BMI View: Namibia's insurance market will be affected by depreciation and squeezed household income.
While premiums are set to grow strongly in local currency, over the short-term in US dollars the market
will contract before it shows a slow recovery over the remainde ..."
BMI View: Namibia's insurance market is one of the more developed in Sub-Sahara Africa, though it
remains considerably smaller than the regional leader, South Africa. A number of large regional insurers
are active in the Namibian market, boosting the reach of insurers ..."
BMI View: Namibia's insurance sector is relatively well developed (in places), compared with the wider
sub-Saharan African market, with penetration of life insurance in particular being higher than it is in many
neighbouring countries. The non-life sector is less deve ..."
BMI View: Both Namibia's life and non-life insurance segments are set to enjoy rapid growth over the
period from 2015 to 2019, which will in large part be due to the development and distribution of microinsurance
products. Both major segments are dominated by large pl ..."
BMI View: Dominated by the local elements of South Africa's leading insurance companies, Namibia's
insurance sector unsurprisingly shares many characteristics with that of the much larger neighbour. At
around 8.1% of GDP and USD457 per capita, respectively, total pene ..."
Timetric's ' The Insurance Industry in Namibia, Key Trends and Opportunities to 2018' report provides detailed analysis of the market trends, drivers, challenges in the Namibian insurance industry. It provides key performance indicators such ..."
BMI View: Although small on a global scale, Namibia's insurance market is well developed on a regional
basis and life insurance penetration in particular is very high, reflecting recent growth in the insurance
sector. The market is dominated by local subsidiaries of m ..."
BMI View: Namibia's insurance market is expanding rapidly, with both life and non-life expected to show
robust double digit growth in terms of premiums written throughout our forecast period to 2018. While the
life sector will continue to dominate, accounting for arou ..."
BMI View: As of mid-2014, the newsflow confirms that the strength and innovation of the leading
companies in Namibia's non-life and life segments will underpin further steady growth in premiums (at least
in local currency terms), through the forecast period. Profitabi ..."
BMI View: The strengths and weaknesses of Namibia's insurance sector are defined by those of its vastly
larger counterpart: neighbouring South Africa. Arguably the main problem is that Namibia's economy is
very closely tied to that of South Africa: the Namibian dollar ..."