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Mauritius insurance industry: 2017 turnover

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Magazine Issue: 
Reinsurance in a stalemate [3]
Magazine date: 
Nov 2018

Mauritius insurance industry: turnover per non life insurance company (2016-2017)

Figures in thousands
 2017 turnover2016 turnover2016-2017 (2) evolution2017 market shares
In MUR (1)In USDIn MUR (1)In USD
SWAN
2 652 73581 1472 401 07469 39110.48%30.33%
Mauritius Union Assurance
2 192 67367 0741 905 21855 06115.09%25.07%
Mauritian Eagle Insurance
1 184 41736 2311 166 44133 7101.54%13.54%
State Insurance Company of Mauritius
757 04023 158732 36821 1653.37%8.66%
Phoenix Insurance
389 01611 900343 6119 93013.21%4.45%
The New India Assurance
359 01010 982335 5869 6986.98%4.11%
Jubilee Insurance
340 59210 419316 4159 1447.64%3.90%
Lamco International Insurance
237 4077 262233 3996 7451.72%2.71%
GFA Insurance
192 5885 891183 7705 3114.80%2.20%
Sun Insurance
137 0534 19294 9122 74344.40%1.57%
Swab Specialty Risks
129 6523 966132 0073 815-1.78%1.48%
Quantum Insurance Mauritius
70 1432 14642 5251 22964.94%0.80%
Indian Ocean General Assurance (IOGA)
59 8811 83259 0371 7061.43%0.68%
Credit Gurantee Insurance-CGI
44 1331 35060 9681 762-27.61%0.50%
Total
8 746 339267 5518 007 330231 4129.23%100%

Mauritius insurance industry: turnover per life insurance company (2016-2017)

Figures in thousands
 2017turnover2016turnover2016-2017 (2) evolution2017 market shares
In MUR (1)In USDIn MUR (1)In USD
SICOM Life
4 746 443145 1944 311 373124 59910.09%45.51%
SWAN Life
4 026 741123 1783 859 237111 5324.34%38.61%
La Prudence Mauricienne
876 77326 821778 78922 50712.58%8.41%
Life Insurance Corporation
396 45812 128385 28311 1352.90%3.80%
Island Life Assurance
246 6607 545213 1716 16115.71%2.36%
Metropolitan Insurance Mauritius
120 4813 686157 4324 550-23.47%1.16%
Phoenix Insurance
8 9022729 841284-9.55%0.09%
Lamco International Insurance
3 6721123 962115-7.32%0.04%
Indian Ocean General Assurance - IOGA
2 376732 82682-15.92%0.02%
Total
10 428 507319 0089 721 915280 9637.27%100%

Mauritius insurance industry: turnover per class of business (2016-2017)

Figures in thousands
  2017 turnover 2016 turnover2016-2017 (2) evolution2017 market shares
In MUR (1)In USDIn MUR (1)In USD
Motor
3 316 054101 4383 076 76788 9197.78%17.29%
Accident and health
2 315 07370 8182 100 27460 69810.23%12.07%
Property damage
1 291 07239 4941 178 00434 0440.64%6.73%
Third party liability
716 84221 928543 92815 72031.79%3.74%
Other risks
420 74812 871370 34010 70313.61%2.20%
Marine
377 57211 550403 51111 661-6.43%1.97%
Engineering
257 6257 881267 8177 740-0.06%1.34%
Credit-bond
51 3531 57166 6891 927-23.00%0.27%
Total non life
8 746 339267 5518 007 330231 4129.23%45.61%
Total life
10 428 507319 0089 721 915280 9637.27%54.39%
Grand total
19 174 846586 55917 729 245512 3758.15%100%

(1) Mauritian rupee
(2) Growth rate in local currency

Mauritius insurance industry: breakdown of turnover per class of business in 2017

Mauritius turnover class of business 2017 Source: Financial Services Commission (FSC) Mauritius
Exchange rate
MUR/USD as at 31/12
2016
2017
0.02890
0.03059
Mauritius
Thu, 15/11/2018 - 10:42

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[3] https://www.atlas-mag.net/en/issue/reinsurance-in-a-stalemate
[4] https://www.atlas-mag.net/en/article/mauritius-insurance-industry-in-2018-gwp-per-company-and-class-of-business
[5] https://www.atlas-mag.net/en/article/the-mauritian-insurance-market-2012-2016