Premium flight harms African growth prospects: AIO

African insurance companies are struggling to stop premiums leaving
the region as foreign competition and a dearth of local skills
harms their growth potential.
In its first African Insurance Barometer, the African Insurance
Organisation (AIO) said that 90 percent of executives based in the
region that it polled believed foreign companies would have either
stable or increased market shares over the next 12 months.
Local companies lacked the underwriting expertise or robust
capital base to write