Products & Services

FACULTATIVE REINSURANCE WITH THE FOLLOWING CAPACITIES:

Fire $30,000, 000 Per Risk
Engineering $ 27,500, 000 Per Risk
Marine Hull & Cargo $  9, 500, 000 Per Risk
Marine Liabilities $  5, 500, 000 Per Risk
Miscellaneous Accident $  8, 500, 000 Per Risk
Aviation $      100, 000 Per Risk
Motor $      100, 000 Per Risk

 

TREATY REINSURANCE WITH THE FOLLOWING CAPACITIES

Fire $2, 000, 000 Per Company Per Program
Engineering $2 000, 000 Per Company Per Program
Marine Hull and Cargo $2, 000, 000 Per Company Per Program
Miscellaneous Accident $    500, 000 Per Company Per Program
Motor $    200, 000 Per Company Per Program


RISK MANAGEMENT SERVICES

MOZRE provides Risk Management surveys and risk consulting services to our clients thereby assisting them in underwriting profitably.

 

TRAINING SUPPORT

MOZRE offers both on site tailor-made training and off site annual industry training programs in all classes of short-term insurance.

PREMIUM DEVELOPMENT IN METICAIS

Five Years Income Statement – in millions Meticais

2011 2012 2013 2014 2015 2016
Gross Written Premium 214.6 235.1 258.8 268.9 292.6 352..5
Retrocession Premium (90.5) (103.8) (113.3) (112.4) (144.8) (148.2)
Net Written Premium 124.2 131.1 145.5 156.5 147.8 204.3
(Increase)/Decrease in Insurance Funds (0.2) (17.1) 23.9 3.4 (5.9) (12.4)
Net Premium Earned 123.9 114.1 169.4 160.0 141.8 191.8
Claims Incurred, Commission & Expenses (108.2) (112.9) (115.7) (151.5) (167.4) (275.1)
Underwriting Profit/(loss) 15.8 1.2 54.0 8.5 (25.6) (83.3)
Investment & Other Incomes less Taxation 3.0 3.6 (28.7) 3.2 42.7 93.9
Net Income After Tax 18.8 4.8 25.3 11.7 17.3 21.5

 

Five Years Statement of Financial Position – in millions Meticais

2011 2012 2013 2014 2015 2016
Shareholder Funds 34.9 38.7 62.6 74.5 124.9 146.4
Insurance Funds 57.7 74.8 50.8 47.3 53.2 65.6
Other Liabilities 51.2 74.4 119.2 133.6 167.8 238.0
Capital & Liabilities 143.8 187.9 232.6 255.5 345.9 450.0
Fixed Assets 7.8 11.0 6.1 5.8 4.4 2.7
Investments 2.0 28.5 79.1 81.98 99.2 115.6
Cash, Deposits Plus Other Current Assets 134.0 148.4 147.4 168.35 242.3 331.7
Total Assets 143.8 187.9 232.6 255.5 345.9 450.0