Investors eyeing local insurance firms - study

INVESTOR interest in the insurance sector has increased as research projects premiums collected by firms will increase by an average of 18 per cent over the next five years with a slower rise in claims. According to analysis by the Standard Investment Bank, the growth in premiums will be driven by rising GDP per capita that will increase discretionary income of consumers and rise in private household credit that will lead to acquisition of assets, thereby boosting demand for insurance services...