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

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

Synopsis

Timetric’s 'The Insurance Industry in Namibia, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Namibian 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 (2010–2014) and forecast period (2014–2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Namibian 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 Namibia, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Namibian insurance industry, including:

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

This report provides a comprehensive analysis of the insurance industry in Namibia:
  • It provides historical values for the Namibian 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 Namibian 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 Namibia.
  • It profiles the top insurance companies in Namibia 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 Namibian insurance industry and each segment and category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Namibian insurance industry.
  • Assess the competitive dynamics in the Namibian insurance industry.
  • Identify the growth opportunities and market dynamics in key segments.
  • Gain insights into key regulations governing the Namibian insurance industry and their impact on companies and the industry's future.
Key Highlights
  • The Namibian insurance industry grew at a review-period CAGR of 13.6%.
  • The life insurance segment accounted for 55.4% of the industry's gross written premium in 2014.
  • The non-life segment accounted for 24.9% of the industry's gross written premium in 2014.
  • The Namibian insurance industry had 16 life and 12 non-life insurers in 2014.
  • The reinsurance segment had one state-owned reinsurer – Namibian National Reinsurance Corporation Ltd – and several foreign insurers.


  • Key Facts and Highlights
    • Table Namibian Insurance Industry - Key Facts
  • Executive Summary
  • Economy and Demographics
  • Namibian Insurance Industry Overview
    • Table Namibian Life and Non-life Insurance Categories, 2014
  • Industry Segmentation
    • Life Insurance
      • Table Namibian Life Insurance - Gross Written Premium (NAD Billion), 2010-2014
      • Table Namibian Life Insurance - Gross Written Premium (NAD Billion), 2014-2019
      • Table Namibian Life Insurance - Paid Claims (NAD Billion), 2010-2014
      • Table Namibian Life Insurance - Paid Claims (NAD Billion), 2014-2019
      • Table Namibian Life Insurance - Net Written Premium as a Percentage of GWP (%), 2010-2014
      • Table Namibian Life Insurance - Net Written Premium as a Percentage of GWP (%), 2014-2019
      • Table Namibian Life Insurance - Total Assets (NAD Billion), 2010-2014
      • Table Namibian Life Insurance - Total Assets (NAD Billion), 2014-2019
      • Table Namibian Life Insurance - Total Investment Income (NAD Billion), 2010-2014
      • Table Namibian Life Insurance - Total Investment Income (NAD Billion), 2014-2019
      • Table Namibian Life Insurance - Net Written Premium (NAD Billion), 2010-2014
      • Table Namibian Life Insurance - Net Written Premium (NAD Billion), 2014-2019
    • Non-Life Insurance
      • Table Namibian Non-Life Insurance - Gross Written Premium (NAD Billion), 2010-2014
      • Table Namibian Non-Life Insurance - Gross Written Premium (NAD Billion), 2014-2019
      • Table Namibian Non-Life Insurance - Paid Claims (NAD Billion), 2010-2014
      • Table Namibian Non-Life Insurance - Paid Claims (NAD Billion), 2014-2019
      • Table Namibian Non-Life Insurance - Incurred Loss (NAD Billion), 2010-2014
      • Table Namibian Non-Life Insurance - Incurred Loss (NAD Billion), 2014-2019
      • Table Namibian Non-Life Insurance - Loss Ratio (%), 2010-2014
      • Table Namibian Non-Life Insurance - Loss Ratio (%), 2014-2019
      • Table Namibian Non-Life Insurance - Combined Ratio (%), 2010-2014
      • Table Namibian Non-Life Insurance - Combined Ratio (%), 2014-2019
      • Table Namibian Non-Life Insurance - Total Assets (NAD Billion), 2010-2014
      • Table Namibian Non-Life Insurance - Total Assets (NAD Billion), 2014-2019
      • Table Namibian Non-Life Insurance - Total Investment Income (NAD Million), 2010-2014
      • Table Namibian Non-Life Insurance - Total Investment Income (NAD Million), 2014-2019
      • Table Namibian Non-Life Insurance - Net Written Premium (NAD Billion), 2010-2014
      • Table Namibian Non-Life Insurance - Net Written Premium (NAD Billion), 2014-2019
    • Personal Accident and Health Insurance
      • Table Namibian Personal Accident and Health Insurance - Gross Written Premium (NAD Billion), 2010-2014
      • Table Namibian Personal accident and health Insurance - Gross Written Premium (NAD Billion), 2014-2019
      • Table Namibian Personal Accident and Health Insurance - Incurred Loss (NAD Billion), 2010-2014
      • Table Namibian Personal Accident and Health Insurance - Incurred Loss (NAD Billion), 2014-2019
      • Table Namibian Personal Accident and Health Insurance - Loss Ratio (%), 2010-2014
      • Table Namibian Personal Accident and Health Insurance - Loss Ratio (%), 2014-2019
      • Table Namibian Personal Accident and Health Insurance - Combined Ratio (%), 2010-2014
      • Table Namibian Personal Accident and Health Insurance - Combined Ratio (%), 2014-2019
      • Table Namibian Personal Accident and Health Insurance - Total Assets (NAD Billion), 2010-2014
      • Table Namibian Personal Accident and Health Insurance - Total Assets (NAD Billion), 2014-2019
      • Table Namibian Personal Accident and Health Insurance - Total Investment Income (NAD Million), 2010-2014
      • Table Namibian Personal Accident and Health Insurance - Total Investment Income (NAD Million), 2014-2019
      • Table Namibian Personal Accident and Health Insurance - Net Written Premium (NAD Billion), 2010-2014
      • Table Namibian Personal Accident and Health Insurance - Net Written Premium (NAD Billion), 2014-2019
    • Reinsurance
      • Table Namibian Reinsurance Accepted - By Category (NAD Million), 2010-2014
      • Table Namibian Reinsurance Accepted - By Category (US$ Million), 2010-2014
      • Table Namibian Reinsurance Accepted - By Category (NAD Billion), 2014-2019
      • Table Namibian Reinsurance Accepted - By Category (US$ Million), 2014-2019
      • Table Namibian Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (NAD Million), 2010-2014
      • Table Namibian Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (US$ Million), 2010-2014
      • Table Namibian Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (NAD Million), 2014-2019
      • Table Namibian Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (US$ Million), 2014-2019
      • Table Namibian Life Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2010-2014
      • Table Namibian Life Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2014-2019
      • Table Namibian Non-Life Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2010-2014
      • Table Namibian Non-Life Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2014-2019
      • Table Namibian Personal Accident and Health Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2010-2014
      • Table Namibian Personal Accident and Health Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2014-2019
  • Natural Hazards
    • Table Namibian Economic Loss by Hazard, 1990-2014
    • Table Namibian Average Annual Loss by Hazard, 1990-2014
    • Droughts
    • Floods
    • Exposure
  • Competitive Landscape
    • Overview
      • Table Namibian Life Insurance - Industry Participants and Annual Movement (2013-2014)
      • Table Namibian Non-Life Insurance - Industry Participants and Annual Movement (2013-2014)
      • Table Namibian Life and Non-Life Insurance Companies, 2014
    • Leading Companies
      • Metropolitan Swabou Life (Namibia) Ltd - company overview
        • Table Metropolitan Swabou Life (Namibia) Ltd - Key Facts
      • Sanlam Namibia Ltd - company overview
        • Table Sanlam Namibia Ltd - Key Facts
      • Old Mutual Life Assurance Company (Namibia) Ltd - company overview
        • Table Old Mutual Life Assurance Company (Namibia) Ltd - Key Facts
      • Trustco Group Holdings Ltd - company overview
        • Table Trustco Group Holdings Ltd - Key Facts
      • Namibian National Reinsurance Corporation Ltd - company overview
        • Table Namibian National Reinsurance Corporation Ltd - Key Facts
  • 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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