The Insurance Industry in Zimbabwe, Key Trends and Opportunities to 2019 – Research and Markets

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/337gr6/the_insurance) has announced the addition of the "The Insurance Industry in Zimbabwe, Key Trends and Opportunities to 2019" report to their offering.

'The Insurance Industry in Zimbabwe, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Zimbabwean insurance industry.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2010-2014) and forecast period (2014-2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Zimbabwean economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Key Highlights:

- The industry grew at a review period (2010-2014) compound annual growth rate (CAGR) of 27.7%.

- In terms of gross written premium, the top three companies in life segment accounted for 82.7% of the market share in 2015, while the top three funeral insurers accounted for 86.4% and the four largest non-life insurers accounted for 50.0%.

- To reduce operational expenses in terms of commissions paid to brokers, insurers are focusing on developing digital platforms - particularly mobile networks - to deliver the service.

- Over the forecast period, the process of recapitalization will improve the underwriting capacity, and result in more capable and reputable insurers in the Zimbabwean insurance industry.

- Developing consumer-centric products to provide insurance services to rural low-income population is expected to increase the penetration rate and drive the industry over the forecast period.

Key Topics Covered:

1 Key Facts and Highlights

2 Executive Summary

3 Introduction

4 Economy and Demographics

5 Zimbabwean Insurance Industry Overview

6 Distribution Channel Outlook

7 Natural Hazards

8 Competitive Landscape

9 Governance, Risk and Compliance

10 Appendix

Companies Mentioned

- Alliance Insurance Company (Pvt) Ltd

- Cell Insurance Company (Pvt) Ltd

- NicozDiamond Insurance Ltd

- Old Mutual Life Assurance Company Zimbabwe Ltd

- Zimnat Lion Insurance Company Ltd

For more information visit http://www.researchandmarkets.com/research/337gr6/the_insurance

View source version on businesswire.com: http://www.businesswire.com/news/home/20160229006676/en/

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Source: Research and Markets