intellectual property solutions in southern Africa. On the other hand, Maksure Risk Solutions has set its focus in providing insurance and reinsurance solutions for intellectual property. We custom tailor insurance and reinsurance products that protects our client against legal expenses inherent in intellectual property.
“We believe that our new product addition of Intellectual Property will go a long way in managing risk associated with legal expenses inherent in intellectual property solutions,” said Mr. Simba Makwembere, Managing Director at Maksure Risk Solutions.
For more information regarding this product, contact our Chief Operating Officer, Mr Knighty Mawere at +27 11 805 0086.
About Maksure Risk Solutions
Maksure Risk Solutions is an Afro-Global independent specialist insurance and reinsurance broker with business footprint in Africa, Asia, East & Western Europe, South America and the Caribbean. We provide innovative and tailor-made risk solutions in Insurance and Reinsurance as well as Risk Financing and Actuarial Consulting geared towards capital management and strengthening our client’s balance sheet. Maksure is also one of the major players in Captive Management (Establishment & Management) in South Africa, Mauritius, Bermuda and various other jurisdictions. We are a Lloyds of London Accredited broker with a deep understanding of African markets. Our global nature ensures that our clients access quality capacity as well as some of the world’s latest thinking and solutions.