Opportunities and risks for energy re/insurers in North Africa

As more energy projects are commissioned in the coming years, market participants should also carefully consider how best to effectively mitigate the various specific legal and commercial risks which arise in the region

AFRICA matters. It is projected by the United Nations that in under 25 years, Africa’s population will be 2.5 billion people, meaning that globally more than one in four people will be African by 2050. This upward trajectory in population growth will inevitably lead to an increase in demand for energy, which in turn will lead to more energy construction projects, both onshore and offshore, including renewables.