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

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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