Ghana is highly vulnerable to the effects of climate change. By 2100, it is likely that the average daily temperature will have risen by three degrees, which will have a negative effect on agriculture and livestock. Though climate change Read more
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 Read more
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 Read more
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 Read more
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 Read more
Emerging Trends in Ghanaian Insurance Market—An Overview
According to a report by a UK based IT Solutions, Ghana has one of the fastest growing insurance industries in the world. The industry is expected to grow at a forecast-period CAGR of 23.0% by 2018, supported by an Read more
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 Read more
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 Read more
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 Read more
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 Read more