| Life premium volume (USD) | 280 mn |
|---|---|
| Non-life premium volume (USD) | 133 mn |
| Total premium volume | 413 mn |
| Total premium volume (BWP) | 3 bn |
| Insurance penetration: Premiums in % of GDP | 3.00% |
| Insurance density: Premium / capita USD | 206 |
| Local currency | BWP |
| Domestic life insurers | |
|---|---|
| Domestic non-life insurers | |
| Domestic composite insurers | |
| Foreign life insurers | |
| Foreign non-life insurers | |
| Foreign composite insurers | |
| Domestic reinsurers | |
| Foreign reinsurers | |
| State-owned insurers | |
| State-owned reinsurers | |
| Insurance intermediaries | |
| Reinsurance intermediaries |
| Overarching principle in insurance supervision | Material supervision |
|---|---|
| Requirement for minimum insurance rates | No |
| Cross-border insurance allowed | No |
| Bancassurance is allowed | No |
|---|---|
| Allowed ownership structures | Stock Companies, Mutuals |
| Foreign ownership restrictions | No |
| Minimum capital requirement | USD 100k -USD 500k |
| Minimum paid-up share capital | Yes (Case by Case Ministry Decision) |
| Requirement for independent audits | Yes |
| Requirement to appoint actuaries | Yes |
| Premium rate approval needed | No |
| Solvency referred to as the difference between assets and liabilities | Yes |
|---|---|
| RBC (Risk-based capital) principles applied | No |
| Ceded reinsurance is regarded as a permissible asset | Yes |
| Compulsory insurance lines | Motor TPL, WC |
| Compulsory reinsurance cessions | No |
| Established guarantee or policyholder protection fund | Yes |
|---|
