Timetrics 'The Insurance Industry in Mali, Key Trends and Opportunities to 2021' report provides detailed analysis of the market trends, drivers and challenges in the Malian 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 (2012-2016) and forecast period (2016-2021).
The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Malian economy and demographics, and provides detailed information on the competitive landscape in the country.
The report brings together Timetrics research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.
Timetrics 'The Insurance Industry in Mali, Key Trends and Opportunities to 2021' report provides in-depth market analysis, information and insights into the Malian insurance industry, including:
This report provides a comprehensive analysis of the insurance industry in Mali:
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Make strategic business decisions using in-depth historic and forecast market data related to the Malian insurance industry and each segment and category within it.
On July 17, 2017, the World Bank approved the Rural Mobility and Connectivity Project. The aim of the project is to strengthen the countrys infrastructure. It granted XOF4.1 billion (US$70.0 million) for the Rural Mobility and Connectivity Project, which focuses on enhancing the transportation facilities of farming communities to market areas and regions of basic services.
In May 2016, the Commission Regional des Assurances (CRCA) which is the regional insurance regulatory authority for all the Confrence Interafricaine des Marchs d'Assurances (CIMA) member states, issued a draft regulation aimed at introducing regulatory framework on electronic insurance - the distribution of insurance products through electronic channels such as mobile phones and the internet. The proposed regulations are expected to develop and promote the e-distribution of insurance products.
On April 8 2016, new guidelines for the calculation of solvency margins for life and supplementary health insurance were introduced through Regulation No. 001/CIMA/PCMA/CE/2016, which amended Article 337-3 of the Chartered Institute of Management Accountants Code.
In October 2015, Orange entered into a partnership with Mali NSIA, a microinsurance company, to introduce a savings product called Sini Tonon. It is associated with a mobile wallet which allows clients to make small contributions towards their savings on the Orange Money platform. This product was launched with the aim of addressing the need for covering womens medical issues.