INSURANCE INDUSTRY IN ERITREA - ACHIEVEMENTS AND CHALLENGES

Rena, Ravinder (2007): INSURANCE INDUSTRY IN ERITREA - ACHIEVEMENTS AND CHALLENGES. Published in: Osmania Journal of International Business Studies , Vol. 2, No. 1 (5 June 2007): pp. 140-146.

Abstract

The industrial revolution led to the birth of different types of insurance systems. Insurance business emerged and developed in Eritrea during the Italian period. The insurance industry in Eritrea has been huge profits from its inception in 1992. In spite of the consistent profits by the insurance, the Government privatised it recently due the policy and revenue requirements. An attempt is made in this paper to discuss the background of the insurance and it evolution and development. This paper focuses on achievements and challenges of Eritrean insurance industry after independence. The paper attempts to synthesise diverse viewpoints, protect confidentiality and offer insights into the ever-changing insurance environment in Eritrea.

• Item Type: MPRA Paper
• Language: English
• Keywords: Eritrea, Insurance Industry, challenges and achievements
• Subjects: R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R5 - Regional Government Analysis > R53 - Public Facility Location Analysis ; Public Investment and Capital Stock; G - Financial Economics > G1 - General Financial Markets > G11 - Portfolio Choice ; Investment Decisions; A - General Economics and Teaching > A1 - General Economics; E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E44 - Financial Markets and the Macroeconomy

References

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Rena, Ravinder (2006a) Financial Institutions in Eritrea, Dar Es Salaam (Tanzania): New Africa Press.

Rena, Ravinder (2006b) A Handbook on the Eritrean Economy: Problems and Prospects for Development. Daar Es Salaam (Tanzania): New Africa Press.

Zeru Woldemichael (1999) “Problems and Prospects of Insurance Industry in Eritrea,” a Paper presented in the National Workshop on Development of Finance, Banking and Insurance in Eritrea held at Tiramni (Eritrea) on 7th and 8th May 1999.