1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends
  4. > Ghana Insurance Report Q4 2015

Ghana Insurance Report Q4 2015

  • September 2015
  • -
  • Business Monitor International
  • -
  • 67 pages

Includes 3 FREE quarterly updates

BMI View: Ghana is witnessed increasing demand for insurance as living standards and disposableincomes rise and companies do more to market to low-income communities This, coupled withadvancement in distribution strategies, is leading to steady growth in premiums, albeit mainly in localcurrency terms Going forward, we expect multinational insurance groups to move increasingly into themarket, while local firms will be limited by their scale and lack of access to capital marketsGhana's insurance market, though growing, is at the early stage of its development Total insurancepenetration and density are both low at about 1% of GDP and USD16 per capita, respectively Premiumshaving been growing at a rapid pace in local currency terms, though the level of growth has been boostedby inflation, which has also had an impact on claims as well as other costs to insurers As such, growth hasoften been lower in USD terms than it has been in local currency terms

Table Of Contents

Ghana Insurance Report Q4 2015
BMI Industry View 7
Politics 11
Economic 13
Operational Risk 15
Industry Forecast 17
Life Premiums Forecast 17
Life Premiums 17
Table: Gross Life Premiums Written (Ghana 2012-2019) 18
Net Premiums 19
Table: Net Life Premiums Written (Ghana 2012-2019) 19
Life Insurers' Assets 19
Table: Assets (Ghana 2007-2014) 19
Life Insurance Drivers 20
Table: Life Expectancy by Gender (Ghana 2012-2019) 20
Table: Demographic Breakdown (Ghana 2012-2019) 21
Non-Life Premiums Forecast 22
Non-Life Premiums 22
Table: Gross Non-Life Premiums Written (Ghana 2012-2019) 24
Net Non-Life Premiums 24
Table: Net Non-Life Premiums Written (Ghana 2012-2019) 25
Non-Life Sub-Sector Forecast 26
Table: Non-Life % Breakdown (Ghana 2012-2019) 27
Motor and Transport Insurance 27
Table: Motor Vehicle Insurance (Ghana 2012-2019) 28
Table: Insurance Key Drivers, Autos (Ghana 2012-2019) 28
Table: Transport Insurance (Ghana 2012-2019) 29
Property Insurance 29
Table: Property Insurance (Ghana 2012-2019) 30
Personal Accident Insurance 30
Table: Personal Accident Insurance (Ghana 2012-2019) 31
Health Insurance 31
Table: Insurance Key Drivers, Private Health Expenditure (Ghana 2012-2019) 31
Industry Risk Reward Ratings 32
Sub-Saharan Africa Risk/Reward Index 32
Table: Sub-Saharan Africa Insurance Risk/Reward Index 33
Market Overview 35
Life Market Overview 35
The Product Offering 35
The Competitive Landscape 36
Table: Company Insurance: Life Insurance Market (USDmn) 2007-2011 38
Table: Company Performance: Life Insurance Market (%) 2007-2011 39
Non-Life Market Overview 40
The Product Offering 40
The Competitive Landscape 41
Table: Company Performance: Non-Life Insurance Market (USDmn) 2007-2011 43
Table: Company Performance: Ghanaian Non-Life Insurance Market (%) 2007-2011 44
Company Profile 46
Enterprise Life/Enterprise Insurance 46
Star Assurance/StarLife 51
SIC Insurance Group 53
Demographic Forecast 56
Table: Population Headline Indicators (Ghana 1990-2025) 57
Table: Key Population Ratios (Ghana 1990-2025) 57
Table: Urban/Rural Population and Life Expectancy (Ghana 1990-2025) 58
Table: Population By Age Group (Ghana 1990-2025) 58
Table: Population By Age Group % (Ghana 1990-2025) 59
Methodology 61
Industry Forecast Methodology 61
Risk/Reward Index Methodology 64
Table: Indicators 66
Table: Weighting of Indicators 67

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Commercial Non-Life Insurance Brokers in Europe

Commercial Non-Life Insurance Brokers in Europe

  • $ 10000
  • Industry report
  • August 2016
  • by Finaccord

Finaccord’s report titled Commercial Non-Life Insurance Brokers in Europe, plus the BrokerBASE™ and market data annexe that accompany it, investigate the importance of brokers in the distribution of ...

Fraud Detection and Prevention Market by Solution, Application Areas, Service, End-User, Vertical - Global Forecast to 2021

Fraud Detection and Prevention Market by Solution, Application Areas, Service, End-User, Vertical - Global Forecast to 2021

  • $ 7150
  • Industry report
  • September 2016
  • by MarketsandMarkets

“Rapid increase in mobile banking will drive the FDP market” The Fraud Detection and Prevention (FDP) market size is estimated to grow from USD 14.36 billion in 2016 to USD 33.19 billion by 2021, at ...

Travel Insurance and Assistance in the Asia-Pacific Region

Travel Insurance and Assistance in the Asia-Pacific Region

  • $ 5996
  • Industry report
  • July 2016
  • by Finaccord

Travel Insurance and Assistance in the Asia-Pacific Region investigates the market for stand-alone travel insurance and assistance in ten countries, namely, China, Hong Kong, India, Indonesia, Japan, Malaysia, ...


Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.