Botswana Insurance Report Q4 2016

Publisher Name :
Date: 07-Sep-2016
No. of pages: 45

BMI View: We are not changing our forecasts for this quarter. We retain a broadly positive outlook for

Botswana's small insurance sector. A number of well-capitalised firms are present in the market, several of

which benefit from the backing of leading regional and 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 to slowing in the economy (or worse).

Key Updates & Developments

? In Q416, we are not altering our forecasts. Life insurance is forecast to record healthy annual growth in

premiums of just over 8% between 2016 and 2020 (in local currency terms). This will in part be the result

of the likely rise in household incomes. Of greater 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 life

segment. 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 underpin

growth in volumes.

Botswana Insurance Report Q4 2016

Table of Contents

BMI Industry View 5
Table: Headline Insurance Forecasts (Botswana 2013-2020) 5
SWOT 6
Insurance 6
Industry Forecast 8
Life Premiums Forecast 8
Table: Life Premiums (Botswana 2013-2020) 11
Table: Life Insurance Claims (Botswana 2009-2014) 11
Non-Life Premiums Forecast 12
Table: Non-Life Premiums (Botswana 2013-2020) 15
Table: Non-Life Insurance Claims (Botswana 2009-2014) 15
Non-Life Sub-Sector Forecast 16
Table: Non-Life Insurance Premiums By Product Line (Botswana 2013-2020) 23
Insurance Risk/Reward Index 24
Sub-Saharan Africa Risk/Reward Index 24
Table: Sub-Saharan Africa Insurance Risk/Reward Index - Q416 24
Market Overview 26
Life Market Overview 26
Product Offering 26
Competitive Landscape 26
Table: Life Insurance Market Share (USDmn) 2011-2013 28
Non-Life Market Overview 28
Product Offering 28
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

List of Tables

Table: Headline Insurance Forecasts (Botswana 2013-2020)
Table: Life Premiums (Botswana 2013-2020)
Table: Life Insurance Claims (Botswana 2009-2014)
Table: Non-Life Premiums (Botswana 2013-2020)
Table: Non-Life Insurance Claims (Botswana 2009-2014)
Table: Non-Life Insurance Premiums By Product Line (Botswana 2013-2020)
Table: Sub-Saharan Africa Insurance Risk/Reward Index - Q416
Table: Life Insurance Market Share (USDmn) 2011-2013
Table: Non-Life Market Share (USDmn) 2011-2014
Table: Indicators
Table: Weighting of Indicators
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