Cover Image
Market Research Report

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

Published by GlobalData Product code 692917
Published Content info 128 Pages
Delivery time: 1-2 business days
Price
Back to Top
The Insurance Industry in Benin, Key Trends and Opportunities to 2022
Published: August 3, 2018 Content info: 128 Pages
Description

GlobalData's "The Insurance Industry in Benin, Key Trends and Opportunities to 2022", report provides detailed analysis of the market trends, drivers and challenges in the Beninese 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 Beninese 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 Beninese insurance industry, including -

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

Scope

  • This report provides a comprehensive analysis of the insurance industry in Benin
  • It provides historical values for the Beninese 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 Beninese 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 Benin.
  • It profiles the top insurance companies in Benin, 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 Beninese insurance industry and each segment and category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Beninese insurance industry.
  • Assess the competitive dynamics in the Beninese insurance industry.
  • Identify the growth opportunities and market dynamics in key segments.
  • Gain insights into key regulations governing the Beninese insurance industry and their impact on companies and the industry's future.
Table of Contents
Product Code: GDIS1713MR

Table of Contents

1 KEY FACTS AND HIGHLIGHTS

2 EXECUTIVE SUMMARY

3 ECONOMY AND DEMOGRAPHICS

4 INDUSTRY OUTLOOK

  • 4.1 Industry Indicators
    • 4.1.1 Direct written premium
    • 4.1.2 Insurance density
    • 4.1.3 Paid claims

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 Paid claims
    • 6.1.3 Penetration
    • 6.1.4 Loss ratio
    • 6.1.5 Assets and investments
  • 6.2 Property Insurance
    • 6.2.1 Direct written premium
    • 6.2.2 Penetration
    • 6.2.3 Profitability
  • 6.3 Motor Insurance
    • 6.3.1 Direct written premium
    • 6.3.2 Penetration
    • 6.3.3 Profitability
  • 6.4 Liability Insurance
    • 6.4.1 Direct written premium
    • 6.4.2 Penetration
    • 6.4.3 Profitability
  • 6.5 Marine, Aviation and Transit Insurance
    • 6.5.1 Direct written premium
    • 6.5.2 Penetration
    • 6.5.3 Profitability
  • 6.6 Personal Accident and Health Insurance
    • 6.6.1 Direct written premium
    • 6.6.2 Penetration
    • 6.6.3 Profitability
  • 6.7 Miscellaneous
    • 6.7.1 Direct written premium
    • 6.7.2 Penetration
    • 6.7.3 Profitability

7 REINSURANCE OUTLOOK

  • 7.1 Reinsurance Accepted
  • 7.2 Premium Ceded

8 DISTRIBUTION CHANNEL OUTLOOK

9 NATURAL AND MAN-MADE HAZARDS

  • 9.1 Flooding
  • 9.2 Harmattan winds
  • 9.3 Droughts
  • 9.4 Epidemics
  • 9.5 Exposure

10 COMPETITIVE LANDSCAPE

  • 10.1 Company Profiles
    • 10.1.1 L'Africaine des Assurances - company overview
    • 10.1.2 Nouvelle Societe Interafricaine d'Assurances - company overview
    • 10.1.3 Sunu Assurances Vie Benin - company overview
    • 10.1.4 La Federale d'Assurances SA - company overview
    • 10.1.5 Saham Assurance vie - company overview

11 GOVERNANCE, RISK AND COMPLIANCE

  • 11.1 Legislation Overview and Historical Evolution
  • 11.2 Latest Changes in Regulation
  • 11.3 Legislation and Market Practice by Type of Insurance
    • 11.3.1 Life insurance
    • 11.3.2 Property insurance
    • 11.3.3 Motor insurance
    • 11.3.4 Liability insurance
    • 11.3.5 Marine, aviation and transit insurance
    • 11.3.6 Personal accident and health insurance
  • 11.4 Compulsory Insurance
    • 11.4.1 Motor third-party liability insurance
    • 11.4.2 Professional indemnity insurance for insurance intermediaries
    • 11.4.3 Workmen's compensation
  • 11.5 Supervision and Control
    • 11.5.1 International Association of Insurance Supervisors
    • 11.5.2 Commission Regional des Assurances
    • 11.5.3 Direction du Controle des Assurances
  • 11.6 Non-Admitted Insurance Regulations
    • 11.6.1 Overview
    • 11.6.2 Intermediaries
    • 11.6.3 Market practices
    • 11.6.4 Fines and Penalties
  • 11.7 Company Registration and Operations
    • 11.7.1 Type of insurance organization
    • 11.7.2 Establishing a local company
    • 11.7.3 Foreign ownership
    • 11.7.4 Types of license
    • 11.7.5 Capital requirements
    • 11.7.6 Solvency margin
    • 11.7.7 Reserve requirements
    • 11.7.8 Investment regulations
    • 11.7.9 Statutory return requirements
    • 11.7.10 Fee structure
  • 11.8 Taxation
    • 11.8.1 Insurance premium or policy taxation
    • 11.8.2 Withholding taxes on premium paid overseas
    • 11.8.3 Corporate tax
    • 11.8.4 VAT
    • 11.8.5 Captives
  • 11.9 Legal System
    • 11.9.1 Introduction
    • 11.9.2 Access to court
    • 11.9.3 Alternative dispute resolution

12 DATABOOK

  • 12.1 Life Insurance
    • 12.1.1 Policies and premium
    • 12.1.2 Claims and expenses
    • 12.1.3 Assets and investments
  • 12.2 General Insurance
    • 12.2.1 Policies and premium
    • 12.2.2 Claims and expenses
    • 12.2.3 Assets and investments
    • 12.2.4 Property insurance
    • 12.2.5 Property insurance by category
    • 12.2.6 Motor insurance
    • 12.2.7 Motor insurance by category
    • 12.2.8 Liability insurance
    • 12.2.9 Marine, aviation and transit insurance
    • 12.2.10 Marine, aviation and transit insurance by category
    • 12.2.11 Personal accident and health insurance
    • 12.2.12 Miscellaneous

13 DEFINITIONS AND METHODOLOGY

  • 13.1 Definitions
  • 13.2 Methodology

14 ABOUT GLOBALDATA

  • 14.1 Contact GlobalData
  • 14.2 About GlobalData
  • 14.3 GlobalData's Services
  • 14.4 Disclaimer

List of Tables

  • Table 1: Beninese Insurance Industry - Key Facts, 2017
  • Table 2: Beninese Insurance Industry - Industry Shares of the Top Insurers, 2016
  • Table 3: Beninese Insurance Industry - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
  • Table 4: Beninese Insurance Industry - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
  • Table 5: Beninese Insurance Industry - Density (XOF), 2013-2017
  • Table 6: Beninese Insurance Industry - Density (XOF), 2017-2022
  • Table 7: Beninese Insurance Industry - Paid Claims (XOF Billion and US$ Million), 2013-2017
  • Table 8: Beninese Insurance Industry - Paid Claims (XOF Billion and US$ Million), 2017-2022
  • Table 9: Beninese Life Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
  • Table 10: Beninese Life Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
  • Table 11: Beninese Life Insurance - Paid Claims (XOF Billion and US$ Million), 2013-2017
  • Table 12: Beninese Life Insurance - Paid Claims (XOF Billion and US$ Million), 2017-2022
  • Table 13: Beninese Life Insurance - Total Investment Income (XOF Billion and US$ Million), 2013-2017
  • Table 14: Beninese Life Insurance - Total Investment Income (XOF Billion and US$ Million), 2017-2022
  • Table 15: Beninese Life Insurance - Investment Portfolio (XOF Billion), 2013-2017
  • Table 16: Beninese Life Insurance - Investment Portfolio (XOF Billion), 2017-2022
  • Table 17: Beninese General Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
  • Table 18: Beninese General Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
  • Table 19: Beninese General Insurance - Paid Claims (XOF Billion and US$ Million), 2013-2017
  • Table 20: Beninese General Insurance - Paid Claims (XOF Billion and US$ Million), 2017-2022
  • Table 21: Beninese General Insurance - Total Investment Income (XOF Billion and US$ Million), 2013-2017
  • Table 22: Beninese General Insurance - Total Investment Income (XOF Billion and US$ Million), 2017-2022
  • Table 23: Beninese General Insurance - Investment Portfolio (XOF Billion), 2013-2017
  • Table 24: Beninese General Insurance - Investment Portfolio (XOF Billion), 2017-2022
  • Table 25: Beninese Property Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
  • Table 26: Beninese Property Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
  • Table 27: Beninese Property Insurance - Loss Ratio (%), 2013-2017
  • Table 28: Beninese Property Insurance - Loss Ratio (%), 2017-2022
  • Table 29: Beninese Motor Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
  • Table 30: Beninese Motor Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
  • Table 31: Beninese Motor Insurance - Loss Ratio (%), 2013-2017
  • Table 32: Beninese Motor Insurance - Loss Ratio (%), 2017-2022
  • Table 33: Beninese Liability Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
  • Table 34: Beninese Liability Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
  • Table 35: Beninese Liability Insurance - Loss Ratio (%), 2013-2017
  • Table 36: Beninese Liability Insurance - Loss Ratio (%), 2017-2022
  • Table 37: Beninese Marine, Aviation and Transit Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
  • Table 38: Beninese Marine, Aviation and Transit Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
  • Table 39: Beninese Marine, Aviation and Transit Insurance - Loss Ratio (%), 2013-2017
  • Table 40: Beninese Marine, Aviation and Transit Insurance - Loss Ratio (%), 2017-2022
  • Table 41: Beninese Personal Accident and Health Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
  • Table 42: Beninese Personal Accident and Health Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
  • Table 43: Beninese Personal Accident and Health Insurance - Loss Ratio (%), 2013-2017
  • Table 44: Beninese Personal Accident and Health Insurance - Loss Ratio (%), 2017-2022
  • Table 45: Beninese Miscellaneous - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
  • Table 46: Beninese Miscellaneous - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
  • Table 47: Beninese Miscellaneous - Loss Ratio (%), 2013-2017
  • Table 48: Beninese Miscellaneous - Loss Ratio (%), 2017-2022
  • Table 49: Beninese Reinsurance - Premium Accepted (XOF Million) by Reinsurance Type, 2013-2017
  • Table 50: Beninese Reinsurance - Premium Accepted (XOF Million) by Reinsurance Type, 2017-2022
  • Table 51: Beninese Reinsurance - Premium Ceded by Insurance Segment (XOF Billion), 2013-2017
  • Table 52: Beninese Reinsurance - Premium Ceded by Insurance Segment (XOF Billion), 2017-2022
  • Table 53: Beninese Insurance Industry - Market Share of Leading Insurers (%), 2016
  • Table 54: Beninese Life Insurance Segment - Market Share of Leading Insurers (%), 2016
  • Table 55: Beninese General Insurance Segment - Market Share of Leading Insurers (%), 2016
  • Table 56: L'Africaine des Assurances - Key Facts
  • Table 57: Nouvelle Societe Interafricaine d'Assurances - Key Facts
  • Table 58: Sunu Assurances Vie Benin - Key Facts
  • Table 59: La Federale d'Assurances S.A. - Key Facts
  • Table 60: Saham Assurance vie - Key Facts
  • Table 61: Benin - Insurance Regulatory Framework Key Features
  • Table 62: Benin - Intermediary Remuneration Rates
  • Table 63: Benin - Life Insurance Regulatory Framework
  • Table 64: Benin - Property Insurance Regulatory Framework
  • Table 65: Benin- Motor Insurance Regulatory Framework
  • Table 66: Benin - Liability Insurance Regulatory Framework
  • Table 67: Benin - Insurance Premium Tax Rates
  • Table 68: Benin - Corporate Tax Rates for the Financial Year 2017
  • Table 69: Beninese Life Insurance - Policies and Premium, 2013-2017
  • Table 70: Beninese Life Insurance - Policies and Premium, 2017-2022
  • Table 71: Beninese Life Insurance - Claims and Expenses, 2013-2017
  • Table 72: Beninese Life Insurance - Claims and Expenses, 2017-2022
  • Table 73: Beninese Life Insurance - Assets and Investments, 2013-2017
  • Table 74: Beninese Life Insurance - Assets and Investments, 2017-2022
  • Table 75: Beninese General Insurance - Policies and Premium, 2013-2017
  • Table 76: Beninese General Insurance - Policies and Premium, 2017-2022
  • Table 77: Beninese General Insurance - Claims and Expenses, 2013-2017
  • Table 78: Beninese General Insurance - Claims and Expenses, 2017-2022
  • Table 79: Beninese General Insurance - Assets and Investments, 2013-2017
  • Table 80: Beninese General Insurance - Assets and Investments, 2017-2022
  • Table 81: Beninese General Insurance - Property Insurance, 2013-2017
  • Table 82: Beninese General Insurance - Property Insurance, 2017-2022
  • Table 83: Beninese General Insurance - Property Insurance by Category, 2013-2017
  • Table 84: Beninese General Insurance - Property Insurance by Category, 2017-2022
  • Table 85: Beninese General Insurance - Motor Insurance, 2013-2017
  • Table 86: Beninese General Insurance - Motor Insurance, 2017-2022
  • Table 87: Beninese General Insurance - Motor Insurance by Category, 2013-2017
  • Table 88: Beninese General Insurance - Motor Insurance by Category, 2017-2022
  • Table 89: Beninese General Insurance - Liability Insurance, 2013-2017
  • Table 90: Beninese General Insurance - Liability Insurance, 2017-2022
  • Table 91: Beninese General Insurance - Marine, Aviation and Transit Insurance, 2013-2017
  • Table 92: Beninese General Insurance - Marine, Aviation and Transit Insurance, 2017-2022
  • Table 93: Beninese General Insurance - Marine Aviation and Transit Insurance by Category, 2013-2017
  • Table 94: Beninese General Insurance - Marine Aviation and Transit Insurance by Category, 2017-2022
  • Table 95: Beninese General Insurance - Personal Accident and Health Insurance, 2013-2017
  • Table 96: Beninese General Insurance - Personal Accident and Health Insurance, 2017-2022
  • Table 97: Beninese General Insurance - Miscellaneous, 2013-2017
  • Table 98: Beninese General Insurance - Miscellaneous, 2017-2022
  • Table 99: Insurance Industry Definitions

List of Figures

  • Figure 1: Beninese Real GDP (XOF Trillion), 2013-2022
  • Figure 2: Beninese Exchange Rate (XOF per US$), 2013-2022
  • Figure 3: Beninese Consumer Price Inflation (%), 2013-2022
  • Figure 4: Beninese Current Account Balance as Percentage of GDP (%), 2013-2022
  • Figure 5: Beninese Unemployment Rate, 2013-2022
  • Figure 6: Beninese Population by Age Group, 2013-2022
  • Figure 7: Beninese Insurance Industry - Direct Written Premium (XOF Billion), 2013-2022
  • Figure 8: Beninese Insurance Industry - Density (XOF), 2013-2022
  • Figure 9: Beninese Insurance Industry - Paid Claims (XOF Billion), 2013-2022
  • Figure 10: Beninese Life Insurance - Direct Written Premium (XOF Billion), 2013-2022
  • Figure 11: Beninese Life Insurance - Paid Claims (XOF Billion), 2013-2022
  • Figure 12: Beninese Life Insurance - Penetration (%), 2013-2017
  • Figure 13: Beninese Life Insurance - Penetration (%), 2017-2022
  • Figure 14: Beninese Life Insurance - Total Investment Income (XOF Billion), 2013-2022
  • Figure 15: Beninese Life Insurance - Investment Portfolio (XOF Billion), 2013-2022
  • Figure 16: Beninese Life Insurance - Investment Portfolio Dynamics (XOF Billion), 2013-2022
  • Figure 17: Beninese General Insurance - Direct Written Premium (XOF Billion), 2013-2022
  • Figure 18: Beninese General Insurance - Paid Claims (XOF Billion), 2013-2022
  • Figure 19: Beninese General Insurance - Penetration (%), 2013-2017
  • Figure 20: Beninese General Insurance - Penetration (%), 2017-2022
  • Figure 21: Beninese General Insurance - Loss Ratio (%), 2013-2017
  • Figure 22: Beninese General Insurance - Loss Ratio (%), 2017-2022
  • Figure 23: Beninese General Insurance - Total Investment Income (XOF Billion), 2013-2022
  • Figure 24: Beninese General Insurance - Investment Portfolio (XOF Billion), 2013-2022
  • Figure 25: Beninese General Insurance - Investment Portfolio Dynamics (XOF Billion), 2013-2022
  • Figure 26: Beninese Property Insurance - Direct Written Premium (XOF Billion), 2013-2022
  • Figure 27: Beninese Property Insurance - Penetration (%), 2013-2017
  • Figure 28: Beninese Property Insurance - Penetration (%), 2017-2022
  • Figure 29: Beninese Property Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022
  • Figure 30: Beninese Motor Insurance - Direct Written Premium (XOF Billion), 2013-2022
  • Figure 31: Beninese Motor Insurance - Penetration (%), 2013-2017
  • Figure 32: Beninese Motor Insurance - Penetration (%), 2017-2022
  • Figure 33: Beninese Motor Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022
  • Figure 34: Beninese Liability Insurance - Direct Written Premium (XOF Billion), 2013-2022
  • Figure 35: Beninese Liability Insurance - Penetration (%), 2013-2017
  • Figure 36: Beninese Liability Insurance - Penetration (%), 2017-2022
  • Figure 37: Beninese Liability Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022
  • Figure 38: Beninese Marine, Aviation and Transit Insurance - Direct Written Premium (XOF Billion), 2013-2022
  • Figure 39: Beninese Marine, Aviation and Transit Insurance - Penetration (%), 2013-2017
  • Figure 40: Beninese Marine, Aviation and Transit Insurance - Penetration (%), 2017-2022
  • Figure 41: Beninese Marine, Aviation and Transit Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022
  • Figure 42: Beninese Personal Accident and Health Insurance - Direct Written Premium (XOF Billion), 2013-2022
  • Figure 43: Beninese Personal Accident and Health Insurance - Penetration (%), 2013-2017
  • Figure 44: Beninese Personal Accident and Health Insurance - Penetration (%), 2017-2022
  • Figure 45: Beninese Personal Accident and Health Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022
  • Figure 46: Beninese Miscellaneous - Direct Written Premium (XOF Billion), 2013-2022
  • Figure 47: Beninese Miscellaneous - Penetration (%), 2013-2017
  • Figure 48: Beninese Miscellaneous - Penetration (%), 2017-2022
  • Figure 49: Beninese Miscellaneous - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022
  • Figure 50: Beninese Reinsurance - Premium Accepted (XOF Million) by Reinsurance Type, 2013-2022
  • Figure 51: Beninese Reinsurance - Premium Ceded by Insurance Segment (XOF Billion), 2013-2022
  • Figure 52: Beninese General Insurance - Percentage of Reinsurance Ceded (%), 2013-2022
  • Figure 53: Beninese Insurance Industry - Market Share of Leading Insurers (%), 2016
  • Figure 54: Beninese Life Insurance Segment - Market Share of Leading Insurers (%), 2016
  • Figure 55: Beninese General Insurance Segment - Market Share of Leading Insurers (%), 2016
  • Figure 56: Benin - Insurance Supervision and Control at Various Levels
  • Figure 57: Benin - Insurance Regulatory Frameworks for Company Registration and Operation
Back to Top