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Mauritius Insurance Report Q4 2016

  • September 2016
  • -
  • Business Monitor International
  • -
  • 47 pages

Includes 3 FREE quarterly updates

BMI View:

Mauritius is home to one of the best-developed life insurance markets in Africa. Nevertheless,premiums should continue to grow by around 5-6% annually over the forecast period. The main drivers willbe the general growth in the economy, rising household incomes and innovation on the part of the lifeinsurers. The smaller non-life segment should grow more rapidly, thanks to a rapid expansion in the health& personal accident insurance sub-sector.



Key Updates And Forecasts


- Mauritius is embarking on a number of ambitious infrastructure projects, including the development ofeight 'smart cities', which should stimulate growth in the non-life insurance sector, though, as it is amature market, domestic insurers may be more focused upon opportunities in overseas markets.

- This quarter we are maintaining our forecasts for the life segment, where premiums should achieve soldgrowth, both this year and through the forecast period.

- Recent results from the leading insurers have caused us to lift our forecasts for the health & personalaccident sub-sector of the non-life segment. Whereas we had previously forecast annual growth of about10%, we are now anticipating an annual expansion of about 12%. As a consequence, we are forecastingfaster growth in non-life premiums than in Q316.

Table Of Contents

Mauritius Insurance Report Q4 2016
BMI Industry View 5
Table: Headline Insurance Forecasts (Mauritius 2013-2020) 5
SWOT 6
Insurance 6
Industry Forecast 8
Life Premiums Forecast 8
Table: Life Premiums (Mauritius 2013-2020) 10
Table: Life Insurance Claims (Mauritius 2008-2013) 11
Non-Life Premiums Forecast 12
Table: Non-Life Premiums (Mauritius 2013-2020) 15
Table: Non-Life Insurance Claims (Mauritius 2009-2013) 17
Non-Life Sub-Sector Forecast 18
Table: Non-Life Insurance Premiums by Product Line (Mauritius 2013-2020) 25
Insurance Risk/Reward Index 26
Sub-Saharan Africa Risk/Reward Index 26
Table: Sub-Saharan Africa Insurance Risk/Reward Index - Q416 26
Market Overview 28
Life Market Overview 28
Product Offering 28
Competitive Landscape 28
Table: Life Insurance Market, 2009-2013 (USDmn) 30
Non-Life Market Overview 31
Product Offering 31
Competitive Landscape 31
Table: Non-Life Insurance Market, 2009-2013 (USDmn) 33
Company Profile 34
Mauritius Union Group 34
State Insurance Company of Mauritius (SICOM) Group 36
Swan Insurance Co/Anglo-Mauritius Assurance Society 39
Methodology 41
Industry Forecast Methodology 41
Risk/Reward Index Methodology 44
Table: Indicators 46
Table: Weighting of Indicators 47

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