According to A.M. Best, Africa Re continues to demonstrate a solid and evolving enterprise risk management (ERM) framework, which remains appropriate relative to its risk profile. The corporation maintains an ERM unit headed by a chief risk officer, who oversees the risk management function across the group. A.M. Best has noted the improvements in Africa Re’s ERM as a factor contributing to the strengthening of technical results over the years. For details click on the full report.
According to Standard & Poor’s: “We assess ARC’s ERM as adequate and improving. We consider there to be improvements in ARC’s ERM and underlying risk controls cascading through the business units. This has afforded the reinsurer with a more detailed understanding of risk exposures and enhancing the underlying control and management of the respective risk components.” For details click on the full report.