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Botswana Insurance Report Q1 2016

  • November 2015
  • -
  • Business Monitor International
  • -
  • 46 pages

Includes 3 FREE quarterly updates

BMI View: Botswana's insurance market is small by regional and global standards, though the life sectorhas grown rapidly in recent years and emerged as an important conduit for organised savings. Both the lifeand non life sectors are expected to grow rapidly over the forecast period, bolstered by growing demand formotor and property insurance and by wider economic growth. Low average household income levels willcontinue to hamper growth, however, and while financial inclusion is rising at least one quarter of the adultpopulation either does not understand the benefits of insurance or cannot afford it.

Key Updates and Developments

-Botswana's more developed life sector is expected to show the strongest growth, with gross life premiumswritten set to increase steadily over the forecast period, rising from USD327mn in 2015 to USD423mn in2019.

-Gross premiums written in the non-life sector will also increase, though at a slower rate, rising fromUSD138mn in 2015 to USD149mn in 2019 when non life insurance will account for around a quarter ofgross insurance premiums written in Botswana.

-Botswana Insurance Holdings Limited (BIHL) continues to expand, announcing in October 2015 itplanned to acquire a 25.1% stake in the Malawian insurance and asset management company, NicoHoldings for BWP145mn.

Table Of Contents

Botswana Insurance Report Q1 2016
BMI Industry View 5
Table: Headline Insurance Forecasts (Botswana 2012-2019) 5
Industry Forecast 7
Life Premiums Forecast 7
Table: Life Premiums (Botswana 2012-2019) 10
Table: Life Insurance Claims (Botswana 2009-2013) 10
Non-Life Premiums Forecast 11
Table: Non-Life Premiums (Botswana 2012-2019) 14
Table: Non-Life Insurance Claims (Botswana 2008-2014) 14
Non-Life Sub-Sector Forecast 15
Table: Non-Life Insurance Premiums by Product Line (Botswana 2012-2019) 23
Insurance Risk/Reward Index 24
Sub-Saharan Africa Risk/Reward Index 24
Table: Sub-Saharan Africa Insurance Risk/Reward Index 25
Market Overview 27
Life Market Overview 27
The Product Offering 27
The Competitive Landscape 27
Table: Life Insurance Market Share (USDmn) 2010-2012 29
Non-Life Market Overview 29
The Product Offering 29
The Competitive Landscape 30
Table: Non Life Market Share (USDmn) 2010-2012 31
Company Profile 32
BIC 32
Botswana Life 34
Metropolitan 36
Zurich 38
Methodology 40
Industry Forecast Methodology 40
Risk/Reward Index Methodology 43
Table: Indicators 45
Table: Weighting of Indicators 46

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