Zurich and Tunis, Tunisia, 30 September 2019 ? The
mood among Africa?”s reinsurance executives has become more bearish as
declining rates and rising claims weigh on the profitability of the
African reinsurance markets with a current premium volume of roughly US$
7.5 billion. While Africa?”s economies are still recovering from the
commodity crisis of 2016, which highlighted the continent?”s
vulnerability to external shocks, executives are once again concerned
about the current outlook in light of renewed economic and political
uncertainties. This is the main outcome of the 4th edition of the Africa
Reinsurance Pulse, which was published at today?”s 24th African
Reinsurance Forum in Tunis, Tunisia. However, the senior executives of
Africa?”s leading brokers and reinsurers interviewed also expect that the
inflow of excess capacity from advanced markets into the continent has
finally come to a standstill. In fact, insured values as well as
premiums might benefit from the current economic growth and outgrow GDP.
Full press release pulse-press-release-eng
Please read the full report https://pulse.schanz-alms.com/files/media/files/a307c5de7963a63755c39279d40ace85/Africa_Reinsurance_Pulse_2019.pdf
