The recent post-election strikes in Mozambique have had a substantial impact on the country’s economy, with estimated daily losses surpassing 1.4 billion meticais. Among the affected sectors, the insurance industry faces heightened challenges, seeing a rise in claims due to property damage in commercial areas and potential delays in premium payments from impacted businesses and individuals. As perceived risk increases, insurers are compelled to consider adjusting their underwriting policies and possibly raising premiums to adapt to the volatile environment. This situation highlights a critical need for resilience and strategic adaptation within Mozambique’s insurance sector to ensure continued stability and profitability amid broader economic and social uncertainty. #Insurance #Mozambique #EconomicImpact #RiskManagement #InsuranceIndustry
Yane Pedro
1mo
Truly a challenging scenario for the insurance sector. It is essential to strengthen strategies that help companies maintain resilience in such unstable times. May Divine protection be with us all.
Head of Finance | Expertise in leadership in financial operations, governance and risk controls for smooth and efficient running of an organisation to ensure safe and cost-effective management
1moIndeed our present reality Dr Janfar. It would be good to see the different bodies and regulators, as well as the main financial institutions and their supporting associations coming together to discuss the post protest actions with the good of all parties in mind. Thank you for showing that Emose is already thinking about it.