Many African insurers lack stability
Tuesday, 05 23 2017, Category: Insurance and Reinsurance, Country: Africa
Many African insurers are insufficiently capitalized and lack financial stability, which could dampen consumer confidence, according to a the 2nd Africa Insurance Barometer, launched at the 44th AIO Conference & General Assembly in Kampala, Uganda.
The survey, of 29 senior executives from regional and international insurers, reinsurers and brokers, also noted that other concerns include inadequately harmonised regulatory frameworks across the continent, which frequently are poorly enforced, and the persistent lack in skills and local talent.
Source: Intelligent Insurer