Insurance Industry in Eritrea - Achievements and Challenges

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 privatized 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 synthesis diverse viewpoints, protect confidentiality and offer insights into the ever-changing insurance environment in Eritrea.

Number of Pages in PDF File: 8

Keywords: Eritrea, Insurance Industry, challenges and achievements, African insurance

JEL Classification: E4, G1, G11, G22

working papers series