Namibia

The country profile below provides information on population, gross domestic product, insurance premiums and leading insurers.

Insurance Association

Namibia Insurance Association
Web: www.mbendi.com

 

POPULATION, 2011-2014 (1)

Year Population
2011 2,147,585
2012 2,165,828
2013 2,182,852
2014 2,198,406

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Year GDP
2009 $11.6
2010 NA
2011 14.6
2012 15.5
2013 17.8

(1) Based on Purchasing Power Parity calculations, which take into account the relative cost of living and inflation rates of countries. GDP estimate for July for each year shown.

NA=Data not available.

Source: U.S. Central Intelligence Agency.

 

 

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $279
Life premiums 664
Total premiums $944
Percent of total world premiums 0.02%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 3/2014.

View Archived Tables

 

 

LEADING NONLIFE INSURANCE COMPANIES, 2009

  Gross written premiums 
Company ZAR Mn USD Mn
Santam 373.0 44.0
M&F 339.9 40.1
Hollard 242.1 28.6
Corporate Guarantee 127.3 15.0
Western 91.0 10.7
Legal Shield 48.6 5.7
Swabou 46.8 5.5
Prosperity 30.2 3.6
Guardrisk 29.2 3.5
NASRIA 14.0 1.7

Source: Axco Insurance Information Services.

 

 

LEADING LIFE INSURANCE COMPANIES, 2009

  Gross written premiums
Company NAD Mn USD Mn
OMLAC 1,798.7 212.3
Sanlam Life Namibia 751.0 88.6
Metropolitan 488.7 57.7
Sanlam Namibia 458.1 54.1
Investment Solutions 331.4 39.1
Momentum 183.0 21.6
Prosperity 74.9 8.8
PPS 60.7 7.2
Namlife 60.3 7.1
Trustco Life 44.3 5.2

Source: Axco Insurance Information Services.