Efforts to implement a risk-based capital regime across sub-Saharan Africa will drive demand for reinsurance

Nigerian insurers, despite their large capital holdings and historical low outstanding debt levels, are coming under pressure from the country’s over-reliance on oil at a time of plummeting commodity prices

The capital positions of domestic reinsurers in sub-Saharan Africa remain low, despite the influx of entrants into the reinsurance markets and regulatory efforts to develop the sector

Uncertainty remains as to the sustainability of recent efforts to increase rates on the continent owing to the highly competitive environment and difficult macroeconomic conditions

The CEE region has demonstrated significant growth in economic activity over the past five years in comparison to its Western European peers

African markets are improving their regulatory frameworks, but the adoption of protectionist measures is making it difficult for local reinsurers to gain sufficient critical mass and stronger credit profiles