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Botswana Insurance Report Q2 2016

Botswana Insurance Report Q2 2016

BMI View: We have a broadly positive outlook for Botswana's burgeoning insurance sector. A number ofwell capitalised firms are present in the market, several of which benefit from the backing of leadingregional and multinational insurers. These providers are utilising broader distribution channels andwidening the scale of the products on offer in order to improve affordability and accessibility. Combinedwith steady increases in household incomes rates and wider economic growth, the insurance sector is wellplaced to record healthy levels of premium growth over the forecast period. We do note, however, that themarket remains small by regional and global standards and widespread poverty, as well as low lifeexpectancy rates, will continue to dampen growth potential.

Key Updates And Developments

Life insurance is forecast to record healthy annual growth in premiums of just over 8% between 2016 and2020 (in local currency terms), supported by a gradual improvement in household income rates as well aswider economic growth. As such, premiums are forecast to grow from BWP3.5bn (USD344mn) in 2016to BWP4.8bn (USD446mn) in 2020.


BMI Industry View
Table: Headline Insurance Forecasts (Botswana 2013-2020)
SWOT
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Botswana 2013-2020)
Table: Life Insurance Claims (Botswana 2009-2013)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Botswana 2013-2020)
Table: Non-Life Insurance Claims (Botswana 2009-2013)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums by Product Line (Botswana 2013-2020)
Insurance Risk/Reward Index
Sub-Saharan Africa Risk/Reward Index
Table: Sub-Saharan Africa Insurance Risk/Reward Index - Q216
Market Overview
Life Market Overview
The Product Offering
The Competitive Landscape
Table: Life Insurance Market Share (USDmn) 2011-2013
Non-Life Market Overview
The Product Offering
The Competitive Landscape
Table: Non Life Market Share (USDmn) 2011-2013
Company Profile
BIC
Botswana Life
Metropolitan
Zurich
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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