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The Insurance Industry in Malawi, Key Trends and Opportunities to 2017

Timetric
Published Date » 2013-03-26
No. Of Pages » 103
 Synopsis 
    The report provides in depth market analysis, information and insights into the insurance industry in Malawi, including: 
 
 The Malawian insurance industrys growth prospects by insurance segments and categories 
 The competitive landscape in the Malawian insurance industry 
 The current trends and drivers of the Malawi insurance industry 
 The challenges facing the Malawi insurance industry 
 The regulatory framework of the Malawi insurance industry 
 
 Summary    
 Malawi has a small and growing insurance industry which encompasses a population of 16.63 million. It grew at a positive growth rate during the review period, recording a CAGR of 14.2% in terms of written premium value. The Malawian insurance industry is regulated by the registrar of Reserve Bank of...
Table of Content

1 Executive Summary

2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology

3 Malawian Insurance Industry Overview
3.1 Malawian Insurance Industry
3.2 Key Industry Trends and Drivers
3.3 Challenges
3.4 Regulation

4 Industry Segmentation
4.1 Life Insurance
4.2 Non-Life Insurance
4.2.1 Property insurance category
4.2.2 Motor insurance category
4.2.3 Liability insurance category
4.2.4 Marine, aviation and transit insurance category
4.3 Personal Accident and Health Insurance
4.4 Reinsurance

5 Competitive Landscape
5.1 Overview
5.2 Leading Companies
5.2.1 NICO General Insurance Co - company overview
5.2.2 United General Insurance (UGI) - company overview
5.2.3 Old Mutual - company overview
5.2.4 Vanguard Life Assurance - company overview
5.2.5 REAL Insurance Company - company overview
5.2.6 General Alliance Insurance (GAI) - company overview

6 Macroeconomic Indicators
6.1 GDP at Constant Prices (US dollar)
6.2 GDP Per Capita at Constant Prices (US dollar)
6.3 GDP at Current Prices (US dollar)
6.4 Construction Output at Current Prices (US$ Million)
6.5 Arable Land
6.6 Exports as a Percentage of GDP
6.7 Healthcare Expenditure Per Capita
6.8 Employed Population
6.9 Inflation Rate
6.1 Total Population

7 Appendix
7.1 Methodology
7.2 Contact Us
7.3 About Timetric
7.4 Disclaimer

List of Tables


Table 1: Insurance Industry Definitions
Table 2: Malawian Insurance Overall Written Premium by Segment (MWK Billion), 2008-2012
Table 3: Malawian Insurance Overall Written Premium by Segment (US$ Million), 2008-2012
Table 4: Malawian Insurance Overall Written Premium by Segment (MWK Billion), 2012-2017
Table 5: Malawian Insurance Overall Written Premium by Segment (US$ Million), 2012-2017
Table 6: Malawian Insurance Segmentation (% Share), 2008-2017
Table 7: Malawian Life Insurance - Paid Claims (MWK Billion), 2008-2012
Table 8: Malawian Life Insurance - Paid Claims (MWK Billion), 2012-2017
Table 9: Malawian Life Insurance - Incurred Loss (MWK Billion), 2008-2012
Table 10: Malawian Life Insurance - Incurred Loss (MWK Billion), 2012-2017
Table 11: Malawian Life Insurance - Loss Ratio (%), 2008-2012
Table 12: Malawian Life Insurance - Loss Ratio (%), 2012-2017
Table 13: Malawian Life Insurance - Combined Ratio (%), 2008-2012
Table 14: Malawian Life Insurance - Combined Ratio (%), 2012-2017
Table 15: Malawian Life Insurance - Total Assets (MWK Billion), 2008-2012
Table 16: Malawian Life Insurance - Total Assets (MWK Billion), 2012-2017
Table 17: Malawian Life Insurance - Retentions (MWK Billion), 2008-2012
Table 18: Malawian Life Insurance - Retentions (MWK Billion), 2012-2017
Table 19: Malawian Non-Life Insurance Written Premium by Category (MWK Billion), 2008-2012
Table 20: Malawian Non-Life Insurance Written Premium by Category (US$ Million), 2008-2012
Table 21: Malawian Non-Life Insurance Written Premium by Category (MWK Billion), 2012-2017
Table 22: Malawian Non-Life Insurance Written Premium by Category (US$ Million), 2012-2017
Table 23: Malawian Non-Life Insurance - Paid Claims (MWK Billion), 2008-2012
Table 24: Malawian Non-Life Insurance - Paid Claims (MWK Billion), 2012-2017
Table 25: Malawian Non-Life Insurance - Incurred Loss (MWK Billion), 2008-2012
Table 26: Malawian Non-Life Insurance - Incurred Loss (MWK Billion), 2012-2017
Table 27: Malawian Non-Life Insurance - Loss Ratio (%), 2008-2012
Table 28: Malawian Non-Life Insurance - Loss Ratio (%), 2012-2017
Table 29: Malawian Non-Life Insurance - Combined Ratio (%), 2008-2012
Table 30: Malawian Non-Life Insurance - Combined Ratio (%), 2012-2017
Table 31: Malawian Non-Life Insurance - Total Assets (MWK Billion), 2008-2012
Table 32: Malawian Non-Life Insurance - Total Assets (MWK Billion), 2012-2017
Table 33: Malawian Non-Life Insurance - Retentions (MWK Billion), 2008-2012
Table 34: Malawian Non-Life Insurance - Retentions (MWK Billion), 2012-2017
Table 35: Malawian Property Insurance Category - Written Premium (MWK Billion), 2008-2012
Table 36: Malawian Property Insurance Category - Written Premium (MWK Billion), 2012-2017
Table 37: Malawian Motor Insurance Category - Written Premium (MWK Billion), 2008-2012
Table 38: Malawian Motor Insurance Category - Written Premium (MWK Billion), 2012-2017
Table 39: Malawian Liability Insurance Category - Written Premium (MWK Billion), 2008-2012
Table 40: Malawian Liability Insurance Category - Written Premium (MWK Billion), 2012-2017
Table 41: Malawian Marine, Aviation and Transit Insurance Category - Written Premium (MWK Billion), 2008-2012
Table 42: Malawian Marine, Aviation and Transit Insurance Category - Written Premium (MWK Billion), 2012-2017
Table 43: Malawian Personal Accident and Health Insurance - Paid Claims (MWK Billion), 2008-2012
Table 44: Malawian Personal Accident and Health Insurance - Paid Claims (MWK Billion), 2012-2017
Table 45: Malawian Personal Accident and Health Insurance - Incurred Loss (MWK Billion), 2008-2012
Table 46: Malawian Personal Accident and Health Insurance - Incurred Loss (MWK Billion), 2012-2017
Table 47: Malawian Personal Accident and Health Insurance - Loss Ratio (%), 2008-2012
Table 48: Malawian Personal Accident and Health Insurance - Loss Ratio (%), 2012-2017
Table 49: Malawian Personal Accident and Health Insurance - Combined Ratio (%), 2008-2012
Table 50: Malawian Personal Accident and Health Insurance - Combined Ratio (%), 2012-2017
Table 51: Malawian Personal Accident and Health Insurance - Total Assets (MWK Billion), 2008-2012
Table 52: Malawian Personal Accident and Health Insurance - Total Assets (MWK Billion), 2012-2017
Table 53: Malawian Personal Accident and Health Insurance - Retentions (MWK Billion), 2008-2012
Table 54: Malawian Personal Accident and Health Insurance - Retentions (MWK Billion), 2012-2017
Table 55: Malawian Reinsurance Ceded by Insurance Segment (MWK Billion), 2008-2012
Table 56: Malawian Reinsurance Ceded by Insurance Segment (US$ Million), 2008-2012
Table 57: Malawian Reinsurance Ceded by Insurance Segment (MWK Billion), 2012-2017
Table 58: Malawian Reinsurance Ceded by Insurance Segment (US$ Million), 2012-2017
Table 59: Malawian Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 60: Malawian Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 61: Malawian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 62: Malawian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 63: Malawian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 64: Malawian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 65: Malawian Insurance Operators, 2011
Table 66: Malawian Life Insurance Market Share (%), 2011
Table 67: Malawian Non-Life Insurance Market Share (%), 2011
Table 68: NICO General Insurance, Main Products
Table 69: NICO General Insurance, Key Employees
Table 70: UGI, Main Products
Table 71: UGI, Key Employees
Table 72: Old Mutual, Main Products
Table 73: Old Mutual, Key Employees
Table 74: Vanguard, Main Products
Table 75: Vanguard, Key Employees
Table 76: REAL, Main Products
Table 77: REAL, Key Employees
Table 78: GAI, Main Products
Table 79: GAI, Key Employees

List of Figures


Figure 1: Malawian Insurance Overall Written Premium by Segment (MWK Billion), 2008-2017
Figure 2: Malawian Insurance Industry Dynamics by Segment (%), 2008-2017
Figure 3: Malawian Life Insurance - Paid Claims (MWK Billion), 2008-2012
Figure 4: Malawian Life Insurance - Paid Claims (MWK Billion), 2012-2017
Figure 5: Malawian Life Insurance - Incurred Loss (MWK Billion), 2008-2012
Figure 6: Malawian Life Insurance - Incurred Loss (MWK Billion), 2012-2017
Figure 7: Malawian Life Insurance - Loss Ratio (%), 2008-2012
Figure 8: Malawian Life Insurance - Loss Ratio (%), 2012-2017
Figure 9: Malawian Life Insurance - Combined Ratio (%), 2008-2012
Figure 10: Malawian Life Insurance - Combined Ratio (%), 2012-2017
Figure 11: Malawian Life Insurance - Total Assets (MWK Billion), 2008-2012
Figure 12: Malawian Life Insurance - Total Assets (MWK Billion), 2012-2017
Figure 13: Malawian Life Insurance - Retentions (MWK Billion), 2008-2012
Figure 14: Malawian Life Insurance - Retentions (MWK Billion), 2012-2017
Figure 15: Malawian Life Insurance - Premium Per Capita (MWK), 2008-2012
Figure 16: Malawian Non-Life Insurance Written Premium by Category (MWK Billion), 2008-2017
Figure 17: Malawian Non-Life Insurance Written Premium by Category (%), 2012 and 2017
Figure 18: Malawian Non-Life Insurance Segment Dynamics by Category (%), 2008-2017
Figure 19: Malawian Non-Life Insurance - Paid Claims (MWK Billion), 2008-2012
Figure 20: Malawian Non-Life Insurance - Paid Claims (MWK Billion), 2012-2017
Figure 21: Malawian Non-Life Insurance - Incurred Loss (MWK Billion), 2008-2012
Figure 22: Malawian Non-Life Insurance - Incurred Loss (MWK Billion), 2012-2017
Figure 23: Malawian Non-Life Insurance - Loss Ratio (%), 2008-2012
Figure 24: Malawian Non-Life Insurance - Loss Ratio (%), 2012-2017
Figure 25: Malawian Non-Life Insurance - Combined Ratio (%), 2008-2012
Figure 26: Malawian Non-Life Insurance - Combined Ratio (%), 2012-2017
Figure 27: Malawian Non-Life Insurance - Total Assets (MWK Billion), 2008-2012
Figure 28: Malawian Non-Life Insurance - Total Assets (MWK Billion), 2012-2017
Figure 29: Malawian Non-Life Insurance - Retentions (MWK Billion), 2008-2012
Figure 30: Malawian Non-Life Insurance - Retentions (MWK Million), 2012-2017
Figure 31: Malawian Non-Life Insurance Penetration (% of GDP), 2008-2012
Figure 32: Malawian Non-Life Insurance - Premium Per Capita (MWK), 2008-2012
Figure 33: Malawian Property Insurance Category - Written Premium (MWK Billion), 2008-2012
Figure 34: Malawian Property Insurance Category - Written Premium (MWK Billion), 2012-2017
Figure 35: Malawian Motor Insurance Category - Written Premium (MWK Billion), 2008-2012
Figure 36: Malawian Motor Insurance Category - Written Premium (MWK Billion), 2012-2017
Figure 37: Malawian Liability Insurance Category - Written Premium (MWK Billion), 2008-2012
Figure 38: Malawian Liability Insurance Category - Written Premium (MWK Billion), 2012-2017
Figure 39: Malawian Marine, Aviation and Transit Insurance Category - Written Premium (MWK Billion), 2008-2012
Figure 40: Malawian Marine, Aviation and Transit Insurance Category - Written Premium (MWK Billion), 2012-2017
Figure 41: Malawian Personal Accident and Health Insurance - Paid Claims (MWK Billion), 2008-2012
Figure 42: Malawian Personal Accident and Health Insurance - Paid Claims (MWK Billion), 2012-2017
Figure 43: Malawian Personal Accident and Health Insurance - Incurred Loss (MWK Billion), 2008-2012
Figure 44: Malawian Personal Accident and Health Insurance - Incurred Loss (MWK Billion), 2012-2017
Figure 45: Malawian Personal Accident and Health Insurance - Loss Ratio (%), 2008-2012
Figure 46: Malawian Personal Accident and Health Insurance - Loss Ratio (%), 2012-2017
Figure 47: Malawian Personal Accident and Health Insurance - Combined Ratio (%), 2008-2012
Figure 48: Malawian Personal Accident and Health Insurance - Combined Ratio (%), 2012-2017
Figure 49: Malawian Personal Accident and Health Insurance - Total Assets (MWK Billion), 2008-2012
Figure 50: Malawian Personal Accident and Health Insurance - Total Assets (MWK Billion), 2012-2017
Figure 51: Malawian Personal Accident and Health Insurance - Retentions (MWK Billion), 2008-2012
Figure 52: Malawian Personal Accident and Health Insurance - Retentions (MWK Million), 2012-2017
Figure 53: Malawian Personal Accident and Health Insurance Penetration (% of GDP), 2008-2012
Figure 54: Malawian Personal Accident and Health Insurance - Premium Per Capita (MWK), 2008-2012
Figure 55: Malawian Reinsurance Ceded by Insurance Segment (MWK Billion), 2008-2017
Figure 56: Malawian Reinsurance Industry Dynamics by Insurance Segment (%), 2008-2017
Figure 57: Malawian Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Figure 58: Malawian Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Figure 59: Malawian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Figure 60: Malawian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Figure 61: Malawian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Figure 62: Malawian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Figure 63: Malawian Life Insurance Market Share (%), 2011
Figure 64: Malawian Non-Life Insurance Market Share (%), 2011
Figure 65: Malawian GDP at Constant Prices (US$ Million), 2007-2011
Figure 66: Malawian GDP Per Capita at Constant Prices (US$), 2007-2011
Figure 67: Malawian GDP at Current Prices (US$ Million), 2007-2011
Figure 68: Malawian Construction Net Output at Current Prices (US$ Million), 2007-2011
Figure 69: Malawian Arable Land (Hectares per Person), 2007-2011
Figure 70: Malawian Exports as a Percentage of GDP (%), 2007-2011
Figure 71: Malawian Healthcare Expenditure Per Capita (US$), 2007-2011
Figure 72: Malawian Employed Population (Million), 2007-2011
Figure 73: Malawian Inflation Rate (%), 2007-2011
Figure 74: Malawian Total Population (Million), 2007-2011

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