MAY 2017 |

Nigerian Insurance Industry: Overview, Challenges and Opportunities

Despite the lingering apathy for Insurance by the Nigerian populace, driven largely by cultural & religious beliefs, the Industry remains resilient, recording a compounded annual growth rate (CAGR) of 10.2% in gross premium Income (GPI) since 2012. In 2016, the Industry’s GPI grew by an estimated 10% to ₦356 billion[1]. Growth was upheld by the enforcement of compulsory insurance policies, particularly in the group life and motor insurance business lines. However, the Industry’s performance was…

African Reinsurance Sector: Weathering the Storm

Posted on by The Editorial Team

EXCLUSIVE INTERVIEW with Mr. Corneille Karekezi, Group Managing Director/Chief Executive of African Reinsurance Corporation. He talks to Capital Markets in Africa about challenges and opportunities in African Insurance and Reinsurance markets. How is the reinsurance sector coping with the current macroeconomic uncertainty, where currency volatility and the commodity slump coupled with terrorism and political instability have put pressure on economies in Africa? CORNEILLE KAREKEZI: The recent slump in commodity prices coupled with the attending depreciation of most currencies…

The Promise of Blockchain in Insurance

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Blockchain has huge potential to enhance insurers’ business model and to improve cooperation between insurance companies but is also being used by digital start-ups to attack it. Hence, the imperative for Incumbents to start exploring this nascent technology.Many have likened the revolutionary possibilities of blockchain technology to those of the internet, such is its perceived capacity to transform the ways in which people and businesses cooperate. Sensing this, investors…

Growing Inclusive Insurance Markets: Emerging Trends and Supervision

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Insurance softens the blows of misfortune. However, many low-income earners lack access to insurance and are thus deprived of the cushioning insurance provides although they are the ones in most need of insurance protection as they have little to fall on. For smallholder farmers, for example, besides the lack of access to insurance leaving them exposed to the varieties of the weather, it can also disincentives them from investing…

Investment Philosophy | Outcome-Based Investment: Putting the Investor First

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Outcome-based investing has become a trending topic in recent times, but what does it mean and why does Momentum Investments believe this to be a sustainable long-term investment strategy and not simply the latest craze? The approach has client-centric investing at its core. This requires a paradigm shift in the investment thought process, where the driving force now becomes the delivery of the desired goals rather than perusal of…

Assessing Uganda’s Fiscal and Monetary Policies in 2017 and beyond

Posted on by The Editorial Team

KAMPALA (Capital Markets in Africa) – Uganda’s rate of growth, though positive, has slowed over the past few years to average 4.5 percent in the last five years compared to 7.4 percent in the preceding period. Core inflation has been in line with the target of 5 percent over the medium term, with the few deviations from the target arising largely from supply side shocks caused by developments on the global scene as well as…

The Four Africas: Nigeria – The Unstoppable Super Eagle

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – It is a results-driven world we live in, like it or not. And the rules are simple, occasionally ruthless, but invariably bottom-line. Whenever international financial institutions or global marketing giants look to invest their capital, manpower and technology in a new market, they invariably ask one question: Are the fundamentals sound? If the answer is “yes,” they continue. They set down roots. And they often use that nation as…

1 2 »