Lewes, DE -- (SBWIRE) -- 07/30/2014 -- The Zimbabwean economy is recovering after registering extremely high inflation and external debt. The stabilization and slow recovery of the economy followed the formation of the Government of National Unity in 2009, a coalition government, and the introduction of the multi-currency regime in the same year. The slow economic recovery supported the growth of the insurance industry, which grew at a CAGR of 43.5%. The strong performance of the life segment also supported the growth of the Zimbabwean insurance industry. The industry is expected to grow at a forecast-period CAGR of 17.3%.
- The Zimbabwean economy is recovering after registering extremely high inflation and external debt.
- The Zimbabwean economy is largely dependent on mineral and agricultural products, making these the driving factors for the growth during the review period.
- Life insurance was the largest segment in the industry, accounting for 55.5% of gross written premium in 2013.
- The life insurance segment is highly concentrated, as the three leading companies accounted for 81.9% of the segment’s gross written premium in 2013.
- The non-life segment is moderately fragmented, as the three leading companies accounted for 39.4% of the total market share in terms of gross written premium in 2013.
Spanning over 150 pages, 94 Tables and 101 Figures “The Insurance Industry in Zimbabwe, Key Trends and Opportunities to 2018” report covering Executive Summary, Introduction, Zimbabwean Insurance Industry Overview, Industry Segmentation, Governance, Risk and Compliance, Competitive Landscape, Economic Indicators, Appendix. This report Covered 5 Companies - Old Mutual Life Assurance Company, Nyarado Funeral Assurance Company, RM Insurance Company (PVT) Ltd, NicozDiamond Insurance Ltd, Alliance Insurance Company.
Know more about this report at: http://www.marketresearchreports.com/timetric/insurance-industry-zimbabwe-key-trends-and-opportunities-2018
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