The economic environment across sub-Saharan Africa (SSA) has been challenging in recent years, though analysis in a new special report from AM Best shows that the region's reinsurers have been resilient amid these complexities.
In its Best's Market Segment Report, "Sub-Saharan Africa's Reinsurers: Staying the Course Amid Economic Uncertainty"AM Best notes that despite complex regional economic conditions, SSA reinsurers generally have been successful in leveraging the recent global hardening of reinsurance pricing, reporting another year of robust underwriting profitability. Together with the rise in regional interest rates, SSA reinsurers achieved a second consecutive year of double-digit return on equity (ROE) ratios.
For previously published global reinsurance reports, please go to AM Best's Reinsurance Information center. In addition, please visit the AM Best TV event playlist for coverage of AM Best's reinsurance market briefing from Rendez-Vous de Septembre in Monte Carlo and executive interviews during the conference, along with video interviews on AM Best's global reinsurance reports.
To access a complimentary copy of this special report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=358858.
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
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