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Published: Nov, 2017 | Pages:
137 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)
Summary
Timetric's '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 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.
Synopsis
Timetric's '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 Conference Interafricaine des Marches 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.
Table of Contents
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 Tresor et de la Comptabilite 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 Timetric 15.2 About Timetric 15.3 Timetric's 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
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