Africa - Rates pressure but opportunities prevail
Wednesday, 05 09 2018, Category: Insurance and Reinsurance, Country: Africa
Africa’s insurance markets suffer from excess capacity and cut-throat competition, but a low market penetration offer opportunities for growth.
These are some of the key findings of the Africa Insurance Barometer 2018.
As rates decline – more so in commercial lines than in the less volatile personal lines – regulators on the African continent are starting to shelter domestic insurers from foreign players with higher barriers of entry.
Source: Intelligent Insurer