The Insurance Insider's London Reinsurance Roundtable generated a broad consensus that Africa's emerging market holds exciting potential for global reinsurers.
With continuing global economic uncertainty and new and emerging catastrophe risks, demand for (re)insurance is on the rise - not least in Africa. The continent is growing in visibility on the reinsurance radar, with development driven by its oil and gas sector but also from significant investment in infrastructure - driving the need for greater levels of reinsurance.
For now, the market remains small, according to figures from Casablanca Finance City, the regional financial services centre and gateway to the African markets. But with reinsurance hubs becoming preferred locations for international reinsurers to operate in both domestic and offshore markets, both the African market and the CFC look set to grow.
To view the rountable discussion, click here.
Enjoy the read,
Myles Neligan
Managing News Editor
The Insurance Insider