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The Insurance Industry in Madagascar, Key Trends and Opportunities to 2022

The Insurance Industry in Madagascar, Key Trends and Opportunities to 2022

Summary

GlobalData’s The Insurance Industry in Madagascar, Key Trends and Opportunities to 2022 report provides detailed analysis of the market trends, drivers and challenges in the Malagasy insurance industry.

It provides key performance indicators such as written premium and claims during the review period (2013-2017) and forecast period (2017-2022).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Malagasy economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together GlobalData’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Inside this report, we look at the top themes, its predictions and identify winners and losers.

The report provides in-depth market analysis, information and insights into the Malagasy insurance industry, including -

  • The Malagasy insurance industry's growth prospects by segment and category
  • A comprehensive overview of the Malagasy economy and demographics
  • Details of the competitive landscape in the Malagasy insurance industry
  • The various distribution channels in the Malagasy insurance industry
  • Details of regulatory policy applicable to the Malagasy insurance industry
  • Analysis of natural hazards in the Malagasy insurance industry.
Scope
  • This report provides a comprehensive analysis of the insurance industry in Madagascar
  • It provides historical values for the Malagasy insurance industry for the report’s 2013-2017 review period, and projected figures for the 2017-2022 forecast period.
  • It offers a detailed analysis of the key segments in the Malagasy insurance industry, with market forecasts to 2022.
  • It covers an exhaustive list of parameters, including written premium and claims.
  • It analyzes the various distribution channels in Madagascar.
  • It profiles the top insurance companies in Madagascar, and outlines the key regulations affecting them.
Reasons to buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Malagasy insurance industry and each segment and category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Malagasy insurance industry.
  • Assess the competitive dynamics in the Malagasy insurance industry.
  • Identify the growth opportunities and market dynamics in key segments.
  • Gain insights into key regulations governing the Malagasy insurance industry and their impact on companies and the industry's future.


1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Industry Outlook
4.1 Direct written premium
4.2 Insurance density
5 Life Insurance Outlook
5.1 Segment Indicators
5.1.1 Direct written premium
5.1.2 Paid claims
5.1.3 Penetration
5.1.4 Assets and investments
6 General Insurance Outlook
6.1 Segment Indicators
6.1.1 Direct written premium
6.1.2 Penetration
6.1.3 Assets and investments
7 Distribution Channel Outlook
8 Natural and Man-Made Hazards
8.1 Storms and Flood
8.2 Droughts
8.3 Locust Invasions
8.4 Epidemics
8.5 Exposure
9 Competitive Landscape
9.1 Company Profiles
9.1.1 Saham Assurance - Company Overview
9.1.2 Mutuelle d’Assurance Malagasy (MAMA) - Company Overview
9.1.3 Compagnie Malgache d'Assurances et de Reassurances NY HAVANA - Company Overview
9.1.4 Compagnie d’Assurances et de Reassurances Omnibranches (ARO) - Company Overview
9.1.5 Allianz Madagascar - Company Overview
10 Governance, Risk and Compliance
10.1 Legislation Overview and Historical Evolution
10.2 Latest Changes in Regulation
10.3 Legislation and Market Practice by Type of Insurance
10.3.1 Life insurance
10.3.2 Property insurance
10.3.3 Motor insurance
10.3.4 Liability insurance
10.3.5 Marine, aviation and transit insurance
10.3.6 Personal accident and health insurance
10.4 Compulsory Insurance
10.4.1 Motor third-party liability insurance
10.4.2 Social security scheme
10.4.3 Liability for ships with respect to oil pollution
10.5 Supervision and Control
10.5.1 African Insurance Organization
10.5.2 Ministry of Finance
10.5.3 Committee of Insurance Companies in Madagascar
10.6 Non-Admitted Insurance Regulations
10.6.1 Overview
10.6.2 Intermediaries
10.6.3 Market practices
10.6.4 Fines and Penalties
10.7 Company Registration and Operations
10.7.1 Type of insurance organization
10.7.2 Establishing a local company
10.7.3 Foreign ownership
10.7.4 Types of license
10.7.5 Capital requirements
10.7.6 Solvency margin
10.7.7 Reserve requirements
10.7.8 Investment regulations
10.7.9 Statutory return requirements
10.7.10 Fee structure
10.8 Taxation
10.8.1 Insurance premium or policy taxation
10.8.2 Withholding taxes on premium paid overseas
10.8.3 Corporate tax
10.8.4 VAT
10.8.5 Captives
10.9 Legal System
10.9.1 Introduction
10.9.2 Access to court
10.9.3 Alternative dispute resolution
11 Databook
11.1 Life Insurance
11.1.1 Policies and premium
11.1.2 Claims and expenses
11.1.3 Assets and investments
11.2 General Insurance
11.2.1 Policies and premium
11.2.2 Claims and expenses
11.2.3 Assets and investments
12 Definitions and Methodology
12.1 Definitions
12.2 Methodology
13 About GlobalData
13.1 Contact GlobalData
13.2 About GlobalData
13.3 GlobalData’s Services
13.4 Disclaimer
List of Tables
Table 1: Malagasy Insurance Industry - Key Facts,
Table 2: Malagasy Insurance Industry -Leading Insurers,
Table 3: Malagasy Insurance Industry - Direct Written Premium (MGA Billion and US$ Million), 2013-
Table 4: Malagasy Insurance Industry - Direct Written Premium (MGA Billion and US$ Million), 2017-
Table 5: Malagasy Insurance Industry - Density (MGA), 2013-
Table 6: Malagasy Insurance Industry - Density (MGA), 2017-
Table 7: Malagasy Life Insurance - Direct Written Premium (MGA Billion and US$ Million), 2013-
Table 8: Malagasy Life Insurance - Direct Written Premium (MGA Billion and US$ Million), 2017-
Table 9: Malagasy Life Insurance - Paid Claims (MGA Billion and US$ Million), 2013-
Table 10: Malagasy Life Insurance - Paid Claims (MGA Billion and US$ Million), 2017-
Table 11: Malagasy Life Insurance - Investment Portfolio (MGA Billion), 2013-
Table 12: Malagasy Life Insurance - Investment Portfolio (MGA Billion), 2017-
Table 13: Malagasy General Insurance - Direct Written Premium (MGA Billion and US$ Million), 2013-
Table 14: Malagasy General Insurance - Direct Written Premium (MGA Billion and US$ Million), 2017-
Table 15: Malagasy General Insurance - Total Investment Income (MGA Billion and US$ Million), 2013-
Table 16: Malagasy General Insurance - Total Investment Income (MGA Billion and US$ Million), 2017-
Table 17: Malagasy General Insurance - Investment Portfolio (MGA Billion), 2013-
Table 18: Malagasy General Insurance - Investment Portfolio (MGA Billion), 2017-
Table 19: Malagasy Insurance Industry - Leading Insurers,
Table 20: Saham Assurance - Key Facts
Table 21: Mutuelle d’Assurance Malagasy (MAMA)- Key Facts
Table 22: Compagnie Malgache d'Assurances et de Reassurances NY HAVANA- Key Facts
Table 23: Compagnie d’Assurances et de Reassurances Omnibranches (ARO)- Key Facts
Table 24: Allianz Madagascar - Key Facts
Table 25: Madagascar - Insurance Regulatory Framework Key Features
Table 26: Madagascar - Life Insurance Regulatory Framework
Table 27: Madagascar - Life Insurance Regulatory Framework
Table 28: Madagascar - Property Insurance Regulatory Framework
Table 29: Madagascar - Motor Insurance Regulatory Framework
Table 30: Madagascar - Liability Insurance Regulatory Framework
Table 31: Madagascar - Corporate Tax Rates for the Financial Year
Table 32: Malagasy Life Insurance - Policies and Premium, 2013-
Table 33: Malagasy Life Insurance - Policies and Premium, 2017-
Table 34: Malagasy Life Insurance - Claims and Expenses, 2013-
Table 35: Malagasy Life Insurance - Claims and Expenses, 2017-
Table 36: Malagasy Life Insurance - Assets and Investments, 2013-
Table 37: Malagasy Life Insurance - Assets and Investments, 2017-
Table 38: Malagasy General Insurance - Policies and Premium, 2013-
Table 39: Malagasy General Insurance - Policies and Premium, 2017-
Table 40: Malagasy General Insurance - Claims and Expenses, 2013-
Table 41: Malagasy General Insurance - Claims and Expenses, 2017-
Table 42: Malagasy General Insurance - Assets and Investments, 2013-
Table 43: Malagasy General Insurance - Assets and Investments, 2017-
Table 44: Insurance Industry Definitions
List of Figures
Figure 1: Malagasy Real GDP (MGA Billion), 2013-
Figure 2: Malagasy Exchange Rate (MGA per US$), 2013-
Figure 3: Malagasy Consumer Price Inflation (%), 2013-
Figure 4: Malagasy Current Account Balance as Percentage of GDP (%), 2013-
Figure 5: Malagasy Unemployment Rate, 2013-
Figure 6: Malagasy Population by Age Group, 2013-
Figure 7: Malagasy Insurance Industry - Direct Written Premium (MGA Billion), 2013-
Figure 8: Malagasy Insurance Industry - Density (MGA), 2013-
Figure 9: Malagasy Life Insurance - Direct Written Premium (MGA Billion), 2013-
Figure 10: Malagasy Life Insurance - Paid Claims (MGA Billion), 2013-
Figure 11: Malagasy Life Insurance - Penetration (%), 2013-
Figure 12: Malagasy Life Insurance - Penetration (%), 2017-
Figure 13: Malagasy Life Insurance - Investment Portfolio (MGA Billion), 2013-
Figure 14: Malagasy Life Insurance - Investment Portfolio Dynamics (MGA Billion), 2013-
Figure 15: Malagasy General Insurance - Direct Written Premium (MGA Billion), 2013-
Figure 16: Malagasy General Insurance - Penetration (%), 2013-
Figure 17: Malagasy General Insurance - Penetration (%), 2017-
Figure 18: Malagasy General Insurance - Total Investment Income (MGA Billion), 2013-
Figure 19: Malagasy General Insurance - Investment Portfolio (MGA Billion), 2013-
Figure 20: Malagasy General Insurance - Investment Portfolio Dynamics (MGA Billion), 2013-
Figure 21: Madagascar - Insurance Supervision and Control at Various Levels
Figure 22: Madagascar - Insurance Regulatory Frameworks for Company Registration and Operation

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