Rwanda: A better coordination to promote construction and fire insurance

For five years now, Rwandan building insurance has been faced with growing demand. Sweeping urbanization has been favorable to the growth of the building sector. For experts, this rapid growth has to be coupled with a new approach and innovative mechanisms in order to protect the funds invested, especially to counter fire and collapse risks.

Since 2012, investors have been making losses amounting to nearly 5 billion RWF (6.8 million USD) following the destruction of property. In an effort to offset this situation, insurers and building officials are called upon to better inform real estate owners about the risks incurred.