Globus

What Globus does

GLOBUS Network is a federated pan-African insurance network headquartered in Douala, Cameroon, structured as an Economic Interest Group (EIG). Founded in 2007 by four African insurers (ACTIVA Assurances Cameroon, La Loyale Assurances Ivory Coast, SONAR Burkina Faso, and AGC Republic of Congo), the network had grown to 45+ member insurance companies covering 49 African countries by 2018, with a Paris commercial hub serving as the European representative office. The company offers harmonized life and non-life insurance products and quotations across its member network, supported by Centers of Excellence covering Chinese Affairs, Natural Resources/Energy/Infrastructure, Loss Prevention & Claims Handling, Liability Insurance, Employee Benefits, Credit & Bonds, and Maritime specialties.

The underlying technology is a federated network platform that standardizes policy formats and quotation processes across member companies, rather than a centralized underwriting engine. Member insurers underwrite and collect premiums locally in their respective markets, while GLOBUS provides coordination, harmonization, and a single point of contact for international clients. Financial reliability is reinforced through common reinsurer GLOBUS-RE, which retrocedes to the world's largest reinsurers and supports A.M. Best ratings for member insurers (e.g., 'A' Excellent and 'A+' long-term credit for Orient Takaful Insurance, Egypt — the highest rating ever granted to a direct insurer in Africa).

GLOBUS serves enterprise clients — international corporations operating in Africa, multinational corporations, European risk managers, and global insurers/brokers without African presence — through a field-sales-led federated distribution model. Member companies act as local points of contact, while GLOBUS acts as coordinator and single interlocutor for pan-African coverage. The Paris hub serves international partners, and the Douala hub manages African operations. Pricing is quote-based with annual billing cadence. The network reports approximately 10,000 employees across all member companies and supports five languages. Revenue is not publicly disclosed.

Name

Globus

Legal name

GLOBUS Network

Website

https://globus-network.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

51–100 employees

Short description

GLOBUS Network is a federated pan-African insurance network founded in 2007, coordinating 45+ member insurers across 49 African countries to deliver harmonized life and non-life coverage for multinational corporations, risk managers, and international insurers lacking African presence.

Ownership category

akta.pro rank

Product category

Pan-African Insurance Brokerage and Network Services

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Universal Life (UL) Insurance (FSAIABAB)

akta.pro secondary industry

Group Universal Life (GUL) (FSAIADAC)

Keywords

• Pan-african insurance network
• Federated insurance solutions
• Multinational risk coverage
• Life and non-life insurance
• Reinsurance services Africa

Headquarters

HQ city

Douala

HQ country

Cameroon

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Insurance Premiums (Life and Non-Life): Member insurance companies collect premiums from policyholders for life and non-life insurance coverage across 49 African countries
2. Reinsurance Services through GLOBUS-RE: Common reinsurer that retrocedes to the world's largest reinsurers, providing financial reliability to network members

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

GLOBUS is a federated pan-African insurance network that delivers Life and Non-Life insurance products across 49 African countries through 45+ member insurance companies. The network provides a single interlocutor for international clients needing harmonized pan-African coverage, supported by a common reinsurer (GLOBUS-RE) and specialized Centers of Excellence covering domains such as Natural Resources/Energy, Maritime, Liability, and Employee Benefits.

Product overview

GLOBUS is a pan-African federated network of insurance companies offering customized insurance solutions across Life and Non-Life branches. The network covers more than 48 countries in Africa through member companies that are leaders in their respective markets. GLOBUS provides a single point of contact for insurance needs across the continent, with services harmonized across the network. The network includes a common reinsurer (GLOBUS Re) for financial reliability, and member companies include regional insurers such as ACTIVA, AGC, ATLANTA, ASSINCO, RADIANT, and others covering countries from South Africa to Morocco.

Differentiator

Problem solved

Functional benefit

Products and services

• Life Insurance Products Life insurance products distributed by member insurance companies across African countries within the GLOBUS network, providing harmonized coverage and a single-interlocutor pan-African experience for policyholders.
• Non-Life Insurance Products Non-life (property and casualty) insurance products distributed by member insurance companies across African countries within the GLOBUS network, with harmonized quotations and policy formats for pan-African buyers.
• GLOBUS RE (Reinsurance) Common reinsurer of the GLOBUS Network that retrocedes to the world's largest reinsurers, providing financial reliability to network members and supporting the federation's solvency.

Quantifiable outcome

• A.M. Best rating of 'A' (Excellent) and 'A+' long-term credit assigned to Orient Takaful Insurance - highest ever granted to a direct insurer in Africa

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Nine partnerships are on record, tiered core and notable.

• Global insurers and brokers without African presencecoreChannel Partner/ Reseller/ DistributorAll partners (global insurers and brokers) that do not have a presence in Africa are represented by GLOBUS. These international partners gain access to the network's 45+ member companies covering 49 African countries.
• Club Franco RiskcoreGTM or Marketing PartnerClub Franco Risk is a monthly partner platform called 'Jeudi des partenaires' enabling partners to present their organizations and discuss selected topics. GLOBUS co-hosts webinars through this partnership.
• Filhet-Allard AfricanotableStrategic or Co-development PartnerCo-speaker at the Club Franco Risk workshop on logistics during the 30th AMRAE Risk Management Conference in Deauville, February 2023
• R-Logistic GroupnotableStrategic or Co-development PartnerCo-speaker at the Club Franco Risk workshop on logistics during the 30th AMRAE Risk Management Conference in Deauville, February 2023
• FANAF (Fédération des Sociétés d'Assurances de Droit National Africain)notableGTM or Marketing PartnerGLOBUS participates in FANAF General Assemblies as a network member, with the 48th General Assembly held in Nouakchott, Mauritania in February 2024
• AMRAE (Association pour le Management des Risques et des Assurances de l'Entreprise)notableGTM or Marketing PartnerGLOBUS participates annually in AMRAE Risk Management conferences, hosting stands and partner events in Deauville, France
• Reinsurers (through GLOBUS-RE)coreOthersCommon reinsurer GLOBUS-RE retrocedes to the world's largest reinsurers, providing financial reliability to the network
• Orient Takaful InsurancenotableStrategic or Co-development PartnerEgyptian member of GLOBUS Network, awarded A.M. Best rating of 'A' (Excellent) and 'A+' long-term credit - highest rating ever given to a direct insurer in Africa
• RADIANT Insurance CompanynotableStrategic or Co-development PartnerRwanda member since 2017, accredited by National Bank of Rwanda, certified ISO 9001-2015, only insurance company ever rated in Rwanda

Scale indicators7 records

Recent moves11 records

Expansion highlights5 records

Broad incumbents

• Aon Africa: Global insurance broker with extensive African presence. Comparable to GLOBUS as a single point of contact for multinational clients seeking African insurance coverage, though Aon operates owned offices rather than a federated network.
• Willis Towers Watson (WTW) Africa: Global insurance and risk advisory with African operations. Comparable as a global broker providing multinational clients with coordinated African insurance placement across multiple jurisdictions.
• Allianz Africa: Global insurance leader with expanding African footprint through partnerships and subsidiaries. Comparable in providing multi-country African insurance solutions to multinational clients, though via corporate ownership rather than network federation.
• AXA Africa: Global insurer with growing African presence across multiple countries. Comparable to GLOBUS as a multi-country African insurance provider serving international clients, though AXA operates owned subsidiaries rather than a federated network model.
• Marsh Africa: Global insurance broker and risk advisor with African operations. Comparable to GLOBUS in serving multinational corporations needing coordinated African insurance coverage, with a similar bridge role between international clients and local markets.

Direct peers

• African Reinsurance Corporation (Africa Re): Pan-African reinsurer operating across the continent. Directly comparable to GLOBUS-RE as a common African reinsurance platform providing financial reliability to local insurers across multiple African markets.

Regional players

• CICA (Compagnie Commune de Réassurance des États Africains): African reinsurance pool serving CIMA-zone countries. Comparable as a regional reinsurance infrastructure supporting African insurers, though more narrowly focused on francophone West and Central Africa.
• Continental Reinsurance Company: Pan-African reinsurer headquartered in Nigeria serving multiple African markets. Comparable to GLOBUS-RE's role as a regional reinsurer providing capacity to African insurers across borders.

Others

• FANAF (Fédération des Sociétés d'Assurances de Droit National Africain): Pan-African insurance industry federation. Comparable as a continental coordination body for African insurance companies, though operating as an industry association rather than a commercial network like GLOBUS.

Emerging players

• OLEA (formerly Africa Specialty Risks): Pan-African specialty insurance platform serving multinational clients across the continent. Comparable to GLOBUS as a single-source African insurance solution for complex cross-border risks, though OLEA operates as a managing general agent rather than a federated network.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/the-globus-network

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Globus