Insurance Industry in Malawi - Trends and Opportunities

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Trends on Insurance Industry in Malawi 2019
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Summary
'The Insurance Industry in Malawi, Key Trends and
Opportunities to 2019' report provides in-depth
market analysis, information and insights into
the Malawian insurance industry, including -
The Malawian insurance industry's growth
prospects by segment and category - A
comprehensive overview of Malawi's economy and
demographics - Details of the competitive
landscape in the Malawian insurance industry -
Analysis of the distribution channels in the
Malawian insurance industry
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Synopsis 'The Insurance Industry in Malawi, Key
Trends and Opportunities to 2019' report provides
detailed analysis of the Malawian 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 (20102014) and forecast period
(20142019). The report also analyzes
distribution channels operating in the industry,
gives a comprehensive overview of the Malawian
economy and demographics, and provides detailed
information on the competitive landscape in the
country.
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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 20102014
review period, and projected figures for the
20142019 forecast period. - It offers a
detailed analysis of the key segments in the
Malawian insurance industry, and market forecasts
to 2019. - It covers an exhaustive list of
parameters, including written premium, incurred
loss, loss ratio, combined ratio, total assets,
total investment income and retentions. - It
analyzes the various distribution channels in
Malawi.
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Reasons To Buy - Make strategic business
decisions using in-depth historic and forecast
market data related to the Malawian insurance
industry and each segment and category within
it. - Understand the demand-side dynamics, key
market trends and growth opportunities in the
Malawian insurance industry. - Assess the
competitive dynamics in the Malawian insurance
industry. - Identify growth opportunities and
market dynamics in key segments. - Gain insights
into key regulations governing the Malawian
insurance industry and their impact on companies
and the industry's future.
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Key Highlights - As of 2014, there were four
life insurers, six general insurers and one
reinsurer operating in the country. - Changing
market demands resulted in the introduction of
new insurance products by Malawian insurers to
expand the customer base. - Over the forecast
period, the large rural population and their
dependence on agriculture is expected to drive
demand for micro insurance products in life,
funeral, health and agriculture for the
low-income population.
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- To reduce operational expenses, in terms of
commissions paid to brokers and agents, insurers
are focusing on developing alternate distribution
channels such as banks, mobile phones and the
internet. - Developing customer centric
products, making people aware of insurance
benefits through newspapers, televisions and
radio, and improving the service delivery methods
through digital platforms and transparency in
business are expected to support the insurance
industrys growth over the forecast period.
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Table of Contents
1 Key Facts and Highlights 2 Executive Summary 3
Introduction 4 Economy and Demographics 5
Malawian Insurance Industry Overview 6
Distribution Channel Outlook 7 Natural Hazards 8
Competitive Landscape
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To view the full Executive Summary and Table
of Contents, please visit Trends on Insurance
Industry in Malawi 2019 Contact Us- Phone
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