A COMPARATIVE STUDY OF THE APPLICATION OF ALTERNATIVE RISK TRANSFER METHODS OF INSURANCE IN SOUTH AFRICA AND ZIMBABWE

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Abstract

Alternative risk transfer techniques represent the crown jewels in the risk management arena. This non-traditional method of insurance has gained prominence over the last few decades. Against this backdrop, the present study seeks to unravel the development of the alternative risk financing insurance segment within a developing country setting. The study specifically sets out to compare and contrast the ART insurance market segments of South Africa and Zimbabwe. The study is documents that the Zimbabwean market is at a nascent stage of development, whilst the South African market is fully developed. Notwithstanding the prospects for the development of this sector looks bright.

Keywords: Alternative Risk Transfer, Non-traditional Insurance, Risks, Derivatives, South Africa, Zimbabwe

How to cite this paper: Sibindi, A. B. (2015). A comparative study of the application of alternative risk transfer methods of insurance in South Africa and Zimbabwe. Journal of Governance and Regulation, 4(3-2), 241-249. https://doi.org/10.22495/jgr_v4_i3_c2_p6