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The Insurance Industry in Botswana, Key Trends and Opportunities to 2019

The Insurance Industry in Botswana, Key Trends and Opportunities to 2019

Synopsis

Timetric’s ' The Insurance Industry in Botswana, Key Trends and Opportunities to 2019' report provides detailed analysis of the Botswanan insurance industry.

It provides key performance indicators such as written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019). The report also analyzes detailed information on the competitive landscape in the country.

The report brings together Timetric’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 regulatory structure.

Summary

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

  • The Botswanan insurance industry's growth prospects by segment and category
  • A comprehensive overview of Botswanan economy and demographics
  • The detailed competitive landscape in the Botswanan insurance industry
  • The various distribution channels in the Botswanan insurance industry
  • Detailed regulatory policies of the Botswanan insurance industry
  • Analysis of natural hazards in Botswanan insurance industry
Scope

This report provides a comprehensive analysis of the insurance industry in Botswana:
  • It provides historical values for the Botswanan insurance industry for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecast period.
  • It offers a detailed analysis of the key segments in the Botswanan insurance industry, along with market forecasts until 2019.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.
  • It analyzes the various distribution channels in Botswana.
  • It profiles the top insurance companies in Botswana 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 Botswanan insurance industry and each segment and category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Botswanan insurance industry.
  • Assess the competitive dynamics in the Botswanan insurance industry.
  • Identify the growth opportunities and market dynamics in key segments.
  • Gain insights into key regulations governing the Botswanan insurance industry and their impact on companies and the industry's future.
Key Highlights
  • The Botswanan insurance industry grew in terms of gross written premium at a review-period CAGR of 10.1%.
  • The Non-Bank Financial Institutions Regulatory Authority (NBFIRA) is responsible for the supervision, regulation and development of the Botswanan insurance industry.
  • The Botswanan insurance industry comprised 21 insurance and three reinsurance providers as of 2014.
  • Life insurance accounted for the largest share of the industry’s gross written premium in 2014, with 68.7%.
  • Botswana Life Insurance Ltd was the leading insurer, which accounted for 49.5% of the industry’s gross written premium in 2013.
  • Construction industry to spur growth of property insurance category.


  • Key Facts and Highlights
    • Table Botswanan Insurance Industry - Key Facts
  • Executive Summary
  • Economy and Demographics
    • Table Botswanan Government Credit Ratings
  • Botswanan Insurance Industry Overview
    • Table Botswanan Insurance Gross Written Premium by Segment (BWP Million), 2010-2014
    • Table Botswanan Insurance Gross Written Premium by Segment (US$ Million), 2010-2014
    • Table Botswanan Insurance Gross Written Premium by Segment (BWP Million), 2014-2019
    • Table Botswanan Insurance Gross Written Premium by Segment (US$ Million), 2014-2019
    • Table Botswanan Insurance Segmentation by Gross Written Premium (% Share), 2010-2019
    • Life Insurance
      • Table Botswanan Life Insurance - Gross Written Premium (BWP Billion and US$ Million), 2010-2014
      • Table Botswanan Life Insurance - Gross Written Premium by Sub-Segment (BWP Billion), 2014-2019
      • Table Botswanan Life Insurance - Paid Claims (BWP Million), 2010-2014
      • Table Botswanan Life Insurance - Paid Claims (BWP Million), 2014-2019
      • Table Botswanan Life Insurance - Incurred Loss (BWP Million), 2010-2014
      • Table Botswanan Life Insurance - Incurred Loss (BWP Million), 2014-2019
      • Table Botswanan Life Insurance - Net Written Premium (Percentage of GWP), 2010-2014
      • Table Botswanan Life Insurance - Net Written Premium (Percentage of GWP), 2014-2019
      • Table Botswanan Life Insurance - Total Assets (BWP Million), 2010-2014
      • Table Botswanan Life Insurance - Total Assets (BWP Million), 2014-2019
      • Table Botswanan Life Insurance - Total Investment Income (BWP Million), 2010-2014
      • Table Botswanan Life Insurance - Total Investment Income (BWP Million), 2014-2019
      • Table Botswanan Life Insurance - Net Written Premium (BWP Million), 2010-2014
      • Table Botswanan Life Insurance - Net Written Premium (BWP Million), 2014-2019
    • Non-Life Insurance
      • Table Botswanan Non-Life Insurance - Gross Written Premium by Category (BWP Million), 2010-2014
      • Table Botswanan Non-Life Insurance - Gross Written Premium by Category (US$ Million), 2010-2014
      • Table Botswanan Non-Life Insurance - Gross Written Premium by Category (BWP Million), 2014-2019
      • Table Botswanan Non-Life Insurance - Gross Written Premium by Category (US$ Million), 2014-2019
      • Table Botswanan Non-Life Insurance - Direct Written Premium by Category (BWP Million), 2010-2014
      • Table Botswanan Non-Life Insurance - Direct Written Premium by Category (US$ Million), 2010-2014
      • Table Botswanan Non-Life Insurance - Direct Written Premium by Category (BWP Million), 2014-2019
      • Table Botswanan Non-Life Insurance - Direct Written Premium by Category (US$ Million), 2014-2019
      • Table Botswanan Non-Life Insurance - Paid Claims (BWP Million), 2010-2014
      • Table Botswanan Non-Life Insurance - Paid Claims(BWP Million), 2014-2019
      • Table Botswanan Non-Life Insurance - Incurred Loss (BWP Million), 2010-2014
      • Table Botswanan Non-Life Insurance - Incurred Loss (BWP Million), 2014-2019
      • Table Botswanan Non-Life Insurance - Loss Ratio (%), 2010-2014
      • Table Botswanan Non-Life Insurance - Loss Ratio (%), 2014-2019
      • Table Botswanan Non-Life Insurance - Combined Ratio (%), 2010-2014
      • Table Botswanan Non-Life Insurance - Combined Ratio (%), 2014-2019
      • Table Botswanan Non-Life Insurance - Total Assets (BWP Million), 2010-2014
      • Table Botswanan Non-Life Insurance - Total Assets (BWP Million), 2014-2019
      • Table Botswanan Non-Life Insurance - Total Investment Income (BWP Million), 2010-2014
      • Table Botswanan Non-Life Insurance - Total Investment Income (BWP Million), 2014-2019
      • Table Botswanan Non-Life Insurance - Net Written Premium (BWP Million), 2010-2014
      • Table Botswanan Non-Life Insurance - Net Written Premium (BWP Million), 2014-2019
      • Property insurance
        • Table Botswanan Property Insurance - Gross Written Premium (BWP Million), 2010-2014
        • Table Botswanan Property Insurance - Gross Written Premium (BWP Million), 2014-2019
      • Motor insurance
        • Table Botswanan Motor Insurance - Gross Written Premium (BWP Million), 2010-2014
        • Table Botswanan Motor Insurance - Gross Written Premium (BWP Million), 2014-2019
      • Liability insurance
        • Table Botswanan Liability Insurance - Gross Written Premium (BWP Million), 2010-2014
        • Table Botswanan Liability Insurance - Gross Written Premium (BWP Million), 2014-2019
      • Marine, aviation and transit insurance
        • Table Botswanan Marine, Aviation and Transit Insurance - Gross Written Premium (BWP Million), 2010-2014
        • Table Botswanan Marine, Aviation and Transit Insurance - Gross Written Premium (BWP Million), 2014-2019
    • Personal Accident and Health Insurance
      • Table Botswanan Personal Accident and Health Insurance - Gross Written Premium (BWP Million), 2010-2014
      • Table Botswanan Personal Accident and Health Insurance - Gross Written Premium (BWP Million, 2014-2019
      • Table Botswanan Personal Accident and Health Insurance - Paid Claims (BWP Million), 2010-2014
      • Table Botswanan Personal Accident and Health Insurance - Paid Claims (BWP Million), 2014-2019
      • Table Botswanan Personal Accident and Health Insurance - Incurred Loss (BWP Million), 2010-2014
      • Table Botswanan Personal Accident and Health Insurance - Incurred Loss (BWP Million), 2014-2019
      • Table Botswanan Personal Accident and Health Insurance - Loss Ratio (%), 2010-2014
      • Table Botswanan Personal Accident and Health Insurance - Loss Ratio (%), 2014-2019
      • Table Botswanan Personal Accident and Health Insurance - Combined Ratio (%), 2010-2014
      • Table Botswanan Personal Accident and Health Insurance - Combined Ratio (%), 2014-2019
      • Table Botswanan Personal Accident and Health Insurance - Total Assets (BWP Million), 2010-2014
      • Table Botswanan Personal Accident and Health Insurance - Total Assets (BWP Million), 2014-2019
      • Table Botswanan Personal Accident and Health Insurance - Total Investment Income (BWP Million), 2010-2014
      • Table Botswanan Personal Accident and Health Insurance - Total Investment Income (BWP Million), 2014-2019
      • Table Botswanan Personal Accident and Health Insurance - Net Written Premium (BWP Million), 2010-2014
      • Table Botswanan Personal Accident and Health Insurance - Net Written Premium (BWP Million), 2014-2019
    • Reinsurance
      • Table Botswanan Reinsurance Accepted - By Category (BWP Million and US$ Million), 2010-2014
      • Table Botswanan Reinsurance Accepted - By Category (BWP Million), 2014-2019
      • Table Botswanan Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (BWP Million), 2010-2014
      • Table Botswanan Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (US$ Million), 2010-2014
      • Table Botswanan Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (BWP Million), 2014-2019
      • Table Botswanan Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (US$ Million), 2014-2019
      • Table Botswanan Life Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2010-2014
      • Table Botswanan Life Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2014-2019
      • Table Botswanan Non-Life Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2010-2014
      • Table Botswanan Non-Life Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2014-2019
      • Table Botswanan Personal Accident and Health Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2010-2014
      • Table Botswanan Personal Accident and Health Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2014-2019
  • Distribution Channel Outlook
  • Natural Hazards
    • Table Botswanan Average Annual Loss by Hazard
    • Floods
    • Droughts
    • Exposure
  • Competitive Landscape
    • Overview
      • Table Botswanan Insurance Industry - Market Share, 2013
      • Table Botswanan Life Insurance Segment - Market Share, 2013
      • Table Botswanan General Insurance Segment - Market Share, 2013
    • Leading Companies
      • Botswana Life Insurance Ltd - company overview
        • Table Botswana Life Insurance Ltd, Key Facts
      • Metropolitan Life of Botswana Ltd - company overview
        • Table Metropolitan Life of Botswana Ltd, Key Facts
      • Botswana Insurance Company Ltd - company overview
        • Table Botswana Insurance Company Ltd, Key Facts
      • Zurich Insurance Company Botswana Ltd - company overview
        • Table Zurich Insurance Company Botswana Ltd, Key Facts
      • Regent Insurance (Botswana) (Pty) Ltd - company overview
        • Table Regent Insurance (Botswana) (Pty) Ltd, Key Facts
  • Governance, Risk and Compliance
    • Table Botswana - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulations
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Botswana - Life Insurance Regulatory Framework
      • Property insurance
        • Table Botswana - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Botswana - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Botswana - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Workers' compensation
      • Motor third-party liability insurance
      • Professional indemnity
    • Supervision and Control
      • International Association of Insurance Supervisors (IAIS)
      • Non-Bank Financial Institutions Regulatory Authority
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and penalties
    • Company Registration and Operations
      • Types of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margins
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Botswana - Corporate Tax Rates for the Financial Year 2015
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Definitions and Methodology
    • What is this Report About?
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • Appendix
    • Methodology
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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