The Insurance Industry in Namibia, Key Trends and Opportunities to 2022
Summary
'The Insurance Industry in Namibia, Key Trends and Opportunities to 2022' report provides detailed analysis of the market trends, drivers and challenges in the Namibian insurance industry.
It provides key performance indicators such as written premium and claims during the review period (2013-2017) and forecast period (2017-2022).
The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Namibian economy and demographics, and provides detailed information on the competitive landscape in the country.
The report brings together 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.
Inside this report, we look at the top themes, its predictions and identify winners and losers.
This report provides in-depth market analysis, information and insights into the Namibian insurance industry, including -
Key Highlights
Scope
Reasons to buy
Summary
'The Insurance Industry in Namibia, Key Trends and Opportunities to 2022' report provides detailed analysis of the market trends, drivers and challenges in the Namibian insurance industry.
It provides key performance indicators such as written premium and claims during the review period (2013-2017) and forecast period (2017-2022).
The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Namibian economy and demographics, and provides detailed information on the competitive landscape in the country.
The report brings together 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.
Inside this report, we look at the top themes, its predictions and identify winners and losers.
This report provides in-depth market analysis, information and insights into the Namibian insurance industry, including -
- The Namibian insurance industry's growth prospects by segment and category
- A comprehensive overview of the Namibian economy and demographics
- Details of the competitive landscape in the Namibian insurance industry
- The various distribution channels in the Namibian insurance industry
- Details of regulatory policy applicable to the Namibian insurance industry
- Analysis of natural hazards in the Namibian insurance industry
Key Highlights
- On February 1, 2018, the Namibia Financial Institutions Supervisory Authority (NAMFISA) introduced an amendment which increased the limits for mandatory professional indemnity insurance.
- According to the NAMFISA Annual Report 2018, the number of life insurance intermediaries increased from 4,201 in 2016 to 4,998 in 2017, which comprised 4,385 agents and 613 brokers.
- As of 2017, the Namibian insurance industry comprised 16 life and general insurers and one reinsurer.
Scope
- This report provides a comprehensive analysis of the insurance industry in Namibia.
- It provides historical values for the Namibian insurance industry for the report’s 2013-2017 review period, and projected figures for the 2017-2022 forecast period.
- It offers a detailed analysis of the key segments in the Namibian insurance industry, with market forecasts to 2022.
- It covers an exhaustive list of parameters, including written premium and claims.
- It analyzes the various distribution channels in Namibia.
- It profiles the top insurance companies in Namibia, and outlines the key regulations affecting them.
Reasons to buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Namibian insurance industry and each segment and category within it.
- Understand the demand-side dynamics, key market trends and growth opportunities in the Namibian insurance industry.
- Assess the competitive dynamics in the Namibian insurance industry.
- Identify the growth opportunities and market dynamics in key segments.
- Gain insights into key regulations governing the Namibian insurance industry and their impact on companies and the industry's future.
Table of Contents
1. Key Facts and Highlights2 Executive Summary3 Economy and Demographics8 Distribution Channel Outlook
4 Industry Outlook
5 Life Insurance Outlook
6 General Insurance Outlook
7 Reinsurance Outlook
9 Natural and Man-Made Hazards
10 Competitive Landscape
11 Governance, Risk and Compliance
12 Databook
13 Definitions and Methodology
14 About the Publisher
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Liberty Life Namibia Ltd
- Bonben Assurance Namibia Ltd
- Hollard Life Namibia Ltd
- Entrepo Life Ltd
- Old Mutual Life Assurance Co. of Namibia
- MMI Holdings Namibia Ltd
- Professional Provident Society Insurance Co. (Nam) Ltd
- Santam Namibia
- NedNamibia Life Assurance Company Ltd
- Namforce Life Insurance Ltd
- Trustco Insurance Ltd
- Hollard Insurance Company
- Outsurance Insurance Company of Namibia Ltd
- Western National Insurance Company
- Old Mutual Short-term Insurance Company
- King Price Insurance Company of Namibia Ltd
- Lexna Insurance Ltd
- Nasria
- Ripley's Insurance Ltd
- Quanta Insurance Ltd