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:

Poland: maize grain market
By - Williams and Marshal Strategy
This report presents a comprehensive overview of the maize market in Poland and its state as of January 2014. It provides detailed analysis of the industry, its dynamics and structure. The purpose of the report is to describe the state of the maize market in Poland, to present actual and retrospective information about the volumes and dynamics of production, imports, exports and consumption, the characteristics of the market for the period 2008-2012 and to build a forecast for the market development until 2018. In the same way, the report presents an elaborate overview of the main market...
Cryogenic Tanks Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019
By - Transparency Market Research
Cryogenic Tanks are used for the storage and transportation of fluids such as liquid nitrogen, liquefied natural gas, Liquid oxygen and liquid argon at very low temperatures. Cryogenic Tanks are segmented based on the type such as stationery cryogenic tanks and trailers cryogenic tanks. Stationery cryogenic tanks are utilized for the long term storage of liquefied gases such as oxygen, argon and nitrogen at atmospheric pressure. They are further classified as flat bottom tanks and elliptical bottom tanks. A stationary flat bottom tank comprises of two vessels, one which is placed inside...
Spinal Implants And Surgical Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast, 2012 - 2018
By - Transparency Market Research
Most of the spinal conditions/disorders do not need surgeries but there are times when they cannot be avoided. In such surgical processes, specially designed spinal instruments are used to correct deformities, strengthen and stabilize the spine and facilitate fusion. Most of the spinal implants are generally made of metals such as stainless steel or titanium-alloy, whereas some are made of non-metallic compounds. This market is expected to  have a  moderate growth rate primarily due to increase in aging population coupled with number of patients suffering from chronic back pain,...

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

Western Africa economies hit by Ebola travel ban
Aug 28, 2014  
With over 1,400 people dead due to the fatal Ebola outbreak in African countries, travel services have either banned or limited operations to the western region, severely hitting economies of the area. Budgetary resources are being utilized rapidly and economic growth has dropped by 4% as international projects and trips have been cancelled. Transport companies have cut off the region...
Fonterra Ties Up With Beingmate to Tap into China’s Baby Food Market
Aug 28, 2014  
Fonterra Co-Operative Group Ltd. will partner with Beingmate Group Co, China’s biggest infant formula manufacturer to increase its reach in the Chinese market. The New Zealand-based company makes this move with the intent to grab a bigger market share in China after it suffered many setbacks in the food-safety scandal last year.   This partnership will also help Beingmate...
Warren Buffet Helps Burger King with Tim Horton Deal
Aug 27, 2014  
Renowned investor Warren Buffet plans to finance Burger King Worldwide Inc.’s acquisition of Tim Hortons Inc., the Canadian coffee chain. Berkshire Hathaway Inc., Warren Buffet’s firm will invest through preferred shares, it is speculated. Nearly 25% of the deal’s financing would be handled by Berkshire. The precise aim for Warren Buffet’s participation is yet...
Anti-UAW Workers to Form Another Union at Volkswagen Plant
Aug 27, 2014  
Employees at the Chattanooga plant of Volkswagen AG are trying to form a union of company’s salaried and hourly workers, as a means to counter the United Auto Workers Local 42 union that was established last month.  The new union is expected to force Volkswagen in rethinking and holding another vote to determine which union is favored by hourly employees. UAV had earlier...
Fairchild Axing 15% of its Workforce with Multiple Plant Closures
Aug 27, 2014  
American semiconductor manufacturer Fairchild has said that it will be laying off nearly 15% of its global workforce following the closure of its facilities in Malaysia, Utah, and Korea. The company will cease the production of five-inch silicon from its plant in Bucheon, Korea. It will also scale down its capacity to produce six-inch wafers. The company will bring these closures into effect...