FM REINSURANCE PROPERTY & CASUALTY BOTSWANA

SPECIALTY REINSURANCE PRACTICE

INTRODUCTION

F MRE Property & Casualty is a Gaborone based reinsurance company and one of the biggest regional reinsurers in Southern Africa. The reinsurer was established in Botswana in 2010 with a clear mandate to develop local reinsurance market and grow a significant African portfolio.

Besides the traditional segments of reinsurance, the business has a clear orientation towards underwriting of specialty lines of reinsurance in its selected markets.

As part of its market development, the company consistently leverages its expert knowledge and partnerships with leading international underwriters to provide insights in risk management and technical training across Africa. The company’s growth in Botswana and the region is linked to the development of customer focused insurance products for emerging risks like cyber, liabilities and agricultural risks.

MAJOR MILESTONES

• Average Y-o-Y Growth past 7 years at 30% CAGR making it the fastest growing reinsurance company in Africa

• Average underwriting margin past 7 years 11.5% delivering one of the most profitable margins in the market as compared to peers across Africa.

• Proprietary Catastrophe Model for Botswana &

Mozambique

• One of the 1st African reinsurer to deliver a Cat & Pricing Model

• Biggest claim settled US$3 million in 2019

SPECIALTY AREAS

• Reinsurance Structuring

• Specialised Liabilities

• Risk Management

• Agriculture

• Actuarial

• Pricing

CUSTOMER & SHAREHOLDER VALUE DELIVERY

• Supporting product development & pricing • Consistent approach to underwriting

• Evolving risk modelling capabilities

• Supporting of new business opportunities and markets

• Earnings protection in all lines of business