The Insurance Industry in Mauritius: Key Trends and Opportunities to 2022

Region:Africa

Author(s):

Product Code:GDIS1788MR

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Published on

October 2018

Total pages

158

Table of Content

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About the Report

About the Report

The Insurance Industry in Mauritius: Key Trends and Opportunities to 2022

Summary

GlobalData's "The Insurance Industry in Mauritius: Key Trends and Opportunities to 2022", report provides detailed analysis of the market trends, drivers and challenges in the Mauritian 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 Mauritian 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 Mauritian insurance industry, including-

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

- A comprehensive overview of the Mauritian economy and demographics

- Details of the competitive landscape in the Mauritian insurance industry

- The various distribution channels in the Mauritian insurance industry

- Details of regulatory policy applicable to the Mauritian insurance industry

- Analysis of natural hazards in the Mauritian insurance industry

Key Highlights

- As of June 30, 2017, one captive insurer and six captive insurance agents were authorized to operate in Mauritius.

- As of 2016, there were 68 Private Pension Fund Schemes offered in Mauritius, with seven licensed Pension Scheme Administrators.

- Effective from January 2016, however, were government provisions to allow a tax holiday for a period of 10 years to pure captive insurance companies established under the Captive Insurance Act 2015.

- In December 2016, the FSC introduced an interactive platform called OSP, which allows insurers to submit their insurance license application and upload all relevant supporting documents online.

- On July 25, 2015, in order to regulate the pension schemes, the FSC came out with the Private Pension Schemes Rules.

Scope

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

- It provides historical values for the Mauritian 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 Mauritian 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 Mauritius.

- It profiles the top insurance companies in Mauritius, 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 Mauritian insurance industry and each segment and category within it.

- Understand the demand-side dynamics, key market trends and growth opportunities in the Mauritian insurance industry.

- Assess the competitive dynamics in the Mauritian insurance industry.

- Identify the growth opportunities and market dynamics in key segments.

- Gain insights into key regulations governing the Mauritian insurance industry and their impact on companies and the industry's future.

Products

Products

Mauritian insurance industry, Life insurance, General insurance, Property insurance, Motor insurance, Liability insurance, Marine insurance, Personal accident and health insurance, Travel insurance, Health insurance, Reinsurance


Companies

Swan Insurance Co. Ltd

Mauritius Union Assurance Co. Ltd

Mauritian Eagle Insurance Co. Ltd

Sicom General Insurance Ltd

Phoenix Insurance (Mauritius) Ltd

The New India Assurance Co. Ltd

Jubilee Insurance (Mauritius) Ltd

Lamco International Insurance Ltd

G.F.A. Insurance Ltd

Sun Insurance Co. Ltd

Table of Contents

Table of Contents

Table of Contents

1 KEY FACTS AND HIGHLIGHTS 2

2 EXECUTIVE SUMMARY 3

3 ECONOMY AND DEMOGRAPHICS 14

4 INDUSTRY OUTLOOK 21

4.1 Industry Indicators 23

4.1.1 Gross written premium 23

4.1.2 Insurance density 24

4.1.3 Active policies 25

4.1.4 Paid claims 26

5 LIFE INSURANCE OUTLOOK 27

5.1 Segment Indicators 29

5.1.1 Gross written premium 29

5.1.2 Active policies 30

5.1.3 Paid claims 31

5.1.4 Penetration 32

5.1.5 Assets and investments 33

5.2 Pension Insurance 37

5.2.1 Gross written premium 37

5.2.2 Active policies 38

5.2.3 Penetration 39

6 GENERAL INSURANCE OUTLOOK 40

6.1 Segment Indicators 42

6.1.1 Gross written premium 42

6.1.2 Active policies 43

6.1.3 Paid claims 44

6.1.4 Penetration 45

6.1.5 Loss ratio 46

6.1.6 Assets and investments 47

6.2 Property Insurance 51

6.2.1 Gross written premium 51

6.2.2 Active policies 52

6.2.3 Penetration 53

6.2.4 Claims 54

6.2.5 Profitability 55

6.3 Motor Insurance 56

6.3.1 Gross written premium 56

6.3.2 Active policies 57

6.3.3 Penetration 58

6.3.4 Claims 59

6.3.5 Profitability 60

6.4 Liability Insurance 61

6.4.1 Gross written premium 61

6.4.2 Active policies 62

6.4.3 Penetration 63

6.4.4 Claims 64

6.4.5 Profitability 65

6.5 Financial Lines Insurance 66

6.5.1 Gross written premium 66

6.5.2 Active policies 67

6.5.3 Penetration 68

6.5.4 Claims 69

6.5.5 Profitability 70

6.6 Marine, Aviation and Transit Insurance 71

6.6.1 Gross written premium 71

6.6.2 Active policies 72

6.6.3 Penetration 73

6.6.4 Claims 74

6.6.5 Profitability 75

6.7 Personal Accident and Health Insurance 76

6.7.1 Gross written premium 76

6.7.2 Active policies 77

6.7.3 Penetration 78

6.7.4 Claims 79

6.7.5 Profitability 80

6.8 Miscellaneous 81

6.8.1 Gross written premium 81

6.8.2 Active policies 82

6.8.3 Penetration 83

6.8.4 Claims 84

6.8.5 Profitability 85

7 REINSURANCE OUTLOOK 86

7.1 Premium Ceded 86

8 DISTRIBUTION CHANNEL OUTLOOK 89

9 NATURAL AND MAN-MADE HAZARDS 90

9.1 Flooding 90

9.2 Cyclones 90

9.3 Exposure 91

10 COMPETITIVE LANDSCAPE 92

10.1 Company Profiles 96

10.1.1 Sicom Life Insurance Ltd-company overview 96

10.1.2 Swan Life Ltd-company overview 96

10.1.3 Swan Insurance Co. Ltd-company overview 97

10.1.4 Mauritius Union Assurance Co. Ltd-company overview 97

10.1.5 Mauritian Eagle Insurance Co. Ltd-company overview 97

11 GOVERNANCE, RISK AND COMPLIANCE 98

11.1 Legislation Overview and Historical Evolution 99

11.2 Latest Changes in Regulation 100

11.3 Legislation and Market Practice by Type of Insurance 105

11.3.1 Life insurance 106

11.3.2 Property insurance 108

11.3.3 Motor insurance 109

11.3.4 Liability insurance 111

11.3.5 Marine, aviation and transit insurance 111

11.3.6 Personal accident and health insurance 112

11.4 Compulsory Insurance 113

11.4.1 Motor third party liability insurance 113

11.4.2 Craft third-party liability insurance 113

11.4.3 Workmen's compensation 114

11.4.4 Marine oil pollution insurance 115

11.4.5 Professional indemnity insurance for brokers 116

11.5 Supervision and Control 117

11.5.1 International Association of Insurance Supervisors 117

11.5.2 African Insurance Organization 118

11.5.3 Committee of Insurance, Securities and Non-Banking Financial Authorities 118

11.5.4 Financial Services Commission 118

11.6 Non-Admitted Insurance Regulation 120

11.6.1 Overview 120

11.6.2 Intermediaries 121

11.6.3 Market practices 121

11.6.4 Fines and Penalties 121

11.7 Company Registration and Operations 122

11.7.1 Type of insurance organization 123

11.7.2 Establishing a local company 123

11.7.3 Foreign ownership 123

11.7.4 Types of license 124

11.7.5 Capital requirements 124

11.7.6 Solvency margin 125

11.7.7 Reserve requirements 128

11.7.8 Investment regulations 128

11.7.9 Statutory return requirements 129

11.7.10 Fee structure 130

11.8 Taxation 132

11.8.1 Insurance premium or policy taxation 132

11.8.2 Withholding taxes on premium paid overseas 132

11.8.3 Corporate tax 132

11.8.4 VAT 133

11.8.5 Captives 133

11.9 Legal System 134

11.9.1 Introduction 134

11.9.2 Access to court 134

11.9.3 Alternative dispute resolution 135

12 DATABOOK 136

12.1 Life Insurance 136

12.1.1 Policies and premium 136

12.1.2 Claims and expenses 137

12.1.3 Assets and investments 138

12.2 General Insurance 139

12.2.1 Policies and premium 139

12.2.2 Claims and expenses 140

12.2.3 Assets and investments 141

12.2.4 Property insurance 142

12.2.5 Property insurance by category 143

12.2.6 Motor insurance 144

12.2.7 Liability insurance 145

12.2.8 Financial lines insurance 146

12.2.9 Marine, aviation and transit insurance 147

12.2.10 Marine, aviation and transit insurance by category 148

12.2.11 Personal accident and health insurance 149

12.2.12 Personal accident and health insurance by category 150

12.2.13 Miscellaneous 151

13 DEFINITIONS AND METHODOLOGY 152

13.1 Definitions 152

13.2 Methodology 154

14 ABOUT GLOBALDATA 156

14.1 Contact GlobalData 156

14.2 About GlobalData 156

14.3 GlobalData's Services 157

14.4 Disclaimer 158


List of Figure

List of Figures

Figure 1: Mauritian Real GDP (MUR Billion), 2013-2022 15

Figure 2: Mauritian Exchange Rate (MUR per USD ), 2013-2022 16

Figure 3: Mauritian Consumer Price Inflation (%), 2013-2022 17

Figure 4: Mauritian Current Account Balance as Percentage of GDP (%), 2013-2022 18

Figure 5: Mauritian Unemployment Rate, 2013-2022 19

Figure 6: Mauritian Population by Age Group, 2013-2022 20

Figure 7: Mauritian Insurance Industry-Gross Written Premium (MUR Billion), 2013-2022 23

Figure 8: Mauritian Insurance Industry-Density (MUR), 2013-2022 24

Figure 9: Mauritian Insurance Industry-Number of Active Policies (Thousand), 2013-2022 25

Figure 10: Mauritian Insurance Industry-Paid Claims (MUR Billion), 2013-2022 26

Figure 11: Mauritian Life Insurance-Gross Written Premium (MUR Billion), 2013-2022 29

Figure 12: Mauritian Life Insurance-Number of Active Policies (Thousand), 2013-2022 30

Figure 13: Mauritian Life Insurance-Paid Claims (MUR Billion), 2013-2022 31

Figure 14: Mauritian Life Insurance-Penetration (%), 2013-2017 32

Figure 15: Mauritian Life Insurance-Penetration (%), 2017-2022 32

Figure 16: Mauritian Life Insurance-Total Assets (MUR Billion), 2013-2022 33

Figure 17: Mauritian Life Insurance-Total Investment Income (MUR Billion), 2013-2022 34

Figure 18: Mauritian Life Insurance-Investment Portfolio (MUR Billion), 2013-2022 36

Figure 19: Mauritian Life Insurance-Investment Portfolio Dynamics (MUR Billion), 2013-2022 36

Figure 20: Mauritian Pension-Gross Written Premium (MUR Billion), 2013-2022 37

Figure 21: Mauritian Pension-Number of Active Policies (Thousand), 2013-2022 38

Figure 22: Mauritian Pension-Penetration (%), 2013-2017 39

Figure 23: Mauritian Pension-Penetration (%), 2017-2022 39

Figure 24: Mauritian General Insurance-Gross Written Premium (MUR Billion), 2013-2022 42

Figure 25: Mauritian General Insurance-Number of Active Policies (Thousand), 2013-2022 43

Figure 26: Mauritian General Insurance-Paid Claims (MUR Billion), 2013-2022 44

Figure 27: Mauritian General Insurance-Penetration (%), 2013-2017 45

Figure 28: Mauritian General Insurance-Penetration (%), 2017-2022 45

Figure 29: Mauritian General Insurance-Loss Ratio (%), 2013-2017 46

Figure 30: Mauritian General Insurance-Loss Ratio (%), 2017-2022 46

Figure 31: Mauritian General Insurance-Total Assets (MUR Billion), 2013-2022 47

Figure 32: Mauritian General Insurance-Total Investment Income (MUR Billion), 2013-2022 48

Figure 33: Mauritian General Insurance-Investment Portfolio (MUR Billion), 2013-2022 50

Figure 34: Mauritian General Insurance-Investment Portfolio Dynamics (MUR Billion), 2013-2022 50

Figure 35: Mauritian Property Insurance-Gross Written Premium (MUR Billion), 2013-2022 51

Figure 36: Mauritian Property Insurance-Number of Active Policies (Thousand), 2013-2022 52

Figure 37: Mauritian Property Insurance-Penetration (%), 2013-2017 53

Figure 38: Mauritian Property Insurance-Penetration (%), 2017-2022 53

Figure 39: Mauritian Property Insurance-Paid Claims (MUR Million), 2013-2022 54

Figure 40: Mauritian Property Insurance-Earned Premium, Incurred Loss and Loss Ratio (MUR Billion and %), 2013-2022 55

Figure 41: Mauritian Motor Insurance-Gross Written Premium (MUR Billion), 2013-2022 56

Figure 42: Mauritian Motor Insurance-Number of Active Policies (Thousand), 2013-2022 57

Figure 43: Mauritian Motor Insurance-Penetration (%), 2013-2017 58

Figure 44: Mauritian Motor Insurance-Penetration (%), 2017-2022 58

Figure 45: Mauritian Motor Insurance-Paid Claims (MUR Billion), 2013-2022 59

Figure 46: Mauritian Motor Insurance-Earned Premium, Incurred Loss and Loss Ratio (MUR Billion and %), 2013-2022 60

Figure 47: Mauritian Liability Insurance-Gross Written Premium (MUR Billion), 2013-2022 61

Figure 48: Mauritian Liability Insurance-Number of Active Policies (Thousand), 2013-2022 62

Figure 49: Mauritian Liability Insurance-Penetration (%), 2013-2017 63

Figure 50: Mauritian Liability Insurance-Penetration (%), 2017-2022 63

Figure 51: Mauritian Liability Insurance-Paid Claims (MUR Million), 2013-2022 64

Figure 52: Mauritian Liability Insurance-Earned Premium, Incurred Loss and Loss Ratio (MUR Million and %), 2013-2022 65

Figure 53: Mauritian Financial Lines Insurance-Gross Written Premium (MUR Million), 2013-2022 66

Figure 54: Mauritian Financial Lines Insurance-Number of Active Policies (Thousand), 2013-2022 67

Figure 55: Mauritian Financial Lines Insurance-Penetration (%), 2013-2017 68

Figure 56: Mauritian Financial Lines Insurance-Penetration (%), 2017-2022 68

Figure 57: Mauritian Financial Lines Insurance-Paid Claims (MUR Million), 2013-2022 69

Figure 58: Mauritian Financial Lines Insurance-Earned Premium, Incurred Loss and Loss Ratio (MUR Million and %), 2013-2022 70

Figure 59: Mauritian Marine, Aviation and Transit Insurance-Gross Written Premium (MUR Billion), 2013-2022 71

Figure 60: Mauritian Marine, Aviation and Transit Insurance-Number of Active Policies (Thousand), 2013-2022 72

Figure 61: Mauritian Marine, Aviation and Transit Insurance-Penetration (%), 2013-2017 73

Figure 62: Mauritian Marine, Aviation and Transit Insurance-Penetration (%), 2017-2022 73

Figure 63: Mauritian Marine, Aviation and Transit Insurance-Paid Claims (MUR Million), 2013-2022 74

Figure 64: Mauritian Marine, Aviation and Transit Insurance-Earned Premium, Incurred Loss and Loss Ratio (MUR Billion and %), 2013-2022 75

Figure 65: Mauritian Personal Accident and Health Insurance-Gross Written Premium (MUR Billion), 2013-2022 76

Figure 66: Mauritian Personal Accident and Health Insurance-Number of Active Policies (Thousand), 2013-2022 77

Figure 67: Mauritian Personal Accident and Health Insurance-Penetration (%), 2013-2017 78

Figure 68: Mauritian Personal Accident and Health Insurance-Penetration (%), 2017-2022 78

Figure 69: Mauritian Personal Accident and Health Insurance-Paid Claims (MUR Billion), 2013-2022 79

Figure 70: Mauritian Personal Accident and Health Insurance-Earned Premium, Incurred Loss and Loss Ratio (MUR Billion and %), 2013-2022 80

Figure 71: Mauritian Miscellaneous-Gross Written Premium (MUR Billion), 2013-2022 81

Figure 72: Mauritian Miscellaneous-Number of Active Policies (Thousand), 2013-2022 82

Figure 73: Mauritian Miscellaneous-Penetration (%), 2013-2017 83

Figure 74: Mauritian Miscellaneous-Penetration (%), 2017-2022 83

Figure 75: Mauritian Miscellaneous-Paid Claims (MUR Million), 2013-2022 84

Figure 76: Mauritian Miscellaneous-Earned Premium, Incurred Loss and Loss Ratio (MUR Million and %), 2013-2022 85

Figure 77: Mauritian Reinsurance-Premium Ceded by Insurance Segment (MUR Billion), 2013-2022 87

Figure 78: Mauritian Life Insurance-Percentage of Reinsurance Ceded (%), 2013-2022 88

Figure 79: Mauritian General Insurance-Percentage of Reinsurance Ceded (%), 2013-2022 88

Figure 80: Mauritian Insurance Industry-Market Share of Leading Insurers (%), 2017 93

Figure 81: Mauritian Life Insurance Segment-Market Share of Leading Insurers (%), 2017 94

Figure 82: Mauritian General Insurance Segment-Market Share of Leading Insurers (%), 2017 95

Figure 83: Mauritius-Insurance Supervision and Control at Various Levels 117

Figure 84: Mauritius-Insurance Regulatory Frameworks for Company Registration and Operation 122


List of Table

List of Tables

Table 1: Mauritian Insurance Industry-Key Facts, 2017 2

Table 2: Mauritian Insurance Industry-Industry Shares of the Top Insurers, 2017 2

Table 3: Mauritian Government Credit Ratings 16

Table 4: Mauritian Insurance Industry-Gross Written Premium (MUR Billion and USD Million), 2013-2017 23

Table 5: Mauritian Insurance Industry-Gross Written Premium (MUR Billion and USD Million), 2017-2022 23

Table 6: Mauritian Insurance Industry-Density (MUR), 2013-2017 24

Table 7: Mauritian Insurance Industry-Density (MUR), 2017-2022 24

Table 8: Mauritian Insurance Industry-Number of Active Policies (Thousand), 2013-2017 25

Table 9: Mauritian Insurance Industry-Number of Active Policies (Thousand), 2017-2022 25

Table 10: Mauritian Insurance Industry-Paid Claims (MUR Billion and USD Million), 2013-2017 26

Table 11: Mauritian Insurance Industry-Paid Claims (MUR Billion and USD Million), 2017-2022 26

Table 12: Mauritian Life Insurance-Gross Written Premium (MUR Billion and USD Billion), 2013-2017 29

Table 13: Mauritian Life Insurance-Gross Written Premium (MUR Billion and USD Million), 2017-2022 29

Table 14: Mauritian Life Insurance-Number of Active Policies (Thousand), 2013-2017 30

Table 15: Mauritian Life Insurance-Number of Active Policies (Thousand), 2017-2022 30

Table 16: Mauritian Life Insurance-Paid Claims (MUR Billion and USD Million), 2013-2017 31

Table 17: Mauritian Life Insurance-Paid Claims (MUR Billion and USD Million), 2017-2022 31

Table 18: Mauritian Life Insurance-Total Assets (MUR Billion and USD Billion), 2013-2017 33

Table 19: Mauritian Life Insurance-Total Assets (MUR Billion and USD Billion), 2017-2022 33

Table 20: Mauritian Life Insurance-Total Investment Income (MUR Billion and USD Million), 2013-2017 34

Table 21: Mauritian Life Insurance-Total Investment Income (MUR Billion and USD Million), 2017-2022 34

Table 22: Mauritian Life Insurance-Investment Portfolio (MUR Billion), 2013-2017 35

Table 23: Mauritian Life Insurance-Investment Portfolio (MUR Billion), 2017-2022 35

Table 24: Mauritian Pension-Gross Written Premium (MUR Billion and USD Million), 2013-2017 37

Table 25: Mauritian Pension-Gross Written Premium (MUR Billion and USD Million), 2017-2022 37

Table 26: Mauritian Pension-Number of Active Policies (Thousand), 2013-2017 38

Table 27: Mauritian Pension-Number of Active Policies (Thousand), 2017-2022 38

Table 28: Mauritian General Insurance-Gross Written Premium (MUR Billion and USD Billion), 2013-2017 42

Table 29: Mauritian General Insurance-Gross Written Premium (MUR Billion and USD Million), 2017-2022 42

Table 30: Mauritian General Insurance-Number of Active Policies (Thousand), 2013-2017 43

Table 31: Mauritian General Insurance-Number of Active Policies (Thousand), 2017-2022 43

Table 32: Mauritian General Insurance-Paid Claims (MUR Billion and USD Million), 2013-2017 44

Table 33: Mauritian General Insurance-Paid Claims (MUR Billion and USD Million), 2017-2022 44

Table 34: Mauritian General Insurance-Total Assets (MUR Billion and USD Million), 2013-2017 47

Table 35: Mauritian General Insurance-Total Assets (MUR Billion and USD Million), 2017-2022 47

Table 36: Mauritian General Insurance-Total Investment Income (MUR Billion and USD Billion), 2013-2017 48

Table 37: Mauritian General Insurance-Total Investment Income (MUR Billion and USD Billion), 2017-2022 48

Table 38: Mauritian General Insurance-Investment Portfolio (MUR Billion), 2013-2017 49

Table 39: Mauritian General Insurance-Investment Portfolio (MUR Billion), 2017-2022 49

Table 40: Mauritian Property Insurance-Gross Written Premium (MUR Billion and USD Million), 2013-2017 51

Table 41: Mauritian Property Insurance-Gross Written Premium (MUR Billion and USD Million), 2017-2022 51

Table 42: Mauritian Property Insurance-Number of Active Policies (Thousand), 2013-2017 52

Table 43: Mauritian Property Insurance-Number of Active Policies (Thousand), 2017-2022 52

Table 44: Mauritian Property Insurance-Paid Claims (MUR Million and USD Million), 2013-2017 54

Table 45: Mauritian Property Insurance-Paid Claims (MUR Million and USD Million), 2017-2022 54

Table 46: Mauritian Property Insurance-Loss Ratio (%), 2013-2017 55

Table 47: Mauritian Property Insurance-Loss Ratio (%), 2017-2022 55

Table 48: Mauritian Motor Insurance-Gross Written Premium (MUR Billion and USD Million), 2013-2017 56

Table 49: Mauritian Motor Insurance-Gross Written Premium (MUR Billion and USD Million), 2017-2022 56

Table 50: Mauritian Motor Insurance-Number of Active Policies (Thousand), 2013-2017 57

Table 51: Mauritian Motor Insurance-Number of Active Policies (Thousand), 2017-2022 57

Table 52: Mauritian Motor Insurance-Paid Claims (MUR Billion and USD Million),2013-2017 59

Table 53: Mauritian Motor Insurance-Paid Claims (MUR Billion and USD Million), 2017-2022 59

Table 54: Mauritian Motor Insurance-Loss Ratio (%), 2013-2017 60

Table 55: Mauritian Motor Insurance-Loss Ratio (%), 2017-2022 60

Table 56: Mauritian Liability Insurance-Gross Written Premium (MUR Million and USD Million), 2013-2017 61

Table 57: Mauritian Liability Insurance-Gross Written Premium (MUR Million and USD Million), 2017-2022 61

Table 58: Mauritian Liability Insurance-Number of Active Policies (Thousand), 2013-2017 62

Table 59: Mauritian Liability Insurance-Number of Active Policies (Thousand), 2017-2022 62

Table 60: Mauritian Liability Insurance-Paid Claims (MUR Million and USD Million),2013-2017 64

Table 61: Mauritian Liability Insurance-Paid Claims (MUR Million and USD Million), 2017-2022 64

Table 62: Mauritian Liability Insurance-Loss Ratio (%), 2013-2017 65

Table 63: Mauritian Liability Insurance-Loss Ratio (%), 2017-2022 65

Table 64: Mauritian Financial Lines Insurance-Gross Written Premium (MUR Million and USD Million), 2013-2017 66

Table 65: Mauritian Financial Lines Insurance-Gross Written Premium (MUR Million and USD Million), 2017-2022 66

Table 66: Mauritian Financial Lines Insurance-Number of Active Policies (Thousand), 2013-2017 67

Table 67: Mauritian Financial Lines Insurance-Number of Active Policies (Thousand), 2017-2022 67

Table 68: Mauritian Financial Lines Insurance-Paid Claims (MUR Million and USD ),2013-2017 69

Table 69: Mauritian Financial Lines Insurance-Paid Claims (MUR Million and USD ), 2017-2022 69

Table 70: Mauritian Financial Lines Insurance-Loss Ratio (%), 2013-2017 70

Table 71: Mauritian Financial Lines Insurance-Loss Ratio (%), 2017-2022 70

Table 72: Mauritian Marine, Aviation and Transit Insurance-Gross Written Premium (MUR Million and USD Million), 2013-2017 71

Table 73: Mauritian Marine, Aviation and Transit Insurance-Gross Written Premium (MUR Million and USD Million), 2017-2022 71

Table 74: Mauritian Marine, Aviation and Transit Insurance-Number of Active Policies (Thousand), 2013-2017 72

Table 75: Mauritian Marine, Aviation and Transit Insurance-Number of Active Policies (Thousand), 2017-2022 72

Table 76: Mauritian Marine, Aviation and Transit Insurance-Paid Claims (MUR Million and USD Million),2013-2017 74

Table 77: Mauritian Marine, Aviation and Transit Insurance-Paid Claims (MUR Million and USD Million), 2017-2022 74

Table 78: Mauritian Marine, Aviation and Transit Insurance-Loss Ratio (%), 2013-2017 75

Table 79: Mauritian Marine, Aviation and Transit Insurance-Loss Ratio (%), 2017-2022 75

Table 80: Mauritian Personal Accident and Health Insurance-Gross Written Premium (MUR Billion and USD Million), 2013-2017 76

Table 81: Mauritian Personal Accident and Health Insurance-Gross Written Premium (MUR Billion and USD Million), 2017-2022 76

Table 82: Mauritian Personal Accident and Health Insurance-Number of Active Policies (Thousand), 2013-2017 77

Table 83: Mauritian Personal Accident and Health Insurance-Number of Active Policies (Thousand), 2017-2022 77

Table 84: Mauritian Personal Accident and Health Insurance-Paid Claims (MUR Billion and USD Billion),2013-2017 79

Table 85: Mauritian Personal Accident and Health Insurance-Paid Claims (MUR Billion and USD Billion), 2017-2022 79

Table 86: Mauritian Personal Accident and Health Insurance-Loss Ratio (%), 2013-2017 80

Table 87: Mauritian Personal Accident and Health Insurance-Loss Ratio (%), 2017-2022 80

Table 88: Mauritian Miscellaneous-Gross Written Premium (MUR Million and USD million), 2013-2017 81

Table 89: Mauritian Miscellaneous-Gross Written Premium (MUR Million and USD Million), 2017-2022 81

Table 90: Mauritian Miscellaneous-Number of Active Policies (Thousand), 2013-2017 82

Table 91: Mauritian Miscellaneous-Number of Active Policies (Thousand), 2017-2022 82

Table 92: Mauritian Miscellaneous-Paid Claims (MUR Million and USD Million),2013-2017 84

Table 93: Mauritian Miscellaneous-Paid Claims (MUR Million and USD Million), 2017-2022 84

Table 94: Mauritian Miscellaneous-Loss Ratio (%), 2013-2017 85

Table 95: Mauritian Miscellaneous-Loss Ratio (%), 2017-2022 85

Table 96: Mauritian Reinsurance-Premium Ceded by Insurance Segment (MUR Billion), 2013-2017 86

Table 97: Mauritian Reinsurance-Premium Ceded by Insurance Segment (MUR Billion), 2017-2022 86

Table 98: Mauritian Insurance Industry-Market Share of Leading Insurers (%), 2017 93

Table 99: Mauritian Life Insurance Segment-Market Share of Leading Insurers (%), 2017 94

Table 100: Mauritian General Insurance Segment-Market Share of Leading Insurers (%), 2017 95

Table 101: Sicom Life Insurance Ltd-Key Facts 96

Table 102: Swan Life Ltd-Key Facts 96

Table 103: Swan Insurance Co. Ltd-Key Facts 97

Table 104: Mauritius Union Assurance Co. Ltd-Key Facts 97

Table 105: Mauritian Eagle Insurance Co. Ltd-Key Facts 97

Table 106: Mauritius-Insurance Regulatory Framework Key Features 98

Table 107: Mauritius-Life Insurance Regulatory Framework 106

Table 108: Mauritius-Property Insurance Regulatory Framework 108

Table 109: Mauritius-Motor Insurance Regulatory Framework 109

Table 110: Mauritius-Contribution to Hit and Run Sub-fund 110

Table 111: Mauritius-Liability Insurance Regulatory Framework 111

Table 112: Mauritius-Capital Requirement for Captive Insurance Companies 125

Table 113: Mauritius-Fee for Carrying on Insurance Business 130

Table 114: Mauritius-Fee for Insurance Intermediaries 130

Table 115: Mauritius-Corporate Tax Rates for the Financial Year 2018 132

Table 116: Mauritian Life Insurance-Policies and Premium, 2013-2017 136

Table 117: Mauritian Life Insurance-Policies and Premium, 2017-2022 136

Table 118: Mauritian Life Insurance-Claims and Expenses, 2013-2017 137

Table 119: Mauritian Life Insurance-Claims and Expenses, 2017-2022 137

Table 120: Mauritian Life Insurance-Assets and Investments, 2013-2017 138

Table 121: Mauritian Life Insurance-Assets and Investments, 2017-2022 138

Table 122: Mauritian General Insurance-Policies and Premium, 2013-2017 139

Table 123: Mauritian General Insurance-Policies and Premium, 2017-2022 139

Table 124: Mauritian General Insurance-Claims and Expenses, 2013-2017 140

Table 125: Mauritian General Insurance-Claims and Expenses, 2017-2022 140

Table 126: Mauritian General Insurance-Assets and Investments, 2013-2017 141

Table 127: Mauritian General Insurance-Assets and Investments, 2017-2022 141

Table 128: Mauritian General Insurance-Property Insurance, 2013-2017 142

Table 129: Mauritian General Insurance-Property Insurance, 2017-2022 142

Table 130: Mauritian General Insurance-Property Insurance by Category, 2013-2017 143

Table 131: Mauritian General Insurance-Property Insurance by Category, 2017-2022 143

Table 132: Mauritian General Insurance-Motor Insurance, 2013-2017 144

Table 133: Mauritian General Insurance-Motor Insurance, 2017-2022 144

Table 134: Mauritian General Insurance-Liability Insurance, 2013-2017 145

Table 135: Mauritian General Insurance-Liability Insurance, 2017-2022 145

Table 136: Mauritian General Insurance-Financial Lines Insurance, 2013-2017 146

Table 137: Mauritian General Insurance-Financial Lines Insurance, 2017-2022 146

Table 138: Mauritian General Insurance-Marine, Aviation and Transit Insurance, 2013-2017 147

Table 139: Mauritian General Insurance-Marine, Aviation and Transit Insurance, 2017-2022 147

Table 140: Mauritian General Insurance-Marine Aviation and Transit Insurance by Category, 2013-2017 148

Table 141: Mauritian General Insurance-Marine Aviation and Transit Insurance by Category, 2017-2022 148

Table 142: Mauritian General Insurance-Personal Accident and Health Insurance, 2013-2017 149

Table 143: Mauritian General Insurance-Personal Accident and Health Insurance, 2017-2022 149

Table 144: Mauritian General Insurance-Personal Accident and Health Insurance by Category, 2013-2017 150

Table 145: Mauritian General Insurance-Personal Accident and Health Insurance by Category, 2017-2022 150

Table 146: Mauritian General Insurance-Miscellaneous, 2013-2017 151

Table 147: Mauritian General Insurance-Miscellaneous, 2017-2022 151

Table 148: Insurance Industry Definitions 152

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