Insights and Publications

Investment Dashboard 2017

November 2017 Over the last month, the Kenyan equity market outperformed the other African markets considered with a month-on-month nominal increase of 6.7% (in local currency terms). Year-on-year all the African markets considered performed well in local terms with real yields ranging from 14.2% to 34.4%. Over 3 years, the African markets considered were less impressive,...

SA Life Insurance Survey 2017

South Africa has been through a 12-month period of unusual challenges that have affected all sectors of society. The volatile Rand, the persistent drought, the cabinet reshuffles, the credit rating downgrade and the overall political uncertainty have all contributed to the general decline of the South African economy. The life insurance industry has not been exempted...

Crop Insurance Scheme Workshop in Mauritius

The Government Information Services (GIS) reported on a workshop that Lance Moroney conducted on the Crop Insurance Scheme in Mauritius in their September 2017 newsletter. The workshop was organised by the Small Farmers Welfare Fund in collaboration with the Ministry of Agro-Industry and Food Security. It brought stakeholders together to discuss the feasibility and implementation...

Credit Quality Steps – Some Practical Challenges

The downgrade of the South African currency Credit Ratings a few months ago, have forced many organisations to review the way they respond to such unusual economic challenges. This has also brought about the need for insurers to handle risk differently. In fact, the latest Financial Soundness of Insurers (FSI) update now requires insurers to determine...

SAM Consequences of the S&P and Fitch Downgrade

Last month’s downgrade of South Africa’s long-term foreign currency sovereign credit rating by S&P Global and Fitch Ratings has been the topic of much discussion, due to its far-reaching repercussions. The media has been dominated by speculation and forecasts by leading economists and financial experts, all pointing to a very challenging road ahead. There can be...

SAM Reporting for Insurance Groups with Participations in Non-equivalent Jurisdictions

In November 2016 the FSB distributed draft Financial Soundness Standards for initial public comment. Amongst these were Financial Soundness Standards for Insurance Groups. This month’s article summarises these standards and outlines some of the potential implications of SAM reporting for South African insurance groups with subsidiaries in other African countries.  
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