"The Insurance Industry in Botswana, Key Trends and Opportunities to 2018" Published
Fast Market Research recommends "The Insurance Industry in Botswana, Key Trends and Opportunities to 2018" from Timetric, now available
[USPRwire, Mon Sep 29 2014] The Botswanan insurance industry is dominated by the life segment, which constituted 70.0% of the total gross written premium. It was followed by the non-life segment with 28.6% and the personal accident and health segment with 1.4% at the end of 2013. Property insurance was the largest category in the non-life segment with 54.5% of its gross written premium, followed by motor insurance with 33.7% and liability, and marine, aviation and transit insurance with 9.0% and 2.9% respectively. Growth in the non-life segment was largely supported by diamond exports.
Report Highlights
* Botswana's diamond exports constituted one-third of government revenues and 80% of earnings from exports in 2013.
* The Botswanan insurance industry is dominated by the life segment, which constituted 70.0% of the total gross written premium. It was followed by the non-life segment with 28.6% and the personal accident and health segment with 1.4% at the end of 2013.
* According to the African Economic Outlook, Botswana was one of the least corrupt countries in Africa in 2013, followed by Namibia and Ghana.
* A major challenge in Botswana is the country's high unemployment rate, which stood at 17% in 2013.
* As of 2012, there were seven life insurers and 12 non-life insurance companies operating in the country.
* The life segment is highly concentrated, with the two leading insurers accounting for 87.9% of the total gross written premium in 2012. The non-life segment is also concentrated, with the top three insurers accounting for 59.2% of the total gross written premium in 2012.
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 2009-2013 review period and forecast figures for the 2013-2018 forecast period.
* It offers a detailed analysis of the key segments and categories in the Botswanan insurance industry, along with forecasts until 2018.
* It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions.
* It profiles the top insurance companies in Botswana, and outlines the key regulations affecting them.
Reasons to Get this Report
* Make strategic business decisions using in-depth historic and forecast industry data related to the Botswanan insurance industry and each segment within it.
* Understand the demand-side dynamics, key trends and growth opportunities within the Botswanan insurance industry.
* Assess the competitive dynamics in the Botswanan insurance industry.
* Identify the growth opportunities and market dynamics within key segments.
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