Apartheid's effects linger in South African market

Article Abstract:

The legacy of South Africa's now defunct system of apartheid that divided the economy and other aspects of life on racial lines is reflected in the country's insurance marketplace. While white-owned insurance companies were supported by the former apartheid government, the development of black-owned companies was hindered by apartheid. This policy has created a highly sophisticated and dynamic white-owned insurance industry and a struggling black-owned industry that is struggling to catch up.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code:

Daunting obstacles confront insurers in China

Article Abstract:

North American insurers must approach ventures in China with patience and persistence. Insurance companies estimate that the country's insurance market will increase from about $8 bil in 1996 to $120 bil to $180 bil in the following 10 to 15 years. A major obstacle to selling insurance in China is the lack of unified insurance regulations throughout the country.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code:

U.S. insurers lag behind in global race for business

Article Abstract:

Many US insurance companies are not expanding into the global marketplace because many firms do not realize how much larger the non-US insurance market is. Other US companies may be afraid of making mistakes. There is also the language barrier involved in doing business in foreign countries, such as the members of the European Union.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code: