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The Insurance Industry in Mauritius, Key Trends and Opportunities to 2020

The Insurance Industry in Mauritius, Key Trends and Opportunities to 2020

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 Mauritian economy and demographics, and provides detailed information on the competitive landscape in the country. It also includes analysis of the impact of natural hazards on the insurance industry.

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 Mauritius, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Mauritian insurance industry, including:

  • An overview of the Mauritian insurance industry
  • The Mauritian insurance industry's growth prospects by segment and category
  • A comprehensive overview of the Mauritian economy and demographics
  • The detailed competitive landscape in the Mauritian insurance industry
  • Details of regulatory policy applicable to the Mauritian insurance industry
  • Analysis of natural hazards in the Mauritian insurance industry
Scope

This report provides a comprehensive analysis of the insurance industry in Mauritius:
  • It provides historical values for the Mauritian insurance industry for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key segments in the Mauritian insurance industry, with market forecasts to 2020.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.
  • It profiles the top insurance companies in Mauritius, and highlights recent developments.
  • It covers the economy and demographic structure of Mauritius.
  • It analyzes the impact of natural hazards in the Mauritian insurance industry.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Mauritian insurance industry and each segment and category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Mauritian insurance industry.
  • Assess the competitive dynamics in the Mauritian insurance industry.
  • Identify growth opportunities and market dynamics in key segments.
  • Gain insights into key regulations governing the Mauritian insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • The Financial Services Commission (FSC) introduced Act No. 32 of 2015 to regulate captive insurance effective from January, 29, 2016.
  • In 2014, the Financial Services Commission (FSC) Mauritius issued licenses to two new general insurers: Quantum II and Swan Speciality Risk.
  • The Mauritian non-life segment accounted for 33.3% of the industry‘s gross written premium.
  • Motor-third party liability, craft third-party liability, and workmen’s compensation insurance are mandatory.


  • Key Facts and Highlights
    • Table Mauritian Insurance Industry - Key Facts, 2015
    • Table Mauritian Insurance Industry - Leading Insurers, 2015
  • Executive Summary
  • Economy and Demography
    • Table Mauritian Government Credit Ratings
  • Industry Outlook
    • Regional Comparison
    • Industry Indicators
      • Gross written premium
        • Table Mauritian Insurance Industry - Gross Written Premium by Segment (MUR Billion), 2011-2015
        • Table Mauritian Insurance Industry - Gross Written Premium by Segment (MUR Billion), 2015-2020
        • Table Mauritian Insurance Industry - Density (Direct Written Premium Per Capita) by Segment (MUR), 2011-2015
        • Table Mauritian Insurance Industry - Density (Direct Written Premium Per Capita) by Segment (MUR), 2015-2020
      • Policies sold
        • Table Mauritian Insurance Industry - Number of Policies Sold by Segment (Thousand), 2011-2015
        • Table Mauritian Insurance Industry - Number of Policies Sold by Segment (Thousand), 2015-2020
      • Claims
        • Table Mauritian Insurance Industry - Paid Claims by Segment (MUR Billion), 2011-2015
        • Table Mauritian Insurance Industry - Paid Claims by Segment (MUR Billion), 2015-2020
      • Assets and investments
        • Table Mauritian Insurance Industry - Total Assets by Segment (MUR Billion), 2011-2015
        • Table Mauritian Insurance Industry - Total Assets by Segment (MUR Billion), 2015-2020
        • Table Mauritian Insurance Industry - Total Investment Income by Segment (MUR Billion), 2011-2015
        • Table Mauritian Insurance Industry - Total Investment Income by Segment (MUR Billion), 2015-2020
        • Table Mauritian Insurance Industry - Life Insurance Investment Portfolio (MUR Billion), 2011-2015
        • Table Mauritian Insurance Industry - Life Insurance Investment Portfolio (MUR Billion), 2015-2020
        • Table Mauritian Insurance Industry - Non-Life Insurance Investment Portfolio (MUR Billion), 2011-2015
        • Table Mauritian Insurance Industry - Non-Life Insurance Investment Portfolio (MUR Billion), 2015-2020
        • Table Mauritian Insurance Industry - Personal Accident and Health Insurance Investment Portfolio (MUR Million), 2011-2015
        • Table Mauritian Insurance Industry - Personal Accident and Health Insurance Investment Portfolio (MUR Million), 2015-2020
  • Life Insurance Outlook
    • Individual Life Insurance
      • Gross written premium
        • Table Mauritian Individual Life Insurance - Gross Written Premium (MUR Billion and US$ Million), 2011-2015
        • Table Mauritian Individual Life Insurance - Gross Written Premium (MUR Billion and US$ Million), 2015-2020
    • Group Life Insurance
      • Gross written premium
        • Table Mauritian Group Life Insurance - Gross Written Premium (MUR Billion and US$ Million), 2011-2015
        • Table Mauritian Group Life Insurance - Gross Written Premium (MUR Billion and US$ Million), 2015-2020
  • Non-Life Insurance Outlook
    • Property Insurance
      • Gross written premium
        • Table Mauritian Property Insurance - Gross Written Premium (MUR Billion and US$ Million), 2011-2015
        • Table Mauritian Property Insurance - Gross Written Premium (MUR Billion and US$ Million), 2015-2020
      • Policies sold
        • Table Mauritian Property Insurance - Number of Active Policies (Thousand), 2011-2015
        • Table Mauritian Property Insurance - Number of Active Policies (Thousand), 2015-2020
      • Claims
        • Table Mauritian Property Insurance - Paid Claims (MUR Million and US$ Million), 2011-2015
        • Table Mauritian Property Insurance - Paid Claims (MUR Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Mauritian Property Insurance - Loss Ratio (%), 2011-2015
        • Table Mauritian Property Insurance - Loss Ratio (%), 2015-2020
    • Motor Insurance
      • Gross written premium
        • Table Mauritian Motor Insurance - Gross Written Premium (MUR Billion and US$ Million), 2011-2015
        • Table Mauritian Motor Insurance - Gross Written Premium (MUR Billion and US$ Million), 2015-2020
      • Policies sold
        • Table Mauritian Motor Insurance - Number of Active Policies (Thousand), 2011-2015
        • Table Mauritian Motor Insurance - Number of Active Policies (Thousand), 2015-2020
      • Claims
        • Table Mauritian Motor Insurance - Paid Claims (MUR Billion and US$ Million), 2011-2015
        • Table Mauritian Motor Insurance - Paid Claims (MUR Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Mauritian Motor Insurance - Loss Ratio (%), 2011-2015
        • Table Mauritian Motor Insurance - Loss Ratio (%), 2015-2020
    • Liability Insurance
      • Gross written premium
        • Table Mauritian Liability Insurance - Gross Written Premium (MUR Million and US$ Million), 2011-2015
        • Table Mauritian Liability Insurance - Gross Written Premium (MUR Million and US$ Million), 2015-2020
      • Policies sold
        • Table Mauritian Liability Insurance - Number of Active Policies (Thousand), 2011-2015
        • Table Mauritian Liability Insurance - Number of Active Policies (Thousand), 2015-2020
      • Claims
        • Table Mauritian Liability Insurance - Paid Claims (MUR Million and US$ Million), 2011-2015
        • Table Mauritian Liability Insurance - Paid Claims (MUR Million and US$ Million), 2015-2020
      • Profitability
        • Table Mauritian Liability Insurance - Loss Ratio (%), 2011-2015
        • Table Mauritian Liability Insurance - Loss Ratio (%), 2015-2020
    • Marine, Aviation and Transit Insurance
      • Gross written premium
        • Table Mauritian Marine, Aviation and Transit Insurance - Gross Written Premium (MUR Million and US$ Million), 2011-2015
        • Table Mauritian Marine, Aviation and Transit Insurance - Gross Written Premium (MUR Million and US$ Million), 2015-2020
      • Policies sold
        • Table Mauritian Marine, Aviation and Transit Insurance - Number of Active Policies (Thousand), 2011-2015
        • Table Mauritian Marine, Aviation and Transit Insurance - Number of Active Policies (Thousand), 2015-2020
      • Claims
        • Table Mauritian Marine, Aviation and Transit Insurance - Paid Claims (MUR Million and US$ Million), 2011-2015
        • Table Mauritian Marine, Aviation and Transit Insurance - Paid Claims (MUR Million and US$ Million), 2015-2020
      • Profitability
        • Table Mauritian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2011-2015
        • Table Mauritian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2015-2020
  • Personal Accident and Health Insurance Outlook
    • Personal Accident Insurance
      • Gross written premium
        • Table Mauritian Personal Accident Insurance - Gross Written Premium (MUR Billion and US$ Million), 2011-2015
        • Table Mauritian Personal Accident Insurance - Gross Written Premium (MUR Billion and US$ Billion), 2015-2020
      • Claims
        • Table Mauritian Personal Accident Insurance - Paid Claims (MUR Million and US$ Million), 2011-2015
        • Table Mauritian Personal Accident Insurance - Paid Claims (MUR Million and US$ Million), 2015-2020
      • Profitability
        • Table Mauritian Personal Accident Insurance - Loss Ratio (%), 2011-2015
        • Table Mauritian Personal Accident Insurance - Loss Ratio (%), 2015-2020
  • Reinsurance Outlook
    • Premium Ceded
      • Table Mauritian Reinsurance - Premium Ceded by Insurance Segment (MUR Billion), 2011-2015
      • Table Mauritian Reinsurance - Premium Ceded by Insurance Segment (MUR Billion), 2015-2020
  • Distribution Channel Outlook
  • Natural Hazards
    • Flooding
    • Exposure
  • Competitive Landscape
    • Table Mauritian Insurance Industry - Segment Shares (%) of Leading Life Insurers, 2015
    • Table Mauritian Insurance Industry - Segment Shares (%) of Leading General Insurers, 2015
    • Company Profiles
      • State Insurance Company of Mauritius Ltd (Sicom) - company overview
        • Table State Insurance Company of Mauritius Ltd (Sicom) - Key Facts
      • Anglo-Mauritius Assurance Society Ltd - company overview
        • Table Anglo-Mauritius Assurance Society Ltd - Key Facts
      • Swan Insurance Company Ltd - company overview
        • Table Swan Insurance Company Ltd - Key Facts
      • Mauritius Union General Insurance - company overview
        • Table Mauritius Union General Insurance - Key Facts
      • Mauritian Eagle Insurance Company Ltd - company overview
        • Table Mauritian Eagle Insurance Company Ltd - Key Facts
  • Governance, Risk and Compliance
    • Table Mauritius - 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 Mauritius - Life Insurance Regulatory Framework
      • Property insurance
        • Table Mauritius - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Mauritius - Motor Insurance Regulatory Framework
        • Table Mauritius - Contribution to Hit and Run Sub-fund
      • Liability insurance
        • Table Mauritius - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third party liability insurance
      • Craft third-party liability insurance
      • Workmen's compensation
      • Marine oil pollution insurance
      • Professional indemnity insurance for brokers
    • Supervision and Control
      • International Association of Insurance Supervisors
      • African Insurance Organization
      • Committee of Insurance, Securities and Non-Banking Financial Authorities
      • Financial Services Commission
    • Non-Admitted Insurance Regulation
      • 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
        • Table Mauritius - Capital Requirement for Captive Insurance Companies
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
        • Table Mauritius - Fee for Carrying on Insurance Business
        • Table Mauritius - Fee for Insurance Intermediaries
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Mauritius - Corporate Tax Rates for the Financial Year 2016
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Databook
    • Life Insurance
      • Policies and premium
        • Table Mauritian Life Insurance - Policies and Premium, 2011-2015
        • Table Mauritian Life Insurance - Policies and Premium, 2015-2020
      • Claims and expenses
        • Table Mauritian Life Insurance - Claims and Expenses, 2011-2015
        • Table Mauritian Life Insurance - Claims and Expenses, 2015-2020
      • Assets and investments
        • Table Mauritian Life Insurance - Assets and Investments, 2011-2015
        • Table Mauritian Life Insurance - Assets and Investments, 2015-2020
      • Individual life insurance
        • Table Mauritian Life Insurance - Individual Life Insurance, 2011-2015
        • Table Mauritian Life Insurance - Individual Life Insurance, 2015-2020
      • Individual life insurance by product
        • Table Mauritian Life Insurance - Individual Life Insurance by Product, 2011-2015
        • Table Mauritian Life Insurance - Individual Life Insurance by Product, 2015-2020
      • Group life insurance
        • Table Mauritian Life Insurance - Group Life Insurance, 2011-2015
        • Table Mauritian Life Insurance - Group Life Insurance, 2015-2020
      • Group life insurance by product
        • Table Mauritian Life Insurance - Group Life Insurance by Product, 2011-2015
        • Table Mauritian Life Insurance - Group Life Insurance by Product, 2015-2020
      • Linked vs non-linked policies
        • Table Mauritian Life Insurance - Linked vs Non-Linked Policies, 2011-2015
        • Table Mauritian Life Insurance - Linked vs Non-Linked Policies, 2015-2020
    • Non-Life Insurance
      • Policies and premium
        • Table Mauritian Non-Life Insurance - Policies and Premium, 2011-2015
        • Table Mauritian Non-Life Insurance - Policies and Premium, 2015-2020
      • Claims and expenses
        • Table Mauritian Non-Life Insurance - Claims and Expenses, 2011-2015
        • Table Mauritian Non-Life Insurance - Claims and Expenses, 2015-2020
      • Assets and investments
        • Table Mauritian Non-Life Insurance - Assets and Investments, 2011-2015
        • Table Mauritian Non-Life Insurance - Assets and Investments, 2015-2020
      • Property insurance
        • Table Mauritian Non-Life Insurance - Property Insurance, 2011-2015
        • Table Mauritian Non-Life Insurance - Property Insurance, 2015-2020
      • Property insurance by product
        • Table Mauritian Non-Life Insurance - Property Insurance by Product, 2011-2015
        • Table Mauritian Non-Life Insurance - Property Insurance by Product, 2015-2020
      • Motor insurance
        • Table Mauritian Non-Life Insurance - Motor Insurance, 2011-2015
        • Table Mauritian Non-Life Insurance - Motor Insurance, 2015-2020
      • Liability insurance
        • Table Mauritian Non-Life Insurance - Liability Insurance, 2011-2015
        • Table Mauritian Non-Life Insurance - Liability Insurance, 2015-2020
      • Marine, aviation and transit insurance
        • Table Mauritian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2011-2015
        • Table Mauritian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2015-2020
    • Personal Accident and Health Insurance
      • Policies and premium
        • Table Mauritian Personal Accident and Health Insurance - Policies and Premium, 2011-2015
        • Table Mauritian Personal Accident and Health Insurance - Policies and Premium, 2015-2020
      • Claims and expenses
        • Table Mauritian Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
        • Table Mauritian Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
      • Assets and investments
        • Table Mauritian Personal Accident and Health Insurance - Assets and Investments, 2011-2015
        • Table Mauritian Personal Accident and Health Insurance - Assets and Investments, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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