Insurance in the frontier markets ±›Iƒ is 100 financed y the ±enyan overnment and is avaia e for free to astoraists nomad farmers„ reistered under the £uner Žafety Net ƒroram‡ 1¢ ˆhe roram covers five troica ivestock units er househod‡ ›oca insurance comanies are sein to†u covers for additiona ivestock‡ ngineering insurance for large infrastructure ro‚ectsƒ e„tractie industries Investments in infrastructure and the ŽŽ‘ frontier markets ack ood u ic infrastructure… and overnments are tryin to extractive industries in ŽŽ‘ wi aso remedy the situation with suort from deveoment rorammes or rivate/semi† oen u insurance oortunities‡ rivate financin‡ Investment in infrastructure wi enefit enineerin and roerty† reated ines of insurance usiness‡ ”ther areas of rowth are extractive industries… incudin exoration of new†found oi and as fieds‡ ‚ue to ow oi rices… most of these ro“ects are currenty on hod as they woud e uneconomica‡ ‰ut if oi rices re ound… many of the oi Ÿ as ro“ects wi e ack on ine‡ In the meantime… oca insurers are vyin for a reater invovement in oi and as‡ ˆhis is ein suorted y reuators who are introducin or enforcin oca content rues for this ine of usiness more viorousy‡ 17 ‘ troica ivestock unit is a reference unit for areatin ivestock deendin on tye… ae and siŠe… with – for exame – a fuy†rown came as 1‡0 unit and catte at 0‡¢ unit‡ 10 Swiss Re sigma No 2/2016
Insuring The Frontier Markets Page 10 Page 12