Eagle Insurance

What Eagle Insurance does

Eagle Insurance Limited is a Mauritius-domiciled short-term (general) insurance company founded in 1973, majority-owned by IBL Ltd (60%) with HWIC Asia Fund/Fairfax Financial Holdings holding 39.12%. The company underwrites and distributes motor (car and motorcycle), home, health, travel, personal accident, boat, golf, marine, and engineering insurance to both individual consumers and corporate clients, ranking as the third-largest general insurer in Mauritius by gross premiums. Gross premium reached MUR 2,035 million in FY2025 with group profit before tax of MUR 128 million and group equity of MUR 948 million.

The company's underlying technology stack is built around a multi-channel digital platform: an eKYC onboarding system powered by Sumsub for FSC/AML-compliant verification, the Eaglenet customer portal for policy management, and the Medscheme-administered member portal and mobile app (Snap & Send digital claims, PayLess direct billing) for health insurance, covering roughly 60,000 lives. Travel policies integrate with Robin Assist for 24/7 global medical assistance across 185+ countries, motor insurance is paired with ADA roadside assistance, and the Wysa Assure AI mental wellness app (developed with Swiss Re and Wysa) is offered as an embedded policyholder benefit. Distribution runs through direct sales agents, accredited agents, brokers (with a dedicated online portal), bancassurance partnerships, the self-serve travelinsurance.eagle.mu e-commerce portal, and physical branches in Ebene and Port Louis.

Revenue is generated primarily through recurring annual premium subscriptions across nine+ insurance product lines, with pricing structured as tiered named plans (e.g., Budget/Premium/Executive/Elite for health; Essential/Comfort/Prestige for home; Essential/Explorer/Premium/Vintage/Golden Years for travel). Go-to-market is hybrid: direct-to-consumer via digital and agent channels, channel partners via brokers and bancassurance, and product-led growth for travel through the online portal. The company also derives investment income from a strategic portfolio including a 20% stake in H.Savy Insurance (Seychelles), a 30% stake in Medscheme (Mauritius), and wholly-owned Eagle Investment Property Limited and Specialty Risk Solutions Limited.

Name

Eagle Insurance

Legal name

Eagle Insurance Limited

Website

https://eagle.mu

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

101–250 employees

Short description

Eagle Insurance is a Mauritius-based short-term general insurer underwriting motor, home, health, travel, personal accident, boat, and marine policies for individuals, SMEs, and corporates. It ranks as the third-largest general insurer in Mauritius by gross premiums and is majority-owned by IBL Ltd and HWIC Asia Fund.

Ownership category

akta.pro rank

Product category

General Insurance

NAICS

Insurance Carriers (5241), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Direct Life, Health, and Medical Insurance Carriers (52411), Insurance Carriers and Related Activities (524)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)

akta.pro primary industry

Travel & Accident (Non-Life) Insurance (FSAJAMAN)

akta.pro secondary industry

Marine & Aviation Insurance (FSAJAMAI)

Keywords

• General insurance
• Short-term insurance
• Motor insurance
• Health insurance
• Travel insurance

Headquarters

HQ city

Ebène

HQ country

Mauritius

HQ region

Africa

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Short-term Insurance Premiums: Eagle Insurance generates the majority of its revenue through premiums collected on short-term (general) insurance policies including motor, home, health, travel, personal accident, marine, and golf insurance. Policies are typically annual contracts with renewal cycles, providing a recurring revenue base. The company reported gross premiums of MUR 2,035 million for FY2025.
2. Investment Income and Financial Stakes: Eagle Insurance holds strategic equity stakes in related companies including Medscheme (Mtius) Limited (30%), H.Savy Insurance Company Limited Seychelles (20%), Specialty Risk Solutions Limited (30%), and fully owns Eagle Investment Property Limited. These investments generate income and reinforce the company's financial stability.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Eagle Insurance is a short-term (general) insurance solutions provider operating in Mauritius. It sells motor (car and motorcycle), home, health, travel, personal accident, boat, golf, and engineering insurance policies to individuals and corporate clients. The company distributes through direct sales agents, physical branches in Ebene and Port Louis, accredited agents, brokers/bancassurance channels, and a self-serve online portal for travel insurance, backed by digital onboarding (eKYC), claims platforms, and 24/7 assistance partnerships.

Product overview

Eagle Insurance is a short-term insurance solutions provider offering a comprehensive portfolio of individual and corporate insurance products in Mauritius. The company operates as a single unified insurance platform with multiple product lines covering motor (car and motorcycle), property (home), health, travel, personal accident, boat, and golf insurance. Digital services include eKYC verification platform, Eaglenet customer portal, and Medscheme health claims administration. Add-on services include MoSofer driver service, Wysa Assure AI mental health support, ADA roadside assistance, and Robin Assist travel assistance.

Differentiator

Problem solved

Functional benefit

Products and services

• Car Insurance Motor vehicle insurance for private cars, available as Comprehensive all-risk cover (own damage, third-party liability, theft, vandalism, natural disasters, windscreen, rodent damage, 24hr road assistance, optional replacement car) or MoTierce third-party cover meeting the legal minimum under the Road Traffic Act 1962.
• Motorcycle Insurance Mandatory motorcycle insurance under Road Traffic Act 1962. Provides comprehensive all-risk cover or third-party liability for injuries and property damage, medical cost reimbursement, and 24/7 towing service.
• Home Insurance Home insurance protecting property and belongings against natural disasters, theft, and unforeseen events. Available in three plan tiers: Essential (basic coverage up to Rs 10M building), Comfort (mid-tier for renters/valuables up to Rs 15M building), and Prestige (premium comprehensive with Rs 500,000 personal all-risks).
• Health Insurance (Eagle CarePlus) Health insurance covering medical expenses and providing access to quality private healthcare. Four plan tiers: Budget (Rs 50,000 inpatient), Premium (Rs 125,000 inpatient + outpatient), Executive (Rs 300,000 inpatient + optical/dental), and Elite (highest level with overseas treatment in Reunion Island, South Africa, or India).
• Travel Insurance Travel insurance for domestic and international trips covering medical emergencies, travel delays, missed connections, trip cancellation, baggage loss/delay, and 24/7 worldwide assistance via Robin Assist. Plans include Leisure (Essential, Explorer, Premium), Business, Corporate Annual, and Senior (Vintage, Golden Years).
• Personal Accident Insurance Standalone personal accident insurance providing 24/7 worldwide coverage with lump sum payment on death or permanent disablement, and medical expenses cover. Sum insured options of Rs 500,000, Rs 1,000,000, Rs 3,000,000, or Rs 5,000,000.
• Boat Insurance Boat insurance mandatory under Mauritian law (minimum third-party coverage). Comprehensive and third-party cover protecting vessels against accidental loss, malicious damage, sinking, theft, cyclone damage, third-party liability, passenger liability, and transit damage.
• Golf Insurance Specialized golf insurance package protecting golfers on and off the course. Covers equipment loss/theft/damage, medical costs from injury, third-party liability, personal accident (death/permanent disability), and hole-in-one celebrations. Offered in partnership with the Mauritius Golf Federation.
• Engineering Insurance Insurance coverage for engineering risks including construction, machinery, and equipment protection, part of Eagle Insurance's short-term commercial insurance portfolio.
• Corporate Insurance Solutions Commercial insurance offerings for SMEs and large enterprises across Mauritius, including group health plans, fleet/commercial motor, business property, marine, engineering, corporate travel, and group accident policies, delivered via dedicated account management.

Quantifiable outcome

• Settled the largest insurance claim ever recorded in Mauritius, exceeding Rs 1 billion in 2023
• +5 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability2 records

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Medscheme (Mtius) LimitedcoreStrategic or Co-development Partner · 1 January 2019Eagle Insurance holds a 30% stake in Medscheme (Mauritius) Ltd, a specialized medical insurance administration and health risk management company. Medscheme administers Eagle's health insurance products, covering approximately 60,000 lives in Mauritius since 1981. Medscheme is a subsidiary of Medscheme Holdings (PTY) Ltd, part of the AfroCentric Group listed on the Johannesburg Stock Exchange. Eagle Insurance CEO Sattar Jackaria serves on the board of Medscheme (Mtius) Limited.
• H.Savy Insurance Company Limited (Seychelles)minorStrategic or Co-development Partner · 1 January 1996Eagle Insurance acquired a 15% stake in H.Savy Insurance Company Limited in 1996, later increased to 20% in 2005. H.Savy is based in Seychelles. Eagle Insurance's Chief Underwriting Officer Winson Chan Chin Wah serves on the board of H.Savy Insurance Company Limited.
• Specialty Risk Solutions LimitedminorStrategic or Co-development PartnerEagle Insurance holds a 30% stake in Specialty Risk Solutions Limited as part of its investment portfolio.
• Robin AssistcoreTechnology or IntegrationRobin Assist is Eagle Insurance's partner for global travel assistance, providing 24/7 medical support in over 185 countries. The partnership covers emergency medical assistance, evacuation and repatriation, multilingual support teams, access to international hospital networks, and real-time case coordination. Robin Assist supports all Eagle Insurance travel insurance policies.
• ADA (Assistance Dépannage aux Automobilistes)coreTechnology or IntegrationADA provides 24/7 roadside assistance and towing services for Eagle Insurance motor insurance clients across Mauritius. With over 25 years of experience and a fleet of more than 40 intervention vehicles, ADA responds to breakdowns, accidents, flat tyres, and battery issues. Eagle Insurance clients can contact ADA at 211 3030. The partnership includes GPS tracking so clients can follow the arrival of the tow truck in real time.
• Mauritius Golf Federation (MGF)minorGTM or Marketing PartnerEagle Insurance has partnered with the Mauritius Golf Federation to offer specially designed insurance coverage for MGF members. As part of this partnership, MGF members benefit from tailored golf insurance covering equipment, liability, personal accident, and hole-in-one celebrations. The partnership connects Eagle Insurance with the trusted golfing community across Mauritius.

Scale indicators11 records

Recent moves9 records

Expansion highlights6 records

Regional players

• Britam Holdings: East African diversified insurance and asset management group operating in Kenya, Uganda, Tanzania, Rwanda, Mozambique, and Malawi. Comparable mix of life and general insurance lines in Africa.
• Jubilee Insurance: East African insurance group offering general and medical insurance across multiple African markets. Comparable product portfolio and target customer segments; serves as a regional benchmark for digital and bancassurance distribution.

Broad incumbents

• Sanlam: Pan-African financial services group with a presence in Mauritius offering short-term and life insurance. Comparable as a large diversified insurer with both retail and corporate short-term lines across Africa.
• Bryte Insurance: South African commercial and corporate P&C insurer affiliated with Fairfax Financial Holdings — the same group whose HWIC Asia Fund owns 39.12% of Eagle. Functionally a sister company, sharing board representation, providing direct comparability on underwriting discipline and capital structure.
• Old Mutual: African financial services group with operations spanning life, general insurance, and asset management, including in Mauritius. Comparable in scale and product breadth though operating across many geographies.

Direct peers

• H. Savy Insurance: Seychellois general insurer in which Eagle holds a 20% stake. Comparable product mix (motor, property, marine) and a natural peer given Eagle's investment relationship and the Indian Ocean geographic adjacency.
• Mauritius Union Assurance: One of the largest general insurance carriers in Mauritius, offering motor, home, health, travel, and marine cover. Directly comparable to Eagle as a Mauritian P&C insurer competing for the same retail and corporate customer base.
• SICOM: State-owned insurance group in Mauritius providing general insurance, life, and pension products. Competes head-to-head with Eagle in motor, home, and health segments and is one of the larger local underwriters.
• Swan Life: Mauritian insurance and financial services group offering general and life insurance. The CEO of Eagle (Sattar Jackaria) was previously Senior Manager, Actuarial at Swan Life, reflecting direct competitive overlap in the Mauritian market.
• MUA (Mauritius Union Assurance): (Consolidated with above peer; included for completeness.) Mauritius-based composite insurer competing directly with Eagle across motor, home, health, and travel lines.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/eagleinsurancemu
• LinkedInlinkedin.com/company/eagleinsurance

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eagle Insurance