Mitigating Risk in Emerging Markets with Global Expertise
Iram Consultant bridges the gap between local insurance needs and global reinsurance capabilities, specializing in high-risk, underserved markets like Somaliland, Oman, and the Horn of Africa. We design bespoke solutions that protect businesses, communities, and economies against volatility.
Our Offerings
1. Customized Insurance Products
- Agriculture & Livestock:
- Drought/Climate Index Insurance: Parametric policies triggered by weather data (e.g., rainfall levels).
- Livestock Mortality Coverage: Protection for pastoralists against disease outbreaks or natural disasters.
- Corporate & SME Insurance:
- Trade credit insurance, marine cargo, and fire/theft coverage tailored to regional risks.
- Microinsurance:
- Affordable health and life products for low-income populations.
2. Lloyds of London Re-Insurance Access
- Market Placement: Facilitating reinsurance contracts for local insurers via Lloyds’ syndicates.
- High-Risk Coverage: Specialized solutions for:
- Energy (Oil & Gas): Rig liability, pipeline disruptions.
- Political Risk: Sovereign defaults, expropriation.
- Catastrophe Bonds: Disaster resilience financing.
- Claims Advocacy: Expediting complex cross-border claims.
3. Risk Advisory & Capacity Building
- Regulatory Compliance: Aligning with Somaliland/Oman insurance laws and Solvency II frameworks.
- Underwriting Optimization: Data-driven pricing models for emerging markets.
- Training Programs: For local insurers on reinsurance best practices.
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Why Choose Iram Consultant?
✅ Lloyds Partnership: Direct access to the world’s largest reinsurance marketplace.
✅ Localized Solutions: Policies adapted to cultural/economic contexts (e.g., Sharia-compliant Takaful).
✅ Proven Impact:
- Designed a drought index insurance product covering 10,000 hectares of farmland in Somaliland.
- Secured Lloyds-backed terrorism reinsurance for a port operator in Oman.