North Africa
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Morocco among most promising emerging markets for 2019
Trade credit insurer Atradius has put Morocco in its top five most-promising emerging markets for 2019. In its Promising Emerging Markets…
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Oil slick threat to French coast as Porsche counts cost of lost cars
French authorities are battling to contain an oil slick that threatens beaches around the Bay of Biscay, as Porsche counts…
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New York, London and Hong Kong are top three financial centres
New York is still the leading financial centre in the world, followed by London and Hong Kong, according to the…
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Moroccan banks still challenged by weak asset quality and capital adequacy
Weak asset quality and capital adequacy continue to weigh heavily on Moroccan banks’ standalone viability, according to a new report…
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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…