South Africa
UploadedMay 2022
GCR's Peer Comparatives for South Africa Short Term Insurance forms part of the Short Term Insurance Peer Comparatives series, containing key m...
Zimbabwe
UploadedMar 2022
The Zimbabwean economy is in better shape relative to the year 2020. Notwithstanding the COVID-19 induced effects on inflation and wider macroecono...
South Africa
UploadedMar 2022
The outbreak of the COVID-19 pandemic in South Africa in March 2020 had a severely negative impact on the financial performance of the private heal...
Kenya
UploadedMar 2022
Digital credit in Kenya has become an essential avenue for households to supplement their day-to-day expenses and has acquired heightened significa...
South Africa
UploadedFeb 2022
South Africa, along with most of the world, has gone through a significant shock over the past two years due to the COVID-19 pandemic. Real GDP gro...
South Africa
UploadedOct 2021
Financial year-end 2019/20 corresponded to the weakest point of the COVID-19 pandemic. Municipalities were faced with hard lockdown for most of the...
Zambia
UploadedAug 2021
The Zambia insurance sector is plagued by low premium collection rates, which weigh down the credit profiles of insurers, especially reinsurers who...
South Africa
UploadedAug 2021
The property market currently shows the average residential housing price is increasing, this correlates with an increase in total residential mort...
Kenya
UploadedAug 2021
The core business of insurance companies is providing risk cover in exchange for premiums, with investment income (generated by shareholder and pol...
Senegal
UploadedAug 2021
GCRs first and only regional score is the West African Economic and Monetary Union (“WAEMU”) region. It is created by weighting the cou...
Cote d'Ivoire
UploadedJul 2021
Agriculture is one of the most important sectors in Conference Interafricaine des Marchés d’Assurance (“CIMA”) Zone econom...
Zimbabwe
UploadedMay 2021
Protracted economic challenges, which culminated in the change of Zimbabwe’s functional currency (from USD to ZWL) and the subsequent onset o...
Rwanda
UploadedMay 2021
The Rwandan Financial Institutions Sector Risk Score of '3.75' balances the weakening government fiscal position (government debt to GDP ra...
Uganda
UploadedMay 2021
Uganda’s insurance sector is amongst the most profitable markets in the sub-Saharan Africa region, notwithstanding its relatively small size...
South Africa
UploadedApr 2021
The year 2020 witnessed a one-of-a-kind event in the form of the COVID-19 pandemic. The entire country went into a lockdown that severely restricte...
Ghana
UploadedApr 2021
The Ghanaian financial sector entered the coronavirus crisis with a relatively assured balance sheet, strengthened by the 2017-2018 financial secto...
South Africa
UploadedApr 2021
GCR believes that South African REITs’ performance fundamentals will remain under pressure in 2021. However, if less restrictive COVID-19 loc...
Kenya
UploadedMar 2021
This introduces the tenth East Africa Short-Term Insurance Statistical Bulletin from GCR Ratings (“GCR”). The statistical analysis pres...
Kenya
UploadedMar 2021
Going into the COVID-19 pandemic, the Kenyan banking sector was already experiencing challenges from deteriorating asset quality and moderating gro...
South Africa
UploadedMar 2021
The short-term insurance industry outperformed the broader economy, reflecting resilient demand for insurance. Sample gross written premium (&ldquo...
South Africa
UploadedMar 2021
The underperformance of the South African (SA) private healthcare sector during 2020 was a direct result of the COVID-19 pandemic, which has exacer...
South Africa
UploadedMar 2021
Over the near term, no major rating movements are expected within the GCR portfolio, amidst economic challenges emanating from the COVID-19 pandemi...
Kenya
UploadedFeb 2021
GCR rates 21 insurers in the Kenyan insurance industry out of the 67 insurers and reinsurers licensed and regulated by the Insurance Regulatory Aut...
Ghana
UploadedFeb 2021
In February 2021 the Ghanaian president signed the Insurance Bill 2020 into law, replacing the Insurance Act of 2006. The new law includes the addi...
South Africa
UploadedFeb 2021
GCR believes that the Government of South Africa (GoSA) continues to show a strong willingness to support State Owned Entities (SOEs) in most insta...
Nigeria
UploadedJan 2021
In November 2020, the ‘Banks and Other Financial Institutions Act’ (“BOFIA”) was signed into law by President Muhammadu Buh...
Kenya
UploadedSep 2020
GCR expects the combined impact of the COVID-19 inspired global and domestic slowdown, alongside the locust swarm in Q120, to reduce Kenya’s...
Mauritius
UploadedSep 2020
The open economy of Mauritius is particularly susceptible to the global response to the COVID-19 pandemic. Domestic corporate debt is also consider...
South Africa
UploadedSep 2020
Based on the recent interim results, key credit metrics are, so far, broadly in line with GCR’s expectations for the top tier South African b...
South Africa
UploadedAug 2020
The Negative Trend reflects GCR’s view that commercial real estate will face persistent funding and liquidity risks over the outlook period,...
Namibia
UploadedAug 2020
The strong capitalisation and oligopolistic characteristics of the Namibian banking sector is expected to enable them to cope with rising asset ris...
South Africa
UploadedJun 2020
Key highlights of the research are:
South Africa
UploadedJun 2020
The onset of the Covid-19 pandemic has compounded an already strained operating environment and will have a negative impact on asset quality for th...
South Africa
UploadedJun 2020
GCR takes three African banking hubs, from the South, East and West of the continent and provides an opinion on how the banking sectors will cope w...
UploadedJun 2020
Bien que l'article 13 du code de la Conférence Interafricaine des Marchés d'Assurance (« CIMA ») devrait ré...
Namibia
UploadedApr 2020
Despite persistent sluggish local economic growth, compounded by COVID-19 pandemic risks, GCR expects the Namibian insurance sector to remain resil...
Ghana
UploadedApr 2020
GCR sees potential for higher capital and cash balances and enhanced earnings capacity to strengthen the financial profile, given developing risk-b...
South Africa
UploadedApr 2020
GCR Ratings believes the performance of securitisation transactions may be impacted by the relief solutions offered by the South African Financial...
Cote d'Ivoire
UploadedApr 2020
Impairments of accumulated aged premium receivables undermine otherwise sound profitability. Although article 13 of the Conference Interafricaine d...