WAICA Re recognises that sustainability is not just a trend but a strategic element essential to our underwriting practice. We integrate sustainability risks into our reinsurance business by adopting a holistic approach that aligns with global best practices. Our thorough risk assessments, which consider environmental, social, and governance (ESG) factors, ensure that our underwriting processes are strategically designed to reflect the potential long-term impacts of these risks. Our commitment to sustainability is strategically woven into our product development, where we design reinsurance solutions that support renewable energy projects, climate change mitigation and adaptation efforts and more.
Strategically engaging with our clients and broader society allows us to share insights and strategies on managing sustainability risks, fostering a culture of resilience and responsibility. Our investment strategy is also guided by ESG principles, where we prioritise assets and asset managers that contribute to sustainable development while minimising exposure to unsustainable practices.
By strategically embedding sustainability into our core operations, WAICA Re demonstrates leadership in responsible business conduct, setting a precedent for the industry in Africa and beyond as we expand our global footprint. Our proactive and strategic stance on sustainability risks not only safeguards our business but also strategically contributes to the well-being of the communities and environments we serve.
