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Market Research Report

The Insurance Industry in Madagascar, Key Trends and Opportunities to 2022

Published by GlobalData Product code 692916
Published Content info 73 Pages
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The Insurance Industry in Madagascar, Key Trends and Opportunities to 2022
Published: August 2, 2018 Content info: 73 Pages
Description

GlobalData's "The Insurance Industry in Madagascar, Key Trends and Opportunities to 2022" report provides detailed analysis of the market trends, drivers and challenges in the Malagasy insurance industry.

It provides key performance indicators such as written premium and claims during the review period (2013-2017) and forecast period (2017-2022).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Malagasy economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together GlobalData's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Inside this report, we look at the top themes, its predictions and identify winners and losers.

The report provides in-depth market analysis, information and insights into the Malagasy insurance industry, including -

  • The Malagasy insurance industry's growth prospects by segment and category
  • A comprehensive overview of the Malagasy economy and demographics
  • Details of the competitive landscape in the Malagasy insurance industry
  • The various distribution channels in the Malagasy insurance industry
  • Details of regulatory policy applicable to the Malagasy insurance industry
  • Analysis of natural hazards in the Malagasy insurance industry.

Scope

  • This report provides a comprehensive analysis of the insurance industry in Madagascar
  • It provides historical values for the Malagasy insurance industry for the report's 2013-2017 review period, and projected figures for the 2017-2022 forecast period.
  • It offers a detailed analysis of the key segments in the Malagasy insurance industry, with market forecasts to 2022.
  • It covers an exhaustive list of parameters, including written premium and claims.
  • It analyzes the various distribution channels in Madagascar.
  • It profiles the top insurance companies in Madagascar, and outlines the key regulations affecting them.

Reasons to buy

  • Make strategic business decisions using in-depth historic and forecast market data related to the Malagasy insurance industry and each segment and category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Malagasy insurance industry.
  • Assess the competitive dynamics in the Malagasy insurance industry.
  • Identify the growth opportunities and market dynamics in key segments.
  • Gain insights into key regulations governing the Malagasy insurance industry and their impact on companies and the industry's future.
Table of Contents
Product Code: GDIS1712MR

Table of Contents

1 Key Facts and Highlights

2 Executive Summary

3 Economy and Demographics

4 Industry Outlook

  • 4.1 Direct written premium
  • 4.2 Insurance density

5 Life Insurance Outlook

  • 5.1 Segment Indicators
    • 5.1.1 Direct written premium
    • 5.1.2 Paid claims
    • 5.1.3 Penetration
    • 5.1.4 Assets and investments

6 General Insurance Outlook

  • 6.1 Segment Indicators
    • 6.1.1 Direct written premium
    • 6.1.2 Penetration
    • 6.1.3 Assets and investments

7 Distribution Channel Outlook

8 Natural and Man-Made Hazards

  • 8.1 Storms and Flood
  • 8.2 Droughts
  • 8.3 Locust Invasions
  • 8.4 Epidemics
  • 8.5 Exposure

9 Competitive Landscape

  • 9.1 Company Profiles
    • 9.1.1 Saham Assurance - Company Overview
    • 9.1.2 Mutuelle d'Assurance Malagasy (MAMA) - Company Overview
    • 9.1.3 Compagnie Malgache d'Assurances et de Reassurances NY HAVANA - Company Overview
    • 9.1.4 Compagnie d'Assurances et de Reassurances Omnibranches (ARO) - Company Overview
    • 9.1.5 Allianz Madagascar - Company Overview

10 Governance, Risk and Compliance

  • 10.1 Legislation Overview and Historical Evolution
  • 10.2 Latest Changes in Regulation
  • 10.3 Legislation and Market Practice by Type of Insurance
    • 10.3.1 Life insurance
    • 10.3.2 Property insurance
    • 10.3.3 Motor insurance
    • 10.3.4 Liability insurance
    • 10.3.5 Marine, aviation and transit insurance
    • 10.3.6 Personal accident and health insurance
  • 10.4 Compulsory Insurance
    • 10.4.1 Motor third-party liability insurance
    • 10.4.2 Social security scheme
    • 10.4.3 Liability for ships with respect to oil pollution
  • 10.5 Supervision and Control
    • 10.5.1 African Insurance Organization
    • 10.5.2 Ministry of Finance
    • 10.5.3 Committee of Insurance Companies in Madagascar
  • 10.6 Non-Admitted Insurance Regulations
    • 10.6.1 Overview
    • 10.6.2 Intermediaries
    • 10.6.3 Market practices
    • 10.6.4 Fines and Penalties
  • 10.7 Company Registration and Operations
    • 10.7.1 Type of insurance organization
    • 10.7.2 Establishing a local company
    • 10.7.3 Foreign ownership
    • 10.7.4 Types of license
    • 10.7.5 Capital requirements
    • 10.7.6 Solvency margin
    • 10.7.7 Reserve requirements
    • 10.7.8 Investment regulations
    • 10.7.9 Statutory return requirements
    • 10.7.10 Fee structure
  • 10.8 Taxation
    • 10.8.1 Insurance premium or policy taxation
    • 10.8.2 Withholding taxes on premium paid overseas
    • 10.8.3 Corporate tax
    • 10.8.4 VAT
    • 10.8.5 Captives
  • 10.9 Legal System
    • 10.9.1 Introduction
    • 10.9.2 Access to court
    • 10.9.3 Alternative dispute resolution

11 Databook

  • 11.1 Life Insurance
    • 11.1.1 Policies and premium
    • 11.1.2 Claims and expenses
    • 11.1.3 Assets and investments
  • 11.2 General Insurance
    • 11.2.1 Policies and premium
    • 11.2.2 Claims and expenses
    • 11.2.3 Assets and investments

12 Definitions and Methodology

  • 12.1 Definitions
  • 12.2 Methodology

13 About GlobalData

  • 13.1 Contact GlobalData
  • 13.2 About GlobalData
  • 13.3 GlobalData's Services
  • 13.4 Disclaimer

List of Tables

  • Table 1: Malagasy Insurance Industry - Key Facts, 2017
  • Table 2: Malagasy Insurance Industry -Leading Insurers, 2016
  • Table 3: Malagasy Insurance Industry - Direct Written Premium (MGA Billion and US$ Million), 2013-2017
  • Table 4: Malagasy Insurance Industry - Direct Written Premium (MGA Billion and US$ Million), 2017-2022
  • Table 5: Malagasy Insurance Industry - Density (MGA), 2013-2017
  • Table 6: Malagasy Insurance Industry - Density (MGA), 2017-2022
  • Table 7: Malagasy Life Insurance - Direct Written Premium (MGA Billion and US$ Million), 2013-2017
  • Table 8: Malagasy Life Insurance - Direct Written Premium (MGA Billion and US$ Million), 2017-2022
  • Table 9: Malagasy Life Insurance - Paid Claims (MGA Billion and US$ Million), 2013-2017
  • Table 10: Malagasy Life Insurance - Paid Claims (MGA Billion and US$ Million), 2017-2022
  • Table 11: Malagasy Life Insurance - Investment Portfolio (MGA Billion), 2013-2017
  • Table 12: Malagasy Life Insurance - Investment Portfolio (MGA Billion), 2017-2022
  • Table 13: Malagasy General Insurance - Direct Written Premium (MGA Billion and US$ Million), 2013-2017
  • Table 14: Malagasy General Insurance - Direct Written Premium (MGA Billion and US$ Million), 2017-2022
  • Table 15: Malagasy General Insurance - Total Investment Income (MGA Billion and US$ Million), 2013-2017
  • Table 16: Malagasy General Insurance - Total Investment Income (MGA Billion and US$ Million), 2017-2022
  • Table 17: Malagasy General Insurance - Investment Portfolio (MGA Billion), 2013-2017
  • Table 18: Malagasy General Insurance - Investment Portfolio (MGA Billion), 2017-2022
  • Table 19: Malagasy Insurance Industry - Leading Insurers, 2016
  • Table 20: Saham Assurance - Key Facts
  • Table 21: Mutuelle d'Assurance Malagasy (MAMA)- Key Facts
  • Table 22: Compagnie Malgache d'Assurances et de Reassurances NY HAVANA- Key Facts
  • Table 23: Compagnie d'Assurances et de Reassurances Omnibranches (ARO)- Key Facts
  • Table 24: Allianz Madagascar - Key Facts
  • Table 25: Madagascar - Insurance Regulatory Framework Key Features
  • Table 26: Madagascar - Life Insurance Regulatory Framework
  • Table 27: Madagascar - Life Insurance Regulatory Framework
  • Table 28: Madagascar - Property Insurance Regulatory Framework
  • Table 29: Madagascar - Motor Insurance Regulatory Framework
  • Table 30: Madagascar - Liability Insurance Regulatory Framework
  • Table 31: Madagascar - Corporate Tax Rates for the Financial Year 2018
  • Table 32: Malagasy Life Insurance - Policies and Premium, 2013-2017
  • Table 33: Malagasy Life Insurance - Policies and Premium, 2017-2022
  • Table 34: Malagasy Life Insurance - Claims and Expenses, 2013-2017
  • Table 35: Malagasy Life Insurance - Claims and Expenses, 2017-2022
  • Table 36: Malagasy Life Insurance - Assets and Investments, 2013-2017
  • Table 37: Malagasy Life Insurance - Assets and Investments, 2017-2022
  • Table 38: Malagasy General Insurance - Policies and Premium, 2013-2017
  • Table 39: Malagasy General Insurance - Policies and Premium, 2017-2022
  • Table 40: Malagasy General Insurance - Claims and Expenses, 2013-2017
  • Table 41: Malagasy General Insurance - Claims and Expenses, 2017-2022
  • Table 42: Malagasy General Insurance - Assets and Investments, 2013-2017
  • Table 43: Malagasy General Insurance - Assets and Investments, 2017-2022
  • Table 44: Insurance Industry Definitions

List of Figures

  • Figure 1: Malagasy Real GDP (MGA Billion), 2013-2022
  • Figure 2: Malagasy Exchange Rate (MGA per US$), 2013-2022
  • Figure 3: Malagasy Consumer Price Inflation (%), 2013-2022
  • Figure 4: Malagasy Current Account Balance as Percentage of GDP (%), 2013-2022
  • Figure 5: Malagasy Unemployment Rate, 2013-2022
  • Figure 6: Malagasy Population by Age Group, 2013-2022
  • Figure 7: Malagasy Insurance Industry - Direct Written Premium (MGA Billion), 2013-2022
  • Figure 8: Malagasy Insurance Industry - Density (MGA), 2013-2022
  • Figure 9: Malagasy Life Insurance - Direct Written Premium (MGA Billion), 2013-2022
  • Figure 10: Malagasy Life Insurance - Paid Claims (MGA Billion), 2013-2022
  • Figure 11: Malagasy Life Insurance - Penetration (%), 2013-2017
  • Figure 12: Malagasy Life Insurance - Penetration (%), 2017-2022
  • Figure 13: Malagasy Life Insurance - Investment Portfolio (MGA Billion), 2013-2022
  • Figure 14: Malagasy Life Insurance - Investment Portfolio Dynamics (MGA Billion), 2013-2022
  • Figure 15: Malagasy General Insurance - Direct Written Premium (MGA Billion), 2013-2022
  • Figure 16: Malagasy General Insurance - Penetration (%), 2013-2017
  • Figure 17: Malagasy General Insurance - Penetration (%), 2017-2022
  • Figure 18: Malagasy General Insurance - Total Investment Income (MGA Billion), 2013-2022
  • Figure 19: Malagasy General Insurance - Investment Portfolio (MGA Billion), 2013-2022
  • Figure 20: Malagasy General Insurance - Investment Portfolio Dynamics (MGA Billion), 2013-2022
  • Figure 21: Madagascar - Insurance Supervision and Control at Various Levels
  • Figure 22: Madagascar - Insurance Regulatory Frameworks for Company Registration and Operation
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