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Ghana Insurance Q1 2019

Ghana Insurance Q1 2019

Key View:

Ghana's insurance industry is set to grow quickly but remain largely under-developed over the next few years. Thisshould present significant growth opportunities to multinational providers and investors. Against the backdrop of a fast-growingeconomy and falling interest rates, robust consumer and business spending will drive demand for key lines, including life andproperty insurance covers, as well as more niche products, such as health and personal accident and credit and financial guaranteeinsurance. As the country's poverty levels continue to fall, we also note the rapidly growing popularity of microinsurance products inthe country. With relatively few multinationals currently established in Ghana, overseas providers will be able to take advantage of afavourable competitive landscape and low penetration levels. However, rising inflationary pressures and potential currencydepreciation are among the headwinds facing investors.


Key View
SWOT
Industry Forecast
Life Premiums Forecast
Non-Life Premiums Forecast
Non-Life Sub-Sector Forecast
Industry Risk/Reward Index
Sub-Saharan Africa Insurance Risk/Reward Index
Market Overview
Life Market Overview
Non-Life Market Overview
Company Profile
Enterprise Life Assurance Company/Enterprise Insurance
GLICO/GGICO
SIC Insurance
Star Assurance/StarLife
Insurance Methodology

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