Ranking of insurers in Mauritius per 2022 turnover
Mauritius: turnover per non-life insurance company 2021-2022
Figures in thousands
| 2022 turnover | 2021 turnover | 2021-2022 evolution (1) | 2022 shares | |||
|---|---|---|---|---|---|---|
| MUR | USD | MUR | USD | |||
| SWAN | 3 848 229 | 85 238 | 3 246 476 | 72 429 | 18.54% | 27.14% |
| Mauritius Union Assurance | 3 174 477 | 70 315 | 2 585 949 | 57 692 | 22.76% | 22.39% |
| Mauritian Eagle Insurance | 1 615 563 | 35 785 | 1 486 833 | 33 171 | 8.66% | 11.39% |
| State Insurance Company of Mauritius (SICOM) | 1 546 424 | 34 253 | 1 206 418 | 26 915 | 28.18% | 10.91% |
| Phoenix Insurance | 768 418 | 17 020 | 548 327 | 12 233 | 40.14% | 5.42% |
| Jubilee Insurance | 611 419 | 13 543 | 406 040 | 9 059 | 50.58% | 4.31% |
| Sun Insurance | 602 400 | 13 343 | 332 336 | 7 414 | 81.26% | 4.25% |
| The New India Assurance | 478 864 | 10 607 | 448 032 | 9 996 | 6.88% | 3.38% |
| National Insurance Company (NIC) | 360 394 | 7 983 | 351 755 | 7 848 | 2.46% | 2.54% |
| Lamco International Ins. | 282 160 | 6 250 | 286 508 | 6 392 | -1.52% | 1.99% |
| SWAN Speciality Risk | 280 823 | 6 220 | 353 732 | 7 892 | -20.61% | 1.98% |
| GFA Insurance | 226 398 | 5 015 | 209 549 | 4 675 | 8.04% | 1.60% |
| Quantum Insurance Mauritius | 221 051 | 4 896 | 204 390 | 4 560 | 8.15% | 1.56% |
| Indian Ocean General Assurance (IOGA) | 85 283 | 1 889 | 72 197 | 1 611 | 18.13% | 0.60% |
| Credit Guarantee Ins-CGI | 76 422 | 1 693 | 70 707 | 1 577 | 8.08% | 0.54% |
| Total non-life | 14 178 325 | 314 050 | 11 809 249 | 263 464 | 20.06% | 100% |
(1) Growth rate in local currency
Mauritius: turnover per life insurance company 2021-2022
Figures in thousands
| 2022 turnover | 2021 turnover | 2021-2022 evolution (1) | 2022 shares | |||
|---|---|---|---|---|---|---|
| MUR | USD | MUR | USD | |||
| SWAN Life | 5 682 106 | 125 859 | 5 144 187 | 114 767 | 10.46% | 44.79% |
| SICOM Life | 2 747 072 | 60 848 | 2 417 102 | 53 925 | 13.65% | 21.66% |
| La Prudence Mauricienne | 1 818 265 | 40 275 | 1 555 990 | 34 714 | 16.86% | 14.33% |
| National Insurance Company Life (NICL) | 1 563 995 | 34 642 | 1 615 189 | 36 035 | -3.17% | 12.33% |
| Life Insurance Corporation | 557 169 | 12 341 | 572 287 | 12 768 | -2.64% | 4.39% |
| Island Life Assurance | 183 647 | 4 068 | 174 046 | 3 883 | 5.52% | 1.45% |
| Afri Life Insurance (2) | 126 086 | 2 793 | 126 455 | 2 821 | -0.29% | 0.99% |
| Phoenix Insurance | 4 695 | 104 | 5 148 | 115 | -8.80% | 0.04% |
| Lamco International Insurance | 1 360 | 30 | 1 650 | 37 | -17.58% | 0.01% |
| Indian Ocean General Assurance -IOGA | 967 | 21 | 1 277 | 28 | -24.28% | 0.01% |
| Total life | 12 685 362 | 280 981 | 11 613 331 | 259 093 | 9.23% | 100% |
(1) Growth rate in local currency
(2) Formerly Metropolitan Insurance
Exchange rate as at 31/12/2022 : 1 MUR = 0.02215 USD ; at 31/12/2021 : 1 MUR = 0.02231 USD
Read also | Mauritius insurance market
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