The Insurance Industry in Mozambique, Key Trends and Opportunities to 2020
Region:Africa
Product Code:IS1381MR
January 2017
112
About the Report
Timetric's 'The Insurance Industry in Mozambique, Key Trends and Opportunities to 2020' report provides a detailed analysis of the Mozambican 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 Mozambican 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 Mozambique, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Mozambican insurance industry, including:
An overview of the Mozambican insurance industry
The Mozambican insurance industry's growth prospects by segment and category
A comprehensive overview of the Mozambican economy and demographics
The detailed competitive landscape in the Mozambican insurance industry
Details of regulatory policy applicable to the Mozambican insurance industry
Analysis of natural hazards in the Mozambican insurance industry
Scope
This report provides a comprehensive analysis of the insurance industry in Mozambique:
It provides historical values for the Mozambican 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 Mozambican 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 Mozambique, and highlights recent developments.
It covers the economic and demographic structure of Mozambique.
It analyzes the impact of natural hazards in the Mozambican insurance industry.
Reasons to Buy
Make strategic business decisions using in-depth historic and forecast market data related to the Mozambican insurance industry, and each segment and category within it.
Understand the demand-side dynamics, key market trends and growth opportunities in the Mozambican insurance industry.
Assess the competitive dynamics in the Mozambican insurance industry.
Identify growth opportunities and market dynamics in key segments.
Gain insights into key regulations governing the Mozambican insurance industry, and their impact on companies and the industry's future.
Key Highlights
According to the Finscope Consumer Survey, in 2014 only 24.0% of adults in urban areas had access to formal financial services.
The life segment accounted for 18.0% of the industry's gross written premium in 2015.
The personal accident and health segment accounted for 10.3% of the industry's gross written premium in 2015.
As of 2015, there were 18 operational insurance companies, of which four were composite, three were life and 11 were non-life insurers.
Scope of the Report
Products
Companies
Table of Contents
1 KEY FACTS AND HIGHLIGHTS
2 EXECUTIVE SUMMARY
3 ECONOMY AND DEMOGRAPHY
4 INDUSTRY OUTLOOK
4.1 Regional Comparison
4.2 Industry Indicators
4.2.1 Gross written premium
4.2.2 Claims
4.2.3 Assets and investments
5 LIFE INSURANCE OUTLOOK
5.1 Life Insurance
5.1.1 Gross written premium
6 NON-LIFE INSURANCE OUTLOOK
6.1 Property Insurance
6.1.1 Gross written premium
6.1.2 Profitability
6.2 Motor Insurance
6.2.1 Gross written premium
6.2.2 Profitability
6.3 Liability Insurance
6.3.1 Gross written premium
6.3.2 Profitability
6.4 Marine, Aviation and Transit Insurance
6.4.1 Gross written premium
6.4.2 Profitability
7 PERSONAL ACCIDENT AND HEALTH INSURANCE OUTLOOK
7.1 Personal Accident and Health Insurance
7.1.1 Gross written premium
7.1.2 Profitability
8 REINSURANCE OUTLOOK
8.1 Premium Ceded
9 DISTRIBUTION CHANNEL OUTLOOK
10 NATURAL HAZARDS
10.1 Flooding
10.2 Droughts
10.3 Man Made Hazards
10.4 Epidemics
10.5 Exposure
11 COMPETITIVE LANDSCAPE
11.1 Company Profiles
11.1.1 Global Alliance-Seguros, SA-company overview
11.1.2 Empresa Mocambicana de Seguros, SA (EMOSE)-company overview
11.1.3 Seguradora Internacional de Mocambique, SA (SIM)-company overview
11.1.4 Hollard Mocambique Companhia de Seguros SARL-company overview
11.1.5 Austral Seguros, SA-company overview
12 GOVERNANCE, RISK AND COMPLIANCE
12.1 Legislation Overview and Historical Evolution
12.2 Latest Changes in Regulation
12.3 Legislation and Market Practice by Type of Insurance
12.3.1 Life insurance
12.3.2 Property insurance
12.3.3 Motor insurance
12.3.4 Liability insurance
12.3.5 Marine, aviation and transit insurance
12.3.6 Personal accident and health insurance
12.4 Compulsory Insurance
12.4.1 Motor third-party liability insurance
12.4.2 Social security system
12.4.3 Professional indemnity insurance for insurance intermediaries
12.4.4 Aviation liability insurance
12.4.5 Liability insurance for ships with respect to oil pollution
12.4.6 Workmen's compensation insurance
12.5 Supervision and Control
12.5.1 International Association of Insurance Supervisors
12.5.2 African Insurance Organization
12.5.3 Instituto de Supervis�o de Seguros de Mocambique
12.6 Non-Admitted Insurance Regulations
12.6.1 Overview
12.6.2 Intermediaries
12.6.3 Market practices
12.6.4 Fines and Penalties
12.7 Company Registration and Operations
12.7.1 Type of insurance organization
12.7.2 Establishing a local company
12.7.3 Foreign ownership
12.7.4 Types of license
12.7.5 Capital requirements
12.7.6 Solvency margin
12.7.7 Reserve requirements
12.7.8 Investment regulations
12.7.9 Statutory return requirements
12.7.10 Fee structure
12.8 Taxation
12.8.1 Insurance premium or policy taxation
12.8.2 Withholding taxes on premium paid overseas
12.8.3 Corporate tax
12.8.4 VAT
12.8.5 Captives
12.9 Legal System
12.9.1 Introduction
12.9.2 Access to court
12.9.3 Alternative dispute resolution
13 DATABOOK
13.1 Life Insurance
13.1.1 Policies and premium
13.1.2 Claims and expenses
13.1.3 Assets and investments
13.2 Non-Life Insurance
13.2.1 Policies and premium
13.2.2 Claims and expenses
13.2.3 Assets and investments
13.2.4 Property insurance
13.2.5 Property insurance by product
13.2.6 Motor insurance
13.2.7 Liability insurance
13.2.8 Marine, aviation and transit insurance
13.3 Personal Accident and Health Insurance
13.3.1 Policies and premium
13.3.2 Claims and expenses
13.3.3 Assets and investments
14 DEFINITIONS AND METHODOLOGY
14.1 Definitions
14.2 Methodology
15 ABOUT TIMETRIC
15.1 Contact Timetric
15.2 About Timetric
15.3 Timetric's Services
15.4 Disclaimer
Research Methodology
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