Institution details
African Trade & Investment Development Insurance (ATIDI) (ATI)
Key facts
- Established in 2000
- Ownership: Mixed
Not Part of the OECD
Not part of the Berne Union
- Kenya Re Towers, 5th Floor, Off Ragati Road, Upperhill
- +254 20 272 6999
- https://www.ati-aca.org
Latest update: 03/12/2021
| rating type | rating agency | type | rating |
|---|---|---|---|
| Institution rating | S&P | Foreign currency | A |
Products
- Insurance
- Other products
Insurance
- Investment insurance: Can be obtained by firms investing in ATI member countries
- Risks covered include political risk, non-honoring of sovereign and sub-sovereign obligations and debts, confiscation, expropriation and nationalization, arbitration award default, currency inconvertibility, war, civil war, and terrorism" - Trade credit insurance: Offered to African exporters and to international companies with ambitions to enter African markets
- Offers commercial risk protection, such as insolvency and non-payment (protracted default) - Surety bonds for performance risks:
- Advance payment bonds
- Bid bonds
- Customs and warehousing bonds
- Performance bonds
- Retention and maintenance bonds
Other products
- ATI also provides reinsurance for insurance companies, with facultative and treaty options for international insurance partners
Performance highlights
What's new?
- African Development Bank launched a landmark USD 500 million credit insurance deal with ATI and UK reinsurers
- ATI’s portfolio approximately doubled from USD 2.4 billion to USD 4.7 billion in 2018, and gross written premiums grew by 47% over the same period to USD 66 million
- There has been strong interest in membership of ATI from non-African sovereign members, with India’s ECGC committing a USD 10 million investment
- The investment or project must be located in at least one of ATI’s African member countries; however, since ATI has a Pan-African mandate, on a limited and exceptional basis, it can consider a transaction in other African countries