South African Insurers Seen by PwC Looking North for Expansion (Report)

South African Insurers Seen by PwC Looking North for Expansion

Low growth in their home market is pushing South African insurers to look north to Kenya, Nigeria and Ghana for expansion, PricewaterhouseCoopers LLP said, citing a biennial survey of 31 industry executives.

Insurers are attracted by the countries’ projections of high economic growth, low insurance takeup and the expectation of increasing demand for policies, PwC said in the survey published in Johannesburg today.

Read more: South African Insurers Seen by PwC Looking North for Expansion – Bloomberg.

Unable to view the “Africa insurance trends: PwC” report? Download it here.
Africa insurance trends – Strategic and Emerging Trends in Insurance Markets in South Africa, Kenya, and Nigeria: PwC
This edition comes at a time when global and African insurers are grappling with disruptive social, technological, economic, environmental, and political changes. These megatrends are already reshaping the competitive environment for insurers and reinsurers, and the markets they operate in across Africa.

It is against this background that PwC has conducted this survey. Hopefully, PwC’s report will achieve its primary goal: to help industry executives recognise the significance of these changes and use them to shape strategies for the future. The survey includes the views of long-term and short-term insurance CEOs.

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