3rd Africa Reinsurance Pulse: Africa’s reinsurers with confidence as growth and profitability improve

Windhoek, Namibia, 1 October 2018 ? In the
3rd edition of the Africa Reinsurance Pulse, launched at today?”s
23rd African Reinsurance Forum in Windhoek, Namibia, the continent?”s
reinsurance and brokerage executives interviewed for this year?”s survey
predict rising rates and profitability on the back of rebounding
original markets and a resurgent economy. Across Africa the
International Monetary Fund (IMF) expects GDP to rise from 2.8% in 2017
to 3.4% in 2018, benefiting from global growth, higher commodity prices
and an improved access to capital markets. In 2017 Africa?”s reinsurance
premiums already increased to an estimated USD 7.5 billion, up from USD
6.8 billion in 2016, also driven by a strengthening of the major
currencies against the US dollar.

Please read the full report on the following website: pulse.schanz-alms.com

Previous SOUTH AFRICA ? Viviene Pearson ? SAIA Chief Executive Officer and Director of the IISA.

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The African Insurance Organisation (AIO), established in 1972, is a non-governmental organisation recognised by many African governments.

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