The Mauritius insurance market: 2015 results

The Mauritian insurance market: Turnover per non life insurance company: 2014-2015

in thousands USD

	2014 turnover	2015 turnover	2014-2015 evolution	2015 shares
Swan	68 736	63 541	-7.6%	29.1%
Mauritius Union	54 592	51 557	-5.6%	23.7%
Mauritian Eagle Insurance	35 051	32 197	-8.1%	14.8%
State Insurance Company Of Mauritius	21 936	21 511	-1.9%	9.9%
Jubilee	15 028	10 305	-31.4%	4.7%
Phoenix	9 363	9 202	-1.7%	4.2%
New India	10 913	9 021	-17.3%	4.1%
LAMCO	7 024	6 379	-9.2%	2.9%
GFA	5 177	4 957	-4.3%	2.3%
Sun Insurance	4 531	3 296	-27.3%	1.5%
Swan Speciality Risk ⁽¹⁾	-	2 381	0.0%	1.1%
Credit Guarantee Insurance	2 932	2 261	-22.9%	1%
Indian Ocean General Assurance	1 467	1 316	-10.3%	0.6%
Quantum Insurance ⁽¹⁾	-	111	-	0.1%
British American Insurance ⁽²⁾	6 852	-	-	-
Total	243 602	218 035	-10.5%	100%

⁽¹⁾ Newly licensed companies
⁽²⁾ Cessation of activity in 2015

Ranking of the top five non life insurance companies in 2015

⁽¹⁾ 9 companies

in thousands USD

	2014 turnover	2015 turnover	2014-2015 evolution	2015 shares
SICOM Life	122 111	128 759	5.4%	48%
Anglo-Mauritius Assurance	100 628	97 650	-3%	36.4%
La Prudence Life Insurance	21 640	19 710	-8.9%	7.3%
Life Insurance Corporation of India	11 063	10 026	-9.4%	3.7%
Island Life Assurance	6 226	6 433	3.3%	2.4%
Metropolitan Insurance Mauritius	5 139	5 178	0.8%	2%
Phoenix	396	309	-21.9%	0.1%
LAMCO	144	124	-14.4%	0.06%
Indian Ocean General Assurance	129	92	-28.6%	0.04%
British American Insurance ⁽¹⁾	268 296	-	-	-
Total	535 772	268 281	-49.9%	100%

⁽¹⁾ Cessation of activity in 2015

Ranking of the top five life insurance companies in 2015

⁽¹⁾ 4 companies

in thousands USD

Breakdown of turnover per class of business in 2015

⁽¹⁾ including bond insurance Source: Financial Services Commission (FSC)

Exchange rate MUR/USD as at 31/12	2014	2014
Exchange rate MUR/USD as at 31/12	0.03287	0.02882

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Tue, 15/11/2016 - 14:51