Africano Insurance Company Limited was established in 1960 and developed into one of the prominent insurance companies providing various insurance covers like; property insurance, insurance against accidental injury, life insurance and health insurance. The success of the company could be mainly attributed to the efficiency with which it handled its underwriting operations. At the meeting of the Board of Directors, John Obeng, Chairman and CEO of Africano Insurance Company Limited raised the issue of expanding the operations of the organization to the wider international markets. Other directors who had also been considering the idea for some time, immediately agreed. Talking on the subject, Obeng said, "We have the necessary funds to expand our operations, but what is more important is to decide which market to target and how to underwrite profitably". Expectation From an underwriting perspective, discuss what Africano Insurance Company Limited faces in its forthcoming decision to expand its business. Your discussions should include the challenges pertaining to regulation and legislation, the diverse market, and corresponding risks.

Africano Insurance Company Limited was established in 1960 and developed into one of the prominent insurance companies providing various insurance covers like; property insurance, insurance against accidental injury, life insurance and health insurance. The success of the company could be mainly attributed to the efficiency with which it handled its underwriting operations. At the meeting of the Board of Directors, John Obeng, Chairman and CEO of Africano Insurance Company Limited raised the issue of expanding the operations of the organization to the wider international markets. Other directors who had also been considering the idea for some time, immediately agreed. Talking on the subject, Obeng said, "We have the necessary funds to expand our operations, but what is more important is to decide which market to target and how to underwrite profitably". Expectation From an underwriting perspective, discuss what Africano Insurance Company Limited faces in its forthcoming decision to expand its business. Your discussions should include the challenges pertaining to regulation and legislation, the diverse market, and corresponding risks.