The Insurance Industry in Mali, Key Trends and Opportunities to 2021

  • ID: 4428323
  • Report
  • Region: Mali
  • 137 pages
  • Timetric
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FEATURED COMPANIES

  • Allianz Mali Assurances
  • Assurances Lafia SA
  • NSIA Vie Mali
  • Saham Assurance
  • MORE
The 'The Insurance Industry in Mali, Key Trends and Opportunities to 2021' report provides detailed analysis of the market trends, drivers and challenges in the Malian 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 period (2012-2016) and forecast period (2016-2021).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Malian 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.

Summary

The 'The Insurance Industry in Mali, Key Trends and Opportunities to 2021' report provides in-depth market analysis, information and insights into the Malian insurance industry, including:
  • The Malian insurance industry's growth prospects by segment and category
  • A comprehensive overview of Malian economy and demographics
  • The detailed competitive landscape in the Malian insurance industry
  • The various distribution channels in the Malian insurance industry
  • Detailed regulatory policies of the Malian insurance industry
  • Analysis of natural hazards in Malian insurance industry
Scope

This report provides a comprehensive analysis of the insurance industry in Mali:
  • It provides historical values for the Malian insurance industry for the report’s 2012-2016 review period, and projected figures for the 2016-2021 forecast period.
  • It offers a detailed analysis of the key segments in the Malian insurance industry, along with market forecasts until 2021.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets and total investment income.
  • It analyzes the various distribution channels in Mali.
  • It profiles the top insurance companies in Mali 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 Malian insurance industry and each segment and category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Malian insurance industry.
  • Assess the competitive dynamics in the Malian insurance industry.
  • Identify the growth opportunities and market dynamics in key segments.
  • Gain insights into key regulations governing the Malian insurance industry and their impact on companies and the industry's future.
Key Highlights
  • On July 17, 2017, the World Bank approved the Rural Mobility and Connectivity Project. The aim of the project is to strengthen the country’s infrastructure. It granted XOF4.1 billion (US$70.0 million) for the Rural Mobility and Connectivity Project, which focuses on enhancing the transportation facilities of farming communities to market areas and regions of basic services.
  • In May 2016, the Commission Regional des Assurances (CRCA) which is the regional insurance regulatory authority for all the Conférence Interafricaine des Marchés d'Assurances (CIMA) member states, issued a draft regulation aimed at introducing regulatory framework on electronic insurance - the distribution of insurance products through electronic channels such as mobile phones and the internet. The proposed regulations are expected to develop and promote the e-distribution of insurance products.
  • On April 8 2016, new guidelines for the calculation of solvency margins for life and supplementary health insurance were introduced through Regulation No. 001/CIMA/PCMA/CE/2016, which amended Article 337-3 of the Chartered Institute of Management Accountants Code.
  • In October 2015, Orange entered into a partnership with Mali NSIA, a microinsurance company, to introduce a savings product called Sini Tonon. It is associated with a mobile wallet which allows clients to make small contributions towards their savings on the Orange Money platform. This product was launched with the aim of addressing the need for covering women’s medical issues.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Allianz Mali Assurances
  • Assurances Lafia SA
  • NSIA Vie Mali
  • Saham Assurance
  • MORE
1 KEY FACTS AND HIGHLIGHTS
2 EXECUTIVE SUMMARY
3 ECONOMY AND DEMOGRAPHICS
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 Individual Life Insurance
5.1.1 Direct written premium
5.1.2 Penetration
5.2 Group Life Insurance
5.2.1 Direct written premium
5.2.2 Penetration
6 NON-LIFE INSURANCE OUTLOOK
6.1 Property Insurance
6.1.1 Direct written premium
6.1.2 Penetration
6.1.3 Profitability
6.2 Motor Insurance
6.2.1 Direct written premium
6.2.2 Penetration
6.2.3 Profitability
6.3 Liability Insurance
6.3.1 Direct written premium
6.3.2 Penetration
6.3.3 Profitability
6.4 Marine, Aviation and Transit Insurance
6.4.1 Direct written premium
6.4.2 Penetration
6.4.3 Profitability
7 PERSONAL ACCIDENT AND HEALTH INSURANCE OUTLOOK
7.1 Personal Accident and Health Insurance
7.1.1 Gross written premium
7.1.2 Penetration
7.1.3 Claims
7.1.4 Profitability
8 REINSURANCE OUTLOOK
8.1 Reinsurance Accepted
8.2 Premium Ceded
9 DISTRIBUTION CHANNEL OUTLOOK
10 NATURAL AND MAN-MADE HAZARDS
10.1 Flooding
10.2 Droughts
10.3 Epidemics
10.4 Harmattan Winds
10.5 Man-Made Disasters
10.6 Exposure
11 COMPETITIVE LANDSCAPE
11.1 Company Profiles
11.1.1 Saham Assurances - company overview
11.1.2 Assurances Lafia SA - company overview
11.1.3 Allianz Mali Assurances - company overview
11.1.4 Societe Nouvelle d'Assurance Vie - 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 Professional indemnity insurance for insurance intermediaries
12.4.3 Worker’s compensation
12.5 Supervision and Control
12.5.1 International Association of Insurance Supervisors
12.5.2 Commission Regional des Assurances
12.5.3 Direction Nationale du Trésor et de la Comptabilité Publique
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
13.1.4 Individual life insurance
13.1.5 Individual life insurance by category
13.1.6 Group life insurance
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 category
13.2.6 Motor insurance
13.2.7 Motor insurance by category
13.2.8 Liability insurance
13.2.9 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
15.2 About
15.3 Services
15.4 Disclaimer

List of Tables
Table 1: Malian Insurance Industry - Key Facts, 2016
Table 2: Malian Insurance - Leading Insurers, 2015
Table 3: Malian Insurance Industry - Gross Written Premium by Segment (XOF Billion), 2012-2016
Table 4: Malian Insurance Industry - Gross Written Premium by Segment (XOF Billion), 2016-2021
Table 5: Malian Insurance Industry - Density (Direct Written Premium Per Capita) by Segment (XOF), 2012-2016
Table 6: Malian Insurance Industry - Density (Direct Written Premium Per Capita) by Segment (XOF), 2016-2021
Table 7: Malian Insurance Industry - Paid Claims by Segment (XOF Billion), 2012-2016
Table 8: Malian Insurance Industry - Paid Claims by Segment (XOF Billion), 2016-2021
Table 9: Malian Insurance Industry - Total Investment Income by Segment (XOF Million), 2012-2016
Table 10: Malian Insurance Industry - Total Investment Income by Segment (XOF Million), 2016-2021
Table 11: Malian Insurance Industry - Life Insurance Investment Portfolio (XOF Billion), 2012-2016
Table 12: Malian Insurance Industry - Life Insurance Investment Portfolio (XOF Billion), 2016-2021
Table 13: Malian Insurance Industry - Non-Life Insurance Investment Portfolio (XOF Billion), 2012-2016
Table 14: Malian Insurance Industry - Non-Life Insurance Investment Portfolio (XOF Billion), 2016-2021
Table 15: Malian Insurance Industry - Personal Accident and Health Insurance Investment Portfolio (XOF Million), 2012-2016
Table 16: Malian Insurance Industry - Personal Accident and Health Insurance Investment Portfolio (XOF Million), 2016-2021
Table 17: Malian Individual Life Insurance - Direct Written Premium (XOF Billion and US$ Million), 2012-2016
Table 18: Malian Individual Life Insurance - Direct Written Premium (XOF Billion and US$ Million), 2016-2021
Table 19: Malian Group Life Insurance - Direct Written Premium (XOF Billion and US$ Million), 2012-2016
Table 20: Malian Group Life Insurance - Direct Written Premium (XOF Billion and US$ Million), 2016-2021
Table 21: Malian Property Insurance - Direct Written Premium (XOF Billion and US$ Million), 2012-2016
Table 22: Malian Property Insurance -Direct Written Premium (XOF Billion and US$ Million), 2016-2021
Table 23: Malian Property Insurance - Loss Ratio (%), 2012-2016
Table 24: Malian Property Insurance - Loss Ratio (%), 2016-2021
Table 25: Malian Motor Insurance - Direct Written Premium (XOF Billion and US$ Million), 2012-2016
Table 26: Malian Motor Insurance - Direct Written Premium (XOF Billion and US$ Million), 2016-2021
Table 27: Malian Motor Insurance - Loss Ratio (%), 2012-2016
Table 28: Malian Motor Insurance - Loss Ratio (%), 2016-2021
Table 29: Malian Liability Insurance - Direct Written Premium (XOF Billion and US$ Million), 2012-2016
Table 30: Malian Liability Insurance - Direct Written Premium (XOF Billion and US$ Million), 2016-2021
Table 31: Malian Liability Insurance - Loss Ratio (%), 2012-2016
Table 32: Malian Liability Insurance - Loss Ratio (%), 2016-2021
Table 33: Malian Marine, Aviation and Transit Insurance - Direct Written Premium (XOF Billion and US$ Million), 2012-2016
Table 34: Malian Marine, Aviation and Transit Insurance - Direct Written Premium (XOF Billion and US$ Million), 2016-2021
Table 35: Malian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2012-2016
Table 36: Malian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2016-2021
Table 37: Malian Personal Accident and Health Insurance - Gross Written Premium (XOF Billion and US$ Million), 2012-2016
Table 38: Malian Personal Accident and Health Insurance - Gross Written Premium (XOF Billion and US$ Million), 2016-2021
Table 39: Malian Personal Accident and Health Insurance - Paid Claims (XOF Billion and US$ Million), 2012-2016
Table 40: Malian Personal Accident and Health Insurance - Paid Claims (XOF Billion and US$ Million), 2016-2021
Table 41: Malian Personal Accident and Health Insurance - Loss Ratio (%), 2012-2016
Table 42: Malian Personal Accident and Health Insurance - Loss Ratio (%), 2016-2021
Table 43: Malian Reinsurance - Premium Accepted by Category (XOF Million), 2012-2016
Table 44: Malian Reinsurance - Premium Accepted by Category (XOF Million), 2016-2021
Table 45: Malian Reinsurance - Premium Ceded by Insurance Segment (XOF Billion), 2012-2016
Table 46: Malian Reinsurance - Premium Ceded by Insurance Segment (XOF Billion), 2016-2021
Table 47: Malian Insurance Industry - Market Shares of Leading Non-Life Insurers (%), 2015
Table 48: Malian Insurance Industry - Market Shares of Leading Life Insurers (%), 2015
Table 49: Saham Assurances - Key Facts
Table 50: Assurances Lafia SA - Key Facts
Table 51: Allianz Mali Assurances - Key Facts
Table 52: Societe Nouvelle d'Assurance Vie - Key Facts
Table 53: Mali- Insurance Regulatory Framework Key Features
Table 54: Mali- Life Insurance Regulatory Framework
Table 55: Mali- Property Insurance Regulatory Framework
Table 56: Mali Motor Insurance Regulatory Framework
Table 57: Mali- Liability Insurance Regulatory Framework
Table 58: Mali - Insurance Premium Tax Rates
Table 59: Mali- Corporate Tax Rates for the Financial Year 2017
Table 60: Malian Life Insurance - Policies and Premium, 2012-2016
Table 61: Malian Life Insurance - Policies and Premium, 2016-2021
Table 62: Malian Life Insurance - Claims and Expenses, 2012-2016
Table 63: Malian Life Insurance - Claims and Expenses, 2016-2021
Table 64: Malian Life Insurance - Assets and Investments, 2012-2016
Table 65: Malian Life Insurance - Assets and Investments, 2016-2021
Table 66: Malian Life Insurance - Individual Life Insurance, 2012-2016
Table 67: Malian Life Insurance - Individual Life Insurance, 2016-2021
Table 68: Malian Life Insurance - Individual Life Insurance by Category, 2012-2016
Table 69: Malian Life Insurance - Individual Life Insurance by Category, 2016-2021
Table 70: Malian Life Insurance - Group Life Insurance, 2012-2016
Table 71: Malian Life Insurance - Group Life Insurance, 2016-2021
Table 72: Malian Non-Life Insurance - Policies and Premium, 2012-2016
Table 73: Malian Non-Life Insurance - Policies and Premium, 2016-2021
Table 74: Malian Non-Life Insurance - Claims and Expenses, 2012-2016
Table 75: Malian Non-Life Insurance - Claims and Expenses, 2016-2021
Table 76: Malian Non-Life Insurance - Assets and Investments, 2012-2016
Table 77: Malian Non-Life Insurance - Assets and Investments, 2016-2021
Table 78: Malian Non-Life Insurance - Property Insurance, 2012-2016
Table 79: Malian Non-Life Insurance - Property Insurance, 2016-2021
Table 80: Malian Non-Life Insurance - Property Insurance by Category, 2012-2016
Table 81: Malian Non-Life Insurance - Property Insurance by Category, 2016-2021
Table 82: Malian Non-Life Insurance - Motor Insurance, 2012-2016
Table 83: Malian Non-Life Insurance - Motor Insurance, 2016-2021
Table 84: Malian Non-Life Insurance - Motor Insurance by Category, 2012-2016
Table 85: Malian Non-Life Insurance - Motor Insurance by Category, 2016-2021
Table 86: Malian Non-Life Insurance - Liability Insurance, 2012-2016
Table 87: Malian Non-Life Insurance - Liability Insurance, 2016-2021
Table 88: Malian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2012-2016
Table 89: Malian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2016-2021
Table 90: Malian Personal Accident and Health Insurance - Policies and Premium, 2012-2016
Table 91: Malian Personal Accident and Health Insurance - Policies and Premium, 2016-2021
Table 92: Malian Personal Accident and Health Insurance - Claims and Expenses, 2012-2016
Table 93: Malian Personal Accident and Health Insurance - Claims and Expenses, 2016-2021
Table 94: Malian Personal Accident and Health Insurance - Assets and Investments, 2012-2016
Table 95: Malian Personal Accident and Health Insurance - Assets and Investments, 2016-2021
Table 96: Insurance Industry Definitions

List of Figures
Figure 1: Malian Real GDP (XOF Trillion), 2012-2021
Figure 2: Malian Consumer Price Inflation (%), 2012-2021
Figure 3: Malian Current Account Balance as Percentage of GDP (%), 2012-2016
Figure 4: Malian Unemployment Rate, 2012-2021
Figure 5: XOF-US$ Exchange Rate, 2012-2021
Figure 6: Malian Population by Age Group, 1991-2025
Figure 7: Malian Life Insurance Penetration - Regional Comparison (%), 2016
Figure 8: Malian Personal Accident and Health Insurance Penetration - Regional Comparison (%), 2016
Figure 9: Malian Non-Life Insurance Penetration - Regional Comparison (%), 2016
Figure 10: Malian Insurance Segment Direct Written Premium Shares - Regional Comparison (%), 2016
Figure 11: Malian Insurance Industry - Gross Written Premium (XOF Billion) by Segment, 2012-2021
Figure 12: Malian Insurance Industry - Density (Direct Written Premium Per Capita) by Segment (XOF), 2012-2021
Figure 13: Malian Insurance Industry - Paid Claims by Segment (XOF Billion), 2012-2021
Figure 14: Malian Insurance Industry - Total Investment Income by Segment (XOF Million), 2012-2021
Figure 15: Malian Insurance Industry - Life Insurance Investment Portfolio (XOF Billion), 2012-2021
Figure 16: Malian Insurance Industry - Life Insurance Investment Portfolio Dynamics by Category (XOF Billion), 2012-2021
Figure 17: Malian Insurance Industry - Non-Life Insurance Investment Portfolio (XOF Billion), 2012-2021
Figure 18: Malian Insurance Industry - Non-Life Insurance Investment Portfolio Dynamics by Category (XOF Billion), 2012-2021
Figure 19: Malian Insurance Industry - Personal Accident and Health Insurance Investment Portfolio (XOF Million), 2012-2021
Figure 20: Malian Insurance Industry - Personal Accident and Health Insurance Investment Portfolio Dynamics by Category (XOF Million), 2012-2021
Figure 21: Malian Individual Life Insurance - Direct Written Premium (XOF Billion), 2012-2021
Figure 22: Malian Individual Life Insurance - Penetration (%), 2012-2016
Figure 23: Malian Individual Life Insurance - Penetration (%), 2016-2021
Figure 24: Malian Group Life Insurance - Direct Written Premium (XOF Billion), 2012-2021
Figure 25: Malian Group Life Insurance - Penetration (%), 2012-2016
Figure 26: Malian Group Life Insurance - Penetration (%), 2016-2021
Figure 27: Malian Property Insurance - Direct Written Premium (XOF Billion), 2012-2021
Figure 28: Malian Property Insurance - Penetration (%), 2012-2016
Figure 29: Malian Property Insurance - Penetration (%), 2016-2021
Figure 30: Malian Property Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2012-2021
Figure 31: Malian Motor Insurance - Direct Written Premium (XOF Billion), 2012-2021
Figure 32: Malian Motor Insurance - Penetration (%), 2012-2016
Figure 33: Malian Motor Insurance - Penetration (%), 2016-2021
Figure 34: Malian Motor Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2012-2021
Figure 35: Malian Liability Insurance - Direct Written Premium (XOF Billion), 2012-2021
Figure 36: Malian Liability Insurance - Penetration (%), 2012-2016
Figure 37: Malian Liability Insurance - Penetration (%), 2016-2021
Figure 38: Malian Liability Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2012-2021
Figure 39: Malian Marine, Aviation and Transit Insurance - Direct Written Premium (XOF Billion), 2012-2021
Figure 40: Malian Marine, Aviation and Transit Insurance - Penetration (%), 2012-2016
Figure 41: Malian Marine, Aviation and Transit Insurance - Penetration (%), 2016-2021
Figure 42: Malian Marine, Aviation and Transit Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2012-2021
Figure 43: Malian Personal Accident and Health Insurance - Gross Written Premium (XOF Billion), 2012-2021
Figure 44: Malian Personal Accident and Health Insurance - Penetration (%), 2012-2016
Figure 45: Malian Personal Accident and Health Insurance - Penetration (%), 2016-2021
Figure 46: Malian Personal Accident and Health Insurance - Paid Claims (XOF Billion), 2012-2021
Figure 47: Malian Personal Accident and Health Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2012-2021
Figure 48: Malian Reinsurance - Premium Accepted by Category (XOF Million), 2012-2021
Figure 49: Malian Reinsurance - Premium Ceded by Insurance Segment (XOF Billion), 2012-2021
Figure 50: Malian Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2021
Figure 51: Malian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2021
Figure 52: Malian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2021
Figure 53: Malian Insurance Industry - Market Shares of Leading Non-Life Insurers (%), 2015
Figure 54: Malian Insurance Industry - Market Shares of Leading Life Insurers (%), 2015
Figure 55: Mali- Insurance Supervision and Control at Various Levels
Figure 56: Mali- Insurance Regulatory Frameworks for Company Registration and Operation
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  • NSIA Vie Mali
  • Saham Assurance
  • Assurances Lafia SA
  • Les Assurances Bleues CNAR
  • Allianz Mali Assurances
  • Societe Nouvelle Alliance d'Assurances SA
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