The Insurance Industry in Namibia, Key Trends and Opportunities to 2022

Published by Global Data on 30th November 2018 | Ref: 1107256 | This Report Is In Stock

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$2465 | SAVE $435 | Site License
$3698 | SAVE $652 | Enterprise License

Introduction

The Insurance Industry in Namibia, Key Trends and Opportunities to 2022

Summary

GlobalData’s 'The Insurance Industry in Namibia, Key Trends and Opportunities to 2022' 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 and claims during the review period (2013-2017) and forecast period (2017-2022).

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 GlobalData’s 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.

Inside this report, we look at the top themes, its predictions and identify winners and losers.

This report provides in-depth market analysis, information and insights into the Namibian insurance industry, including -

- The Namibian insurance industry's growth prospects by segment and category

- A comprehensive overview of the Namibian economy and demographics

- Details of the competitive landscape in the Namibian insurance industry

- The various distribution channels in the Namibian insurance industry

- Details of regulatory policy applicable to the Namibian insurance industry

- Analysis of natural hazards in the Namibian insurance industry

Key Highlights

- On February 1, 2018, the Namibia Financial Institutions Supervisory Authority (NAMFISA) introduced an amendment which increased the limits for mandatory professional indemnity insurance.

- According to the NAMFISA Annual Report 2018, the number of life insurance intermediaries increased from 4,201 in 2016 to 4,998 in 2017, which comprised 4,385 agents and 613 brokers.

- As of 2017, the Namibian insurance industry comprised 16 life and general insurers and one reinsurer.

Scope

- This report provides a comprehensive analysis of the insurance industry in Namibia.

- It provides historical values for the Namibian insurance industry for the report’s 2013-2017 review period, and projected figures for the 2017-2022 forecast period.

- It offers a detailed analysis of the key segments in the Namibian insurance industry, with market forecasts to 2022.

- It covers an exhaustive list of parameters, including written premium and claims.

- It analyzes the various distribution channels in Namibia.

- It profiles the top insurance companies in Namibia, and outlines the key regulations affecting them.

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 industry's future.

Table of Contents

Table of Contents

1 Key Facts and Highlights

2 Executive Summary

3 Economy and Demographics

4 Industry Outlook

4.1 Industry Indicators

5 Life Insurance Outlook

5.1 Segment Indicators

6 General Insurance Outlook

6.1 Segment Indicators

7 Reinsurance Outlook

7.1 Premium Ceded

8 Distribution Channel Outlook

9 Natural and Man-Made Hazards

9.1 Flooding

9.2 Droughts

9.3 Exposure

10 Competitive Landscape

10.1 Company Profiles

11 Governance, Risk and Compliance

11.1 Legislation Overview and Historical Evolution

11.2 Latest Changes in Regulation

11.3 Legislation and Market Practice by Type of Insurance

11.4 Compulsory Insurance

11.5 Supervision and Control

11.6 Non-Admitted Insurance Regulations

11.7 Company Registration and Operations

11.8 Taxation

11.9 Legal System

12 Databook

12.1 Life Insurance

12.2 General Insurance

13 Definitions and Methodology

13.1 Definitions

13.2 Methodology

14 About GlobalData

14.1 Contact GlobalData

14.2 About GlobalData

14.3 GlobalData’s Services

14.4 Disclaimer

Additional Details

Publisher

Global Data

Publisher Information

Reference

1107256 | GDIS1804MR

Number of Pages

115

Report Format

PDF

This report is published by Global Data

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