Significance of Feasibility Study in Formation of Captives

A captive feasibility study serves as the blueprint for future captive which identifies the purpose and structure of the captive, and fills in many of the details that business plan will require. The Captive feasibility study covers identification of company’s main goals for risk management, Examination of existing insurance aiming towards gaps in coverage and […]

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Extending the Reach of Microinsurance in Ghana—Increased by 140% to 7.5M

The Microinsurance Landscape survey 2015 revealed that lives/properties covered increased by 140% to 7.5M. The role of Mobile Network Operators (MNOs) in the industry has been a key enabler for these growth rates. Through partnerships with MNOs, MI providers reached 4.34 million lives (representing 58% of lives covered). As per experts, one factor pining down […]

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Promising Prospects for Ghanaian Reinsurance

In Africa, the projected average cession rate is 24%, with non-life premiums worth US$ 20.4 billion and cessions of approximately US$ 4.9 billion. This relates, non-life cession rates in Africa are significantly higher than in established markets because of frequently weaker capitalisation levels of primary insurers and a relatively high share of proportional reinsurance arrangements. […]

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Managing Cyber Risk: New Entrant Cyber Captive Programme

As reported by a latest research, the number of captive insurers writing non-traditional risks such as cyber liability, supply chain, and political risk rose extensively. Based on the data from 1139 captives, the study finds most companies (54%) cited increased discipline and control purposes as the reason for using captives. Captives are providing access to […]

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African Reinsurance Industry – Gaining Momentum At Swift Pace

The International Monetary Fund has suggested that the African Continent will be the fastest growing economy in the upcoming years. The African countries are more focused on sustainability. The African (Re)insurance industry is no exception to this. To achieve substantial growth, it is mandatory for the African Insurance Regulators to keep pace with the international […]

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Vigorous Regulatory Framework Helping Middle East to Make Headway in Reinsurance Industry

Since long, it has been evident that there are high cessions in the Gulf reinsurance industry. This is majorly witnessed in the facultative market, than in treaty arrangements. For regional reinsurers, the increasing number of primary insurers in the facultative segment therefore, makes the task of monitoring the level of risk a more difficult consideration. […]

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Vigorous Regulatory Framework Helping Middle East to Make Headway in Reinsurance Industry

Since long, it has been evident that there are high cessions in the Gulf reinsurance industry. This is majorly witnessed in the facultative market, than in treaty arrangements. For regional reinsurers, the increasing number of primary insurers in the facultative segment therefore, makes the task of monitoring the level of risk a more difficult consideration. […]

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Ghanaian Insurance Making Strides Towards International Participation

To extend the market’s reach beyond the borders, Ghanaian insurers are focusing on alternative pathways. Recently, the Ghanaian insurance market has witnessed collaborations with the major European and African players. In 2015, Prudential UK, joined hands with Express Life Insurance Company by acquiring a 78% stake in LeapFrog Investments, a specialist investor in emerging markets. […]

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