ResearchMoz

The Insurance Industry in Sierra Leone, Key Trends and Opportunities to 2017

Timetric
Published Date » 2013-03-26
No. Of Pages » 108
 Synopsis   
 
 
 The report provides in depth market analysis, information and insights into the insurance industry in Sierra Leone, including: 
 The Sierra Leonean insurance industrys growth prospects by insurance segments and categories  
 The competitive landscape in the Sierra Leonean insurance industry 
 The current trends and drivers of the Sierra Leone insurance industry 
 The challenges facing the Sierra Leone insurance industry 
 The regulatory framework of the Sierra Leone insurance industry 
 
 Summary    
 The Sierra Leonean insurance industry is under developed and inadequately supervised.  There are eight insurance companies and six brokers operating in the country. During the review period, Sierra Leones insurance industry increased at a CAGR of 17.1%,...
Table of Content

1 Executive Summary

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

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

4 Industry Segmentation
4.1 Life Insurance Growth Prospects by Category
4.2 Non-Life Insurance Growth Prospects by Category
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 Growth Prospects by Category
4.4 Reinsurance Industry Size by Insurance Segment, 2008-2017

5 Competitive Landscape
5.1 Overview
5.2 Leading Companies
5.2.1 Aureol Insurance - Company Overview
5.2.2 National Insurance Company (NIC) - Company Overview
5.2.3 Reliance Insurance Trust Corporation (RITCORP) - Company Overview
5.2.4 International Insurance Company Limited (IICL)

6 Macroeconomic Indicators
6.1 GDP at constant prices (US$)
6.2 GDP per Capita at Constant Prices (US$)
6.3 GDP at current prices (US$)
6.4 Construction output at current prices (US$ million)
6.5 Arable land
6.6 Exports as a percentage of GDP
6.7 Number of air passengers
6.8 Healthcare expenditure per capita
6.9 Employed population
6.1 Inflation Rate
6.11 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: Sierra Leonean Insurance Overall Written Premium by Segment (SLL Billion), 2008-2012
Table 3: Sierra Leonean Insurance Overall Written Premium by Segment (US$ Million), 2008-2012
Table 4: Sierra Leonean Insurance Overall Written Premium by Segment (SLL Billion), 2012-2017
Table 5: Sierra Leonean Insurance Overall Written Premium by Segment (US$ Million), 2012-2017
Table 6: Sierra Leonean Insurance Segmentation (% Share), 2008-2017
Table 7: Sierra Leonean Life Insurance - Paid Claims (SLL Billion), 2008-2012
Table 8: Sierra Leonean Life Insurance - Paid Claims (SLL Billion), 2012-2017
Table 9: Sierra Leonean Life Insurance - Incurred Loss (SLL Billion), 2008-2012
Table 10: Sierra Leonean Life Insurance - Incurred Loss (SLL Billion), 2012-2017
Table 11: Sierra Leonean Life Insurance - Loss Ratio (%), 2008-2012
Table 12: Sierra Leonean Life Insurance - Loss Ratio (%), 2012-2017
Table 13: Sierra Leonean Life Insurance - Combined Ratio (%), 2008-2012
Table 14: Sierra Leonean Life Insurance - Combined Ratio (%), 2012-2017
Table 15: Sierra Leonean Life Insurance - Total Assets (SLL Billion), 2008-2012
Table 16: Sierra Leonean Life Insurance - Total Assets (SLL Billion), 2012-2017
Table 17: Sierra Leonean Life Insurance - Total Investment Income (SLL Billion), 2008-2012
Table 18: Sierra Leonean Life Insurance - Total Investment Income (SLL Billion), 2012-2017
Table 19: Sierra Leonean Life Insurance - Retentions (SLL Billion), 2008-2012
Table 20: Sierra Leonean Life Insurance - Retentions (SLL Billion), 2012-2017
Table 21: Sierra Leonean Non-Life Insurance Written Premium by Category (SLL Billion), 2008-2012
Table 22: Sierra Leonean Non-Life Insurance Written Premium by Category (US$ Million), 2008-2012
Table 23: Sierra Leonean Non-Life Insurance Written Premium by Category (SLL Billion), 2012-2017
Table 24: Sierra Leonean Non-Life Insurance Written Premium by Category (US$ Million), 2012-2017
Table 25: Sierra Leonean Non-Life Insurance - Paid Claims (SLL Billion), 2008-2012
Table 26: Sierra Leonean Non-Life Insurance Segment - Paid Claims (SLL Billion), 2012-2017
Table 27: Sierra Leonean Non-Life Insurance - Incurred Loss (SLL Billion), 2008-2012
Table 28: Sierra Leonean Non-Life Insurance - Incurred Loss (SLL Billion), 2012-2017
Table 29: Sierra Leonean Non-Life Insurance - Loss Ratio (%), 2008-2012
Table 30: Sierra Leonean Non-Life Insurance - Loss Ratio (%), 2012-2017
Table 31: Sierra Leonean Non-Life Insurance - Combined Ratio (%), 2008-2012
Table 32: Sierra Leonean Non-Life Insurance - Combined Ratio (%), 2012-2017
Table 33: Sierra Leonean Non-Life Insurance - Total Assets (SLL Billion), 2008-2012
Table 34: Sierra Leonean Non-Life Insurance - Total Assets (SLL Billion), 2012-2017
Table 35: Sierra Leonean Non-Life Insurance - Retentions (SLL Billion), 2008-2012
Table 36: Sierra Leonean Non-Life Insurance - Retentions (SLL Billion), 2012-2017
Table 37: Sierra Leonean Property Insurance Category - Written Premium (SLL Billion), 2008-2012
Table 38: Sierra Leonean Property Insurance Category - Written Premium (SLL Billion), 2012-2017
Table 39: Sierra Leonean Motor Insurance Category - Written Premium (SLL Billion), 2008-2012
Table 40: Sierra Leonean Motor Insurance Category - Written Premium (SLL Billion), 2012-2017
Table 41: Sierra Leonean Liability Insurance Category - Written Premium (SLL Billion), 2008-2012
Table 42: Sierra Leonean Liability Insurance Category - Written Premium (SLL Billion), 2012-2017
Table 43: Sierra Leonean Marine, Aviation and Transit Insurance Category - Written Premium (SLL Billion), 2008-2012
Table 44: Sierra Leonean Marine, Aviation and Transit Insurance Category - Written Premium (SLL Billion), 2012-2017
Table 45: Sierra Leonean Personal Accident and Health Insurance - Paid Claims (SLLBillion), 2008-2012
Table 46: Sierra Leonean Personal Accident and Health Insurance - Paid Claims (SLLBillion), 2012-2017
Table 47: Sierra Leonean Personal Accident and Health Insurance - Incurred Loss (SLLBillion), 2008-2012
Table 48: Sierra Leonean Personal Accident and Health Insurance - Incurred Loss (SLLBillion), 2012-2017
Table 49: Sierra Leonean Personal Accident and Health Insurance - Loss Ratio (%), 2008-2012
Table 50: Sierra Leonean Personal Accident and Health Insurance - Loss Ratio (%), 2012-2017
Table 51: Sierra Leonean Personal Accident and Health Insurance - Combined Ratio (%), 2008-2012
Table 52: Sierra Leonean Personal Accident and Health Insurance - Combined Ratio (%), 2012-2017
Table 53: Sierra Leonean Personal Accident and Health Insurance - Total Assets (SLL Billion), 2008-2012
Table 54: Sierra Leonean Personal Accident and Health Insurance - Total Assets (SLL Billion), 2012-2017
Table 55: Sierra Leonean Personal Accident and Health Insurance - Total Investment Income (SLLBillion), 2008-2012
Table 56: Sierra Leonean Personal Accident and Health Insurance - Total Investment Income (SLLBillion), 2012-2017
Table 57: Sierra Leonean Personal Accident and Health Insurance - Retentions (SLL Billion), 2008-2012
Table 58: Sierra Leonean Personal Accident and Health Insurance - Retentions (SLL Billion), 2012-2017
Table 59: Sierra Leonean Reinsurance Ceded by Insurance Segment (SLL Billion), 2008-2012
Table 60: Sierra Leonean Reinsurance Ceded by Insurance Segment (US$ Million), 2008-2012
Table 61: Sierra Leonean Reinsurance Ceded by Insurance Segment (SLL Billion), 2012-2017
Table 62: Sierra Leonean Reinsurance Ceded by Insurance Segment (US$ Million), 2012-2017
Table 63: Sierra Leonean Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 64: Sierra Leonean Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 65: Sierra Leonean Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 66: Sierra Leonean Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 67: Sierra Leonean Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 68: Sierra Leonean Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 69: Insurance Companies in the Sierra Leonean Insurance Industry, 2011
Table 70: Aureol, Main Products
Table 71: Aureol, Key Employees
Table 72: National Insurance, Main Products
Table 73: RITCORP, Main Products
Table 74: International Insurance Company, Main Products
Table 75: International Insurance Company, Key Employees

List of Figures


Figure 1: Sierra Leonean Insurance Overall Written Premium by Segment (SLL Million), 2008-2017
Figure 2: Sierra Leonean Insurance Industry Dynamics by Segment, 2008-2017
Figure 3: Sierra Leonean Life Insurance - Paid Claims (SLL Billion), 2008-2012
Figure 4: Sierra Leonean Life Insurance - Paid Claims (SLL Billion), 2012-2017
Figure 5: Sierra Leonean Life Insurance - Incurred Loss (SLL Billion), 2008-2012
Figure 6: Sierra Leonean Life Insurance - Incurred Loss (SLL Billion), 2012-2017
Figure 7: Sierra Leonean Life Insurance - Loss Ratio (%), 2008-2012
Figure 8: Sierra Leonean Life Insurance - Loss Ratio (%), 2012-2017
Figure 9: Sierra Leonean Life Insurance - Combined Ratio (%), 2008-2012
Figure 10: Sierra Leonean Life Insurance - Combined Ratio (%), 2012-2017
Figure 11: Sierra Leonean Life Insurance - Total Assets (SLL Billion), 2008-2012
Figure 12: Sierra Leonean Life Insurance - Total Assets (SLL Billion), 2012-2017
Figure 13: Sierra Leonean Life Insurance - Total Investment Income (SLL Billion), 2008-2012
Figure 14: Sierra Leonean Life Insurance - Total Investment Income (SLL Billion), 2012-2017
Figure 15: Sierra Leonean Life Insurance - Retentions (SLL Billion), 2008-2012
Figure 16: Sierra Leonean Life Insurance - Retentions (SLL Billion), 2012-2017
Figure 17: Sierra Leonean Life Insurance - Investment (SLL Billion), 2008-2012
Figure 18: Sierra Leonean Life Insurance Penetration (% of GDP), 2008-2012
Figure 19: Sierra Leonean Life Insurance - Premium per Capita (SLL), 2008-2012
Figure 20: Sierra Leonean Non-Life Insurance Written Premium by Category (SLL Billion), 2008-2017
Figure 21: Sierra Leonean Non-Life Insurance Written Premium by Category (% Share), 2012 and 2017
Figure 22: Sierra Leonean Non-Life Insurance Segment Dynamics by Category, 2008-2017
Figure 23: Sierra Leonean Non-Life Insurance - Paid Claims (SLL Billion), 2008-2012
Figure 24: Sierra Leonean Non-Life Insurance - Paid Claims (SLL Billion), 2012-2017
Figure 25: Sierra Leonean Non-Life Insurance - Incurred Loss (SLL Billion), 2008-2012
Figure 26: Sierra Leonean Non-Life Insurance - Incurred Loss (SLL Billion), 2012-2017
Figure 27: Sierra Leonean Non-Life Insurance - Loss Ratio (%), 2008-2012
Figure 28: Sierra Leonean Non-Life Insurance - Loss Ratio (%), 2012-2017
Figure 29: Sierra Leonean Non-Life Insurance - Combined Ratio (%), 2008-2012
Figure 30: Sierra Leonean Non-Life Insurance - Combined Ratio (%), 2012-2017
Figure 31: Sierra Leonean Non-Life Insurance - Total Assets (SLL Billion), 2008-2012
Figure 32: Sierra Leonean Non-Life Insurance - Total Assets (SLL Billion), 2012-2017
Figure 33: Sierra Leonean Non-Life Insurance - Retentions (SLL Billion), 2008-2012
Figure 34: Sierra Leonean Non-Life Insurance - Retentions (US$ Million), 2012-2017
Figure 35: Sierra Leonean Non-Life Insurance - Investment (SLL Billion), 2008-2012
Figure 36: Sierra Leonean Non-Life Insurance Penetration (% of GDP), 2008-2012
Figure 37: Sierra Leonean Non-Life Insurance - Premium per Capita (SLL), 2008-2012
Figure 38: Sierra Leonean Property Insurance Category - Written Premium (SLL Billion), 2008-2012
Figure 39: Sierra Leonean Property Insurance Category - Written Premium (SLL Billion), 2012-2017
Figure 40: Sierra Leonean Motor Insurance Category - Written Premium (SLL Billion), 2008-2012
Figure 41: Sierra Leonean Motor Insurance Category - Written Premium (SLL Billion), 2012-2017
Figure 42: Sierra Leonean Liability Insurance Category - Written Premium (SLL Billion), 2008-2012
Figure 43: Sierra Leonean Liability Insurance Category - Written Premium (SLL Billion), 2012-2017
Figure 44: Sierra Leonean Marine, Aviation and Transit Insurance Category - Written Premium (SLL Billion), 2008-2012
Figure 45: Sierra Leonean Marine, Aviation and Transit Insurance Category - Written Premium (SLL Billion), 2012-2017
Figure 46: Sierra Leonean Personal Accident and Health Insurance - Paid Claims (SLL Billion), 2008-2012
Figure 47: Sierra Leonean Personal Accident and Health Insurance - Paid Claims (SLL Billion), 2012-2017
Figure 48: Sierra Leonean Personal Accident and Health Insurance - Incurred Loss (SLL Billion), 2008-2012
Figure 49: Sierra Leonean Personal Accident and Health Insurance - Incurred Loss (SLL Billion), 2012-2017
Figure 50: Sierra Leonean Personal Accident and Health Insurance - Loss Ratio (%), 2008-2012
Figure 51: Sierra Leonean Personal Accident and Health Insurance - Loss Ratio (%), 2012-2017
Figure 52: Sierra Leonean Personal Accident and Health Insurance - Combined Ratio (%), 2008-2012
Figure 53: Sierra Leonean Personal Accident and Health Insurance - Combined Ratio (%), 2012-2017
Figure 54: Sierra Leonean Personal Accident and Health Insurance - Total Assets (SLL Billion), 2008-2012
Figure 55: Sierra Leonean Personal Accident and Health Insurance - Total Assets (SLL Billion), 2012-2017
Figure 56: Sierra Leonean Personal Accident and Health Insurance - Total Investment Income (SLL Billion), 2008-2012
Figure 57: Sierra Leonean Personal Accident and Health Insurance - Total Investment Income (SLL Billion), 2012-2017
Figure 58: Sierra Leonean Personal Accident and Health Insurance - Retentions (SLL Billion), 2008-2012
Figure 59: Sierra Leonean Personal Accident and Health Insurance - Retentions (US$ Million), 2012-2017
Figure 60: Sierra Leonean Personal Accident and Health Insurance - Investment (SLL Billion), 2008-2012
Figure 61: Sierra Leonean Personal Accident and Health Insurance Penetration (% of GDP), 2008-2012
Figure 62: Sierra Leonean Personal Accident and Health Insurance - Premium per Capita (SLL), 2008-2012
Figure 63: Sierra Leonean Reinsurance Ceded by Insurance Segment (SLL Billion), 2008-2017
Figure 64: Sierra Leonean Reinsurance Industry Dynamics by Insurance Segment, 2008-2017
Figure 65: Sierra Leonean Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Figure 66: Sierra Leonean Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Figure 67: Sierra Leonean Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Figure 68: Sierra Leonean Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Figure 69: Sierra Leonean Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Figure 70: Sierra Leonean Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Figure 71: Sierra Leonean GDP at Constant Prices (US$ Billion), 2007-2011
Figure 72: Sierra Leonean GDP per Capita at Constant Prices (US$), 2007-2011
Figure 73: Sierra Leonean GDP at Current Prices (US$ Billion), 2007-2011
Figure 74: Sierra Leonean Construction Net Output at Current Prices (US$ Million), 2007-2011
Figure 75: Sierra Leonean Arable Land ( 000 hectares), 2007-2011
Figure 76: Sierra Leonean Exports (% of GDP), 2007-2011
Figure 77: Sierra Leone Number of Air Passengers (Million), 2007-2011
Figure 78: Sierra Leonean Healthcare Expenditure per Capita (US$), 2007-2011
Figure 79: Sierra Leonean Employed Population (Million), 2007-2011
Figure 80: Inflation Rate (%), 2007-2011
Figure 81: Sierra Leone Total Population (Million), 2007-2011

Upcoming Reports:

Completed Well Pad and Equipments Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2014 - 2020
By - Transparency Market Research
Well Pad is a platform that has been made for a drilling rig to work on a plot of land meant for crude oil and natural gas extraction. The producing well pad typically includes five types of equipments such as wellheads, separation unit, tanks, combustors and remote telemetry unit (RTU). There is a wellhead on the pad for every well drilled and many have multiple wells. The wellheads are made up of a metal housing of valves, seals and tubes at the surface which controls the extraction of oil and gas from the underground well. Wellhead also prevents any leaking of oil and gas out of the...
Human Embryonic Stem Cells Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
By - Transparency Market Research
Human embryonic stem cells (hESCs) are derived from blastocyst and are capable of differentiating into number of cell types that make up the human body. hESCs can replicate indefinitely and produce non-regenerative tissues such as neural and myocardial cells. These abilities of human embryonic stems cells allow them to be used as a tool in regenerative medicine and research. Because of their capacity for self-renewal, they can be used in treating a number of blood and genetic disorders related to the immune system, cancers, and disorders. Human embryonic stem cells are also used in...
Cyanoacrylate Adhesives Market - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast 2014 - 2020
By - Transparency Market Research
Cyanoacrylates are very often referred as super glue and is the most used and famous family of glues and adhesives that has applications in medical, industrial and household sector. These adhesives have a short shelf life, i.e. if the adhesive is opened it can last only for a month however, if unopened it can last for a year. Cyanoacrylate is the generic name for 2- octyl- Cyanoacrylate and ethyl-2- Cyanoacrylate. Industrial Cyanoacrylates are termed as instant adhesives, which have high strength that bond the unlike materials including metal, plastic and rubber among others. These...

Research Assistance

We will be happy to help you find what you need.
Please call us or write us:

866-997-4948 (Us-Canada Toll Free)
Tel: +1-518-618-1030
Email: sales@researchmoz.us
Select License type:

Share this report

Related News

Low Gas Prices Hurt Utahs Energy Industry
Dec 18, 2014  
Due to excessive petroleum on the global market, gas prices are heavily tumbling in several places of the world. This aspect could prove effective and great for consumers in most parts of the world, but it is not so for the Utah. The petroleum industry in Utah has a tough time with the state budget.  In Utah, the average gas prices have declined to around $2.64 a gallon. This has...
The 3 Dining Trend to Look Out For in 2015
Dec 17, 2014  
Dining is a vibrant, dynamic subject. You can never set down a list of definitive rules for it, and since it depends on our own fickle taste, it is always subject to drastic changes and welcoming to new trends. Here’s a list of dining trends that are on the cusp of becoming mainstream and will surely make that step up in the coming year. 1. Increasing Acceptance of Technology:...
Bolivian Air Force Receives the Super Puma Helicopters
Dec 16, 2014  
It was declared by the Airbus Helicopters that the Bolivian Air Force was the recipient of second of the six Airbus AS332 C1e Super Puma helicopters. The Super Pumas are generally used for several internal security missions and counter narcotics. The rest of the four helicopters will start operating from the year 2016. In late 2013, the light medium helicopters were purchased by the FAB for...
Leaked Emails Prove to be Challenging for Sony
Dec 15, 2014  
It has been revealed via leaked emails that there exists a cultural gulf between Sony Pictures Entertainment, the Hollywood subsidiary on the one hand and Japan’s Sony Corp on the other. This poses a major challenge to the CEO Kazuo Hirai to bring about positive changes in the loss making company under the One Sony slogan.  Over the past six years, this has been the fifth...
British Construction Firms to Hire More by 2015
Dec 10, 2014  
As per the latest survey carried out by Manpower, increasing workload in Britain’s construction industry is calling for rise in employment opportunities. It is expected that in the coming year, various construction firms will be on a hiring spree. Paucity of trained and skilled workers in U.K. based building firms has led to greater focus on hiring of Portuguese bricklayers at a wage...