Namibia Insurance Report

Published 10 March 2015

  • 83 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Namibia Insurance Report

Table of Contents

BMI Industry View
7
SWOT
9
Insurance
9
Political
11
Economic
12
Business Environment
14
Industry Forecast
15
Total Premiums Forecast
15
Total Premiums
15
Table: Total Gross Premiums Written (Namibia 2011-2018)
15
Total Claims And Assets
16
Table: Total Insurance Claims (Namibia 2008-2013)
16
Table: Total Insurance Assets (Namibia 2007-2013)
17
Life Premiums Forecast
17
Total Premiums
18
Table: Gross Life Premiums Written (Namibia 2011-2018)
18
Key Drivers
19
Table: Insurance Key Drivers, Private Health Expenditure (Namibia 2011-2018)
20
Table: Insurance Key Drivers, Disease Adjusted Life Years (Namibia 2011-2018)
20
Life Claims And Assets
22
Table: Life Insurance Claims (Namibia 2006-2013)
23
Table: Assets (Namibia 2006-2013)
23
Non-Life Premiums Forecast
24
Total Non-Life Premiums
25
Table: Gross Non-Life Premiums Written (Namibia 2011-2018)
25
Table: Net Non-Life Premiums Written (Namibia 2011-2018)
26
Non-Life Reinsurance
26
Table: Reinsurance Non-Life Premiums Written (Namibia 2011-2018)
27
Non-Life Claims And Assets
27
Table: Assets (Namibia 2007-2013)
28
Non-Life Sub-Sector Forecast
29
Table: Non-Life % Breakdown (Namibia 2011-2018)
29
Motor Vehicle And Transport Insurance
30
Table: Motor Vehicle Insurance (Namibia 2011-2018)
31
Table: Insurance Key Drivers, Autos (Namibia 2011-2018)
32
Table: Transport Insurance (Namibia 2011-2018)
32
Personal Accident Insurance
32
Table: Personal Accident Insurance (Namibia 2011-2018)
33
Property Insurance
33
Table: Property Insurance (Namibia 2011-2018)
33
Credit/Financial Guarantee Insurance
34
Table: Credit/Financial Guarantee Insurance (Namibia 2011-2018)
34
Industry Risk Reward Ratings
35
Sub-Saharan Africa Risk/Reward Ratings
35
Table: Sub-Saharan Africa Insurance Risk/Reward Ratings Q4 2014
36
Market Overview
38
Life Market Overview
38
Non-Life Market Overview
41
Company Profile
45
Hollard
45
Liberty Holdings
48
MMI Holdings
52
Old Mutual
56
Sanlam Group
60
Trustco
64
Demographic Forecast
67
Table: Namibia's Population By Age Group, 1990-2020 ('000)
68
Table: Namibia's Population By Age Group, 1990-2020 (% of total)
69
Table: Namibia's Key Population Ratios, 1990-2020
70
Table: Namibia's Rural And Urban Population, 1990-2020
70
Methodology
71
Industry Forecast Methodology
71
Risk/Reward Rating Methodology
74
Table: Indicators
76
Table: Weighting of Indicators
77

The Namibia Insurance Report has been researched at source and features BMI Research's independent assessment and forecasts for the insurance sector. It examines industry developments, key growth drivers and risk management projections, including the macroeconomic situation, government policy, regulatory environment and the level of development and potential for growth, broken down by line. Leading insurers are profiled, covering premiums, products and services and competitive positioning.

BMI's Namibia Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Namibian insurance industry.

Key Benefits

  • Benchmark BMI's independent insurance industry forecasts for Namibia to test other views - a key input for successful budgeting and strategic business planning in Namibia's insurance market.
  • Target business opportunities and risks in Namibia through our reviews of latest industry trends, regulatory changes and major deals, investments and macroeconomic developments.
  • Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts and views, covering the Life and Non-Life segments, the evolving competitive landscape and business operational risks.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the insurance sector and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (2005-2014) and forecasts to end-2019 for key industry indicators, supported by explicit assumptions, plus analysis of key risks to the main forecasts. Indicators include:

  • Life/non-life Premiums: Total premium growth (USDmn), premium growth (% y-o-y), penetration (% of GDP), density (USD per capita) for Life and Non-Life sectors, claims reinsurance, and assets and liabilities.
  • Non-life subsectors: Data on gross written premiums for all major Non-Life segments (motor, transport, property, personal accident, health, general liability and credit financial).

BMI’s Insurance Risk Reward Index

BMI’s Risk Reward Indices provide investors (Life and Non-Life) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide an indices of highest to lowest appeal to investors, with each position explained.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Growth Drivers & Risk Management Projections

Key data and forecasts to end-2019 focusing on the growth drivers and downside risks to specific insurance lines including:

  • Population: Male/female, by age group, active/pensionable/youth population % of total, urban/rural population % of total.
  • Freight: Tonnage – air freight, rail freight, road freight, inland waterway.
  • Motor: Fleet size by type of vehicle % change y-o-y.
  • Epidemiology: Disease Adjusted Life Years and private health expenditure.

Market Overview & Rankings

Illustration of the insurance industry via rankings tables comparing gross written premiums by company (USDmn) and market share (%) for the top 20 players in both Life and Non-Life. This chapter also includes in-depth regional analysis of the market position, business strategies and investment potential of the leading insurance companies.

Sources

The insurance Reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc