Africa Specialty Risk: Insurance solutions to encourage Nature based Solutions investments in Africa

Context and background

Investments in Nature based Solutions (NbS) such as forests, regenerative agriculture, mangroves or vegetated buildings keep increase. NbS provide multiple measurable social and environmental benefits such as decreasing urban pollution, storing carbon into soils and vegetation and creating local jobs. Yet, like any other asset, NbS are exposed to environmental risks such as fire or tropical cyclones. Insurance solutions is one of the options to encourage investments into NbS, removing a large part of the risk for private and public investors.

Project description

This project aims to first define the market potential of insurance for NbS, estimating size and potential returns. Based on this market study, the objective would be to provide a recommendation to ASR on investing or not on recruiting a new employee dedicated to developing this line of business.

This project is part of the Transformative Projects: teams of 3-4 SMT students from different disciplines work together over three months on a topic developed by a company with the objective to propose new perspectives and solutions that can have the potential to transform industry or societal practices.