Maksure Risk Solutions – an Afro-global independent specialist insurance and reinsurance broker, has geared up its livestock insurance offering by investing in solutions for east Africa. The company has spent time in research to understand the pain points for both subsistence and commercial farmers and continues to fine tune its tailored insurance solutions for the region.
The Maksure Risk Solutions livestock insurance product is backed by leading regional and international reinsurers and seeks to address the fundamental risks faced by African farmers. The product covers mortality risk as a result of accident, injury, sickness, or disease as well as catastrophic events due to natural disaster or climatic event which include drought, flooding, natural landslip, earthquake, fire including storm, etc.
“Our thrust is to ensure that the more than 400 000 livestock keeping families across the African continent have access to quality tailor made agriculture insurance that meet their needs” said Mr. Simba Makwembere, Managing Director at Maksure Risk Solutions. “We look forward to increasing the current 750 000 headstock we insure to above 2 million in the next 12 months,” he added.
The product covers a number of livestock which include cattle, goats, sheep, piggery, poultry.
Maksure Risk Solutions is partnering with carefully handpicked insurers to roll out the product in east Africa. The product has been gaining market traction in southern Africa in countries which include Lesotho, Zimbabwe, Zambia, Botswana and South Africa.
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.