What benefits does ZEP-RE offer to the region?
• Promotion of Inter-regional trade As a specialised institution of COMESA, ZEP-RE puts into actual practice the aspirations of COMESA of promoting inter-regional trade in its own area of specialisation namely, the insurance and reinsurance industry. • Development of a regional reinsurance market ZEP-RE provides a forum for exchange of business. Presently, the national markets are far apart, relying largely on the traditional reinsurance markets elsewhere. ZEP-REs objective is to promote the development of a strong and reliable regional reinsurance market by facilitating exchange of reinsurance business within the Sub-Region and at the same time, offering reliable reinsurance security. Small companies, which have in the past experienced difficulties in finding reinsurance cover overseas stand to benefit most from the new capacity being made available locally. • Training and manpower development The Sub-Region is currently wholly dependent on the foreign professional reinsurance compani
