Mauritius Insurance Report Q4 2016

Publisher Name :
Date: 21-Sep-2016
No. of pages: 47

BMI View: Mauritius is home to one of the best-developed life insurance markets in Africa. Nevertheless,

premiums should continue to grow by around 5-6% annually over the forecast period. The main drivers will

be the general growth in the economy, rising household incomes and innovation on the part of the life

insurers. The smaller non-life segment should grow more rapidly, thanks to a rapid expansion in the health

& personal accident insurance sub-sector.

Key Updates And Forecasts

? Mauritius is embarking on a number of ambitious infrastructure projects, including the development of

eight 'smart cities', which should stimulate growth in the non-life insurance sector, though, as it is a

mature market, domestic insurers may be more focused upon opportunities in overseas markets.

? This quarter we are maintaining our forecasts for the life segment, where premiums should achieve sold

growth, both this year and through the forecast period.

? Recent results from the leading insurers have caused us to lift our forecasts for the health & personal

accident sub-sector of the non-life segment. Whereas we had previously forecast annual growth of about

10%, we are now anticipating an annual expansion of about 12%. As a consequence, we are forecasting

faster growth in non-life premiums than in Q316.

Mauritius Insurance Report Q4 2016

Table of Contents

BMI Industry View 5
Table: Headline Insurance Forecasts (Mauritius 2013-2020) 5
SWOT 6
Insurance 6
Industry Forecast 8
Life Premiums Forecast 8
Table: Life Premiums (Mauritius 2013-2020) 10
Table: Life Insurance Claims (Mauritius 2008-2013) 11
Non-Life Premiums Forecast 12
Table: Non-Life Premiums (Mauritius 2013-2020) 15
Table: Non-Life Insurance Claims (Mauritius 2009-2013) 17
Non-Life Sub-Sector Forecast 18
Table: Non-Life Insurance Premiums by Product Line (Mauritius 2013-2020) 25
Insurance Risk/Reward Index 26
Sub-Saharan Africa Risk/Reward Index 26
Table: Sub-Saharan Africa Insurance Risk/Reward Index - Q416 26
Market Overview 28
Life Market Overview 28
Product Offering 28
Competitive Landscape 28
Table: Life Insurance Market, 2009-2013 (USDmn) 30
Non-Life Market Overview 31
Product Offering 31
Competitive Landscape 31
Table: Non-Life Insurance Market, 2009-2013 (USDmn) 33
Company Profile 34
Mauritius Union Group 34
State Insurance Company of Mauritius (SICOM) Group 36
Swan Insurance Co./Anglo-Mauritius Assurance Society 39
Methodology 41
Industry Forecast Methodology 41
Risk/Reward Index Methodology 44
Table: Indicators 46
Table: Weighting of Indicators 47

List of Tables

Table: Headline Insurance Forecasts (Mauritius 2013-2020)
Table: Life Premiums (Mauritius 2013-2020)
Table: Life Insurance Claims (Mauritius 2008-2013)
Table: Non-Life Premiums (Mauritius 2013-2020)
Table: Non-Life Insurance Claims (Mauritius 2009-2013)
Table: Non-Life Insurance Premiums by Product Line (Mauritius 2013-2020)
Table: Sub-Saharan Africa Insurance Risk/Reward Index - Q416
Table: Life Insurance Market, 2009-2013 (USDmn)
Table: Non-Life Insurance Market, 2009-2013 (USDmn)
Table: Indicators
Table: Weighting of Indicators
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