Growing demand for multinational insurance despite headwinds

Growing demand for multinational insurance despite headwinds

Growing demand for multinational insurance despite headwinds

Demand for multinational insurance programmes continues to rise despite mounting anti-globalisation sentiment and protectionism, with captives, mid-sized companies and firms from emerging markets driving growth. Some companies in mature markets have scaled back programmes as they reduce their global footprint, but are generally looking at covering a wider range of risks in international programmes. According to brokers and insurers, demand…

Third-party cell captive regulatory policy proposals issued in South Africa

Third-party cell captive regulatory policy proposals issued in South Africa

Third-party cell captive regulatory policy proposals issued in South Africa

South African authorities have released the regulatory policy proposals relating to third-party cell captive insurance, focusing on governance and risk management. The proposals were issued in a joint communication from the Financial Sector Conduct Authority and the Prudential Authority, and apply to insurance business or microinsurance business conducted by cell captive insurers (as defined in the Insurance Act 2017) and…