Insurance companies are an important segment of the domestic financial sector, offering a variety of insurance services ranging from long-term insurance such as life assurance, pensions and permanent health insurance, to general insurance such as fire, motor vehicle, worker’s compensation, employer’s liability and miscellaneous insurance. The contribution of the insurance industry to the Mauritian economy over the last few years has been approximately 12%. Insurance companies are largely private sector-owned. There are currently over 30 insurance companies operating in Mauritius of which several are foreign insurers.