Building Local Capacity: The Push to Domicile Natural Gas Insurance Premium in Africa
Africa's natural gas sector is attracting $250+ billion in capital investment through 2035, yet 70-85% of associated insurance premiums-approximately $1.8-2.4 billion annually-flow offshore to London, Munich, and Bermuda markets. This capital flight is ending. Nigeria enacted comprehensive insurance reform in 2025 mandating local placement. Ghana, Kenya, and Mozambique have strengthened retention requirements. South Africa is revising domiciliation thresholds.
The New Currency of Energy
A gas field is a dormant national asset. A financial guarantee is a catalyst. When strategically connected, they form an unstoppable engine for progress.
The challenge across many African energy projects has not been potential but perceived and unmanaged risk- the factor that restricts capital inflow and delays execution.
Insuring Africa’s Energy Boom: Why 95% of Risk Flows to London
Insurance capacity constraints continue to force African energy risks offshore, despite regulatory reforms and continental integration efforts
Advertise
