Insurance Industry in Eritrea - Achievements and Challenges

Osmania Journal of International Business Studies, Vol. 2, No. 1, pp. 140-146, June 2007

8 Pages Posted: 1 Jun 2015  

Prof. Ravinder Rena

North-West University; Polytechnic of Namibia; University of the Western Cape; Papua New Guinea University of Technology

Date Written: June 15, 2007

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.

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

JEL Classification: E4, G1, G11, G22

Suggested Citation

Rena, Prof. Ravinder, Insurance Industry in Eritrea - Achievements and Challenges (June 15, 2007). Osmania Journal of International Business Studies, Vol. 2, No. 1, pp. 140-146, June 2007. Available at SSRN: https://ssrn.com/abstract=1290358 or http://dx.doi.org/10.2139/ssrn.1290358

Ravinder Rena (Contact Author)

North-West University ( email )

Hoffman Street
Potchefstroom, 2520
South Africa

HOME PAGE: http://www.nwu.ac.za

Polytechnic of Namibia ( email )

13 Storch Street
Private Bag 13388
Windhoek, Khomas 13388
Namibia

HOME PAGE: http://www.polytechnic.edu.na

University of the Western Cape ( email )

Private Bag X 17
Economics, Faculty of Economic and Management Scie
Bellville, Western Cape 7535
South Africa
0027219593624 (Phone)
0027219593201 (Fax)

HOME PAGE: http://www.uwc.ac.za

Papua New Guinea University of Technology ( email )

Private Mail Bag 411
Lae, Morobe 411
Papua New Guinea

HOME PAGE: http://www.unitech.ac.pg

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