Mauritius insurance industry in 2018: GWP per company and class of business
Mauritius non-life insurance industry: GWP per company
Figures in thousands| 2018 turnover | 2017 turnover | 2017-2018 (2) evolution | 2018 market shares | |||
|---|---|---|---|---|---|---|
| In MUR (1) | In USD | In MUR (1) | In USD | |||
SWAN | 2 881 758 | 81 698 | 2 652 734 | 76 451 | 8.63% | 31.54% |
Mauritius Union Assurance | 2 252 828 | 63 867 | 2 192 673 | 63 192 | 2.74% | 24.66% |
Mauritian Eagle Insurance | 1 148 201 | 32 551 | 1 184 417 | 34 135 | -3.06% | 12.57% |
State Insurance Company of Mauritius (SICOM) | 789 020 | 22 369 | 757 040 | 21 818 | 4.22% | 8.64% |
Phoenix Insurance | 418 278 | 11 858 | 389 016 | 11 211 | 7.52% | 4.58% |
The New India Assurance | 411 765 | 11 674 | 359 010 | 10 347 | 14.69% | 4.51% |
Jubilee Insurance | 354 055 | 10 037 | 340 592 | 9 816 | 3.95% | 3.88% |
Lamco International Ins. | 242 892 | 6 886 | 237 407 | 6 842 | 2.31% | 2.66% |
GFA Insurance | 188 665 | 5 349 | 192 588 | 5 550 | -2.04% | 2.07% |
SWAN SPECIALITY RISK | 143 179 | 4 059 | 129 652 | 3 737 | 10.43% | 1.57% |
Sun Insurance | 110 225 | 3 125 | 137 053 | 3 950 | -19.57% | 1.21% |
Quantum Insurance Mauritius | 82 776 | 2 347 | 70 143 | 2 022 | 18.01% | 0.91% |
Indian Ocean General Assurance (IOGA) | 58 899 | 1 670 | 59 881 | 1 726 | -1.64% | 0.64% |
Credit Guarantee Ins-CGI | 52 929 | 1 501 | 44 133 | 1 272 | 19.93% | 0.58% |
Total | 9 135 470 | 258 991 | 8 746 339 | 252 069 | 4.45% | 100% |
Mauritius life insurance industry: GWP per company
Figures in thousands| 2018 turnover | 2017 turnover | 2017-2018 (2) evolution | 2018 market shares | |||
|---|---|---|---|---|---|---|
| In MUR (1) | In USD | In MUR (1) | In USD | |||
SICOM Life | 6 384 254 | 180 993 | 4 746 444 | 136 792 | 34.51% | 50.13% |
SWAN Life | 4 394 991 | 124 598 | 4 026 741 | 116 051 | 9.15% | 34.51% |
La Prudence Mauricienne | 1 034 009 | 29 314 | 876 773 | 25 269 | 17.93% | 8.12% |
Life Insurance Corporation | 420 125 | 11 911 | 396 458 | 11 426 | 5.97% | 3.30% |
Island Life Assurance | 370 124 | 10 493 | 246 660 | 7 109 | 50.05% | 2.91% |
Metropolitan Insurance Mauritius | 119 498 | 3 388 | 120 481 | 3 472 | -0.82% | 0.94% |
Phoenix Insurance | 7 849 | 223 | 8 902 | 257 | -11.83% | 0.06% |
Lamco International Insurance | 3 187 | 90 | 3 672 | 106 | -13.21% | 0.03% |
Indian Ocean General Assurance -IOGA | 1 944 | 55 | 2 376 | 68 | -18.18% | 0.02% |
Total | 12 735 981 | 361 065 | 10 428 507 | 300 550 | 22.13% | 100% |
Mauritius insurance industry: GWP per class of business
Figures in thousands| 2018 turnover | 2017 turnover | 2017-2018 (2) evolution | 2018 market shares | |||
|---|---|---|---|---|---|---|
| In MUR (1) | In USD | In MUR (1) | In USD | |||
Motor | 3 449 140 | 97 782 | 3 316 054 | 95 568 | 4.01% | 15.77% |
Accident and health | 2 457 314 | 69 664 | 2 315 073 | 66 720 | 6.14% | 11.24% |
Property damage | 1 347 293 | 38 196 | 1 291 072 | 37 209 | 4.35% | 6.16% |
Third party liability | 545 715 | 15 471 | 716 842 | 20 659 | -23.87% | 2.50% |
Miscellaneous accident | 484 911 | 13 747 | 420 748 | 12 126 | 15.25% | 2.22% |
Marine | 458 933 | 13 011 | 377 572 | 10 882 | 21.55% | 2.10% |
Engineering | 325 221 | 9 220 | 257 625 | 7 425 | 26.24% | 1.49% |
Credit-bond | 66 943 | 1 900 | 51 353 | 1 480 | 30.36% | 0.31% |
Total non-life | 9 135 470 | 258 991 | 8 746 339 | 252 069 | 4.45% | 41.77% |
Total life | 12 735 981 | 361 065 | 10 428 507 | 300 550 | 22.13% | 58.23% |
Grand total | 21 871 451 | 620 056 | 19 174 846 | 552 619 | 14.06% | 100% |
(1) Mauritian rupee
(2) Growth rate in local currency
Exchange rate MUR/USD as at 31/12 | 2017 | 2018 |
0.02882 | 0.02835 |
Related article | Mauritian insurance market: 2016-2017
