Synopsis
Timetrics The Insurance Industry in Namibia, Key Trends and Opportunities to 2019 report provides detailed analysis of the market trends, drivers and challenges in the Namibian 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 (2010-2014) and forecast period (2014-2019).
The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Namibian economy and demographics, and provides detailed information on the competitive landscape in the country.
The report brings together Timetrics 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 Namibia:
• It provides historical values for the Namibian insurance industry for the reports 2010-2014 review period, and projected figures for the 2014-2019 forecast period.
• It offers a detailed analysis of the key segments in the Namibian 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 Namibia.
• It profiles the top insurance companies in Namibia and outlines the key regulations affecting them.
Summary
Timetrics The Insurance Industry in Namibia, Key Trends and Opportunities to 2019 report provides in-depth market analysis, information and insights into the Namibian insurance industry, including:
• The Namibian insurance industrys growth prospects by segment and category
• A comprehensive overview of Namibian economy and demographics
• The detailed competitive landscape in the Namibian insurance industry
• The various distribution channels in the Namibian insurance industry
• Detailed regulatory policies of the Namibian insurance industry
• Analysis of natural hazards in Namibian insurance industry
Reasons To Buy
• Make strategic business decisions using in-depth historic and forecast market data related to the Namibian insurance industry and each segment and category within it.
• Understand the demand-side dynamics, key market trends and growth opportunities in the Namibian insurance industry.
• Assess the competitive dynamics in the Namibian insurance industry.
• Identify the growth opportunities and market dynamics in key segments.
• Gain insights into key regulations governing the Namibian insurance industry and their impact on companies and the industrys future.
Key highlights
• The Namibian insurance industry grew at a review-period CAGR of 13.6%.
• The life insurance segment accounted for 55.4% of the industrys gross written premium in 2014.
• The non-life segment accounted for 24.9% of the industrys gross written premium in 2014.
• The Namibian insurance industry had 16 life and 12 non-life insurers in 2014.
• The reinsurance segment had one state-owned reinsurer - Namibian National Reinsurance Corporation Ltd - and several foreign insurers.
Table Of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Namibian Insurance Industry Overview
5 Industry Segmentation
5.1 Life Insurance
5.2 Non-Life Insurance
5.3 Personal Accident and Health Insurance
5.4 Reinsurance
6 Natural Hazards
6.1 Droughts
6.2 Floods
6.3 Exposure
7 Competitive Landscape
7.1 Overview
7.2 Leading Companies
7.2.1 Metropolitan Swabou Life (Namibia) Ltd - company overview
7.2.2 Sanlam Namibia Ltd - company overview
7.2.3 Old Mutual Life Assurance Company (Namibia) Ltd - company overview
7.2.4 Trustco Group Holdings Ltd - company overview
7.2.5 Namibian National Reinsurance Corporation Ltd - company overview
8 Definitions and Methodology
8.1 What is this Report About?
8.2 Definitions
8.3 Methodology
9 Appendix
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetric’s Services
9.5 Disclaimer
List Of Tables
Table 1: Namibian Insurance Industry - Key Facts
Table 2: Namibian Life and Non-life Insurance Categories, 2014
Table 3: Namibian Life Insurance - Gross Written Premium (NAD Billion), 2010-2014
Table 4: Namibian Life Insurance - Gross Written Premium (NAD Billion), 2014-2019
Table 5: Namibian Life Insurance - Paid Claims (NAD Billion), 2010-2014
Table 6: Namibian Life Insurance - Paid Claims (NAD Billion), 2014-2019
Table 7: Namibian Life Insurance - Net Written Premium as a Percentage of GWP (%), 2010-2014
Table 8: Namibian Life Insurance - Net Written Premium as a Percentage of GWP (%), 2014-2019
Table 9: Namibian Life Insurance - Total Assets (NAD Billion), 2010-2014
Table 10: Namibian Life Insurance - Total Assets (NAD Billion), 2014-2019
Table 11: Namibian Life Insurance - Total Investment Income (NAD Billion), 2010-2014
Table 12: Namibian Life Insurance - Total Investment Income (NAD Billion), 2014-2019
Table 13: Namibian Life Insurance - Net Written Premium (NAD Billion), 2010-2014
Table 14: Namibian Life Insurance - Net Written Premium (NAD Billion), 2014-2019
Table 15: Namibian Non-Life Insurance - Gross Written Premium (NAD Billion), 2010-2014
Table 16: Namibian Non-Life Insurance - Gross Written Premium (NAD Billion), 2014-2019
Table 17: Namibian Non-Life Insurance - Paid Claims (NAD Billion), 2010-2014
Table 18: Namibian Non-Life Insurance - Paid Claims (NAD Billion), 2014-2019
Table 19: Namibian Non-Life Insurance - Incurred Loss (NAD Billion), 2010-2014
Table 20: Namibian Non-Life Insurance - Incurred Loss (NAD Billion), 2014-2019
Table 21: Namibian Non-Life Insurance - Loss Ratio (%), 2010-2014
Table 22: Namibian Non-Life Insurance - Loss Ratio (%), 2014-2019
Table 23: Namibian Non-Life Insurance - Combined Ratio (%), 2010-2014
Table 24: Namibian Non-Life Insurance - Combined Ratio (%), 2014-2019
Table 25: Namibian Non-Life Insurance - Total Assets (NAD Billion), 2010-2014
Table 26: Namibian Non-Life Insurance - Total Assets (NAD Billion), 2014-2019
Table 27: Namibian Non-Life Insurance - Total Investment Income (NAD Million), 2010-2014
Table 28: Namibian Non-Life Insurance - Total Investment Income (NAD Million), 2014-2019
Table 29: Namibian Non-Life Insurance - Net Written Premium (NAD Billion), 2010-2014
Table 30: Namibian Non-Life Insurance - Net Written Premium (NAD Billion), 2014-2019
Table 31: Namibian Personal Accident and Health Insurance - Gross Written Premium (NAD Billion), 2010-2014
Table 32: Namibian Personal accident and health Insurance - Gross Written Premium (NAD Billion), 2014-2019
Table 33: Namibian Personal Accident and Health Insurance - Incurred Loss (NAD Billion), 2010-2014
Table 34: Namibian Personal Accident and Health Insurance - Incurred Loss (NAD Billion), 2014-2019
Table 35: Namibian Personal Accident and Health Insurance - Loss Ratio (%), 2010-2014
Table 36: Namibian Personal Accident and Health Insurance - Loss Ratio (%), 2014-2019
Table 37: Namibian Personal Accident and Health Insurance - Combined Ratio (%), 2010-2014
Table 38: Namibian Personal Accident and Health Insurance - Combined Ratio (%), 2014-2019
Table 39: Namibian Personal Accident and Health Insurance - Total Assets (NAD Billion), 2010-2014
Table 40: Namibian Personal Accident and Health Insurance - Total Assets (NAD Billion), 2014-2019
Table 41: Namibian Personal Accident and Health Insurance - Total Investment Income (NAD Million), 2010-2014
Table 42: Namibian Personal Accident and Health Insurance - Total Investment Income (NAD Million), 2014-2019
Table 43: Namibian Personal Accident and Health Insurance - Net Written Premium (NAD Billion), 2010-2014
Table 44: Namibian Personal Accident and Health Insurance - Net Written Premium (NAD Billion), 2014-2019
Table 45: Namibian Reinsurance Accepted - By Category (NAD Million), 2010-2014
Table 46: Namibian Reinsurance Accepted - By Category (US$ Million), 2010-2014
Table 47: Namibian Reinsurance Accepted - By Category (NAD Billion), 2014-2019
Table 48: Namibian Reinsurance Accepted - By Category (US$ Million), 2014-2019
Table 49: Namibian Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (NAD Million), 2010-2014
Table 50: Namibian Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (US$ Million), 2010-2014
Table 51: Namibian Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (NAD Million), 2014-2019
Table 52: Namibian Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (US$ Million), 2014-2019
Table 53: Namibian Life Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2010-2014
Table 54: Namibian Life Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2014-2019
Table 55: Namibian Non-Life Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2010-2014
Table 56: Namibian Non-Life Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2014-2019
Table 57: Namibian Personal Accident and Health Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2010-2014
Table 58: Namibian Personal Accident and Health Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2014-2019
Table 59: Namibian Economic Loss by Hazard, 1990-2014
Table 60: Namibian Average Annual Loss by Hazard, 1990-2014
Table 61: Namibian Life Insurance - Industry Participants and Annual Movement (2013-2014)
Table 62: Namibian Non-Life Insurance - Industry Participants and Annual Movement (2013-2014)
Table 63: Namibian Life and Non-Life Insurance Companies, 2014
Table 64: Metropolitan Swabou Life (Namibia) Ltd - Key Facts
Table 65: Sanlam Namibia Ltd - Key Facts
Table 66: Old Mutual Life Assurance Company (Namibia) Ltd - Key Facts
Table 67: Trustco Group Holdings Ltd - Key Facts
Table 68: Namibian National Reinsurance Corporation Ltd - Key Facts
Table 69: Insurance Industry Definitions
List Of Figures
Figure 1: Namibian Real GDP (NAD Billion), 2010-2019
Figure 2: Namibian Consumer Price Inflation, 2010-2019
Figure 3: NAD per US$ Exchange Rate, 2010-2019
Figure 4: Namibian Unemployment Rate as a Percentage of the Total Labor Force, 2010-2019
Figure 5: Namibian Population by Age Group, 2010-2019
Figure 6: Namibian Life Insurance - Gross Written Premium (NAD Billion), 2010-2014
Figure 7: Namibian Life Insurance - Gross Written Premium (NAD Billion), 2014-2019
Figure 8: Namibian Life Insurance - Paid Claims (NAD Billion), 2010-2014
Figure 9: Namibian Life Insurance - Paid Claims (NAD Billion), 2014-2019
Figure 10: Namibian Life Insurance - Net Written Premium as a Percentage of GWP (%), 2010-2014
Figure 11: Namibian Life Insurance - Net Written Premium as a Percentage of GWP (%), 2014-2019
Figure 12: Namibian Life Insurance - Total Assets (NAD Billion), 2010-2014
Figure 13: Namibian Life Insurance - Total Assets (NAD Billion), 2014-2019
Figure 14: Namibian Life Insurance - Total Investment Income (NAD Billion), 2010-2014
Figure 15: Namibian Life Insurance - Total Investment Income (NAD Billion), 2014-2019
Figure 16: Namibian Life Insurance - Net Written Premium (NAD Billion), 2010-2014
Figure 17: Namibian Life Insurance - Net Written Premium (NAD Billion), 2014-2019
Figure 18: Namibian Life Insurance - Total Investment (NAD Billion), 2010-2014
Figure 19: Namibian Life Insurance - Insurance Penetration (Ratio of Direct Premium to GDP), 2010-2014
Figure 20: Namibian Life Insurance - Insurance Density (Direct Premium per Capita) (NAD), 2010-2014
Figure 21: Namibian Non-Life Insurance - Gross Written Premium (NAD Billion), 2010-2014
Figure 22: Namibian Non-Life Insurance - Gross Written Premium (NAD Billion), 2014-2019
Figure 23: Namibian Non-Life Insurance - Paid Claims (NAD Billion), 2010-2014
Figure 24: Namibian Non-Life Insurance - Paid Claims (NAD Billion), 2014-2019
Figure 25: Namibian Non-Life Insurance - Incurred Loss (NAD Billion), 2010-2014
Figure 26: Namibian Non-Life Insurance - Incurred Loss (NAD Billion), 2014-2019
Figure 27: Namibian Non-Life Insurance - Loss Ratio (%), 2010-2014
Figure 28: Namibian Non-Life Insurance - Loss Ratio (%), 2014-2019
Figure 29: Namibian Non-Life Insurance - Combined Ratio (%), 2010-2014
Figure 30: Namibian Non-Life Insurance - Combined Ratio (%), 2014-2019
Figure 31: Namibian Non-Life Insurance - Total Assets (NAD Billion), 2010-2014
Figure 32: Namibian Non-Life Insurance - Total Assets (NAD Billion), 2014-2019
Figure 33: Namibian Non-Life Insurance - Total Investment Income (NAD Million), 2010-2014
Figure 34: Namibian Non-Life Insurance - Total Investment Income (NAD Million), 2014-2019
Figure 35: Namibian Non-Life Insurance - Net Written Premium (NAD Billion), 2010-2014
Figure 36: Namibian Non-Life Insurance - Net Written Premium (NAD Billion), 2014-2019
Figure 37: Namibian Non-Life Insurance - Total Investment (NAD Million), 2010-2014
Figure 38: Namibian Non-Life Insurance Penetration (Ratio of Direct Premium to GDP), 2010-2014
Figure 39: Namibian Non-Life Insurance Density (Direct Premium per Capita) (NAD), 2010-2014
Figure 40: Namibian Personal Accident and Health Insurance - Gross Written Premium (NAD Billion), 2010-2014
Figure 41: Namibian Personal Accident and Health Insurance - Gross Written Premium (NAD Billion), 2014-2019
Figure 42: Namibian Personal Accident and Health Insurance - Incurred Loss (NAD Billion), 2010-2014
Figure 43: Namibian Personal Accident and Health Insurance - Incurred Loss (NAD Billion), 2014-2019
Figure 44: Namibian Personal Accident and Health Insurance - Loss Ratio (%), 2010-2014
Figure 45: Namibian Personal Accident and Health Insurance - Loss Ratio (%), 2014-2019
Figure 46: Namibian Personal Accident and Health Insurance - Combined Ratio (%), 2010-2014
Figure 47: Namibian Personal Accident and Health Insurance - Combined Ratio (%), 2014-2019
Figure 48: Namibian Personal Accident and Health Insurance - Total Assets (NAD Billion), 2010-2014
Figure 49: Namibian Personal Accident and Health Insurance - Total Assets (NAD Billion), 2014-2019
Figure 50: Namibian Personal Accident and Health Insurance - Total Investment Income (NAD Million), 2010-2014
Figure 51: Namibian Personal Accident and Health Insurance - Total Investment Income (NAD Million), 2014-2019
Figure 52: Namibian Personal Accident and Health Insurance - Net Written Premium (NAD Billion), 2010-2014
Figure 53: Namibian Personal Accident and Health Insurance - Net Written Premium (NAD Billion), 2014-2019
Figure 54: Namibian Personal Accident and Health Insurance - Total Investment (NAD Million), 2010-2014
Figure 55: Namibian Personal Accident and Health Insurance Penetration (Ratio of Direct Premium to GDP), 2010-2014
Figure 56: Namibian Personal Accident and Health Insurance Density (Direct Premium per Capita) (NAD), 2010-2014
Figure 57: Namibian Reinsurance Accepted - By Category (NAD Billion), 2010-2019
Figure 58: Namibian Reinsurance Accepted - By Category (Percentage Share), 2014 and 2019
Figure 59: Namibian Reinsurance Accepted Dynamics by Category, 2010-2019
Figure 60: Namibian Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (NAD Million), 2010-2019
Figure 61: Namibian Reinsurance - Dynamics by Insurance Segment, 2010-2019
Figure 62: Namibian Life Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2010-2014
Figure 63: Namibian Life Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2014-2019
Figure 64: Namibian Non-Life Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2010-2014
Figure 65: Namibian Non-Life Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2014-2019
Figure 66: Namibian Personal Accident and Health Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2010-2014
Figure 67: Namibian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Figure 68: Namibian Frequency of Hazards by Type, 1990-2014
Figure 69: Namibian Economic Losses Caused by Hazards by Type, 1990-2014
