Press release
Mozambique Insurance Industry Indicate Signs to Flourish: Ken Research
Mozambique Life Insurance Market
It grants a comprehensive overview of the Mozambican economy and demographics, and provides detailed information on the competitive landscape in the country. It also includes analysis of the impact of natural hazards on the insurance industry.
It offers a detailed analysis of the key segments in the Mozambican insurance industry, with market forecasts to 2020 and profiles the top insurance companies in Mozambique, and highlights recent developments. Report ascertains growth opportunities and market dynamics in key segments and assesses the competitive dynamics in the Mozambican insurance industry.
Key Market Dynamics
In 2014, only 24% of adults in urban areas had an access to the formal financial services and gradually this percentage was expected to rise in the coming years with innovation and improvements.
According to the International Monetary Fund (IMF), Mozambique has maintained its rank among the fastest-growing economies in the world partly due to export of coal which placed it on the list of global exporters of mineral resources and partly because of the discovery of offshore natural gas that garnered international interest and investment. As a result, the insurance industry benefited and registered a CAGR of 28.6% during the review period.
The life segment reckoned for 18% of the industry's gross written premium whereas the personal accident and health segment accounted for 10.3% of the industry's gross written premium in 2015.
In 2015, there were mainly 18 operational insurance companies, which included 4 composite, 3 life and 11 non-life insurers.
The insurance sector in Mozambique has evolved magnificently in the recent years and the country at present has 18 insurance companies and more than 64 brokers, as told by the president of the Mozambican Insurance Supervision Institute.
The numbers of operators, policy holders and the amounts of premium paid have grown significantly but at the same time Otilia Santos has supported the insurance market in Mozambique currently.
The amelioration viewed in the insurance business is because of the efforts made by operators since, along with signing contracts; they educate and aware the general public too. This growth is eventually forecasted to occur in the future years as well where more and more public is aware and wants to get insured for merely everything that can prove to be a risky venture.
Topics Covered in the Report
Global insurance industry research
Mozambique Insurance Sector
Mozambique Life Insurance Market
Mozambique Insurance Industry Future
Mozambique Insurance Industry Trends
Mozambique Insurance Sector Regulations
Mozambique Life Insurance gross Written Premium
Mozambique Life Insurance Market size
Mozambique Life Insurance Market trends
Mozambique Life Insurance Market growth
Mozambique Life Insurance Market analysis
Mozambique Life Insurance Market share
Mozambique Life Insurance Market future
For more coverage click on the link below:
https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/insurance-industry-mozambique-key-trends/81988-93.html
Related links:
https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/iran-insurance-market-research-report/427-93.html
https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/bahrain-insurance-market-research-report/425-93.html
Contact:
Ken Research
Ankur Gupta,
Head Marketing & Communications
query@kenresearch.com
+91-124- 4230204
www.kenresearch.com
Ken Research is a Global aggregator and publisher of Market intelligence research reports, equity reports, data base directories and economy reports. Our market research reports provides market sizing analysis, insights on promising industry segments, competition, future outlook and growth drivers in the space. The company is engaged in data analytics and aids clients in due-diligence, product expansion, plant setup, acquisition intelligence to all the other gamut of objectives through our research focus.
Ken Research
Ankur Gupta,
Head Marketing & Communications
query@kenresearch.com
+91-124- 4230204
www.kenresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Mozambique Insurance Industry Indicate Signs to Flourish: Ken Research here
News-ID: 430226 • Views: …
More Releases from Ken Research Pvt Ltd
Increase in cybercrime results in India Digital Forensic Market to rise, with an …
With the rise in digital threats and cybercrimes, India Digital Forensic Market makes successive changes like integration of Artificial Intelligence, and marking its overall growth.
STORY OUTLINE
Using techniques like Data Recovery, Log Analysis and more, India Digital Forensic Market enhances its Computer Forensics.
Upgrades towards Network and Mobile Forensics are improving in cyber threats prevention, marking its increase in efficiency and security.
With the incorporation of Cloud Based services, advanced methods and easy…
Global Health Insurance market is expected to grow at a CAGR of ~6% by 2028: Ken …
Due to recent pandemic of Covid 19 health insurance market has grabbed growth ensuring economic help to comman man for better health care facilities with easy money handling and increasing awareness especially after COVID 19.
STORY OUTLINE
Launch of new policies, mergers, acquisitions and partnerships to propel growth in future
Covid 19 has a huge impact on the health insurance market on Global level.
Factors, which are responsible for the growth, are the higher…
Exploring the Investment Landscape in the UK Agricultural Equipment Market
Anticipated to achieve a CAGR of approximately 3.5% (2022-2027), the UK's agricultural equipment market expanded between 2014 and 2018, yet faced a significant downturn in 2019-2020 due to COVID-19.
STORY OUTLINE
The investment landscape in the UK agricultural equipment market is diverse, offering a spectrum of opportunities from established manufacturers to startups driving disruptive change.
Investors can benefit from the technological prowess of leading manufacturers like John Deere, CNH Industrial, and AGCO Corporation…
Unveiling the Thriving Landscape of UAE's IT Service Market
The IT services sector encompasses a diverse range of offerings, including but not limited to Cloud services, Cloud Applications, Datacenters, Artificial Intelligence (AI), Consulting Services, Connectivity Solutions, Security services, and other related services.
STORY OUTLINE
Digital Transformation Drive: UAE's IT market thrives on visionary government initiatives like "Smart Dubai" and "UAE Vision 2021," spurring sectoral evolution.
Cloud's Ascendancy: Rapid cloud adoption, coupled with AI, IoT, and blockchain, reshapes industries for scalability and innovation.
Security…
More Releases for Mozambique
Mozambique Agriculture Market, Mozambique Agriculture Industry, Agriculture Grai …
The Agriculture has always been of abundant importance for Mozambique, as feeding the world’s principal population is not an easy undertaking. The Mozambique government has been supportive the agriculture industry with a sum of policies, trying to stabilize the output and pursuing ways to ensure the sector is developing healthily and sustainably. The Mozambique federal government has been exceedingly supportive of agriculture for decades, and there is wide-ranging political consensus…
Astellia To Supply CEM Solution To Vodacom Mozambique
AfricaCom, Cape Town, South Africa, November 13th 2012 - Astellia, a leading provider of monitoring solutions for the optimization of mobile network QoS and QoE, joins hands with Vodacom Mozambique to implement its VIP Care CEM solution. The application is intended to improve customer satisfaction and customer loyalty particularly amongst high value subscribers.
Vodacom is the second largest MNO in Mozambique and is since 2009 majority owned by Vodafone,…
Paintings by Czech children will go to Mozambique
The Helping Africa Charity Drive, which is being organized by the Gonarezhou Transfrontier Park and the Community Development Program, is mainly providing the collection of material gifts for the residents of Africa. One of the sponsors, the Elementary school Brigádníků in Prague, has decided to express its solidarity in another way. The school management has sent the African children 51 paintings, which were painted by Czech students.
After the summer vacations…
Mauritius firm to develop land in Mozambique
Mauritius-based, British American Investment Co. (Mtius) Ltd, is contemplating to use several thousand hectares of land in Mozambique for one of the largest food security and renewable energy exercises of its kind undertaken by a local company.
With soaring costs and dependency on fossil fuels and looming food security concerns, the business group estimates that large-scale production of food crops and green energy initiatives could result in significant savings every year.
This…
Tramincorp helps the residents of Mozambique through the “Community Developmen …
PRAGUE, May 2nd, 2011 – Development of new elementary schools and water reservoirs was started in Mozambique, Africa in April of 2011 as part of the “Gonarezhou Community Development Program” project. The individual projects will be realized for the residents living on land that is part of the Gonarezhou Transfrontier Park. The main objectives of this program helping to develop the community in the area are to provide the residents…
BMW Invelt and EFEKTIM help in Mozambique
Since January 2011 the charity drive “Help the Children of Africa”, which in the Czech Republic is organized by EFEKTIM, is getting ready to help the children in Mozambique, Africa. The most prominent authorized partner of BMW AG in the Czech Republic, the company BMW Invelt, has decided to also support the charity drive.
“Thanks to the charity drive “Help the Children of Africa” we’ve collected material donations in the form…
