The Insurance Industry in Botswana, Key Trends and Opportunities to 2019

The Insurance Industry in Botswana, Key Trends and Opportunities to 2019

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Published on Oct 28, 2015 - 132 pages

The report provides in-depth market analysis, information and insights into the Botswanan insurance industry, including:
  • The Botswanan insurance industry's growth prospects by segment and category
  • A comprehensive overview of Botswanan economy and demographics
  • The detailed competitive landscape in the Botswanan insurance industry
  • The various distribution channels in the Botswanan insurance industry
  • Detailed regulatory policies of the Botswanan insurance industry
  • Analysis of natural hazards in Botswanan insurance industry
Report Highlights
  • The Botswanan insurance industry grew in terms of gross written premium at a review-period CAGR of 10.1%.
  • The Non-Bank Financial Institutions Regulatory Authority (NBFIRA) is responsible for the supervision, regulation and development of the Botswanan insurance industry.
  • The Botswanan insurance industry comprised 21 insurance and three reinsurance providers as of 2014.
  • Life insurance accounted for the largest share of the industry's gross written premium in 2014, with 68.7%.
  • Botswana Life Insurance Ltd was the leading insurer, which accounted for 49.5% of the industry's gross written premium in 2013.
  • Construction industry to spur growth of property insurance category.
Report 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 2010-2014 review period, and projected figures for the 2014-2019 forecast period.
  • It offers a detailed analysis of the key segments in the Botswanan insurance industry, along with market forecasts until 2019.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.
  • It analyzes the various distribution channels in Botswana.
  • It profiles the top insurance companies in Botswana and outlines the key regulations affecting them.
Reasons to Get this Report
  • 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 the 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.


Table of Contents

1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Botswanan Insurance Industry Overview
4.1 Life Insurance
4.2 Non-Life Insurance
4.2.1 Property insurance
4.2.2 Motor insurance
4.2.3 Liability insurance
4.2.4 Marine, aviation and transit insurance
4.3 Personal Accident and Health Insurance
4.4 Reinsurance
5 Distribution Channel Outlook
6 Natural Hazards
6.1 Floods
6.2 Droughts
6.3 Exposure
7 Competitive Landscape
7.1 Overview
7.2 Leading Companies
7.2.1 Botswana Life Insurance Ltd - company overview
7.2.2 Metropolitan Life of Botswana Ltd - company overview
7.2.3 Botswana Insurance Company Ltd - company overview
7.2.4 Zurich Insurance Company Botswana Ltd - company overview
7.2.5 Regent Insurance (Botswana) (Pty) Ltd - company overview
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulations
8.3 Legislation and Market Practice by Type of Insurance
8.3.1 Life insurance
8.3.2 Property insurance
8.3.3 Motor insurance
8.3.4 Liability insurance
8.3.5 Marine, aviation and transit insurance
8.3.6 Personal accident and health insurance
8.4 Compulsory Insurance
8.4.1 Workers' compensation
8.4.2 Motor third-party liability insurance
8.4.3 Professional indemnity
8.5 Supervision and Control
8.5.1 International Association of Insurance Supervisors (IAIS)
8.5.2 Non-Bank Financial Institutions Regulatory Authority
8.6 Non-Admitted Insurance Regulations
8.6.1 Overview
8.6.2 Intermediaries
8.6.3 Market practices
8.6.4 Fines and penalties
8.7 Company Registration and Operations
8.7.1 Types of insurance organization
8.7.2 Establishing a local company
8.7.3 Foreign ownership
8.7.4 Types of license
8.7.5 Capital requirements
8.7.6 Solvency margins
8.7.7 Reserve requirements
8.7.8 Investment regulations
8.7.9 Statutory return requirements
8.7.10 Fee structure
8.8 Taxation
8.8.1 Insurance premium or policy taxation
8.8.2 Withholding taxes on premium paid overseas
8.8.3 Corporate tax
8.8.4 VAT
8.8.5 Captives
8.9 Legal System
8.9.1 Introduction
8.9.2 Access to court
8.9.3 Alternative dispute resolution (ADR)
9 Definitions and Methodology
9.1 What is this Report About?
9.2 Definitions
9.3 Methodology
10 Appendix
10.1 Methodology
10.2 Contact Timetric
10.3 About Timetric
10.4 Timetric's Services
10.5 Disclaimer

List of Tables

Table 1: Botswanan Insurance Industry - Key Facts
Table 2: Botswanan Government Credit Ratings
Table 3: Botswanan Insurance Gross Written Premium by Segment (BWP Million), 2010-2014
Table 4: Botswanan Insurance Gross Written Premium by Segment (US$ Million), 2010-2014
Table 5: Botswanan Insurance Gross Written Premium by Segment (BWP Million), 2014-2019
Table 6: Botswanan Insurance Gross Written Premium by Segment (US$ Million), 2014-2019
Table 7: Botswanan Insurance Segmentation by Gross Written Premium (% Share), 2010-2019
Table 8: Botswanan Life Insurance - Gross Written Premium (BWP Billion and US$ Million), 2010-2014
Table 9: Botswanan Life Insurance - Gross Written Premium by Sub-Segment (BWP Billion), 2014-2019
Table 10: Botswanan Life Insurance - Paid Claims (BWP Million), 2010-2014
Table 11: Botswanan Life Insurance - Paid Claims (BWP Million), 2014-2019
Table 12: Botswanan Life Insurance - Incurred Loss (BWP Million), 2010-2014
Table 13: Botswanan Life Insurance - Incurred Loss (BWP Million), 2014-2019
Table 14: Botswanan Life Insurance - Net Written Premium (Percentage of GWP), 2010-2014
Table 15: Botswanan Life Insurance - Net Written Premium (Percentage of GWP), 2014-2019
Table 16: Botswanan Life Insurance - Total Assets (BWP Million), 2010-2014


Companies Mentioned:

Botswana Life Insurance Ltd
Metropolitan Life of Botswana Ltd
Botswana Insurance Company Ltd
Zurich Insurance Company Botswana Ltd
Regent Insurance (Botswana) (Pty) Ltd