Mauritania

Axco provides details on the life insurance sector including Mauritanian market participants, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.

The report describes the public and private healthcare system in Mauritania, the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.

Axco reports on the three pillars of Mauritanian pension provision.

• State pension benefits including benefit calculations and eligibility criteria 
• Workplace pension provision; types of schemes calculations eligibility and; tax implications
• Voluntary individual pension provision, type of products and tax implications

The Mauritania report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

• state pensions,
• permanent disability benefit
• occupational accident and disease
• maternity and paternity payments 

Life insurance continues to represent a very small proportion of the overall insurance market in Mauritania, contributing 4.3% of gross written premiums in 2020.

The lack of interest in life insurance is partly due to poverty, but also the result of cultural resistance in what is a profoundly Muslim country. Muslims sometimes disapprove of life insurance, seeing it as interference with the will ....

There is no private pension provision in Mauritania currently due to the poverty of large proportions of the population and the Islamic distrust of insurance, especially life insurance. Specific Islamic insurance products do exist, though most of the life insurance market is understood to be credit life. Banks offer savings accounts which may be used to save for retirement, though specific pension products do not appear to be marketed in the market at present ...

There is a clear interest in healthcare insurance. Some of the interest may be due to the entry of the broker Ascoma into the market; it was said in 2011 that around 90% of its activity concerned health insurance. It is particularly involved regionally in third party health scheme administration. Rema Broking is also very heavily involved in health insurance, and claims to be market leader. Interest in healthcare insurance may also result from the activity surrounding the state's health insurer, the National Health Insurance Fund (CNAM), which started functioning in 2007 ....