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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Mozambique non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Mozambique's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Mozambique non-life (P&C) market as well as trends by line of business. Axco analysts also report on Mozambique'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 Mozambique's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Mozambique, 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 Mozambique, 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 Mozambique with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
The non-life insurance market in Mozambique is relatively small and under-developed with a low level of insurance penetration.
Gross written non-life premiums (including personal accident and health) in 2020, according to preliminary figures, amounted to MZN 16.75bn (USD 227.67mn), an increase of 21.19% compared with 2019. Market growth in the first quarter of 2021 was 10.53% compared with the first quarter of 2020. The growth in the market was surprising given the economic uncertainties caused by the COVID-19 pandemic and the insurgency in ....
This is a brief extract of information; more updated information may be available in the latest published report.