The COMESA Yellow Card Scheme is currently operational in twelve COMESA Member Countries and one non COMESA member Country. The Countries in which the COMESA Yellow Card is recognized as a valid insurance cover are; Burundi, Democratic Republic of Congo, Djibouti, Eritrea, Ethiopia, Kenya, Malawi, Rwanda, Sudan, Tanzania, Uganda, Zambia and Zimbabwe. It is also widely used by non–COMESA motorists particularly from SADC countries visiting or transiting through the COMESA member countries. Over 180 insurance companies in the COMESA region are involved in the issuance of Yellow Cards and operations of the scheme. In our last annual report at the 27th Council of Bureaux meeting held in Addis Ababa, Ethiopia October 23-25, 2013, the member insurance companies issued over 147,000 cards, collected over USD 6.8 million premium income and processed over 312 compensation claims for road accident victims.
In order to boost its operations and built capacity, enhance efficiency and profitability of the participating Insurance Companies, the Scheme has a Re-insurance Programme in place under a Reinsurance Pool facility managed by the Scheme’s fund Managers in the name of Zep-Re. The Pool funds have as at the previous meeting an asset base of over US$9 million.