Mauritius insurance companies in 2019: technical ratios
Mauritius: 2019 net loss ratio per non-life insurance company
Figures in thousands| Insurer | Net incurred losses | Net earned premiums | Net loss ratio | ||
|---|---|---|---|---|---|
| In MUR | In USD | In MUR | In USD | ||
SWAN | 1 123 000 | 29 827 | 1 667 036 | 44 277 | 67.37% |
Mauritius Union Assurance | 1 033 650 | 27 454 | 1 752 096 | 46 536 | 59.00% |
Mauritian Eagle Insurance | 417 391 | 11 086 | 596 926 | 15 854 | 69.92% |
State Insurance Company of Mauritius (SICOM) | 286 023 | 7 597 | 469 486 | 12 470 | 60.92% |
Phoenix Insurance | 271 389 | 7 208 | 422 269 | 11 216 | 64.27% |
The New India Assurance | 223 941 | 5 948 | 351 750 | 9 343 | 63.66% |
Jubilee Insurance | 181 128 | 4 811 | 276 479 | 7 343 | 65.51% |
National Insurance Company (NIC) | 70 339 | 1 868 | 165 152 | 4 386 | 42.59% |
Lamco International Ins. | 155 513 | 4 130 | 239 246 | 6 354 | 65.00% |
GFA Insurance | 110 766 | 2 942 | 178 627 | 4 744 | 62.01% |
SWAN Speciality Risk | - | - | - | - | - |
Quantum Insurance Mauritius | 37 520 | 996 | 49 607 | 1 318 | 75.63% |
Sun Insurance | 46 258 | 1 229 | 74 635 | 1 982 | 61.98% |
Indian Ocean General Assurance (IOGA) | 32 207 | 855 | 49 227 | 1 307 | 65.43% |
Credit Guarantee Ins-CGI | 20 078 | 533 | 14 983 | 398 | 134.01% |
| Total non-life | 4 009 203 | 106 484 | 6 307 519 | 167 528 | 63.56% |
Exchange rate as at 31/12/2019: 1 MUR = 0.02656 USD
Read also | Ranking of insurers in Mauritius
Mauritius: 2019 net management expenses ratio per non-life insurance company
Figures in thousands| Insurer | Management expenses | Net written premiums | Net management expenses ratio | ||
|---|---|---|---|---|---|
| In MUR | In USD | In MUR | In USD | ||
SWAN | 468 923 | 12 455 | 1 715 437 | 45 562 | 27.34% |
Mauritius Union Assurance | 582 138 | 15 461 | 1 795 546 | 47 690 | 32.42% |
Mauritian Eagle Insurance | 228 865 | 6 079 | 623 389 | 16 557 | 36.71% |
State Insurance Company of Mauritius (SICOM) | 166 943 | 4 434 | 507 778 | 13 487 | 32.88% |
Phoenix Insurance | 158 247 | 4 203 | 440 379 | 11 697 | 35.93% |
The New India Assurance | 92 601 | 2 459 | 373 692 | 9 925 | 24.78% |
Jubilee Insurance | 89 125 | 2 367 | 283 615 | 7 533 | 31.42% |
National Insurance Company (NIC) | 70 863 | 1 882 | 196 209 | 5 211 | 36.12% |
Lamco International Ins. | 90 730 | 2 410 | 240 784 | 6 395 | 37.68% |
GFA Insurance | 60 708 | 1 612 | 178 896 | 4 752 | 33.93% |
SWAN Speciality Risk | -4 419 | -117 | 143 967 | 3 824 | -3.07% |
Quantum Insurance Mauritius | 40 279 | 1070 | 50 678 | 1 346 | 79.48% |
Sun Insurance | 42 923 | 1 140 | 77 644 | 2 062 | 55.28% |
Indian Ocean General Assurance (IOGA) | 20 544 | 546 | 54 379 | 1 444 | 37.78% |
Credit Guarantee Ins-CGI | 3 094 | 82 | 14 736 | 391 | 21.00% |
| Total non-life | 2 111 564 | 56 083 | 6 697 129 | 177 876 | 31.53% |
Exchange rate as at 31/12/2019: 1 MUR = 0.02656 USD
Mauritius: 2019 net combined ratio per non-life insurance company
| Insurer | Net loss ratio | Net management expenses ratio | Net combined ratio |
|---|---|---|---|
SWAN | 67.37% | 27.34% | 94.71% |
Mauritius Union Assurance | 59.00% | 32.42% | 91.42% |
Mauritian Eagle Insurance | 69.92% | 36.71% | 106.63% |
State Insurance Company of Mauritius (SICOM) | 60.92% | 32.88% | 93.80% |
Phoenix Insurance | 64.27% | 35.93% | 100.20% |
The New India Assurance | 63.66% | 24.78% | 88.44% |
Jubilee Insurance | 65.51% | 31.42% | 96.93% |
National Insurance Company (NIC) | 42.59% | 36.12% | 78.71% |
Lamco International Ins. | 65.00% | 37.68% | 102.68% |
GFA Insurance | 62.01% | 33.93% | 95.94% |
SWAN Speciality Risk | - | -3.07% | -3.07% |
Quantum Insurance Mauritius | 75.63% | 79.48% | 155.11% |
Sun Insurance | 61.98% | 55.28% | 117.26% |
Indian Ocean General Assurance (IOGA) | 65.43% | 37.78% | 103.21% |
Credit Guarantee Ins-CGI | 134.01% | 21.00% | 155.01% |
| Total non life | 63.56% | 31.53% | 95.09% |
Source: Financial Services Commission
Read also | Mauritius insurance market
Live coverage
17:36
15:34
11:25
10:00
04/17
Latest news