African in­sur­ance con­fer­ence to fo­cus on reg­u­la­tion

RISKAFRICA Magazine - - • AVCA -

The theme of the third An­nual Africa In­sur­ance and Rein­sur­ance Con­fer­ence 2013, to be hosted in Nairobi, Kenya from 18 to 19 June, is ‘Redefin­ing the In­surer of the Fu­ture’ and will fo­cus on key fun­da­men­tals of the busi­ness. The event prom­ises up-to-date in­put on the lat­est in­dus­try de­vel­op­ments, mar­ket­ing strate­gies and prod­uct in­no­va­tions rel­e­vant for the African mar­ket. New tech­nolo­gies, de­vel­op­ment of new client seg­ments and the over­all eco­nomic growth in the con­ti­nent is not only forc­ing re­gional in­sur­ers to re­think the way they con­duct busi­ness, but also forc­ing the global play­ers to look at Africa as a strate­gic mar­ket for growth. The con­fer­ence will aid in­dus­try play­ers in un­der­stand­ing the new reg­u­la­tory ini­tia­tives and how they will play into a sus­tain­able fu­ture for the in­dus­try in Africa. Key dis­cus­sion points in­clude forces of change in the in­dus­try, such as rein­sur­ance rates, cross-bor­der con­ver­gence and whether the in­dus­try will con­sol­i­date or re­main frag­mented. Adapt­ing to evolv­ing reg­u­la­tory frame­works in the re­gional in­sur­ance mar­ket through port­fo­lio bal­anc­ing and ad­dress­ing the prof­itabil­ity chal­lenges as­so­ci­ated with com­pe­ti­tion are also up for dis­cus­sion.

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