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Botswana Insurance industry Research, Botswana insurance market trends

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The Insurance Industry in Botswana, Key Trends and Opportunities to 2020' report provides a detailed analysis of the Botswanan insurance industry. For more coverage click on the link below: – PowerPoint PPT presentation

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Title: Botswana Insurance industry Research, Botswana insurance market trends


1
Economic Growth Shaping Insurance Industry in
Botswana Ken Research
2
  • Ken Research in its study on The Insurance
    Industry in Botswana Key Trends and Opportunities
    to 2020 discusses that in 2015, Life insurance
    segment was ranked the largest segment in the
    Botswana insurance industry with the gross
    written premium of 72.1 whereas the non-life
    segment is accounted for 26.8. Personal accident
    and health segment has been accounted for 1.1.

3
  • In non-life insurance segment, property was
    the largest category accounted for 54.3 of gross
    written premium in 2015. Gross written premium
    was accounted at 99.3, for the top five life
    insurers
  • International insurance act was merely
    welcomed by Botswana IFSC and the insurance
    industry in May 2005, which aims at creating
    fiscal and regulatory environment which is
    necessary to make Botswana an attractive location
    so as to avail the services like reinsurance,
    captive insurance and regulatory activities for
    the non-citizens and in currencies other than
    pula.
  • Botswana is a landlocked place in South
    Africa. Botswana has maintained one of the
    worlds highest economic growth rates since
    independence in 1966.

4
Botswanas economy is now correlated with the
global economic trends due to its heavy reliance
on a single luxury export. Insurance industry in
Botswana is small, developed and significantly
growing with time. Insurance companies are highly
competitive and are regulated by the NON BANK
FINANCIAL INSTITUTIONS REGULATORY AUTHORITY and
working on the rules and regulations stipulated
in the insurance act 1987. Currently there are
20 insurance companies in Botswana, out of which
13 are non-life insurers and seven are life
insurers. The country also has 41 insurance
brokers and 192 corporate agents.
5
Major players in Botswana insurance industry
includes, Botswana Life Insurance Ltd
Metropolitan Life Botswana Barclays Life Botswana
(Pty) Ltd Regent Life (Botswana) (Pty) Ltd
Liberty Life Botswana (Pty) Ltd Hollard Insurance
Botswana Bona Life Insurance Botswana Insurance
Company (Pty) Ltd Mutual Federal Insurance
Company of Botswana Ltd Phoenix of Botswana
Assurance Company (Pty) Ltd Zurich Insurance
Company Botswana Sesiro Insurance Company (Pty)
Ltd BIHL Sure BECI Sunshine Insurance Company of
Botswana (Pty) Ltd Alpha Direct Insurance Co. and
Prefsure Botswana Ltd.
6
Key topics covered in report Botswana Insurance
Industry Research Botswana Insurance Market
Size Botswana Life Insurance Industry
Research Botswana Non Life Insurance Industry
Research Botswana Insurance Industry Future
Outlook Botswana Insurance Market Trends Botswana
Insurance Market Future Outlook For more
coverage click on the link below https//www.ken
research.com/banking-financial-services-and-insura
nce/insurance/the-insurance-industry-botswana-key-
trends/86268-93.html
7
Contact Ken Research Ankur Gupta, Head
Marketing Communications query_at_kenresearch.com
91-124-4230204
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