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The Insurance Industry in Mali, Key Trends and Opportunities to 2021

The Insurance Industry in Mali, Key Trends and Opportunities to 2021

Synopsis

Timetric’s 'The Insurance Industry in Mali, Key Trends and Opportunities to 2021' report provides detailed analysis of the market trends, drivers and challenges in the Malian 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 period (2012–2016) and forecast period (2016–2021).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Malian economy and demographics, and provides 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 the regulatory structure.

Summary

Timetric’s 'The Insurance Industry in Mali, Key Trends and Opportunities to 2021' report provides in-depth market analysis, information and insights into the Malian insurance industry, including:

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

This report provides a comprehensive analysis of the insurance industry in Mali:
  • It provides historical values for the Malian insurance industry for the report’s 2012–2016 review period, and projected figures for the 2016–2021 forecast period.
  • It offers a detailed analysis of the key segments in the Malian insurance industry, along with market forecasts until 2021.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets and total investment income.
  • It analyzes the various distribution channels in Mali.
  • It profiles the top insurance companies in Mali 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 Malian insurance industry and each segment and category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Malian insurance industry.
  • Assess the competitive dynamics in the Malian insurance industry.
  • Identify the growth opportunities and market dynamics in key segments.
  • Gain insights into key regulations governing the Malian insurance industry and their impact on companies and the industry's future.
Key Highlights
  • On July 17, 2017, the World Bank approved the Rural Mobility and Connectivity Project. The aim of the project is to strengthen the country’s infrastructure. It granted XOF4.1 billion (US$70.0 million) for the Rural Mobility and Connectivity Project, which focuses on enhancing the transportation facilities of farming communities to market areas and regions of basic services.
  • In May 2016, the Commission Regional des Assurances (CRCA) which is the regional insurance regulatory authority for all the Conférence Interafricaine des Marchés d'Assurances (CIMA) member states, issued a draft regulation aimed at introducing regulatory framework on electronic insurance – the distribution of insurance products through electronic channels such as mobile phones and the internet. The proposed regulations are expected to develop and promote the e-distribution of insurance products.
  • On April 8 2016, new guidelines for the calculation of solvency margins for life and supplementary health insurance were introduced through Regulation No. 001/CIMA/PCMA/CE/2016, which amended Article 337-3 of the Chartered Institute of Management Accountants Code.
  • In October 2015, Orange entered into a partnership with Mali NSIA, a microinsurance company, to introduce a savings product called Sini Tonon. It is associated with a mobile wallet which allows clients to make small contributions towards their savings on the Orange Money platform. This product was launched with the aim of addressing the need for covering women’s medical issues.


  • Key Facts and Highlights
    • Table Malian Insurance Industry – Key Facts, 2016
    • Table Malian Insurance – Leading Insurers, 2015
  • Executive Summary
  • Economy and Demographics
  • Industry Outlook
    • Regional Comparison
    • Industry Indicators
      • Gross written premium
        • Table Malian Insurance Industry – Gross Written Premium by Segment (XOF Billion), 2012– 2016
        • Table Malian Insurance Industry – Gross Written Premium by Segment (XOF Billion), 2016– 2021
        • Table Malian Insurance Industry – Density (Direct Written Premium Per Capita) by Segment (XOF), 2012–2016
        • Table Malian Insurance Industry – Density (Direct Written Premium Per Capita) by Segment (XOF), 2016–2021
      • Claims
        • Table Malian Insurance Industry – Paid Claims by Segment (XOF Billion), 2012–2016
        • Table Malian Insurance Industry – Paid Claims by Segment (XOF Billion), 2016–2021
      • Assets and investments
        • Table Malian Insurance Industry – Total Investment Income by Segment (XOF Million), 2012–2016
        • Table Malian Insurance Industry – Total Investment Income by Segment (XOF Million), 2016–2021
        • Table Malian Insurance Industry – Life Insurance Investment Portfolio (XOF Billion), 2012–2016
        • Table Malian Insurance Industry – Life Insurance Investment Portfolio (XOF Billion), 2016–2021
        • Table Malian Insurance Industry – Non-Life Insurance Investment Portfolio (XOF Billion), 2012–2016
        • Table Malian Insurance Industry – Non-Life Insurance Investment Portfolio (XOF Billion), 2016–2021
        • Table Malian Insurance Industry – Personal Accident and Health Insurance Investment Portfolio (XOF Million), 2012–2016
        • Table Malian Insurance Industry – Personal Accident and Health Insurance Investment Portfolio (XOF Million), 2016–2021
  • Life Insurance Outlook
    • Individual Life Insurance
      • Direct written premium
        • Table Malian Individual Life Insurance – Direct Written Premium (XOF Billion and US$ Million), 2012–2016
        • Table Malian Individual Life Insurance – Direct Written Premium (XOF Billion and US$ Million), 2016–2021
      • Penetration
    • Group Life Insurance
      • Direct written premium
        • Table Malian Group Life Insurance – Direct Written Premium (XOF Billion and US$ Million), 2012–2016
        • Table Malian Group Life Insurance – Direct Written Premium (XOF Billion and US$ Million), 2016–2021
      • Penetration
  • Non-Life Insurance Outlook
    • Property Insurance
      • Direct written premium
        • Table Malian Property Insurance – Direct Written Premium (XOF Billion and US$ Million), 2012–2016
        • Table Malian Property Insurance –Direct Written Premium (XOF Billion and US$ Million), 2016–2021
      • Penetration
      • Profitability
        • Table Malian Property Insurance – Loss Ratio (%), 2012–2016
        • Table Malian Property Insurance – Loss Ratio (%), 2016–2021
    • Motor Insurance
      • Direct written premium
        • Table Malian Motor Insurance – Direct Written Premium (XOF Billion and US$ Million), 2012–2016
        • Table Malian Motor Insurance – Direct Written Premium (XOF Billion and US$ Million), 2016–2021
      • Penetration
      • Profitability
        • Table Malian Motor Insurance – Loss Ratio (%), 2012–2016
        • Table Malian Motor Insurance – Loss Ratio (%), 2016–2021
    • Liability Insurance
      • Direct written premium
        • Table Malian Liability Insurance – Direct Written Premium (XOF Billion and US$ Million), 2012–2016
        • Table Malian Liability Insurance – Direct Written Premium (XOF Billion and US$ Million), 2016–2021
      • Penetration
      • Profitability
        • Table Malian Liability Insurance – Loss Ratio (%), 2012–2016
        • Table Malian Liability Insurance – Loss Ratio (%), 2016–2021
    • Marine, Aviation and Transit Insurance
      • Direct written premium
        • Table Malian Marine, Aviation and Transit Insurance – Direct Written Premium (XOF Billion and US$ Million), 2012–2016
        • Table Malian Marine, Aviation and Transit Insurance – Direct Written Premium (XOF Billion and US$ Million), 2016–2021
      • Penetration
      • Profitability
        • Table Malian Marine, Aviation and Transit Insurance – Loss Ratio (%), 2012–2016
        • Table Malian Marine, Aviation and Transit Insurance – Loss Ratio (%), 2016–2021
  • Personal Accident and Health Insurance Outlook
    • Personal Accident and Health Insurance
      • Gross written premium
        • Table Malian Personal Accident and Health Insurance – Gross Written Premium (XOF Billion and US$ Million), 2012–2016
        • Table Malian Personal Accident and Health Insurance – Gross Written Premium (XOF Billion and US$ Million), 2016–2021
      • Penetration
      • Claims
        • Table Malian Personal Accident and Health Insurance – Paid Claims (XOF Billion and US$ Million), 2012–2016
        • Table Malian Personal Accident and Health Insurance – Paid Claims (XOF Billion and US$ Million), 2016–2021
      • Profitability
        • Table Malian Personal Accident and Health Insurance – Loss Ratio (%), 2012–2016
        • Table Malian Personal Accident and Health Insurance – Loss Ratio (%), 2016–2021
  • Reinsurance Outlook
    • Reinsurance Accepted
      • Table Malian Reinsurance – Premium Accepted by Category (XOF Million), 2012–2016
      • Table Malian Reinsurance – Premium Accepted by Category (XOF Million), 2016–2021
    • Premium Ceded
      • Table Malian Reinsurance – Premium Ceded by Insurance Segment (XOF Billion), 2012– 2016
      • Table Malian Reinsurance – Premium Ceded by Insurance Segment (XOF Billion), 2016– 2021
  • Distribution Channel Outlook
  • Natural and Man-Made Hazards
    • Flooding
    • Droughts
    • Epidemics
    • Harmattan Winds
    • Man-Made Disasters
    • Exposure
  • Competitive Landscape
    • Table Malian Insurance Industry – Market Shares of Leading Non-Life Insurers (%), 2015
    • Table Malian Insurance Industry – Market Shares of Leading Life Insurers (%), 2015
    • Company Profiles
      • Saham Assurances – company overview
        • Table Saham Assurances – Key Facts
      • Assurances Lafia SA – company overview
        • Table Assurances Lafia SA – Key Facts
      • Allianz Mali Assurances – company overview
        • Table Allianz Mali Assurances – Key Facts
      • Societe Nouvelle d'Assurance Vie – company overview
        • Table Societe Nouvelle d'Assurance Vie – Key Facts
  • Governance, Risk and Compliance
    • Table Mali– Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Mali– Life Insurance Regulatory Framework
      • Property insurance
        • Table Mali– Property Insurance Regulatory Framework
      • Motor insurance
        • Table Mali Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Mali– Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
      • Professional indemnity insurance for insurance intermediaries
      • Worker's compensation
    • Supervision and Control
      • International Association of Insurance Supervisors
      • Commission Regional des Assurances
      • Direction Nationale du Trésor et de la Comptabilité Publique
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
        • Table Mali – Insurance Premium Tax Rates
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Mali– Corporate Tax Rates for the Financial Year 2017
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Life Insurance
      • Policies and premium
        • Table Malian Life Insurance – Policies and Premium, 2012–2016
        • Table Malian Life Insurance – Policies and Premium, 2016–2021
      • Claims and expenses
        • Table Malian Life Insurance – Claims and Expenses, 2012–2016
        • Table Malian Life Insurance – Claims and Expenses, 2016–2021
      • Assets and investments
        • Table Malian Life Insurance – Assets and Investments, 2012–2016
        • Table Malian Life Insurance – Assets and Investments, 2016–2021
      • Individual life insurance
        • Table Malian Life Insurance – Individual Life Insurance, 2012–2016
        • Table Malian Life Insurance – Individual Life Insurance, 2016–2021
      • Individual life insurance by category
        • Table Malian Life Insurance – Individual Life Insurance by Category, 2012–2016
        • Table Malian Life Insurance – Individual Life Insurance by Category, 2016–2021
      • Group life insurance
        • Table Malian Life Insurance – Group Life Insurance, 2012–2016
        • Table Malian Life Insurance – Group Life Insurance, 2016–2021
    • Non-Life Insurance
      • Policies and premium
        • Table Malian Non-Life Insurance – Policies and Premium, 2012–2016
        • Table Malian Non-Life Insurance – Policies and Premium, 2016–2021
      • Claims and expenses
        • Table Malian Non-Life Insurance – Claims and Expenses, 2012–2016
        • Table Malian Non-Life Insurance – Claims and Expenses, 2016–2021
      • Assets and investments
        • Table Malian Non-Life Insurance – Assets and Investments, 2012–2016
        • Table Malian Non-Life Insurance – Assets and Investments, 2016–2021
      • Property insurance
        • Table Malian Non-Life Insurance – Property Insurance, 2012–2016
        • Table Malian Non-Life Insurance – Property Insurance, 2016–2021
      • Property insurance by category
        • Table Malian Non-Life Insurance – Property Insurance by Category, 2012–2016
        • Table Malian Non-Life Insurance – Property Insurance by Category, 2016–2021
      • Motor insurance
        • Table Malian Non-Life Insurance – Motor Insurance, 2012–2016
        • Table Malian Non-Life Insurance – Motor Insurance, 2016–2021
      • Motor insurance by category
        • Table Malian Non-Life Insurance – Motor Insurance by Category, 2012–2016
        • Table Malian Non-Life Insurance – Motor Insurance by Category, 2016–2021
      • Liability insurance
        • Table Malian Non-Life Insurance – Liability Insurance, 2012–2016
        • Table Malian Non-Life Insurance – Liability Insurance, 2016–2021
      • Marine, aviation and transit insurance
        • Table Malian Non-Life Insurance – Marine, Aviation and Transit Insurance, 2012–2016
        • Table Malian Non-Life Insurance – Marine, Aviation and Transit Insurance, 2016–2021
    • Personal Accident and Health Insurance
      • Policies and premium
        • Table Malian Personal Accident and Health Insurance – Policies and Premium, 2012–2016
        • Table Malian Personal Accident and Health Insurance – Policies and Premium, 2016–2021
      • Claims and expenses
        • Table Malian Personal Accident and Health Insurance – Claims and Expenses, 2012–2016
        • Table Malian Personal Accident and Health Insurance – Claims and Expenses, 2016–2021
      • Assets and investments
        • Table Malian Personal Accident and Health Insurance – Assets and Investments, 2012– 2016
        • Table Malian Personal Accident and Health Insurance – Assets and Investments, 2016– 2021
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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