Captive insurance in Africa – Identifying the right location to mitigate your risks

10

June

  • 3PM London / 10AM New York
  • Free

Why attend?

Whilst traditional insurance models have struggled, captives are gaining traction as Africa-based businesses recognise the benefits of this form of insurance. Companies are increasingly looking for customised solutions to address their specific risk by forming subsidiaries, particularly in sectors that face unique challenges such as agriculture, mining, and energy.

And fintech is also playing a role by improving accessibility, fostering innovation in product development, automating processes for efficiency, innovating risk management practices, and building collaborative ecosystems. Captives are beginning to leverage these technologies for risk assessment and claims processing, increasing efficiencies and reducing costs.

However, for Africa-based companies wishing to establish a captive-insurance subsidiary, they need a safe location to operate which can offer a solid regulatory framework, fintech-friendly and political stable, and can mitigate the risks associated with doing business in Africa.

We invite you to join the Economic Development Board (EDB) of Mauritius for an informative webinar that examines the attraction for basing captive insurance entities in Mauritius.

This webinar will also discuss the developing captive insurance market in Africa, highlighting market trends and how companies can ensure that they have a solid foundation in Mauritius from which to grow, safeguard and develop their captive-insurance subsidiary.

Learning Objectives:

  • Understand the emergence of captive insurance in Africa
    Gain insights into why African companies – especially in high-risk sectors like agriculture, mining, and energy – are increasingly turning to captive insurance models to address their unique risk profiles.
  • Explore how fintech is transforming the captive insurance landscape
    Discover how technological advancements are improving accessibility, streamlining operations, and reducing costs through innovations in claims processing, risk assessment, and collaborative ecosystems.
  • Evaluate key considerations for selecting the right jurisdiction for captive insurance
    Learn why Mauritius is emerging as a preferred base for captive insurance entities, including its regulatory advantages, fintech-friendly environment, and political and economic stability.

Speakers

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Vasish Ramkhalawon
Secretary General, Insurers Association of Mauritius

Vasish holds an Engineering Degree from NIT, India, an MBA from University of Hull, UK and other professional certifications from World Bank, ICAO and Harvard Mentor. As Secretary General of the Insurers Association of Mauritius, Vasish is a member of various national and technical committees namely:

  • Financial Services Consultative Council
  • Technical Committee on Insurance and Pension
  • National Task Force on AML/CFT
  • National Road Safety Council
  • Building Control Advisory Council
  • National Health Accounts Committee
  • Finance Sectoral Committee of the Human Resource Development Council

Vasish is currently also serving as Board/Council Member of the following organisations:

  • Employees Welfare Fund where he is also the Chairperson of the Project Monitoring Committee
  • Business Mauritius
  • Secretary of the Africa Network of Insurers Association (ANIA), an AIO Body

In the past, Vasish has served as Board/Council Member of the following organisations :

  • Mauritius Deposit Insurance Co. Ltd
  • Board/Council Member of the University of Mauritius where he was also the Chairperson of the Budget and Infrastructure Committee
  • Board member of the Financial Services Institute of Mauritius

He has also served as:

  • UNDP National Consultant for Mauritius
  • World Bank Country Officer for Mauritius and Seychelles
  • Lead Consultant, Senior Manager and Executive Director of various key institutions in UK, Africa and India.
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Vikram Ramlochun
Managing Director, Guardrisk Group Mauritius

Managing Director of:

  • Guardrisk International Ltd PCC (Professional Reinsurer).
  • Guardrisk Insurance Company Mauritius Ltd PCC (External Insurer).
  • Guardrisk Life International Ltd PCC (External Insurer).
  • Guardrisk Insurance Management Ltd in Mauritius (Insurance Manager).
  • 26 years’ experience in the Financial Services Industry in Mauritius.
  • 23 years’ experience in the International Cell Captive Insurance industry.
  • Independent Non-Executive Director of Cell Insurance Company Ltd in Zimbabwe
  • Chairman of Finance Committee of Cell Insurance Company Ltd in Zimbabwe.
  • Member of the FSC’s Insurance Committee in Mauritius.
  • Member of ACCA UK.

 

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Krishna Bheenick
Managing Director, Africa Specialty Risks Mauritius

Krishna Bheenick has over 20+ years of insurance experience across Africa, UK, Europe and Asia.

He is currently Managing Director for Africa Specialty Risks (ASR) in Mauritius and also heads the ASR Captive Solutions team, providing turnkey solutions to organisations that want to setup Captives. that He Prior to joining ASR, Krishna was Senior Manager in Swan General’s Group Finance team in Mauritius, where he was responsible for capital management, business performance, governance, financial reporting, and controls of general and life insurance. A well established business partner and adviser with a strong commercial capability to achieve sustainable profitable growth, Krishna also held senior finance roles at XLCatlin (UK) and Munich Re of Africa and Mauritius.

Born in Mauritius and educated in the UK, Krishna is a Qualified Chartered Accountant and holds a BSc in Computer Science with Business and Management from the University of Manchester. Krishna is fluent in English and French.

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Eugenia Perozo
Editor, Investment Monitor

Eugenia Perozo is the editor for Investment Monitor, where she reports on political and economic trends affecting global FDI flows. She has covered the onslaught of US tariffs, travelling to an investment conference in Washington DC to report on how these have affected foreign business sentiment. She holds a Philosophy, Politics and Economics degree from Warwick University.

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