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June 21, 2022updated 28 Jun 2022 12:10pm

The five leading life insurance and pension companies in Eswatini in 2020

By Carmen

The Eswatini life insurance and pension market witnessed an increase at a compound annual growth rate (CAGR) of 6.4% from $0.1bn in 2015 to $0.1bn in 2020.

As per the data, the leading companies occupied 93.7% of Eswatini’s total life insurance and pension market.

1. Eswatini Royal Insurance

Eswatini Royal Insurance ranked number one in the country, reporting a growth of 5.8% compared with the previous year’s premium. Its position among the leading life insurance and pension companies remained unchanged over its ranking in the previous year.

2. Old Mutual Life Assurance(Swaziland)

Ranking number two in Eswatini’s life insurance and pension market was Old Mutual Life Assurance(Swaziland) . The company registered a 32.3% growth compared with the premium in 2019. Among the leading life insurance and pension companies, its position remained unchanged when compared with its previous years ranking.

3. Metropolitan Life Swaziland

Metropolitan Life Swaziland ranked number three in Eswatini’s life insurance and pension market. Compared with previous year’s premium, the company registered a growth 26.1%. Its position among the leading life insurance and pension companies remained unchanged over its ranking in the previous year.

4. Liberty Life Swaziland

Liberty Life Swaziland, which ranked number four in Eswatini’s life insurance and pension market, registered a 13.6% growth compared with last year’s premium. Its position among the leading life insurance and pension companies remained unchanged over its ranking in the previous year.

5. Dups Direct Insurance

Dups Direct Insurance ranked number five in Eswatini’s life insurance and pension market. The company registered a growth of 5.5% compared with last year’s premium. Its position among the leading life insurance and pension companies remained unchanged over its ranking in the previous year.

Methodology

This analysis is drawn from GlobalData’s Company LoB Breakdowns Database, which tracks key insurance metrics across segments, categories, and line of businesses for more than 150 markets, globally. The data is sourced from regulatory authority/industry association/company SFCR. This data is mapped to segments and categories as per our standard Industry Native Taxonomy Structure. The calculations are based on premiums standardised by the following order of preference Gross Written Premiums > Direct Written Premiums > Net Earned Premiums > Net Written Premiums. Verdict’s parent company GlobalData provides business information to 4,000 of the world’s largest companies.

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