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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Malian non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Mali's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Mali non-life (P&C) market as well as trends by line of business. Axco analysts also report on Mali's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Mali's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Mali, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Mali, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Mali with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
Mali is understood to be business friendly, but its economy is reliant on gold and cotton exports as well as foreign aid to supplement its finances. Cotton and food supply can be impacted by climate change causing variable rainfall, and commodity market fluctuations can impact the profitability of the mining industry. The IMF has been supportive of Mali making significant disbursements most recently in 2020 to help the government finances in the wake of COVID-19.
Mali is a small non-life market with a low level of ....
This is a brief extract of information; more updated information may be available in the latest published report.