Daily Archives: October 1, 2017
Robo-advice and artificial intelligence technologies are fast-tracking new investment opportunities at a lower cost than traditional investment options – disrupting financial institutions’ approach to customer interaction.
Economic Pressures on African Reinsurance Markets Remain, but Growth Potential Lures Overseas Players
The African reinsurance market has experienced material growth over the past decade. However, the operating environment remains challenging, with significant headwinds of currency volatility and inflationary strains amid global softening market conditions.
In the past year, the continent’s reinsurers have been affected by slower growth, reflecting challenging economic conditions and subsequently suppressed demand for oil and gas. In addition to reduced cover for large value risks, there has been a higher frequency of attritional and large claims, as well as increased cost bases together with the need to strengthen reserves given inflationary effects.
Support for the inaugural edition of Clarion’s Gaming Africa, the two-day conference and learning symposium taking place across 24 and 25 October in Johannesburg, continues to gather apace, with regulators, thought leaders and gaming companies all endorsing the vision for the creation of a world class gaming event dedicated to the continent.