African Center for Catastrophic Risks Repositions

The African Center for Catastrophic Risks (ACCR), managed by Société Centrale de Réassurance (SCR – Morocco), has launched a strategic diagnosis of its activities and plan to further reposition its role as a key structure of the African Insurance Organisation (AIO).
To this end, a roadmap is to be presented at the 47th AIO Conference and General Assembly holding in Lagos from May 31 to June 3, 2020.

ACCR’s mission to develop insurance and reinsurance for Catastrophe Risks and to promote prevention and protection against these risks in Africa.

ACCR’s members include states, African and European companies and regulators operating in the insurance and reinsurance sector.

The African Centre for Catastrophe Risks (ACCR) was created in 2005 in Casablanca by the AIO, in partnership with UNCTAD and the World Bank.

The strategic objectives of the body are to gather and disseminate information on risks (creation of a Nat Cat database in Africa, as we as to develop skills and know-how (risk-mapping, modeling, pricing…)
It is also saddled with the moderation of the inter-branch technical debate to identify areas of development for the catastrophic risk insurance sector in Africa.
Besides, the body was set up to forge partnerships with the public authorities and African and international organisations to tap into additional resources and skills.
The Center also aims to develop an African approach for the design and management of insurance and reinsurance systems for catastrophic risks.