Zimbabwe Insurance Report Q4 2016

Publisher Name :
Date: 14-Sep-2016
No. of pages: 51

BMI View: The outlook for Zimbabwe's insurance market is relatively mixed. In the short-term, both the life

and non-life sectors will struggle to achieve growth, hampered by the wider economic stagnation in the

country. Over the medium term, however, there are positive market trends in play which indicate scope for

the insurance sector to develop rapidly from a low base. In particular we see a gradual improvement in

income rates in conjunction with stronger GDP growth stimulating demand for various life and non-life

products from 2017 through to 2020 and beyond. While foreign investors may remain hesitant to commit to

a market where operational risks are considerable, there is scope for new entrants which could take

advantage of the consolidation among the smaller domestic firms to establish a presence in the

Zimbabwean insurance sector.

Key Updates And Forecasts

? Zimbabwe continues to take steps to improve the regulatory environment. New minimum capitalisation

requirements have been introduced effective 31 December 2015 and the government is also reportedly

developing a regulatory framework to support the nascent micro-insurance segment.

? Following slow growth in 2016 of just 0.2%, Zimbabwe's non-life sector is expected to gather pace over

the remainder of the forecast period with total premiums written expected to reach USD320mn by 2020

(up from USD215mn in 2016). Basic motor and property lines will continue to dominate for some time to

come.

? Similarly, the life insurance sector will see limited growth of 1.1% in 2016 followed by more robust

growth between 2017 and 2020, leading to total premiums of USD561mn by the end of the forecast

period (up from USD336mn in 2016). The life market will remain reliant upon group business for the

majority of premiums written.

Zimbabwe Insurance Report Q4 2016

Table of Contents

BMI Industry View 5
Table: Headline Insurance Forecasts (Zimbabwe 2013-2020) 5
SWOT 6
Industry Forecast 8
Life Premiums Forecast 8
Table: Life Premiums (Zimbabwe 2013-2020) 11
Table: Life Insurance Claims (Zimbabwe 2009-2015) 12
Non-Life Premiums Forecast 13
Table: Non-Life Premiums (Zimbabwe 2013-2020) 16
Table: Non-Life Insurance Claims (Zimbabwe 2010-2015) 16
Non-Life Sub-Sector Forecast 17
Table: Non-Life Insurance Premiums by Product Line (Zimbabwe 2013-2020) 26
Insurance Risk/Reward Index 27
Sub-Saharan Africa Risk/Reward Index 27
Table: Sub-Saharan Africa Insurance Risk/Reward Index - Q416 27
Market Overview 29
Life Market Overview 29
The Product Offering 29
The Competitive Landscape 29
Table: Life Market Shares (USDmn), 2011-2015 31
Non-life Market Overview 33
The Product Offering 33
The Competitive Landscape 33
Table: Non-Life Market Shares, USDmn, 2011-2015 35
Company Profile 37
Alliance 37
NICOZ 39
Nyaradzo 41
Old Mutual 43
Methodology 45
Industry Forecast Methodology 45
Risk/Reward Index Methodology 48
Table: Indicators 50
Table: Weighting of Indicators 51

List of Tables

Table: Headline Insurance Forecasts (Zimbabwe 2013-2020)
Table: Life Premiums (Zimbabwe 2013-2020)
Table: Life Insurance Claims (Zimbabwe 2009-2015)
Table: Non-Life Premiums (Zimbabwe 2013-2020)
Table: Non-Life Insurance Claims (Zimbabwe 2010-2015)
Table: Non-Life Insurance Premiums by Product Line (Zimbabwe 2013-2020)
Table: Sub-Saharan Africa Insurance Risk/Reward Index - Q416
Table: Life Market Shares (USDmn), 2011-2015
Table: Non-Life Market Shares, USDmn, 2011-2015
Table: Indicators
Table: Weighting of Indicators
  • Global IoT Insurance Market Size, Status and Forecast 2022
    Published: 20-Feb-2017        Price: US 3300 Onwards        Pages: 103
    Notes: Production, means the output of IoT Insurance Revenue, means the sales value of IoT Insurance This report studies the global IoT Insurance market, analyzes and researches the IoT Insurance development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like - International Business Machines - SAP SE - Oracle - Google - Microsoft - Ci......
  • The Insurance Industry in Botswana Key Trends and Opportunities to 2020
    Published: 20-Feb-2017        Price: US 1450 Onwards        Pages: 104
    Synopsis Timetric's 'The Insurance Industry in Botswana, Key Trends and Opportunities to 2020' report provides a detailed analysis of the Botswanan insurance industry. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review (2011-2015) and forecast periods (2015-2020). The report also gives a comprehensive overview of the Botswan......
  • The Insurance Industry in Rwanda, Key Trends and Opportunities to 2020
    Published: 07-Feb-2017        Price: US 1450 Onwards        Pages: 89
    Synopsis Timetric's 'The Insurance Industry in Rwanda, Key Trends and Opportunities to 2020' report provides a detailed analysis of the Rwandan insurance industry. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review (2011-2015) and forecast (2015-2020) periods. The report also gives a comprehensive overview of Rwanda's economy and......
  • The Rise of Big Data in Insurance
    Published: 31-Jan-2017        Price: US 2795 Onwards        Pages: 27
    Synopsis Data has undoubtedly altered the way the insurance industry works, enabling companies to access more information about customers and allowing them to offer the potential for cheaper premiums and rewards. Telematics, wearables, and connected homes are the main established examples. The health sector is where big data's impact is most evident, with wearable technology increasingly used by large insurers, which offer cheaper premiums, reward schemes and health ben......
  • Customer Segmentation in UK Insurance: Evolving Landscapes
    Published: 31-Jan-2017        Price: US 2795 Onwards        Pages: 25
    Financial services is evolving, and the launch of new products - most of which are technology-based - is becoming ever-more frequent. While insurance is steeped in tradition, the industry is beginning to change and evolve - which will be necessary to appeal to Evolving Landscapes consumers, many of whom see no room for traditional businesses in the future. Key Findings 50% of consumers fit into the Evolving Landscapes category, indicating that many rema......
  • The Insurance Industry in Mozambique, Key Trends and Opportunities to 2020
    Published: 24-Jan-2017        Price: US 1450 Onwards        Pages: 112
    Synopsis Timetric's 'The Insurance Industry in Mozambique, Key Trends and Opportunities to 2020' report provides a detailed analysis of the Mozambican insurance industry. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review (2011-2015) and forecast periods (2015-2020). The report also gives a comprehensive overview of the Moza......
  • The Insurance Industry in Mauritius, Key Trends and Opportunities to 2020
    Published: 23-Jan-2017        Price: US 1450 Onwards        Pages: 136
    Synopsis Timetric's 'The Insurance Industry in Mauritius, Key Trends and Opportunities to 2020' report provides a detailed analysis of the Mauritian insurance industry. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review (2011-2015) and forecast periods (2015-2020). The report also gives a comprehensive overview of the Maurit......
  • Professional Indemnity and D&O Insurance in the UK - Key Trends and Opportunities to 2020
    Published: 16-Jan-2017        Price: US 2795 Onwards        Pages: 72
    Synopsis Timetric's 'Professional Indemnity and D&O Insurance in the UK - Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into UK professional indemnity and D&O insurance, including: The UK's professional indemnity and D&O insurance business growth prospects by segment and category A comprehensive overview of the growth drivers The detailed competitive landscape of ......
  • Targeting UK Mass Affluents with Insurance
    Published: 06-Jan-2017        Price: US 1295 Onwards        Pages: 37
    Summary The mass affluent population in the UK is growing, meaning the demographic is an opportunity for providers selling personal insurance. Mass affluents are more likely to be male, have higher household incomes, and be married compared to retail customers. The assets of mass affluents are higher value, making their insurance needs more complex. They have different lifestyles compared to retail customers, meaning they also have different insurance needs. They trav......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - sales@rnrmarketresearch.com / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs