Research and Markets: Insurance Industry in Botswana - Key Trends and Opportunities to 2018

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/r9sqrz/the_insurance) has announced the addition of the "The Insurance Industry in Botswana, Key Trends and Opportunities to 2018" report to their offering.

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.

Key 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.

Key Topics Covered:

1 Executive Summary

2 Introduction

3 Botswanan Insurance Industry Overview

4 Industry Segmentation

5 Governance, Risk and Compliance

6 Competitive Landscape

7 Economic Indicators

8 Appendix

Companies Mentioned

  • Botswana Life Insurance Ltd
  • Metropolitan Life Botswana
  • Botswana Insurance Company Ltd
  • Zurich Insurance Company Botswana
  • Regent Insurance Botswana (Pty) Ltd

For more information visit http://www.researchandmarkets.com/research/r9sqrz/the_insurance

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Insurance

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Insurance