CORPORATESNAPSHOT

MILESTONES

KEY FIGURES(US$ millions) 2014 2013 % Change

Net Earned Premium 7.6 6 +27

Pro�t 4.4 1.5 +193

218 206 +5.5

Gross Exposure 1,300 872 +49

17 12 +42

KEY PEOPLE

Chairman of the Board Israel L. Kamuzora

George Otieno

Jef Vincent

Toavina Ramamonjiarisoa

Chief Investor Relations Manager Cyprien Sakubu

COMPANY PROFILE

The African Trade Insurance Agency (ATI) provides insurance, co-insurance and reinsurance to protect against credit, investment and political risks.

ATI is able to insure projects against political and non-payment risks that have at least one arm of a transaction in any one of its African member countries. To view the most recent list of members visit www.ati-aca.org

Mandated to attract investments and increase trade within Africa, ATI has insured African trade and investments valued at over $17 billion since its launch in 2001.

ATI is the second highest rated institution in Africa with an ‘A Long Term’ rating issued by Standard & Poor’s.

Start of commercial operations. Headquarters open in Nairobi, Kenya

New product launched, non-payment insurance of private and public obligors

Capital restructuring is complete. ATI is able to pool the resources of its member countries expanding the capital base

First assessment by S&P (A Long-Term Stable)

Zambia/Malawi

Lusaka

SACE, the Italian Export Credit Agency invests $10 million

OECD agency to join ATI

in Kampala

ATI celebrates its tenth anniversary, having supported $10 billion of trade & investment

Benin becomes

African State to join ATI

2014 2013 2012 2011 2009 2008 2007 2006 2002

www.ati-aca.org

ATI GLOBAL COVER

PARTNERS

We work with a global network of reinsurance partners enabling us to cover small and large projects. Our reinsurance partners include Africa Re, Atradius, The Islamic Corporation for Insurance of Investments and Export Credits (ICIEC), the Lloyd’s of London Insurance Syndicates, Munich Re, SACE and Zep Re.

Our Insurance Brokers’ Program also plays a key role in our expansion strategy. These partnerships provide additional distribution networks that give clients better access to our

www.ati-aca.org

SHAREHOLDERS

We are owned by African member countries and a range of regional institutions and private and public institutions.

Membership is open to all African Union member states, non-African states, private corporations,

www.ati-aca.org

AfDB completes its membership into ATI

Full Member Countries(where ATI is able to conduct business.As of 31 December, 2014)

• Benin• Burundi• Democratic Republic of Congo• Kenya• Madagascar• Malawi• Rwanda• Tanzania• Uganda• Zambia

ATI joins the Berne Union, the leading association for export credit & investment insurers worldwide

ATI solidi�es the ECOWAS and EIB partnerships

Kenya Reinsurance Corporation Ltd. (Kenya Re) is con�med as a shareholder

Total Assets

(unaudited)

Gross Written Premium

PRODUCTS

Trade Credit Insurance

you can also receive valuable credit information on buyers and access to

There are two types of Trade Credit products. Whole Turnover (WTO) insures your entire portfolio of buyers or debtors. Typically this is a short-term policy that covers business-to-business and trade related transactions.

The Single Obligor (SO) product covers only one buyer or debtor but it is

to-medium term product covering on average a peroid of one to three years.

Risks covered• A corporate buyer/borrower who refuses to pay or is unable to pay due

to insolvency• A corporate buyer/borrower who fails to pay due to deteriorating

• A corporate buyer/borrower who extends your payment beyond the agreed credit period (protracted default)

• Public buyers (public institutions) can also be included

Investment Insurance (Political Risk)This insurance protects your investments, projects, goods and contracts against any unfair political action or inaction by a government that would

countries. It can also cover loss due to war & civil disturbance.

Risks coveredThis is a selection of the risks we cover under this product.

• Expropriation of your assets• Inability to convert or transfer out of the country local funds into freely

convertible currency such as US dollars• Business interruption or damage to your goods due to war or civil

disturbance• Trade embargoes or any other sanctions imposed by the Security

Council of the United Nations• A host government or public institution unfairly refuse to reimburse

you for a performance, bid or other pre-paid project bond• Non-payment by host governments or public institution • Default by a host government on an arbitration award• Breach of contract by a host government

$28.3 millionPolitical risk insuranceRoad reconstruction

A local engineering company

KENYA

$60 millionPolitical risk insurance

Purchase of new airplanes by a local carrierA regional bank

RWANDA

$3.8 millionPolitical risk insurance

Construction of a retail and commercial complex

An international property developerMALAWI

$7 millionComprehensive non-payment

insuranceSupply of fuel to a copper

mineAn African bank

DR CONGO

$17.3 millionPolitical Risk Insurance

Rehabilitation of energy and water infrastructure

An international energy companyBURUNDI

$250 millionPolitical risk insuranceA term loan facility to

infrastructure programAn African bank

TANZANIA

$16.7 millionPolitical Risk Insurance

Supply of transport vehicles to a government agencyAn international bank

UGANDA

$350 million Political risk insurance

Short-term credit facility to support fuel imports

An African multilateral bank

ZAMBIA

www.ati-aca.org

• Contract frustration such as unilateral cancellation of your operating contract or license

Political Violence, Terrorism & Sabotage Insurance

politically motivated violence or terrorism and sabotage events. We can insure you directly on a stand-alone basis or through an insurer under a reinsurance contract.

Risks covered• Damage to property• Loss of income or revenues due to business interruption

most concerned about.

Surety BondsThis product range protects government agencies and contracted companies to ensure that contracts are completed according to mutually agreed terms.

reinsure the bank or the insurance company issuing the bond. This new line of business has so far not been introduced in all our member states. We will assess the needs and the potential of each market and decide case by case on the products we will issue or reinsure.

• Advance Payment Bonds • Perfomance Bonds • Bid Bonds • Retention & Maintenance Bonds• Customs & Warehousing Bonds

CONTACTS

Physical Address: Kenya Re Towers, 5th Floor,

Mailing Address: P.O. Box 10620, G.P.O. 00100, Nairobi, KenyaTel. +254 20 272 6999 / 271 9727Mob. +254 722 205 007Fax: 254 20 271 9701Email. info@ati-aca.org

ATI TanzaniaPhysical Address:Private Sector House, 1st Floor,1288, Mwaya Road, Msasani Peninsula Mailing Address: P.O. Box 11313, Dar es Salaam, TanzaniaTel. +255 22 260 1913 / 1938Mob. +255 754 286 299Fax +255 22 260 2368Email. tanzania@ati-aca.org

ATI UgandaPhysical Address:Workers House, 9th Floor, Southern Wing, Plot 1, Pilkington RoadTel. +254 202 726 999Mob. +256 776 966 900Email. uganda@ati-aca.org

ATI Zambia & MalawiPhysical Address:Kwacha House Annex, Cairo RoadMailing Address: P.O. Box 31303Tel. +260 211 227 745Mob. +260 978 778 545Fax: + 260 211 227 746Email. zambia@ati-aca.org

Africa’s Trade Credit & Political Risk Insurer

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