Alula and Africa Re Partner to Elevate Underwriting Excellence Across Africa

Alula and Africa Re Partner to Elevate Underwriting Excellence Across Africa

Alula Technologies is proud to announce a strategic partnership with African Reinsurance Corporation (Africa Re) to deploy its Smart Underwriting and onboarding platform, a next-generation solution designed to transform underwriting processes across multiple African markets. This collaboration represents a shared commitment to data-driven decision-making, risk intelligence, and operational agility, critical pillars for modern insurers and reinsurers navigating today’s dynamic risk landscape.

Underwriting is the backbone of insurance profitability. Yet, traditional processes often rely on fragmented data and manual interventions, leading to inefficiencies and inconsistent risk assessments. Alula’s Smart Underwriting platform addresses these challenges by delivering:

• Advanced Risk Scoring & Predictive Analytics
  Harnessing AI-driven models to evaluate risk with precision, enabling Africa Re to make faster, more accurate underwriting and onboarding decisions.
• Dynamic Pricing & Portfolio Optimisation

Real-time insights allow for adaptive pricing strategies and proactive portfolio management, improving loss ratios and capital efficiency. Africa Re and Alula will collaborate to empower and  enable cedants to leverage AI responsibly in streamlining their business.

• Seamless Integration & Automation
  API-driven architecture ensures smooth integration with existing systems, reducing operational friction and accelerating time-to-market.

Strategic Impact for Africa Re

By adopting Smart Underwriting, Africa Re positions itself at the forefront of digital reinsurance innovation, reinforcing its ability to deliver superior value to cedants and partners. Initially launching across five Southern African markets—South Africa, Lesotho, Namibia, Botswana, and Eswatini—before expanding to the rest of the continent.

This partnership is more than a technology deployment; it’s a signal to the African insurance ecosystem that data intelligence and automation are no longer optional, they are essential for sustainable growth. Insurers and reinsurers that embrace these capabilities will unlock competitive advantage, improve profitability, and enhance customer trust.

“Our collaboration with Africa Re is a testament to the transformative power of technology in reinsurance. Together, we aim to set new standards for underwriting efficiency and risk intelligence across Africa.” – Ben Burger, Alula Business Growth Executive.

 “Africa Re is committed to leveraging innovation to strengthen our underwriting capabilities and deliver greater value to our partners. This partnership with Alula aligns perfectly with that vision.” – Pranil Sharma, Executive Director, Africa Re South Africa.