Announcements Research

COVID-19 risks and oil price shocks likely to curb near term gains from regulatory reforms in the Ghanaian short term insurance industry

GCR Ratings has published an industry research piece on how COVID-19 risks and oil price shocks are likely to curb near term gains from regulatory reforms in the Ghanaian short term insurance industry.

Key highlights of the research are:

Regulatory efforts to improve the viability of the Ghanaian insurance sector, including ‘no premium, no pay’ policies, premium domestication and increased minimal capital amounts are all credit positives.

Announcements Research

High levels of premium receivables: a key rating restraint for short-term insurers and reinsurers in the CIMA zone

GCR Ratings has published an industry research piece on how high levels of premium receivables in the CIMA zone restrain the creditworthiness of insurers and reinsurers in the region, overshadowing otherwise sound credit profiles.

Key highlights of the research are:
High and persistent premium receivables are a systemic challenge in the CIMA zone;
Adjustments for premium receivables weaken risk adjusted capitalisation;