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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Mauritian non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Mauritius' insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Mauritius non-life (P&C) market as well as trends by line of business. Axco analysts also report on Mauritius' 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 Mauritius's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Mauritius, 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 Mauritius, 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 Mauritius with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
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.
As a market that is heavily reinsured overseas ....
This is a brief extract of information; more updated information may be available in the latest published report.