Region · 3 countries

Indian Ocean

Island markets with outsized reinsurance and offshore activity relative to population.

Map highlighting Indian Ocean

All 25 insurers in Indian Ocean

CompanyCountryClassParent / groupOwnershipRegulatorVerification
ARO (Assurances Reassurances Omnibranches)
Market leader
MadagascarCCompositeGovernment / privateState-owned / parastatalCSBFUnverified
MAMA (Mutuelle d'Assurance Malagasy)MadagascarCCompositeMutualMutual / cooperativeCSBFUnverified
Ny HavanaMadagascarCCompositeGovernment of MadagascarState-owned / parastatalCSBFUnverified
Sanlam Allianz MadagascarMadagascarCCompositeSanlam AllianzPan-African groupCSBFUnverified
GFA InsuranceMauritiusGGeneral (Non-life)IndependentDomestic privateFSCUnverified
Island General InsuranceMauritiusGGeneral (Non-life)IndependentDomestic privateFSCUnverified
Jubilee Allianz General Insurance MauritiusMauritiusGGeneral (Non-life)Jubilee Holdings / AllianzPan-African groupFSCUnverified
Lamco International InsuranceMauritiusGGeneral (Non-life)IndependentDomestic privateFSCUnverified
Mauritian Eagle InsuranceMauritiusGGeneral (Non-life)IBL GroupDomestic privateFSCUnverified
Mauritius Union Assurance (MUA)
Also Kenya, Uganda, Tanzania, Rwanda, Seychelles
MauritiusGGeneral (Non-life)MUAPan-African groupFSCUnverified
NIC General Insurance
Successor to BAI
MauritiusGGeneral (Non-life)National Insurance Co (Government)State-owned / parastatalFSCUnverified
Phoenix Insurance (Mauritius)MauritiusGGeneral (Non-life)IndependentDomestic privateFSCUnverified
Quantum InsuranceMauritiusGGeneral (Non-life)IndependentDomestic privateFSCUnverified
Rainbow InsuranceMauritiusGGeneral (Non-life)IndependentDomestic privateFSCUnverified
SICOM General Insurance
State Insurance Co of Mauritius
MauritiusGGeneral (Non-life)SICOM GroupState-owned / parastatalFSCUnverified
Sun Insurance CoMauritiusGGeneral (Non-life)IndependentDomestic privateFSCUnverified
Swan General
SEM-listed
MauritiusGGeneral (Non-life)Swan GroupDomestic privateFSCUnverified
LIC (Mauritius) OffshoreMauritiusLLifeLife Insurance Corp of IndiaForeign multinationalFSCUnverified
MUA LifeMauritiusLLifeMUAPan-African groupFSCUnverified
NIC LifeMauritiusLLifeNational Insurance Co (Government)State-owned / parastatalFSCUnverified
SICOM LifeMauritiusLLifeSICOM GroupState-owned / parastatalFSCUnverified
Swan Life
Formerly Anglo-Mauritius
MauritiusLLifeSwan GroupDomestic privateFSCUnverified
SACOS Group (State Assurance Co of Seychelles)
Life and general subsidiaries
SeychellesCCompositeGovernment of SeychellesState-owned / parastatalFSAUnverified
H Savy InsuranceSeychellesGGeneral (Non-life)IndependentDomestic privateFSAUnverified
MUA SeychellesSeychellesGGeneral (Non-life)MUAPan-African groupFSAUnverified