Maksure Risk Solutions, a global independent specialist insurance and reinsurance broker with African roots wake up to exciting news on the 15th of September 2015 when the South African regulatory body FSB approved their license to write life insurance business. This development comes at a time when the business has enjoyed exceptional growth into various Africa insurance markets.
Commenting on the extension of the license, Mr. Simba Makwembere says “this development is welcome and ushers us as a business into a new era where our clients will receive a full bouquet of both quality short term and life insurance products and services”. He explained that initially the life operations will concentrate on offering reinsurance services across various African, Middle East and Latin American markets.
The life insurance business is expected to grow exponentially leveraging off from the short term wing.