Mauritius

Insurance Intelligence

Providing expert analysis, independent market insight and company data on the insurance industry.

Insurance market reports are produced following a country visit with interviews with professionals working in the sector with systematic updates to information throughout the cycle. Covering market developments, macroeconomic factors and comprehensive details of the regulatory environment including relevant taxation as well as market indicators and company statistics.

Axco’s Mauritius Non-Life Insurance Market Report (P&C) also comprises a detailed analysis of lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers’ liability and liability.

The Life & Benefits Report for Mauritius includes detail on social security, healthcare, individual life assurance and pensions information as well as market statistics and life company statistics

Key Benefits

• Superior market insights
• Crucial compliance information
• Risk assessment and profitability

Country Information

The Mauritian non-life market is characterised by a high level of fronting with very little business retained locally and insurers, in general, more concerned to protect their balance sheets than grow their assets through retaining more premium. It is a mature insurance market with high penetration relative to other markets in parts of Africa or India.

Total non-life premium income amounted to MUR 9.14bn in 2018, an increase of 4.5% compared to 2017.

There were 15 non-life insurers licensed to operate in the market at the end of 2019 according to the FSC.