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The Insurance Industry in Mauritius, Key Trends and Opportunities to 2017 Reportstack Reportstack Contact

Summary ď ś Mauritius is one of the most dynamic and fastest-growing economies in the subSaharan Africa region, and the country’s business environment and investment climate also made it one of the most business-friendly destinations in the region. Mauritius is ranked first in Sub-Sahara and 19th worldwide in terms of ease of doing business, according to the World Bank’s Doing Business 2013 report. It has also emerged as an important platform between Asia, the Middle East and Africa for investment into the African continent. The financial services sector, including the insurance industry, is an important economic pillar of the Mauritian economy. The insurance industry is governed by the Finance Service Commission (FSC) and grew at a stable rate during the 2008-2012 review period, supported by sustained demand for pension, motor and property insurance products. The healthcare category in Mauritius recorded fast growth, mainly driven by rising healthcare expenditure and an aging population.

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Scope 

It provides historical values for Mauritian insurance industry for the report’s 20082012 review period and forecast figures for the 2012-2017 forecast period

It offers a detailed analysis of the key segments and sub-segments in the Mauritian insurance industry, along with forecasts until 2017

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 outlines the key regulations affecting them

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Key Benefits  Make strategic business decisions using in depth historic and forecast industry data related to the Mauritian insurance industry and each segment within it

 Understand the demand-side dynamics, key trends and growth opportunities within the Mauritian insurance industry

 Assess the competitive dynamics in the Mauritian insurance industry  Identify the growth opportunities and market dynamics within key segments  Gain insights into key regulations governing the Mauritian insurance industry and its impact on companies and the industry's future

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Key Highlights 

The Mauritian insurance industry is one of the most developed in the sub-Saharan Africa region and grew at a CAGR of 9.8% during the review period The Mauritian insurance industry was relatively unaffected by global uncertainty caused by the Eurozone debt crisis, and the industry’s total assets grew from MUR95.9 billion (US$3.2 billion) in 2011 to MUR105 billion (US$3.5 billion), registering a growth of 9.5% in 2012 The Mauritian insurance industry is supervised and regulated by the Financial Services Commission (FSC), which is mainly responsible for licensing, regulating, monitoring and supervising activities in the non-banking financial services sector, including the insurance industry The industry is going through a phase of consolidation impacted by new insurance law The Mauritian insurance industry is concentrated, but still highly competitive. The industry comprises 12 general insurers and seven long-term insurance companies

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Companies Mentioned 

BAI Co. State Insurance Company of Mauritius Ltd

Anglo-Mauritius Assurance Society Ltd

La Prudence Mauricienne Assurances

Ltée LIC Cim Life Mauritius

Union General Insurance (MUA)

Swan Group Cim Insurance

Mauritian Eagle Insurance Company Ltd

State Insurance Company of Mauritius

New India Assurance Company

Phoenix Insurance

Sun Insurance Company Ltd

Lamco International Insurance Ltd

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If you are interested... ď Ź

Contact Debora White Reportstack Market Research Email: Ph: +1-888-789-6604

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The insurance industry in mauritius, key trends and opportunities to 2017  

Mauritius is one of the most dynamic and fastest-growing economies in the sub-Saharan Africa region, and the country’s business environment...

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