The Insurance Industry in Namibia, Key Trends andOpportunities to 2016Report Details:Published:November 2012No. of Pages: ...
Reasons To Buy• Make strategic business decisions using in depth historic and forecast market data related in theNamibian ...
4.2.2 Motor insurance category4.2.3 Liability insurance category4.2.4 Marine, aviation and transit insurance4.3 Personal A...
Table 10: Namibian Life Insurance – Incurred Loss (NAD Billion), 2011–2016Table 11: Namibian Life Insurance – Loss Ratio (...
Table 49: Namibian Personal Accident and Health Insurance – Paid Claims (NAD Billion),2011–2016Table 50: Namibian Personal...
List of FiguresFigure 1: Namibian Insurance – Overall Written Premium by Segment (NAD Billion), 2007–2016Figure 2: Namibia...
Figure 40: Namibian Property Insurance – Written Premium (NAD Billion), 2007–2011Figure 41: Namibian Property Insurance – ...
Figure 67: Namibian Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011Figure 68: Namibian Life Insurance – Pe...
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The Insurance Industry in Namibia, Key Trends and Opportunities to 2016

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The Insurance Industry in Namibia, Key Trends and Opportunities to 2016

  1. 1. The Insurance Industry in Namibia, Key Trends andOpportunities to 2016Report Details:Published:November 2012No. of Pages: 115Price: Single User License – US$1950SynopsisThe report provides in depth market analysis, information and insights into the insurance market inNamibia, including:• The Namibian insurance market’s growth prospects by insurance segments and sub-segments• The competitive landscape in the Namibian insurance market• The current trends and drivers of the Namibian insurance market• The challenges facing the Namibian insurance market• The regulatory framework of the Namibian insurance marketSummaryThe Namibian insurance industry grew in written premium value at a compound annual growthrate (CAGR) of 13.1% during the review period. The Namibian insurance industry is dominated bythe life segment, which accounted for 70.2% of overall gross written premiums in 2011. Theoverall Namibian insurance industry is highly concentrated, with 17 insurers and one reinsureroperating in 2011. The life segment is highly concentrated, with the top five companies accountingfor 87% of the overall net written premium in 2010. In the Namibian insurance industry, there areno effective distribution channels which can help to expand the non-life segment business moreefficiently.ScopeThis report provides a comprehensive analysis of the insurance market in Namibia:• It provides historical values for the Namibian insurance market for the report’s 2007–2011 reviewperiod and forecast figures for the 2012–2016 forecast period• It offers a detailed analysis of the key segments and sub-segments in the Namibian insurancemarket, along with market forecasts until 2016• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio,commissions and expenses, combined ratio, total assets, total investment income and retentions• It profiles the top insurance companies in Namibia and outlines the key regulations affectingthem
  2. 2. Reasons To Buy• Make strategic business decisions using in depth historic and forecast market data related in theNamibian insurance industry and each segment within it• Understand the demand-side dynamics, key market trends and growth opportunities within theNamibian insurance market• Assess the competitive dynamics in the Namibian insurance market• Identify the growth opportunities and market dynamics within key segments• Gain insights into key regulations governing the Namibian insurance market and its impact oncompanies and the industrys futureKey Highlights• The Namibian insurance industry grew in written premium value at a compound annual growthrate (CAGR) of 13.1% during the review period.• The Namibian insurance industry is dominated by the life segment, which accounted for 70.2% ofoverall gross written premiums in 2011.• The overall Namibian insurance industry is highly concentrated, with 17 insurers and onereinsurer operating in 2011.• The life segment is highly concentrated, with the top five companies accounting for 87% of theoverall net written premium in 2010.• In the Namibian insurance industry, there are no effective distribution channels which can help toexpand the non-life segment business more efficiently.Get your copy of this report @http://www.reportsnreports.com/reports/206252-the-insurance-industry-in-namibia-key-trends-and-opportunities-to-2016.htmlMajor points covered in Table of Contents of this report includeTable of Contents1 Executive Summary2 Introduction2.1 What is this Report About?2.2 Definitions2.3 Methodology3 Namibian Insurance Industry Overview3.1 Industry Overview3.2 Namibian Insurance Industry – Market Size, 2007–20163.3 Key Industry Trends and Drivers3.4 Challenges3.5 Regulation4 Market Segmentation4.1 Life Insurance Growth Prospects4.2 Non-Life Insurance Growth Prospects by Category4.2.1 Property insurance category
  3. 3. 4.2.2 Motor insurance category4.2.3 Liability insurance category4.2.4 Marine, aviation and transit insurance4.3 Personal Accident and Health Insurance Growth Prospects by Category4.4 Reinsurance Market Size by Insurance Segment, 2007–20165 Competitive Landscape5.1 Overview5.2 Leading Companies5.2.1 Outsurance Namibia – company overview5.2.2 Old Mutual Life Assurance Company (Namibia) Ltd – company overview5.2.3 Welwitschia Nammic Insurance Brokers – company overview6 Macroeconomic Indicators6.1 GDP at constant prices (US$)6.2 GDP per Capita at Constant Prices (US$)6.3 GDP at Current Prices (US$)6.4 Total Population6.5 Construction Output at Current Prices (US$ Billion)6.6 Construction Output as a Percentage of GDP6.7 Arable Land6.8 Imports as a Percentage of GDP6.9 Exports as a Percentage of GDP6.1 Number of Air Passengers6.11 Healthcare Expenditure per Capita6.12 Healthcare Expenditure as a Percentage of GDP6.13 Annual Disposable Income6.14 Annual Disposable Income per Capita7 Appendix7.1 Methodology7.2 Contact Us7.3 About Timetric7.4 DisclaimerList of TablesTable 1: Insurance Industry DefinitionsTable 2: Namibian Insurance – Overall Written Premium by Segment (NAD Billion), 2007–2011Table 3: Namibian Insurance – Overall Written Premium by Segment (US$ Billion), 2007–2011Table 4: Namibian Insurance – Overall Written Premium by Segment (NAD Billion), 2011–2016Table 5: Namibian Insurance – Overall Written Premium by Segment (US$ Billion), 2011–2016Table 6: Namibian Insurance – Segmentation (% Share), 2007–2016Table 7: Namibian Life Insurance – Paid Claims (NAD Billion), 2007–2011Table 8: Namibian Life Insurance – Paid Claims (NAD Billion), 2011–2016Table 9: Namibian Life Insurance – Incurred Loss (NAD Billion), 2007–2011
  4. 4. Table 10: Namibian Life Insurance – Incurred Loss (NAD Billion), 2011–2016Table 11: Namibian Life Insurance – Loss Ratio (%), 2007–2011Table 12: Namibian Life Insurance – Loss Ratio (%), 2011–2016Table 13: Namibian Life Insurance – Combined Ratio (%), 2007–2011Table 14: Namibian Life Insurance – Combined Ratio (%), 2011–2016Table 15: Namibian Life Insurance – Total Assets (NAD Billion), 2007–2011Table 16: Namibian Life Insurance – Total Assets (NAD Billion), 2011–2016Table 17: Namibian Life Insurance – Total Investment Income (NAD Billion), 2007–2011Table 18: Namibian Life Insurance – Total Investment Income (NAD Billion), 2011–2016Table 19: Namibian Life Insurance – Retentions (NAD Billion), 2007–2011Table 20: Namibian Life Insurance – Retentions (NAD Billion), 2011–2016Table 21: Namibian Life Insurance – Investment (NAD Billion), 2007–2011Table 22: Namibian Non-Life Insurance – Written Premium by Category (NAD Billion), 2007–2011Table 23: Namibian Non-Life Insurance – Written Premium by Category (US$ Billion), 2007–2011Table 24: Namibian Non-Life Insurance – Written Premium by Category (NAD Billion), 2011–2016Table 25: Namibian Non-Life Insurance – Written Premium by Category (US$ Billion), 2011–2016Table 26: Namibian Non-Life Insurance – Paid Claims (NAD Billion), 2007–2011Table 27: Namibian Non-Life Insurance – Paid Claim (NAD Billion), 2011–2016Table 28: Namibian Non-Life Insurance – Incurred Loss (NAD Billion), 2007–2011Table 29: Namibian Non-Life Insurance – Incurred Loss (NAD Billion), 2011–2016Table 30: Namibian Non-Life Insurance – Loss Ratio (%), 2007–2011Table 31: Namibian Non-Life Insurance – Loss Ratio (%), 2011–2016Table 32: Namibian Non-Life Insurance – Combined Ratio (%), 2007–2011Table 33: Namibian Non-Life Insurance – Combined Ratio (%), 2011–2016Table 34: Namibian Non-Life Insurance – Total Assets (NAD Billion), 2007–2011Table 35: Namibian Non-Life Insurance – Total Assets (NAD Billion), 2011–2016Table 36: Namibian Non-Life Insurance – Total Investment Income (NAD Billion), 2007–2011Table 37: Namibian Non-Life Insurance – Total Investment Income (NAD Billion), 2011–2016Table 38: Namibian Non-Life Insurance – Retentions (NAD Billion), 2007–2011Table 39: Namibian Non-Life Insurance – Retentions (NAD Billion), 2011–2016Table 40: Namibian Property Insurance – Written Premium (NAD Billion), 2007–2011Table 41: Namibian Property Insurance – Written Premium (NAD Billion), 2011–2016Table 42: Namibian Motor Insurance – Written Premium (NAD Billion), 2007–2011Table 43: Namibian Motor Insurance – Written Premium (NAD Billion), 2011–2016Table 44: Namibian Liability Insurance – Written Premium (NAD Billion), 2007–2011Table 45: Namibian Liability Insurance – Written Premium (NAD Billion), 2011–2016Table 46: Namibian Marine, Aviation and Transit Insurance – Written Premium (NAD Billion),2007–2011Table 47: Namibian Marine, Aviation and Transit Insurance – Written Premium (NAD Billion),2011–2016Table 48: Namibian Personal Accident and Health Insurance – Paid Claims (NAD Billion),2007–2011
  5. 5. Table 49: Namibian Personal Accident and Health Insurance – Paid Claims (NAD Billion),2011–2016Table 50: Namibian Personal Accident and Health Insurance – Incurred Loss (NAD Billion),2007–2011Table 51: Namibian Personal Accident and Health Insurance – Incurred Loss (NAD Billion),2011–2016Table 52: Namibian Personal Accident and Health Insurance – Loss Ratio (%), 2007–2011Table 53: Namibian Personal Accident and Health Insurance – Loss Ratio (%), 2011–2016Table 54: Namibian Personal Accident and Health Insurance – Combined Ratio (%), 2007–2011Table 55: Namibian Personal Accident and Health Insurance – Combined Ratio (%), 2011–2016Table 56: Namibian Personal Accident and Health Insurance – Total Assets (NAD Billion),2007–2011Table 57: Namibian Personal Accident and Health Insurance – Total Assets (NAD Billion),2011–2016Table 58: Namibian Personal Accident and Health Insurance – Total Investment Income (NADBillion), 2007–2011Table 59: Namibian Personal Accident and Health Insurance – Total Investment Income (NADBillion), 2011–2016Table 60: Namibian Personal Accident and Health Insurance – Retentions (NAD Billion),2007–2011Table 61: Namibian Personal Accident and Health Insurance – Retentions (NAD Billion),2011–2016Table 62: Namibian Reinsurance Ceded by Insurance Segment (NAD Billion), 2007–2011Table 63: Namibian Reinsurance Ceded by Insurance Segment (US$ Billion), 2007–2011Table 64: Namibian Reinsurance Ceded by Insurance Segment (NAD Billion), 2011–2016Table 65: Namibian Reinsurance Ceded by Insurance Segment (US$ Billion), 2011–2016Table 66: Namibian Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011Table 67: Namibian Life Insurance – Percentage of Reinsurance Ceded (%),2011–2016Table 68: Namibian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011Table 69: Namibian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016Table 70: Namibian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded(%), 2007–2011Table 71: Namibian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded(%), 2011–2016Table 72: Namibian Insurance – Market Shares (%), 2010Table 73: Outsurance Namibia, Main ProductsTable 74: Outsurance Namibia, Key EmployeesTable 75: Old Mutual Life Assurance Company (Namibia) Ltd, Main ProductsTable 76: Old Mutual Life Assurance Company (Namibia) Ltd, Key EmployeesTable 77: Welwitschia Nammic Insurance Brokers, Main ProductsTable 78: Welwitschia Nammic Insurance Brokers, Key Employees
  6. 6. List of FiguresFigure 1: Namibian Insurance – Overall Written Premium by Segment (NAD Billion), 2007–2016Figure 2: Namibian Insurance – Dynamics by Segment, 2007–2016Figure 3: Namibian Life Insurance – Paid Claims (NAD Billion), 2007–2011Figure 4: Namibian Life Insurance – Paid Claims (NAD Billion), 2011–2016Figure 5: Namibian Life Insurance – Incurred Loss (NAD Billion), 2007–2011Figure 6: Namibian Life Insurance – Incurred Loss (NAD Billion), 2011–2016Figure 7: Namibian Life Insurance – Loss Ratio (%), 2007–2011Figure 8: Namibian Life Insurance – Loss Ratio (%), 2011–2016Figure 9: Namibian Life Insurance – Combined Ratio (%), 2007–2011Figure 10: Namibian Life Insurance – Combined Ratio (%), 2011–2016Figure 11: Namibian Life Insurance – Total Assets (NAD Billion), 2007–2011Figure 12: Namibian Life Insurance – Total Assets (NAD Billion), 2011–2016Figure 13: Namibian Life Insurance – Total Investment Income (NAD Billion), 2007–2011Figure 14: Namibian Life Insurance – Total Investment Income (NAD Billion), 2011–2016Figure 15: Namibian Life Insurance – Retentions (NAD Billion), 2007–2011Figure 16: Namibian Life Insurance – Retentions (NAD Billion), 2011–2016Figure 17: Namibian Life Insurance – Investment (NAD Billion), 2007–2011Figure 18: Namibian Life Insurance – Penetration (% of GDP), 2007–2011Figure 19: Namibian Life Insurance – Premium Per Capita (NAD), 2007–2011Figure 20: Namibian Non-Life Insurance – Written Premium by Category (NAD Billion), 2007–2016Figure 21: Namibian Non-Life Insurance – Written Premium by Category (% Share), 2011 and2016Figure 22: Namibian Non-Life Insurance – Market Dynamics by Category, 2007–2016Figure 23: Namibian Non-Life Insurance – Paid Claims by Category (NAD Billion), 2007–2011Figure 24: Namibian Non-Life Insurance – Paid Claims (NAD Billion), 2011–2016Figure 25: Namibian Non-Life Insurance – Incurred Loss (NAD Billion), 2007–2011Figure 26: Namibian Non-Life Insurance – Incurred Loss (NAD Billion), 2007–2016Figure 27: Namibian Non-Life Insurance – Loss Ratio (%), 2007–2011Figure 28: Namibian Non-Life Insurance – Loss Ratio (%), 2011–2016Figure 29: Namibian Non-Life Insurance – Combined Ratio (%), 2007–2011Figure 30: Namibian Non-Life Insurance – Combined Ratio (%), 2011–2016Figure 31: Namibian Non-Life Insurance – Total Assets (NAD Billion), 2007–2011Figure 32: Namibian Non-Life Insurance – Total Assets (NAD Billion), 2011–2016Figure 33: Namibian Non-Life Insurance – Total Investment Income (NAD Billion), 2007–2011Figure 34: Namibian Non-Life Insurance – Total Investment Income (NAD Billion), 2011–2016Figure 35: Namibian Non-Life Insurance – Retentions (NAD Billion), 2007–2011Figure 36: Namibian Non-Life Insurance – Retentions (US$ Billion), 2011–2016Figure 37: Namibian Non-Life Insurance – Investment (NAD Billion), 2007–2011Figure 38: Namibian Non-Life Insurance – Penetration (% of GDP), 2007–2011Figure 39: Namibian Non-Life Insurance – Premium Per Capita (NAD), 2007–2011
  7. 7. Figure 40: Namibian Property Insurance – Written Premium (NAD Billion), 2007–2011Figure 41: Namibian Property Insurance – Written Premium (NAD Billion), 2011–2016Figure 42: Namibian Motor Insurance – Written Premium (NAD Billion), 2007–2011Figure 43: Namibian Motor Insurance – Written Premium (NAD Billion), 2011–2016Figure 44: Namibian Liability Insurance – Written Premium (NAD Billion), 2007–2011Figure 45: Namibian Liability Insurance – Written Premium (NAD Billion), 2011–2016Figure 46: Namibian Marine, Aviation and Transit Insurance – Written Premium (NAD Billion),2007–2011Figure 47: Namibian Marine, Aviation and Transit Insurance – Written Premium (NAD Billion),2011–2016Figure 48: Namibian Personal Accident and Health Insurance – Paid Claims by Category (NADBillion), 2007–2011Figure 49: Namibian Personal Accident and Health Insurance – Paid Claims (NAD Billion),2011–2016Figure 50: Namibian Personal Accident and Health Insurance – Incurred Loss (NAD Billion),2007–2011Figure 51: Namibian Personal Accident and Health Insurance – Incurred Loss by Category (NADBillion), 2007–2016Figure 52: Namibian Personal Accident and Health Insurance – Loss Ratio (%), 2007–2011Figure 53: Namibian Personal Accident and Health Insurance – Loss Ratio (%), 2011–2016Figure 54: Namibian Personal Accident and Health Insurance – Combined Ratio (%), 2007–2011Figure 55: Namibian Personal Accident and Health Insurance – Combined Ratio (%), 2011–2016Figure 56: Namibian Personal Accident and Health Insurance – Total Assets (NAD Billion),2007–2011Figure 57: Namibian Personal Accident and Health Insurance – Total Assets (NAD Billion),2011–2016Figure 58: Namibian Personal Accident and Health Insurance – Total Investment Income (NADBillion), 2007–2011Figure 59: Namibian Personal Accident and Health Insurance – Total Investment Income (NADBillion), 2011–2016Figure 60: Namibian Personal Accident and Health Insurance – Retentions (NAD Billion),2007–2011Figure 61: Namibian Personal Accident and Health Insurance – Retentions (US$ Billion),2011–2016Figure 62: Namibian Personal Accident and Health Insurance – Investment (NAD Billion),2007–2011Figure 63: Namibian Personal Accident and Health Insurance – Penetration (% of GDP),2007–2011Figure 64: Namibian Personal Accident and Health Insurance – Premium Per Capita (NAD),2007–2011Figure 65: Namibian Reinsurance Ceded by Insurance Segment (NAD Billion), 2007–2016Figure 66: Namibian Reinsurance Dynamics by Insurance Segment, 2007–2016
  8. 8. Figure 67: Namibian Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011Figure 68: Namibian Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016Figure 69: Namibian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011Figure 70: Namibian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016Figure 71: Namibian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded(%), 2007–2011Figure 72: Namibian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded(%), 2011–2016Figure 73: Namibian Insurance – Market Shares (%), 2010Figure 74: Namibian GDP at Constant Prices (US$ Billion), 2007–2011Figure 75: Namibian GDP Per Capita at Constant Prices (US$), 2007–2011Figure 76: Namibian GDP at Current Prices (US$ Billion), 2007–2011Figure 77: Namibian Total Population (Million), 2007–2011Figure 78: Namibian Construction Net Output at Current Prices (US$ Billion), 2007–2011Figure 79: Namibian Construction Output as a Percentage of GDP (%), 2007–2011Figure 80: Namibian Arable Land ( ‘000 hectares), 2007–2011Figure 81: Namibian Imports as a Percentage of GDP (%), 2007–2011Figure 82: Namibian Exports as a Percentage of GDP (%), 2007–2011Figure 83: Namibian Number of Air Passengers (Million), 2007–2011Figure 84: Namibian Healthcare Expenditure Per Capita (US$), 2007–2011Figure 85: Namibian Healthcare Expenditure as a Percentage of GDP (%), 2007–2011Figure 86: Namibian Annual Disposable Income (US$ Billion), 2007–2011Figure 87: Namibian Annual Disposable Income Per Capita (US$), 2007–2011Contact: sales@reportsandreports.com for more information.

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