Into Africa: How risk managers can use global programmes as part of their strategy in this fast-changing area

There has been an uptick in protectionism in the insurance markets of many African countries, with regulators imposing measures such as compulsory domestic cessions to state reinsurers, the introduction of minimum net premium retention levels, market capacity sharing and higher capital requirements for reinsurance cessions overseas.

In this article, Erich Bentz, Network Partner Relationship Manager for EMEA and Regional Director of Global Programs at XL Catlin in Vienna, explains how global program structures can help risk managers to transfer their African exposures in a consistent manner, and how brokers and insurers can offer risk managers insights as they expand in this developing region.