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This list represents a selection of ATI projects

Sector:
Services
Insurance Type:
Political Risk Insurance for Loans
Project:
SME Development
Maximum Sum Insured:
$120,000

Small and medium sized enterprises (SMEs) drive economic growth in most countries providing upwards of one-third or more of all jobs. In Malawi, like in many other countries, SMEs are an important part of the economy. They employ more workers than large enterprises, use mainly local resources, cater to the needs of people living at or below the poverty line, and they are more adaptable to client demand.

To facilitate SME development in Malawi, a leading South African franchisor of tool rentals, wanted to meet expanding demand outside of its borders by opening an outlet in Malawi. To finance the project the company solicited funds from IDC, South Africa's state-owned national development finance institution. ATI supported the project by providing coverage to protect IDC's loan against political risk.

IDC helps companies in some 34 African countries access financing in sectors such as agro-processing, infrastructure, transport and construction. The project helped strengthen the synergies between ATI and the Industrial Development Corporation of South Africa, which are both committed to strengthening SMEs in Africa.

Sector:
Services
Insurance Type:
Political Risk Insurance
Risks Covered:
Currency inconvertibility and non-transfer
Project:
Supply of Commercial Vehicles, Bicycles, Equipment and Steel
Maximum Sum Insured:
$500,000

An international steel and auto maker purchased ATI’s cover as a solution to the foreign currency constraints in the country. The foreign currency shortage prevented its local subsidiary from converting or transferring local currency needed to meet their supplier’s payment deadlines for imported goods. 

The transaction facilitates importation of essential equipment used to drive economic activity in the construction industry and the movement of goods across the country.

Sector:
Services
Insurance Type:
Lenders All Risks Policy Single Obligor Trade Credit Insurance
Risks Covered:
Payment default and insolvency of the borrower
Project:
Financing facility
Maximum Sum Insured:
$154,000

This project provides a solution to one of the main obstacles to bank financing faced by the vital SME sector. SMEs in Uganda employ 2.5 million people and they contribute up to 70% of the country’s GDP. In this transaction, a distributor of a major telecommunications provider in Uganda required a credit facility to reach their monthly targets. The extra financing enables them to maintain adequate stock of goods for their retail customers. To make this possible, ATI insured the bank against payment default. ATI will continue to aggressively seek out opportunities to support this sector.

Sector:
Services
Insurance Type:
Non-payment by a sovereign obligor (a government buyer) and contract frustration. Covered risks on pre and post-delivery of goods include transfer restriction, physical damage and business interruption caused by war and civil disturbance, and embargo
Risks Covered:
Political Risk Insurance
Project:
Supply of new fire fighting vehicles
Maximum Sum Insured:
$1.3 million

This project will help Rwanda respond more efficiently to fires and reduce the number of deaths and damage to local business. The potential for human-induced fires is expected to increase – caused in part by a steady stream of people into urban areas and a population estimated to grow from 11 to 16 million by 2020. To help manage the risks, the government contracted a German trading company to supply fire trucks. Before finalizing the contract, the company obtained ATI insurance to offer protection against potential losses in the pre and post-delivery phases of the supply contract.

Sector:
Services
Insurance Type:
Political Risk Insurance
Risks Covered:
Non-honouring of a sovereign obligation (a government commitment)
Project:
Supply of police uniforms
Maximum Sum Insured:
$650,000

After The Government of Tanzania invited bids to supply their police force with new uniforms, the tender was awarded to an East African Textile Manufacturing Company. To support this company, ATI provided an insurance policy against the Government not honouring its Sovereign obligation for the delivered goods.

Sector:
Services
Insurance Type:
Whole Turnover Credit Risk Insurance
Risks Covered:
Insolvency and Protracted Default
Project:
Freight Forwarding by Air and Sea
Maximum Sum Insured:
$5 million

The services sector in Kenya continues to be one of the key contributors to economic growth impacting on nearly every sector of the economy. Under this transaction.

ATI insured a freight forwarder who sought protection against non-payment by their overseas and local customers. The company services a large number of clients in the floriculture sector – a vital sector that contributes 28% of Kenya’s total exports to Europe.

Sector:
Services
Insurance Type:
Political Risk Insurance for Loans
Project:
SME Development
Maximum Sum Insured:
$120,000

Small and medium sized enterprises (SMEs) drive economic growth in most countries providing upwards of one-third or more of all jobs. In Malawi, like in many other countries, SMEs are an important part of the economy. They employ more workers than large enterprises, use mainly local resources, cater to the needs of people living at or below the poverty line, and they are more adaptable to client demand.

To facilitate SME development in Malawi, a leading South African franchisor of tool rentals, wanted to meet expanding demand outside of its borders by opening an outlet in Malawi. To finance the project the company solicited funds from IDC, South Africa's state-owned national development finance institution. ATI supported the project by providing coverage to protect IDC's loan against political risk.

IDC helps companies in some 34 African countries access financing in sectors such as agro-processing, infrastructure, transport and construction. The project helped strengthen the synergies between ATI and the Industrial Development Corporation of South Africa, which are both committed to strengthening SMEs in Africa.

Sector:
Services
Insurance Type:
Political Risk Insurance
Risks Covered:
Currency inconvertibility and non-transfer
Project:
Supply of Commercial Vehicles, Bicycles, Equipment and Steel
Maximum Sum Insured:
$500,000

An international steel and auto maker purchased ATI’s cover as a solution to the foreign currency constraints in the country. The foreign currency shortage prevented its local subsidiary from converting or transferring local currency needed to meet their supplier’s payment deadlines for imported goods. 

The transaction facilitates importation of essential equipment used to drive economic activity in the construction industry and the movement of goods across the country.

Sector:
Services
Insurance Type:
Lenders All Risks Policy Single Obligor Trade Credit Insurance
Risks Covered:
Payment default and insolvency of the borrower
Project:
Financing facility
Maximum Sum Insured:
$154,000

This project provides a solution to one of the main obstacles to bank financing faced by the vital SME sector. SMEs in Uganda employ 2.5 million people and they contribute up to 70% of the country’s GDP. In this transaction, a distributor of a major telecommunications provider in Uganda required a credit facility to reach their monthly targets. The extra financing enables them to maintain adequate stock of goods for their retail customers. To make this possible, ATI insured the bank against payment default. ATI will continue to aggressively seek out opportunities to support this sector.

Sector:
Services
Insurance Type:
Non-payment by a sovereign obligor (a government buyer) and contract frustration. Covered risks on pre and post-delivery of goods include transfer restriction, physical damage and business interruption caused by war and civil disturbance, and embargo
Risks Covered:
Political Risk Insurance
Project:
Supply of new fire fighting vehicles
Maximum Sum Insured:
$1.3 million

This project will help Rwanda respond more efficiently to fires and reduce the number of deaths and damage to local business. The potential for human-induced fires is expected to increase – caused in part by a steady stream of people into urban areas and a population estimated to grow from 11 to 16 million by 2020. To help manage the risks, the government contracted a German trading company to supply fire trucks. Before finalizing the contract, the company obtained ATI insurance to offer protection against potential losses in the pre and post-delivery phases of the supply contract.

Sector:
Services
Insurance Type:
Political Risk Insurance
Risks Covered:
Non-honouring of a sovereign obligation (a government commitment)
Project:
Supply of police uniforms
Maximum Sum Insured:
$650,000

After The Government of Tanzania invited bids to supply their police force with new uniforms, the tender was awarded to an East African Textile Manufacturing Company. To support this company, ATI provided an insurance policy against the Government not honouring its Sovereign obligation for the delivered goods.

Sector:
Services
Insurance Type:
Whole Turnover Credit Risk Insurance
Risks Covered:
Insolvency and Protracted Default
Project:
Freight Forwarding by Air and Sea
Maximum Sum Insured:
$5 million

The services sector in Kenya continues to be one of the key contributors to economic growth impacting on nearly every sector of the economy. Under this transaction.

ATI insured a freight forwarder who sought protection against non-payment by their overseas and local customers. The company services a large number of clients in the floriculture sector – a vital sector that contributes 28% of Kenya’s total exports to Europe.