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Botswana Insurance Report Q3 2016

  • May 2016
  • -
  • Business Monitor International
  • -
  • 45 pages

Includes 3 FREE quarterly updates

BMI View: We retain a broadly positive outlook for Botswana's small insurance sector. A number of wellcapitalisedfirms are present in the market, several of which benefit from the backing of leading regionaland multinational insurers. These providers are distributing attractive products through multiple channels.Price competition remains a challenge in much of the non-life segment. Both major segments are exposed toslowing in the economy (or worse).

Key Updates & Developments

- Life insurance is forecast to record healthy annual growth in premiums of just over 8% between 2016 and2020 (in local currency terms).This will in part be the result of the likely rise in household incomes. Ofgreater importance, though, will be the sale of additional products to existing clients.

- We are currently forecasting slower growth in the less developed non-life segment than in the lifesegment. This is mainly because of pricing competition in the motor vehicle insurance sub-sector.Nevertheless, we accept that rising numbers of cars and trucks on Botswana's roads should underpingrowth in volumes..

- Newsflow through early 2016 has been limited. Press reports have pointed to the possibility of a sale byZurich Insurance Group of its short-term insurance (non-life) businesses in Southern Africa which,presumably, would include the operations in Botswana.

- The likely weakness of the BWP will constrain the growth of premiums in USD terms.

Table Of Contents

Botswana Insurance Report Q3 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 2009-2014) 10
Non-Life Premiums Forecast 11
Table: Non-Life Premiums (Botswana 2013-2020) 14
Table: Non-Life Insurance Claims (Botswana 2009-2014) 14
Non-Life Sub-Sector Forecast 15
Table: Non-Life Insurance Premiums by Product Line (Botswana 2013-2020) 22
Insurance Risk/Reward Index 23
Sub-Saharan Africa Risk/Reward Index 23
Table: Sub-Saharan Africa Insurance Risk/Reward Index - Q316 24
Market Overview 26
Life Market Overview 26
The Product Offering 26
The Competitive Landscape 26
Table: Life Insurance Market Share (USDmn) 2011-2013 28
Non-Life Market Overview 28
The Product Offering 28
The Competitive Landscape 29
Table: Non Life Market Share (USDmn) 2011-2014 30
Company Profile 31
BIC 31
Botswana Life 33
Metropolitan 35
Zurich 37
Methodology 39
Industry Forecast Methodology 39
Risk/Reward Index Methodology 42
Table: Indicators 44
Table: Weighting of Indicators 45

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