Best's Market Segment Report: Sub-Saharan Africa’s Reinsurers Resilient Amid A Complex And Challenging Risk Environment
September 25 2024 - 2:00AM
Business Wire
The underwriting results of sub-Saharan Africa’s reinsurers have
continued their trend of year-on-year improvement, benefitting from
robust pricing actions on loss-affected lines of business, as well
as the global hardening of the reinsurance market, according to a
report from AM Best.
The Best’s Market Segment Report, “Sub-Saharan Africa’s
Reinsurers Resilient Amid a Complex and Challenging Risk
Environment,” forms part of AM Best’s look at the global
reinsurance industry around Rendez-Vous de Septembre in Monte
Carlo. Additional reports, including AM Best’s annual analysis of
the world’s largest reinsurance groups and in-depth looks at the
insurance-linked securities, life/annuity, health and regional
reinsurance markets, have been published during August and
September.
“The creditworthiness of many African debt issuers remains under
pressure, which is driving heightened levels of asset risk and is
continuing to test the balance sheets of sub-Saharan Africa’s
reinsurers,” said Dale Kirby, financial analyst, analytics, AM
Best. “On the whole, AM Best-rated reinsurers in the region have
demonstrated a level of resilience amid these challenging
conditions, particularly those that have successfully mitigated
risks through diversification and proactive risk management.”
To access the full copy of this market segment report, please
visit
http://www3.ambest.com/bestweek/purchase.asp?record_code=347094.
For additional global reinsurance reports, please visit Best’s
Research.
AM Best is a global credit rating agency, news publisher and
data analytics provider specialising in the insurance industry.
Headquartered in the United States, the company does business in
over 100 countries with regional offices in London, Amsterdam,
Dubai, Hong Kong, Singapore and Mexico City. For more information,
visit www.ambest.com.
Copyright © 2024 by A.M. Best Rating
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RESERVED.
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Dale Kirby Financial Analyst, Analytics +44 20
7397 0276 dale.kirby@ambest.com
Ben Diaz-Clegg Associate Director, Analytics
+44 20 7397 0293 ben.diaz-clegg@ambest.com
Richard Banks Director, Industry Research – EMEA
+44 20 7397 0322 richard.banks@ambest.com
Edem Kuenyehia Director, Market Development &
Communications +44 20 7397 0280
edem.kuenyehia@ambest.com