| Life premium volume (USD) | 389 mn |
|---|---|
| Non-life premium volume (USD) | 181 mn |
| Total premium volume | 570 mn |
| Total premium volume (MUR) | 18 bn |
| Insurance penetration: Premiums in % of GDP | 5.70% |
| Insurance density: Premium / capita USD | 456 |
| Local currency | MUR |
| Domestic life insurers | 8 |
|---|---|
| Domestic non-life insurers | 15 |
| Domestic composite insurers | 0 |
| Foreign life insurers | 0 |
| Foreign non-life insurers | 0 |
| Foreign composite insurers | 0 |
| Domestic reinsurers | 0 |
| Foreign reinsurers | 5 |
| State-owned insurers | 2 |
| State-owned reinsurers | 0 |
| Insurance intermediaries | 40 |
| Reinsurance intermediaries | 76 |
| Overarching principle in insurance supervision | Financial supervision |
|---|---|
| Requirement for minimum insurance rates | No |
| Cross-border insurance allowed | No |
| Bancassurance is allowed | No |
|---|---|
| Allowed ownership structures | Translation missing: en.country_dashboard.allowed_ownership_structures_values.0 |
| Foreign ownership restrictions | No |
| Minimum capital requirement | 25,000,000 MUR |
| Minimum paid-up share capital | 0 |
| 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 | Yes |
| Ceded reinsurance is regarded as a permissible asset | Yes |
| Compulsory insurance lines | Motor-third party liability Workmens compensation Liability (pleasure craft third-party liability passenger liability for pleasure craft owners, professional indemnity for brokers, marine oil pollution insurance, clinical trials liability) |
| Compulsory reinsurance cessions | Yes |
| Established guarantee or policyholder protection fund | Yes |
|---|
