How has pressure on the global reinsurance price impacted Papua New Guinea’s insurance sector?
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Interviews & Viewpoints | Jeremy Norton, General Manager, Tower Insurance: Interview from The Report: Papua New Guinea 2020
Articles & Analysis | Will entrepreneurship boost employment in Papua New Guinea? from The Report: Papua New Guinea 2020
Small and medium-sized enterprises (SMEs) in Papua New Guinea currently generate 0.8% of exports and account for 6% of GDP. However, policymakers see substantial opportunities in providing these smaller companies with enhanced institutional and financial support. Indeed, the government estimates that SMEs have the potential to generate more...
Interviews & Viewpoints | Loi Bakani, Governor, Bank of Papua New Guinea (BPNG): Interview from The Report: Papua New Guinea 2020
Interviews & Viewpoints | Ian Tarutia, CEO, National Superannuation Fund (nasfund): Interview from The Report: Papua New Guinea 2020
What is the optimum balance between Papua New Guinea and overseas investments for superannuation funds in 2020-21?
Articles & Analysis | How will Papua New Guinea banks offset the impact of Covid-19? from The Report: Papua New Guinea 2020
The Covid-19 pandemic has brought substantial macroeconomic challenges throughout the world, leaving no country unaffected. Although Papua New Guinea has benefitted from its geographical isolation in terms of public health, its economic recovery will be highly dependent on international commodity prices, from where it receives the majority of...
Papua New Guinea’s insurance market is closely indexed to the country’s economy, which prior to the Covid-19 outbreak in early 2020 had been projected to grow at an average of 3% per year through to 2022. However, the pandemic effectively shuttered PNG for several months, and reduced global demand for the commodities that drive its export earnings. The insurance market therefore faces an...