Insurance-based SRT products can provide banks with regulatory capital relief on loan portfolios, creating opportunities to drive growth in the highly stressed post-Covid environment

Carriers will benefit from underwriting and exposure management strategies tailored to local markets as cultural approaches to credit and the perceived risk vary across the region

Swiss giant is also winding down its global credit insurance and certain short-term multi-buyer insurance portfolios 

There is increasing appetite from African governments, regulators and local carriers to work with the international insurance market to tackle the major risks faced by the continent

Standalone market is enabling access to coverage at a time when capacity is difficult to obtain

Jurisdictional restrictions in the region make it difficult for international carriers to provide W&I cover where the target does not have a meaningful presence in the US or Europe