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Published: Feb, 2017 | Pages:
104 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)
Summary Timetric’s 'The Insurance Industry in Botswana, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Botswanan insurance industry, including: • An overview of the Botswanan insurance industry • The Botswanan insurance industry's growth prospects by segment and category • A comprehensive overview of the Botswanan economy and demographics • The detailed competitive landscape in the Botswanan insurance industry • Details of regulatory policy applicable to the Botswanan insurance industry • Analysis of natural hazards in the Botswanan insurance industry Synopsis Timetric’s 'The Insurance Industry in Botswana, Key Trends and Opportunities to 2020' report provides a detailed analysis of the Botswanan 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 Botswanan 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. Scope This report provides a comprehensive analysis of the insurance industry in Botswana: • It provides historical values for the Botswanan 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 Botswanan 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 Botswana, and highlights recent developments. • It covers the economy and demographic structure of Botswana. • It analyzes the impact of natural hazards in the Botswanan insurance industry. Reasons To Buy • Make strategic business decisions using in-depth historic and forecast market data related to the Botswanan insurance industry and each segment and category within it. • Understand the demand-side dynamics, key market trends and growth opportunities in the Botswanan insurance industry. • Assess the competitive dynamics in the Botswanan insurance industry. • Identify growth opportunities and market dynamics in key segments. • Gain insights into key regulations governing the Botswanan insurance industry, and their impact on companies and the industry's future. Key Highlights • Life insurance was the largest segment in the Botswanan insurance industry in 2015, accounting for 72.1% of the industry’s gross written premium. • The non-life segment accounted for 26.8% of the industry's gross written premium. • Property was the largest category within the non-life segment during the review period. It accounted for 54.3% of the segment’s gross written premium in 2015. • The personal accident and health segment accounted for 1.1% of the industry's gross written premium in 2015. • The top five life insurers accounted for 99.3% of the market share in terms of gross written premium.
Table of Content 1 Key Facts and Highlights 2 Executive Summary 3 Economy and Demography 4 Industry Outlook 4.1 Industry Indicators 4.1.1 Gross written premium 4.1.2 Assets and investments 5 Life Insurance Outlook 5.1 Individual Life Insurance 5.1.1 Gross written premium 6 Non-Life Insurance Outlook 6.1 Property Insurance 6.1.1 Gross written premium 6.2 Motor Insurance 6.2.1 Gross written premium 6.3 Liability Insurance 6.3.1 Gross written premium 6.4 Marine, Aviation and Transit Insurance 6.4.1 Gross written premium 7 Personal Accident and Health Insurance Outlook 7.1 Personal Accident Insurance 7.1.1 Gross written premium 8 Reinsurance Outlook 8.1 Premium Accepted 8.2 Premium Ceded 9 Distribution Channel Outlook 10 Natural and Man-Made Hazards 10.1 Flooding 10.2 Droughts 10.3 Storms 10.4 Wild Fire 10.5 Epidemic 10.6 Man Made Disasters 10.7 Exposure 11 Competitive Landscape 11.1 Company Profiles 11.1.1 Botswana Life Insurance Ltd – company overview 11.1.2 Metropolitan Life Botswana Ltd – company overview 11.1.3 Botswana Insurance Company Ltd – company overview 11.1.4 Regent Insurance (Botswana) (Pty) Ltd – company overview 11.1.5 Mutual & Federal Insurance Company of Botswana Ltd – company overview 11.1.6 Zurich Insurance Company Botswana Ltd – 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 Workers’ compensation 12.4.2 Motor third-party liability insurance 12.4.3 Professional indemnity insurance 12.4.4 Aviation liability insurance 12.5 Supervision and Control 12.5.1 International Association of Insurance Supervisors 12.5.2 Non-Bank Financial Institutions Regulatory Authority 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
List of Tables Table 1: Botswanan Insurance Industry – Key Facts, 2015 Table 2: Botswanan Insurance Industry – Top Insurers, 2015 Table 3: Botswanan Government Credit Ratings Table 4: Botswanan Insurance Industry – Gross Written Premium by Segment (BWP Billion), 2011–2015 Table 5: Botswanan Insurance Industry – Gross Written Premium by Segment (BWP Billion), 2015–2020 Table 6: Botswanan Insurance Industry – Total Assets by Segment (BWP Million), 2011–2015 Table 7: Botswanan Insurance Industry – Total Assets by Segment (BWP Million), 2015–2020 Table 8: Botswanan Insurance Industry – Total Investment Income by Segment (BWP Million), 2011–2015 Table 9: Botswanan Insurance Industry – Total Investment Income by Segment (BWP Million), 2015–2020 Table 10: Botswanan Individual Life Insurance – Gross Written Premium (BWP Billion and US$ Billion), 2011–2015 Table 11: Botswanan Individual Life Insurance – Gross Written Premium (BWP Billion and US$ Billion), 2015–2020 Table 12: Botswanan Property Insurance – Gross Written Premium (BWP Million and US$ Million), 2011–2015 Table 13: Botswanan Property Insurance – Gross Written Premium (BWP Million and US$ Million), 2015–2020 Table 14: Botswanan Motor Insurance – Gross Written Premium (BWP Million and US$ Million), 2011–2015 Table 15: Botswanan Motor Insurance – Gross Written Premium (BWP Million and US$ Million), 2015–2020 Table 16: Botswanan Liability Insurance – Gross Written Premium (BWP Million and US$ Million), 2011–2015 Table 17: Botswanan Liability Insurance – Gross Written Premium (BWP Million and US$ Million), 2015–2020 Table 18: Botswanan Marine, Aviation and Transit Insurance – Gross Written Premium (BWP Million and US$ Million), 2011–2015 Table 19: Botswanan Marine, Aviation and Transit Insurance – Gross Written Premium (BWP Million and US$ Million), 2015–2020 Table 20: Botswanan Personal Accident Insurance – Gross Written Premium (BWP Million and US$ Million), 2011–2015 Table 21: Botswanan Personal Accident Insurance – Gross Written Premium (BWP Million and US$ Million), 2015–2020 Table 22: Botswanan Reinsurance – Total Premium Accepted (BWP Million and US$ Million), 2011–2015 Table 23: Botswanan Reinsurance – Total Premium Accepted (BWP Million and US$ Million), 2015–2020 Table 24: Botswanan Reinsurance – Premium Ceded by Insurance Segment (BWP Million), 2011–2015 Table 25: Botswanan Reinsurance – Premium Ceded by Insurance Segment (BWP Million), 2015–2020 Table 26: List Of Brokers in Botswana, 2016 Table 27: Botswanan Insurance Industry – Segment Shares of Leading Life Insurers (%), 2015 Table 28: Botswanan Insurance Industry – Segment Shares (%) of Leading Non-Life Insurers, 2015 Table 29: Botswana Life Insurance Ltd – Key Facts Table 30: Metropolitan Life Botswana Ltd – Key Facts Table 31: Botswana Insurance Company Ltd – Key Facts Table 32: Regent Insurance (Botswana) (Pty) Ltd – Key Facts Table 33: Mutual & Federal Insurance Company of Botswana Ltd – Key Facts Table 34: Zurich Insurance Company Botswana Ltd – Key Facts Table 35: Botswana– Insurance Regulatory Framework Key Features Table 36: Botswana – Life Insurance Regulatory Framework Table 37: Botswana – Property Insurance Regulatory Framework Table 38: Botswana– Motor Insurance Regulatory Framework Table 39: Botswana – Liability Insurance Regulatory Framework Table 40: Botswana – Corporate Tax Rates for the Financial Year 2017 Table 41: Botswanan Life Insurance – Policies and Premium, 2011–2015 Table 42: Botswanan Life Insurance – Policies and Premium, 2015–2020 Table 43: Botswanan Life Insurance – Claims and Expenses, 2011–2015 Table 44: Botswanan Life Insurance – Claims and Expenses, 2015–2020 Table 45: Botswanan Life Insurance – Assets and Investments, 2011–2015 Table 46: Botswanan Life Insurance – Assets and Investments, 2015–2020 Table 47: Botswanan Non-Life Insurance – Policies and Premium, 2011–2015 Table 48: Botswanan Non-Life Insurance – Policies and Premium, 2015–2020 Table 49: Botswanan Non-Life Insurance – Claims and Expenses, 2011–2015 Table 50: Botswanan Non-Life Insurance – Claims and Expenses, 2015–2020 Table 51: Botswanan Non-Life Insurance – Assets and Investments, 2011–2015 Table 52: Botswanan Non-Life Insurance – Assets and Investments, 2015–2020 Table 53: Botswanan Non-Life Insurance – Property Insurance, 2011–2015 Table 54: Botswanan Non-Life Insurance – Property Insurance, 2015–2020 Table 55: Botswanan Non-Life Insurance – Property Insurance by Product, 2011–2015 Table 56: Botswanan Non-Life Insurance – Property Insurance by Product, 2015–2020 Table 57: Botswanan Non-Life Insurance – Motor Insurance, 2011–2015 Table 58: Botswanan Non-Life Insurance – Motor Insurance, 2015–2020 Table 59: Botswanan Non-Life Insurance – Liability Insurance, 2011–2015 Table 60: Botswanan Non-Life Insurance – Liability Insurance, 2015–2020 Table 61: Botswanan Non-Life Insurance – Marine, Aviation and Transit Insurance, 2011–2015 Table 62: Botswanan Non-Life Insurance – Marine, Aviation and Transit Insurance, 2015–2020 Table 63: Botswanan Personal Accident and Health Insurance – Policies and Premium, 2011–2015 Table 64: Botswanan Personal Accident and Health Insurance – Policies and Premium, 2015–2020 Table 65: Botswanan Personal Accident and Health Insurance – Claims and Expenses, 2011–2015 Table 66: Botswanan Personal Accident and Health Insurance – Claims and Expenses, 2015–2020 Table 67: Botswanan Personal Accident and Health Insurance – Assets and Investments, 2011–2015 Table 68: Botswanan Personal Accident and Health Insurance – Assets and Investments, 2015–2020 Table 69: Insurance Industry Definitions List of Figures Figure 1: Botswanan Real GDP (BWP Billion), 2011–2020 Figure 2: Botswana Unemployment Rate, 2011–2020 Figure 3: Botswanan Consumer Price Inflation (%), 2011–2020 Figure 4: Botswanan Current Account Balance as Percentage of GDP (%), 2011–2020 Figure 5: Botswanan (BWP-US$) Exchange Rate, 2011–2020 Figure 6: Botswanan Population by Age Group, 1990–2025 Figure 7: Botswanan Insurance Industry – Gross Written Premium by Segment, 2011–2020 Figure 8: Botswanan Insurance Industry – Total Assets by Segment (BWP Million), 2011–2020 Figure 9: Botswanan Insurance Industry – Total Investment Income by Segment (BWP Million), 2011–2020 Figure 10: Botswanan Individual Life Insurance – Gross Written Premium (BWP Billion), 2011–2020 Figure 11: Botswanan Property Insurance – Gross Written Premium (BWP Million), 2011–2020 Figure 12: Botswanan Motor Insurance – Gross Written Premium (BWP Million), 2011–2020 Figure 13: Botswanan Liability Insurance – Gross Written Premium (BWP Million), 2011–2020 Figure 14: Botswanan Marine, Aviation and Transit Insurance – Gross Written Premium (BWP Million), 2011–2020 Figure 15: Botswanan Personal Accident Insurance – Gross Written Premium (BWP Million), 2011–2020 Figure 16: BWP Reinsurance – Total Premium Accepted (BWP Billion), 2011–2020 Figure 17: Botswanan Reinsurance – Premium Ceded by Insurance Segment (BWP Million), 2011–2020 Figure 18: Botswanan Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2020 Figure 19: Botswanan Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2020 Figure 20: Botswanan Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2011–2020 Figure 21: Botswanan – Frequency of Hazards by Type, 1990–2014 Figure 22: Botswanan Insurance Industry – Market Shares of Leading Life Insurers (%), 2015 Figure 23: Botswanan Insurance Industry – Market Shares of Leading Non-Life Insurers (%), 2015 Figure 24: Botswana – Insurance Supervision and Control at Various Levels Figure 25: Botswana – Insurance Regulatory Frameworks for Company Registration and Operation
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