The Insurance Industry in Swaziland, Key Trends and Opportunities to 2017 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-04 13:01:01
The Swazi insurance industry is still in the developmental stage. There are a total of ten insurance companies in Swaziland: six life insurers and four non-life insurers. The Swazi industry is highly concentrated with large companies such as Swaziland Royal Insurance Corporation (SRIC), Old Mutual, Metropolitan, Liberty Life and Momentum Insurance all operational. The industrys key growth driver is the non-life segment, which accounted for the largest share of 50.8% of the industrys written premium value in 2012. The Swazi insurance industry is regulated by the Registrar of Insurance and Retirement Funds (RIRF). For low income earners, insurers are promoting micro-insurance products. However, there are many challenges in operating this class insurance such as inefficient distribution channels. The nations over dependence on African Customs Union (SACU) receipts is considered a challenge for the development of the industry.
â¢ The Swazi insurance industry is still in the developmental stage.
â¢ During the review period, a substantial hike in the net income ratio of non-life insurers was recorded.
â¢ Fair value adjustment following a recovery in the global financial markets has been the key growth driver.
â¢ The Swazi insurance authority has targeted the low income population and is developing a framework to promote micro-insurance.
â¢ In January 2011, the RIRF commissioned the Centre for Financial Regulation and Inclusion (CENFRI) to conduct research, explore opportunities and determine any challenges the nations insurance industry faces.
â¢ During the review period, the combined ratio of the non-life insurance segment has shown a continuous increase which is a bad sign for company profitability.
This report provides a comprehensive analysis of the insurance industry in Swaziland:
â¢ It provides historical values for the Swazi insurance industry for the reports 2008â2012 review period and forecast figures for the 2012â2017 forecast period
â¢ It offers a detailed analysis of the key segments and categories in the Swazi insurance industry, along with industry forecasts until 2017
â¢ It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions
â¢ It profiles the top insurance companies in Swaziland and outlines the key regulations affecting them
Reasons to Buy
â¢ Make strategic business decisions using in depth historic and forecast industry data related to the Swazi insurance industry and each segment within it
â¢ Assess the competitive dynamics in the Swazi insurance industry
â¢ Understand the demand-side dynamics, key market trends and growth opportunities within the Swazi insurance industry
â¢ Identify the growth opportunities and market dynamics within key segments
â¢ Gain insights into key regulations governing the Swazi insurance industry and its impact on companies and the industrys future
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