The underwriting results of sub-Saharan Africa\u2019s 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\u00a0AM Best<\/b>.<\/p>\n
The\u00a0Best\u2019s Market Segment Report<\/i>, \u201cSub-Saharan Africa\u2019s Reinsurers Resilient Amid a Complex and Challenging Risk Environment,\u201d forms part of AM Best\u2019s look at the global reinsurance industry around Rendez-Vous de Septembre in Monte Carlo. Additional reports, including AM Best\u2019s annual analysis of the world\u2019s 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.<\/p>\n
\u201cThe 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\u2019s reinsurers,\u201d said Dale Kirby, financial analyst, analytics, AM Best. \u201cOn 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.\u201d<\/p>\n
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.\u00a0<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
The underwriting results of sub-Saharan Africa\u2019s 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\u00a0AM Best. The\u00a0Best\u2019s Market Segment Report, \u201cSub-Saharan Africa\u2019s Reinsurers Resilient Amid a Complex and Challenging Risk Environment,\u201d …<\/p>\n","protected":false},"author":2,"featured_media":8416,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,2],"tags":[9,1310,1336],"class_list":["post-8415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news","tag-business","tag-general","tag-insurance"],"yoast_head":"\n