Mauritius has developed one of the most stable and regulated insurance markets in the Indian Ocean region, supported by strong solvency ratios, growing premium collections, and regional expansion by leading insurers. The country’s insurance sector continues to grow steadily, with general insurance premiums exceeding MUR 19.4 billion, dominated by a few major players controlling over 70% of market share.
1. SWAN Insurance Group
SWAN is Mauritius’ largest insurance group by turnover and market dominance, offering life, health, corporate, and general insurance solutions across individuals and enterprises.
Average Score: ⭐ 94/100
Services Offered: Life insurance, Motor & property insurance, Health insurance, Pension & investment plans,
Address: Swan Centre, Intendance Street, Port Louis, Mauritius
Location: Port Louis
Contact: Available via Official Website
Insights: SWAN consistently leads the Mauritian insurance sector with approximately 27% general insurance market share, making it the country’s strongest insurance brand by revenue presence.
2. Mauritius Union Assurance (MUA) Ltd
MUA is one of Mauritius’ largest publicly listed insurers providing diversified insurance, pension, and investment services across Africa and the Indian Ocean.
Average Score: ⭐ 92/100
Services Offered: General insurance, Life insurance, Corporate insurance, Marine & aviation insurance
Address: 4 Léoville L’Homme Street, Port Louis, Mauritius
Location: Port Louis
Contact: Available via Official Website
Insights:MUA holds nearly 22% market share in general insurance and maintains strong regional operations across East Africa, strengthening its long-term revenue growth.
3. State Insurance Company of Mauritius (SICOM)
SICOM is a state-owned insurance leader known for stability, long-term savings products, and large institutional customer coverage.
Average Score: ⭐ 93/100
Services Offered: Life insurance, Motor insurance, Property insurance, Investment management
Address: SICOM Tower, Wall Street, Ebene Cybercity, Mauritius
Location: Ebene
Contact: Available via Official Website
Insights: SICOM reported group revenue of MUR 4.3 billion with strong solvency margins exceeding regulatory requirements, reinforcing market confidence.
4. Mauritian Eagle Insurance Company Ltd
A major non-life insurer focusing on motor, engineering, and commercial insurance solutions.
Average Score: ⭐ 90/100
Services Offered: Motor insurance, Property insurance, Liability insurance, Business risk coverage
Address: Eagle House, 27 Cybercity, Ebene, Mauritius
Location: Ebene
Contact: Available via Official Website
Insights: Mauritian Eagle maintains strong premium income levels and ranks among the top insurers by turnover nationally.
5. National Insurance Company (NIC) Ltd
Government-supported insurer providing affordable coverage solutions for individuals and SMEs.
Average Score: ⭐ 88/100
Services Offered: Motor insurance, Fire & property insurance, Personal accident cover
Address: NIC Building, Sir William Newton Street, Port Louis
Location: Port Louis
Contact: Available via Official Website
Insights: NIC accounts for roughly 11% of market share, making it one of Mauritius’ key insurance institutions.
6. Phoenix Insurance (Mauritius) Ltd
Long-established insurer offering flexible policies for individuals and corporate clients.
Average Score: ⭐ 87/100
Services Offered: Motor insurance, Fire & property insurance, Personal accident cover
Address: Phoenix House, St Jean Road, Quatre Bornes
Location: Quatre Bornes
Contact: Available via Official Website
Insights: Phoenix demonstrates steady growth supported by diversified insurance portfolios and commercial clients.
7. Jubilee Allianz General Insurance Mauritius
Global-backed insurer combining international underwriting expertise with local market services.
Average Score: ⭐ 86/100
Services Offered: Health insurance, Motor insurance, Travel insurance,
Address: Jubilee House, Cybercity, Ebene
Location: Ebene
Contact: Available via Official Website
Insights: Backed by global insurance expertise, Jubilee Allianz strengthens competition through international standards and innovation.
8. The New India Assurance Co. Ltd (Mauritius Branch)
One of the world’s largest public insurers providing cost-effective general insurance solutions.
Average Score: ⭐ 85/100
Services Offered: Motor insurance, Marine insurance, Fire insurance
Address: New India Assurance Building, Sir William Newton Street, Port Louis
Location: Port Louis
Contact: Available via Official Website
Insights: Maintains consistent premium contributions within Mauritius’ competitive general insurance market.
9. LAMCO International Insurance Ltd
Budget-friendly insurance company widely used for motor and personal insurance plans.
Average Score: ⭐ 82/100
Services Offered: Motor insurance, Property insurance,Personal accident insurance
Address: 17 Bourbon Street, Port Louis
Location: Port Louis
Contact: Available via Official Website
Insights: Popular among price-sensitive customers seeking economical insurance coverage options.
10. Sanlam Life Insurance (Mauritius) Ltd
International life insurer delivering retirement planning and investment-linked insurance products.
Average Score: ⭐ 89/100
Services Offered: Life insurance, Retirement plans, Investment-linked policies, Wealth protection
Address: Sanlam Tower, Ebene Cybercity
Location: Ebene
Contact: Available via Official Website
Insights: Sanlam strengthens Mauritius’ life insurance segment through global actuarial expertise.
Summary Comparison Table
| Company | Avg Score | Market Strength | Core Segment | Location |
|---|---|---|---|---|
| SWAN Insurance | 94 | Market Leader | Life & General | Port Louis |
| MUA Ltd | 92 | Regional Expansion | Multi-Line | Port Louis |
| SICOM | 93 | Govt Stability | Life & Pension | Ebene |
| Mauritian Eagle | 90 | Corporate Insurance | Non-Life | Ebene |
| NIC | 88 | Public Insurance | SME Coverage | Port Louis |
| Phoenix Insurance | 87 | General Insurance | Retail & Corporate | Quatre Bornes |
| Jubilee Allianz | 86 | Global Expertise | Health | Ebene |
| New India Assurance | 85 | International Public | General | Port Louis |
| LAMCO | 82 | Affordable Plans | Motor | Port Louis |
| Sanlam Life | 89 | Investment Insurance | Life | Ebene |
Final Thoughts
The Mauritius insurance industry in 2026 remains highly concentrated yet financially resilient, dominated by large insurers such as SWAN, MUA, and SICOM, which together control a significant share of premiums and assets.
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