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Insurance Industry in Malawi

Malawi has a small and growing insurance industry which encompasses a population of 16.63 million. It grew at a positive growth rate during the review period, recording a CAGR of 14.2% in terms of written premium value. The Malawian insurance industry is regulated by the registrar of Reserve Bank of Malawi (RBM), which is responsible for exerting control over the insurance and allied activities performed by all entities in the industry, including insurance companies, reinsurance companies, insurance brokers, loss adjusters and intermediaries. Over the forecast period, the insurance industry is expected to be driven by the growing economy and consistent efforts by the regulatory authority such as introduction of new directives to facilitate necessary upgrade. However, falling profitability and a low penetration rate will be the major challenges faced by Malawian insurers.

Scope

This report provides a comprehensive analysis of the insurance industry in Malawi:

It provides historical values for the Malawian insurance industry for the reports 2008-2012 review period and forecast figures for the 2012-2017 forecast period

It offers a detailed analysis of the key segments and categories in the Malawian insurance industry, along with industry forecasts until 2017

It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions

It profiles the top insurance companies in Malawi and outlines the key regulations affecting them

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