North Africa
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MENA insurance markets see growth but face economic and political challenges
The Middle East and North Africa (MENA) insurance markets have seen strong growth during the past decade and remain attractive…
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Challenging market conditions in MENA but rated insurers well capitalised, says Best
Re/insurers rated by AM Best in the Middle East and Africa generally remain well capitalised, despite political instability and the…
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Challenging market for MENA reinsurance industry continues
Continuing pressure on pricing, overcapacity, and a higher-than-expected number of large losses in recent years has meant challenging market conditions…
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Into Africa: how risk managers can use global programmes as part of their strategy in this fast-changing area
There has been an uptick in protectionism in the insurance markets of many African countries, with regulators imposing measures such…
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‘Fiercely competitive’ MENA insurance markets to outgrow GDP
The Middle East and Northern African (MENA) insurance markets are expected to continue outgrowing the region’s GDP during the next…
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Significant opportunities for MENA takaful operators, but currently unrealised, says Best
There are significant opportunities for takaful operators in most Middle East and north Africa (MENA) markets but these opportunities continue…
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Morocco heads list for African investment
Morocco tops a new list as the most attractive economy for investments flowing into the African continent. The latest Africa…
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Moroccan insurers taking next step towards risk-based solvency
Moroccan insurers are likely to gradually reduce their equity exposure and hold more government bonds in their investment portfolios when…
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Good service pays dividends as GIC Re South Africa continues growth trajectory
Good service, expertise and capacity have proved a winning formula for GIC Re South Africa, which has seen another year…
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Challenging times for MENA market insurers
The political, financial and economic risks for (re)insurers operating in the Middle East and North Africa (MENA) region remain elevated…
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Tunisian banking sector poses real risk
S&P Global Ratings regards Tunisia's banking sector as a weakness for its economy and a significant source of contingent liabilities…
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Parametric insurance proposed for Morocco to protect against drought
The Moroccan government is a step nearer a parametric insurance solution to protect against drought – one of the largest…
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Maritime safety gets boost in Morocco
Seven African maritime search and rescue (SAR) trainers have taken part in a first course held in Morocco by the…
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Mercer opens new hub in Casablanca
Mercer, a consultant in health, wealth and career, is expanding its francophone Africa footprint. It has plans to strengthen service…
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Fitch affirms both Cameroon and Tunisia, but political risks remain
Fitch Ratings has affirmed Cameroon's long-term foreign-currency issuer default rating (IDR) at B with a stable outlook and has affirmed Tunisia's…
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Companies face payment delays in Morocco
Companies face increasing payment delays when doing business in Morocco, with corporate insolvencies also rising, despite an uptick in the…
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Africa’s hotel sector adding 11% more rooms
Africa currently has 301 hotel projects in the pipeline, accounting for 57,011 rooms, or 11.0% of the continent’s existing room…
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South Africa mirrors global trend on unemployment risk
South Africa has reflected global concerns in citing unemployment as its larget risk, according to a new survey from the…
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New CEO in Africa and Asia for Ed
Ed, the global reinsurance, wholesale and specialty broker, has appointed Minesh Jani as chief executive of Middle East and North…
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AIG places first Shariah-compliant warranty and indemnity policy in MENA
The first Shariah-compliant insurance policy in the Middle East and north Africa region (MENA) for merger and acquisitions activity has…