Insurers in search of partnerships

Local companies are seeking strategic alliances to expand into new markets. These alliances are deemed to be vital for the growth of insurers. The current trend is for the entry of banks into the sector. Bancassurance is one of the development trends explored by the insurers.
The other growth driver lies in the collaboration between the insurance companies and the large companies that offer a potential of new customers. Among these are the mobile telephony operators.