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Botswana Insurance Report Q2 2016

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

BMI View: We have a broadly positive outlook for Botswana's burgeoning insurance sector. A number ofwell capitalised firms are present in the market, several of which benefit from the backing of leadingregional and multinational insurers. These providers are utilising broader distribution channels andwidening the scale of the products on offer in order to improve affordability and accessibility. Combinedwith steady increases in household incomes rates and wider economic growth, the insurance sector is wellplaced to record healthy levels of premium growth over the forecast period. We do note, however, that themarket remains small by regional and global standards and widespread poverty, as well as low lifeexpectancy rates, will continue to dampen growth potential.

Key Updates And Developments

- Life insurance is forecast to record healthy annual growth in premiums of just over 8% between 2016 and2020 (in local currency terms), supported by a gradual improvement in household income rates as well aswider economic growth. As such, premiums are forecast to grow from BWP3.5bn (USD344mn) in 2016to BWP4.8bn (USD446mn) in 2020.

Table Of Contents

Botswana Insurance Report Q2 2016
BMI Industry View 5
Table: Headline Insurance Forecasts (Botswana 2013-2020) 5
SWOT 6
Industry Forecast 7
Life Premiums Forecast 7
Table: Life Premiums (Botswana 2013-2020) 10
Table: Life Insurance Claims (Botswana 2009-2013) 11
Non-Life Premiums Forecast 12
Table: Non-Life Premiums (Botswana 2013-2020) 15
Table: Non-Life Insurance Claims (Botswana 2009-2013) 15
Non-Life Sub-Sector Forecast 16
Table: Non-Life Insurance Premiums by Product Line (Botswana 2013-2020) 24
Insurance Risk/Reward Index 25
Sub-Saharan Africa Risk/Reward Index 25
Table: Sub-Saharan Africa Insurance Risk/Reward Index - Q216 26
Market Overview 28
Life Market Overview 28
The Product Offering 28
The Competitive Landscape 28
Table: Life Insurance Market Share (USDmn) 2011-2013 30
Non-Life Market Overview 30
The Product Offering 30
The Competitive Landscape 31
Table: Non Life Market Share (USDmn) 2011-2013 32
Company Profile 33
BIC 33
Botswana Life 35
Metropolitan 37
Zurich 39
Methodology 41
Industry Forecast Methodology 41
Risk/Reward Index Methodology 44
Table: Indicators 46
Table: Weighting of Indicators 47

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