Renowned insurers, reinsurers and Lloyd’s syndicates are establishing subsidiaries and branches there. Business is developing eastwards and westwards. Americans, Europeans, Indians, Chinese, Malaysians, Japanese are not thinking twice to invest there.
Dubai and Doha successfully honor their role of new emerging financial markets and drivers of growth for the entire region, as do the city-state of Singapore in Southeast Asia and Hong Kong in China.
Is this model exportable to Africa? The answer is clear. No for the near future, yes in the long run.
Despite the crises that have regularly shaken it and despite the many disappointments, Africa has not lost all of its credibility. It even showcases some attractions, being endowed with natural resources, vast areas of land and a very large population, decisive advantages which will eventually influence investors’ choices favorably. Future strongholds of insurance will then be born naturally. The launch bases could be named Mauritius, Kigali, Tunis.