Continental Re sees huge growth as Africa's construction booms

April 24, 2015 5:04 PM

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LAGOS, April 24 (Reuters) - Africa's Continental Re plans to double premium income from its property and engineering business to $80 million over the next five years, as it bets on the continent's infrastructure boom, its executive director said.

Insurance companies are pushing for growth in Africa where many people are uninsured, banking on growing premiums as the continent develops its infrastructure and a consumer class demanding protection from risk.

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