WAICA Re is a forward-looking reinsurance and financial services organisation committed to developing its people, enhancing the environment, and maintaining sound investing and underwriting principles. The Board and management are committed to integrating ESG into its business decisions, operations, investments, underwriting, products, and services. Our tagline is “Building Together Today Towards a Stronger Tomorrow “. The tagline forms the building block of our relationship with people and the environment. By people we mean our staff, clients, shareholders, suppliers, the community, and other interested parties.
By environment, we mean the natural surroundings where we operate, including the components of the ecosystems, such as climate, weather, natural resources, animals, and trees responsible for the sustainability of our lives and business operations. We are a financial institution interested in responsible investing and sustainable insurance.
We are committed to aligning our operations with the UN Sustainable Development Goals. Our key ESG Objectives include:
- Incorporating environmental, social and governance (ESG) related issues into investment and financial analysis as well as decision-making processes.
- Incorporating environmental, social and governance (ESG) related issues into our underwriting approach and business selection.
- Incorporate ESG into our corporate governance and compliance.
- Providing economic and social development opportunities to the communities within the countries where we operate.
- Leading the digital transformation change in Africa’s insurance industry.
WAICA Re is at the forefront of driving digital transformation and sustainability in Africa’s reinsurance sector. Our commitment to Environmental, Social, and Governance (ESG) principles guides our strategic approach as we continuously innovate to reduce our carbon footprint, promote gender equality, enhance employee well-being, and uphold workplace health and safety standards. Through our corporate social responsibility initiatives, we actively contribute to community development while fostering a well-diversified workforce and Board that reflects our dedication to ethical leadership and inclusive growth.
As a leading reinsurance company in Africa, we are deeply committed to embedding sustainability into the heart of our strategic vision. Our sustainability strategy is built on the pillars of environmental integrity, social responsibility, and robust governance, ensuring that we contribute positively to the region’s sustainable development. Our sustainability drive will be extended to all the new territories we expand into.
We prioritise the reduction of our environmental footprint by promoting energy efficiency, waste reduction, and the adoption of clean technologies within our operations. Recognising the vulnerability of Africa to climate change, we are dedicated to developing innovative reinsurance products that enhance climate resilience for our clients and communities. Socially, we are committed to empowering local economies, fostering inclusive growth, and upholding the highest standards of workplace ethics and human rights. We invest in community development initiatives and capacity-building programs that drive progress and uplift the lives of people in the regions we serve.
Governance is critical to implementing our strategies. We maintain transparency, accountability, and ethical business practices, ensuring compliance with both local and international standards. Our governance framework supports our sustainability objectives and guides our company in making decisions that align with our long-term commitment to the well-being of our stakeholders and the environment.