Africa

African Trade & Investment Development Insurance (ATIDI): Outstanding Innovators in Trade and Development Insurance Africa 2024

ATIDI, legally known as the African Trade Insurance Agency, is a pioneering pan African multilateral insurer, providing trade & investment insurance aimed at boosting sustainable economic development across Africa. The organisation plays a pivotal role in mitigating political and commercial risks for businesses and investors on the continent. Over recent years, ATIDI has prioritised digital transformation, accelerating the adoption of advanced technologies during and after the pandemic to better serve clients. ATIDI covers risks such as expropriation, non-payment by governments, state-owned companies & corporates, non-honouring of sovereign and sub-sovereign obligations, currency inconvertibility and embargoes. By embracing digital platforms, and improving internal systems, ATIDI has significantly enhanced the speed and accuracy of underwriting, risk assessments, and client interactions. The organisation also promotes innovation through partnerships with emerging insurance technology (insurtech) providers. Additionally, ATIDI has been instrumental in infrastructure development & facilitating green energy projects through its Regional Liquidity Support Facility (RLSF), a guarantee instrument to renewable energy IPPs that sell the electricity generated by their projects to state-owned power utilities. The organisation has strategically positioned itself to support the African Continental Free Trade Area (AfCFTA), enhancing regional trade and contributing to Africa’s economic resilience. ATIDI’s commitment to helping small and medium-sized enterprises (SMEs) to overcome financing barriers also underscores its mission to foster inclusive growth across the continent. ATIDI is one of the highest rated institutions in Africa with an ‘A/Stable’ by Standard & Poor’s and ‘A2/Stable’ rating from Moody’s. ATIDI continues to expand its membership base and geographical reach leading to a more diversified portfolio and stronger capital adequacy, and good profitability. The CFI.co Judging Panel congratulates ATIDI on winning the 2024 award for Outstanding Innovators in Trade and Development Insurance (Africa).

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