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 increase the frequency and intensity of droughts, floods and other extreme weather events, but uncontrollable pest […]
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 […]
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 […]
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. […]
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 […]
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 increase in oil and gas production, the implementation of mandatory fire insurance for commercial buildings, and […]
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 […]
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. […]
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. […]
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. […]
