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Mauritania

Life Report

Product Insurance Market Reports Life Rev Mauritania

Key Highlights

Get access to Axco’s online product with the latest market intelligence for the market of your choice

 

  • Key insights and explanations of market developments in life insurance, healthcare and pensions
  • Details Mauritania's insurance, social security, pensions and healthcare regulatory framework and company and personal tax considerations
  • Current legislation and upcoming changes
  • The latest developments in Mauritania's economic and political environment
  • Demographic information
  • Market statistics and company performance

Report Overview

Independent strategic insight, line of business detail, regulatory information & market data for the non-life (P&C) insurance market of Mauritania

The Mauritania life and benefits market report provides a comprehensive, impartial analysis of the life insurance market of Mauritania. Information extends to extensive detail on healthcare (public and private), pensions and benefits, and social security. Specialist researchers visit Mauritania and interview local professionals working across the local market. The report is updated with new information and data regularly throughout the cycle of country visits.

The report provides information about Mauritania’s demographic profile and assesses its economic, political, climate, operational, and security risks. Key data on the investment environment in Mauritania is available.

Axco’s report describes the regulatory framework that applies to the Mauritanian domestic life insurance sector, including whether non-admitted insurance is permitted in Mauritania; as well as the legislation necessary to know regarding Mauritania’s healthcare, pensions and social security.

Statistics include five years of life insurance market performance indicators, including gross written premiums, premium growth and penetration rates. Company statistics show who are the leading life insurance companies in Mauritania with local life insurance company premiums, market share and year on year growth.

Life Insurance

Axco provides details on the life insurance sector including Mauritanian market participants, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.

Healthcare

The report describes the public and private healthcare system in Mauritania, the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.

Pensions

Axco reports on the three pillars of Mauritanian pension provision.

  • State pension benefits including benefit calculations and eligibility criteria 
  • Workplace pension provision; types of schemes calculations eligibility and; tax implications
  • Voluntary individual pension provision, type of products and tax implications

Social Security

The Mauritania report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

  • state pensions,
  • permanent disability benefit
  • occupational accident and disease
  • maternity and paternity payments 

Mauritania Life and Benefits Report Extract

Below are brief extracts of information from the Mauritania Life & Benefits Report; more updated information may be available in the latest published report.

Life Insurance

Life insurance continues to represent a very small proportion of the overall insurance market in Mauritania, contributing 4.3% of gross written premiums in 2020.

The lack of interest in life insurance is partly due to poverty, but also the result of cultural resistance in what is a profoundly Muslim country. Muslims sometimes disapprove of life insurance, seeing it as interference with the will ....

Pensions

There is no private pension provision in Mauritania currently due to the poverty of large proportions of the population and the Islamic distrust of insurance, especially life insurance. Specific Islamic insurance products do exist, though most of the life insurance market is understood to be credit life. Banks offer savings accounts which may be used to save for retirement, though specific pension products do not appear to be marketed in the market at present ...

Healthcare

There is a clear interest in healthcare insurance. Some of the interest may be due to the entry of the broker Ascoma into the market; it was said in 2011 that around 90% of its activity concerned health insurance. It is particularly involved regionally in third party health scheme administration. Rema Broking is also very heavily involved in health insurance, and claims to be market leader. Interest in healthcare insurance may also result from the activity surrounding the state's health insurer, the National Health Insurance Fund (CNAM), which started functioning in 2007 ....

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