What operational functions is ZEP-RE mandated to do to achieve its objectives?
• Transact reinsurance business through treaty and facultative cessions in respect of all or some classes of insurance inside as well as outside the Sub-Region; • Create and administer pools for various risks for the account and to the interest of the sub-region’s insurance and reinsurance markets; • Facilitate the training of insurance and reinsurance industry personnel in the Sub-Region; • Provide technical assistance to the insurance and reinsurance institutions of the Sub-Region; • Invest its funds in the Sub-Region in a manner that promotes economic development, provided the Company may invest outside the Sub-Region to meet its operational and/or technical requirements; • Promote contacts and business co-operation among national insurance and reinsurance institutions in the Sub-Region; and • Undertake other activities incidental to its operations, but excluding the underwriting of direct insurance business.
