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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Botswanan non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Botswana's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Botswanan non-life (P&C) market as well as trends by line of business. Axco analysts also report on Botswana's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Botswana's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Botswana, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Botswana, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Botswana with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
Botswana's insurance market is small reflecting a sparse population estimated at only 2.35 million in 2020. This gives it an almost personal quality with many operations based from the same business district in Gaborone. Proximity to the much larger and more advanced South African economy, with the two capitals less than 250 miles (400 km) apart, has been highly influential with South African insurers establishing in the market and ....
This is a brief extract of information; more updated information may be available in the latest published report
