...Weak Economy Constrains Performance: Fitch Ratings expects the weak economic growth in South Africa to further constrain living standards and put pressure on insurers' financial performance. This persistently weak growth trajectory is reflected in the Negative Outlook on the South African sovereign (see South Africa). National Scale Rating Outlooks Stable: Most life insurers' national scale rating Outlooks are Stable. This reflects the resilience of the industry to the difficult operating conditions and the stability of individual insurers' relative creditworthiness, driven by strong solvency, profitability and maintained market share. Recurring Premium Growth Slowing: Typical insurers...
