Negative insurance article, but loaded with rich info. Insurance industry profits less than member's or simba's 2012 PBT shouts the article. Also insurance penetration is a dismal 3% of the population.
http://www.businessdaily...0/-/1hutij/-/index.html Top 2 premium cake eaters are JHL and CIC then UAP.
The negatives paint a rosy picture of the potentials waiting to happen...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!