Product Development

Product Development: Design of a flood cover insurance for SMEs in industrial zones
In Morocco, on behalf of the German Federal Ministry for Economic Cooperation and Development, the Public-Private Partnership between Allianz Reinsurance and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH focused on developing climate risk management approaches for small and medium-sized enterprises (SMEs) in industrial zones, including prevention measures and risk transfer solutions, with the aim to reduce their overall risk exposure. A need for new, innovative insurance products protecting SMEs in the industrial zones against climate risks arose, because several
Design of a Flood Cover Insurance for  Public Assets in Ghana
The Greater Accra Metropolitan Area (GAMA), Ghana experiences perennial rain events on an almost annual basis. This heavy rainfall causes significant economic and physical losses to the Accra region. For instance, approximately 40% of all assets managed by Accra Metropolitan Assembly (AMA) have reported flooding in previous years, while 40 AMA-managed assets are located in major flood zones. Estimates point to roughly ninety million Ghanaian Cedi (GHS) of material damages for these premises. Developing an appropriate insurance product is thus vital in coping with these flood risk damages. It