The Insurance Industry in Namibia to 2018: Key Trends and Opportunities

on Sunday, 19 April 2015 includes new market research report " The Insurance Industry in Namibia to 2018: Market Size, Shares, Growth, Analysis, Trends And Forecast" to its huge collection of research reports.

The Insurance Industry in Namibia, Key Trends and Opportunities to 2018' report provides detailed analysis of the market trends, drivers, challenges in the Namibian insurance industry. It provides key performance indicators such as written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions during the review period (2009–2013) and forecast period (2013–2018). The report also analyzes detailed information on the competitive landscape in the country. 

The report brings together 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 regulatory structure.


This report provides a comprehensive analysis of the insurance industry in Namibia:

  • It provides historical values for the Namibian insurance industry for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
  • It offers a detailed analysis of the key segments in the Namibian insurance industry, along with market forecasts until 2018.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.
  • It profiles the top insurance companies in Namibia 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 Namibian insurance industry and each segment and category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Namibian insurance industry.
  • Assess the competitive dynamics in the Namibian insurance industry.
  • Identify the growth opportunities and market dynamics in key segments.
  • Gain insights into key regulations governing the Namibian insurance industry and their impact on companies and the industry's future.

Key highlights:

  • The Namibian insurance industry grew in terms of gross written premium at a review-period CAGR of 10.8%.
  • The life segment accounted for 70.4% of the industry’s gross written premium value in 2013.
  • Namibia’s insurance penetration stood at 7.9%, which was higher compared to other African countries in 2013, such as Kenya (3.4%) and Morocco (3.0%). 
  • The insurance industry in Namibia is regulated by the Namibian Financial Institutions Supervisory Authority (NAMFISA).

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