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International

Foreign insurers upbeat about growth potential in Africa

June 12, 2015 Reprints

Analysts and foreign insurers are upbeat about enormous potential in Africa to develop their business, reported Daily Times.

Africa's rising economic growth, chiefly underpinned by growing industrialization, resources boom, infrastructure development and rapid urbanization is attracting insurers to the continent. Insurers, operators must exploit the opportunities and benefit from growth in various sectors, said African Insurance Organization president Jean-Baptiste Ntukamazina.

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Foreign insurers upbeat about growth potential in Africa

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