The Insurance Industry in Angola, Key Trends and Opportunities to 2022
Region:Africa
Product Code:GDIS1758MR
September 2018
107
About the Report
The Insurance Industry in Angola, Key Trends and Opportunities to 2022
Summary
GlobalData's "The Insurance Industry in Angola, Key Trends and Opportunities to 2022", report provides detailed analysis of the market trends, drivers and challenges in the Angolan insurance industry.
It provides key performance indicators such as written premium and claims during the review period (2013-2017) and forecast period (2017-2022).
The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Angolan economy and demographics, and provides detailed information on the competitive landscape in the country.
The report brings together GlobalData's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.
Inside this report, we look at the top themes, its predictions and identify winners and losers.
This report provides in-depth market analysis, information and insights into the Angolan insurance industry, including-
- The Angolan insurance industry's growth prospects by segment and category
- A comprehensive overview of the Angolan economy and demographics
- Details of the competitive landscape in the Angolan insurance industry
- The various distribution channels in the Angolan insurance industry
- Details of regulatory policy applicable to the Angolan insurance industry
- Analysis of natural hazards in the Angolan insurance industry
Key Highlights
- As of March 2018, the insurers operate through 98 branches, 36 agencies and 340 brokers in the country.
- In 2016 and 2017, insurers in association with ARSEG conducted annual financial literacy campaigns in Angola.
- In 2016, ARSEG, in association with the Ministry of Finance, announced the establishment of the country's first domestic reinsurer, the National Reinsurance Company (AngoRe).
Scope
This report provides a comprehensive analysis of the insurance industry in Angola-
- It provides historical values for the Angolan insurance industry for the report's 2013-2017 review period, and projected figures for the 2017-2022 forecast period.
- It offers a detailed analysis of the key segments in the Angolan insurance industry, with market forecasts to 2022.
- It covers an exhaustive list of parameters, including written premium and claims.
- It analyzes the various distribution channels in Angola.
- It profiles the top insurance companies in Angola, and outlines the key regulations affecting them.
Reasons to buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Angolan insurance industry and each segment and category within it.
- Understand the demand-side dynamics, key market trends and growth opportunities in the Angolan insurance industry.
- Assess the competitive dynamics in the Angolan insurance industry.
- Identify the growth opportunities and market dynamics in key segments.
- Gain insights into key regulations governing the Angolan insurance industry and their impact on companies and the industry's future.
Scope of the Report
Products
Companies
ENSA Seguros de Angola
AAA Seguros SA
Saham Angola Seguros
Global Seguros SA
Nova Sociedade de Seguros de Angola SA
Mundial Seguros SA
Garantia Seguros SA
Tranquilidade - Corporacao Angolana de Seguros
Triunfal Seguros SA
Confiance Seguros SA
Table of Contents
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Industry Outlook
4.1 Industry Indicators
4.1.1 Direct written premium
4.1.2 Insurance density
4.1.3 Gross claims
5 Life Insurance Outlook
5.1 Segment Indicators
5.1.1 Direct written premium
5.1.2 Gross claims
5.1.3 Penetration
6 General Insurance Outlook
6.1 Segment Indicators
6.1.1 Direct written premium
6.1.2 Gross claims
6.1.3 Penetration
6.2 Property Insurance
6.2.1 Direct written premium
6.2.2 Penetration
6.2.3 Claims
6.3 Motor Insurance
6.3.1 Direct written premium
6.3.2 Penetration
6.3.3 Claims
6.4 Liability Insurance
6.4.1 Direct written premium
6.4.2 Penetration
6.4.3 Claims
6.5 Marine, Aviation and Transit Insurance
6.5.1 Direct written premium
6.5.2 Penetration
6.5.3 Claims
6.6 Personal Accident and Health Insurance
6.6.1 Direct written premium
6.6.2 Penetration
6.6.3 Claims
6.7 Miscellaneous
6.7.1 Direct written premium
6.7.2 Penetration
6.7.3 Claims
7 Reinsurance Outlook
8 Distribution Channel Outlook
9 Natural and Man-Made Hazards
9.1 Flooding
9.2 Droughts
9.3 Epidemics
9.4 Exposure
10 Competitive Landscape
10.1 Company Profiles
10.1.1 Empresa Nacional de Seguros e Resseguros de Angola-company overview
10.1.2 AAA Seguros SA-company overview
10.1.3 Saham Angola Seguros-company overview
10.1.4 Global Seguros SA-company overview
10.1.5 Nova Sociedade de Seguros de Angola SA-company overview
11 Governance, Risk and Compliance
11.1 Legislation Overview and Historical Evolution
11.2 Latest Changes in Regulation
11.3 Legislation and Market Practice by Type of Insurance
11.3.1 Life insurance
11.3.2 Property insurance
11.3.3 Motor insurance
11.3.4 Liability insurance
11.3.5 Marine, aviation and transit insurance
11.3.6 Personal accident and health insurance
11.4 Compulsory Insurance
11.4.1 Workmen's compensation
11.4.2 Aviation liability insurance
11.4.3 Motor third-party liability insurance
11.4.4 Compulsory Constitution of Work Insurance
11.4.5 Professional liability insurance of reinsurance brokers
11.4.6 Environmental liability insurance
11.4.7 Liability insurance for ships with respect to oil pollution
11.5 Supervision and Control
11.5.1 African Insurance Organization
11.5.2 Angolan Agency of Regulation and Supervision of Insurance
11.5.3 Angola Insurance Association
11.6 Non-Admitted Insurance Regulations
11.6.1 Overview
11.6.2 Intermediaries
11.6.3 Market practices
11.6.4 Fines and Penalties
11.7 Company Registration and Operations
11.7.1 Type of insurance organization
11.7.2 Establishing a local company
11.7.3 Foreign ownership
11.7.4 Types of license
11.7.5 Capital requirements
11.7.6 Solvency margin
11.7.7 Reserve requirements
11.7.8 Investment regulations
11.7.9 Statutory return requirements
11.7.10 Fee structure
11.8 Taxation
11.8.1 Insurance premium or policy taxation
11.8.2 Withholding taxes on premium paid overseas
11.8.3 Corporate tax
11.8.4 VAT
11.8.5 Captives
11.9 Legal System
11.9.1 Introduction
11.9.2 Access to court
11.9.3 Alternative dispute resolution
12 Databook
12.1 Life Insurance
12.1.1 Policies and premium
12.1.2 Claims and expenses
12.2 General Insurance
12.2.1 Policies and premium
12.2.2 Claims and expenses
12.2.3 Property insurance
12.2.4 Property insurance by category
12.2.5 Motor insurance
12.2.6 Liability insurance
12.2.7 Marine, aviation and transit insurance
12.2.8 Personal accident and health insurance
12.2.9 Miscellaneous
13 Definitions and Methodology
13.1 Definitions
13.2 Methodology
14 About GlobalData
14.1 Contact GlobalData
14.2 About GlobalData
14.3 GlobalData's Services
14.4 Disclaimer
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Industry Outlook
4.1 Industry Indicators
4.1.1 Direct written premium
4.1.2 Insurance density
4.1.3 Gross claims
5 Life Insurance Outlook
5.1 Segment Indicators
5.1.1 Direct written premium
5.1.2 Gross claims
5.1.3 Penetration
6 General Insurance Outlook
6.1 Segment Indicators
6.1.1 Direct written premium
6.1.2 Gross claims
6.1.3 Penetration
6.2 Property Insurance
6.2.1 Direct written premium
6.2.2 Penetration
6.2.3 Claims
6.3 Motor Insurance
6.3.1 Direct written premium
6.3.2 Penetration
6.3.3 Claims
6.4 Liability Insurance
6.4.1 Direct written premium
6.4.2 Penetration
6.4.3 Claims
6.5 Marine, Aviation and Transit Insurance
6.5.1 Direct written premium
6.5.2 Penetration
6.5.3 Claims
6.6 Personal Accident and Health Insurance
6.6.1 Direct written premium
6.6.2 Penetration
6.6.3 Claims
6.7 Miscellaneous
6.7.1 Direct written premium
6.7.2 Penetration
6.7.3 Claims
7 Reinsurance Outlook
8 Distribution Channel Outlook
9 Natural and Man-Made Hazards
9.1 Flooding
9.2 Droughts
9.3 Epidemics
9.4 Exposure
10 Competitive Landscape
10.1 Company Profiles
10.1.1 Empresa Nacional de Seguros e Resseguros de Angola-company overview
10.1.2 AAA Seguros SA-company overview
10.1.3 Saham Angola Seguros-company overview
10.1.4 Global Seguros SA-company overview
10.1.5 Nova Sociedade de Seguros de Angola SA-company overview
11 Governance, Risk and Compliance
11.1 Legislation Overview and Historical Evolution
11.2 Latest Changes in Regulation
11.3 Legislation and Market Practice by Type of Insurance
11.3.1 Life insurance
11.3.2 Property insurance
11.3.3 Motor insurance
11.3.4 Liability insurance
11.3.5 Marine, aviation and transit insurance
11.3.6 Personal accident and health insurance
11.4 Compulsory Insurance
11.4.1 Workmen's compensation
11.4.2 Aviation liability insurance
11.4.3 Motor third-party liability insurance
11.4.4 Compulsory Constitution of Work Insurance
11.4.5 Professional liability insurance of reinsurance brokers
11.4.6 Environmental liability insurance
11.4.7 Liability insurance for ships with respect to oil pollution
11.5 Supervision and Control
11.5.1 African Insurance Organization
11.5.2 Angolan Agency of Regulation and Supervision of Insurance
11.5.3 Angola Insurance Association
11.6 Non-Admitted Insurance Regulations
11.6.1 Overview
11.6.2 Intermediaries
11.6.3 Market practices
11.6.4 Fines and Penalties
11.7 Company Registration and Operations
11.7.1 Type of insurance organization
11.7.2 Establishing a local company
11.7.3 Foreign ownership
11.7.4 Types of license
11.7.5 Capital requirements
11.7.6 Solvency margin
11.7.7 Reserve requirements
11.7.8 Investment regulations
11.7.9 Statutory return requirements
11.7.10 Fee structure
11.8 Taxation
11.8.1 Insurance premium or policy taxation
11.8.2 Withholding taxes on premium paid overseas
11.8.3 Corporate tax
11.8.4 VAT
11.8.5 Captives
11.9 Legal System
11.9.1 Introduction
11.9.2 Access to court
11.9.3 Alternative dispute resolution
12 Databook
12.1 Life Insurance
12.1.1 Policies and premium
12.1.2 Claims and expenses
12.2 General Insurance
12.2.1 Policies and premium
12.2.2 Claims and expenses
12.2.3 Property insurance
12.2.4 Property insurance by category
12.2.5 Motor insurance
12.2.6 Liability insurance
12.2.7 Marine, aviation and transit insurance
12.2.8 Personal accident and health insurance
12.2.9 Miscellaneous
13 Definitions and Methodology
13.1 Definitions
13.2 Methodology
14 About GlobalData
14.1 Contact GlobalData
14.2 About GlobalData
14.3 GlobalData's Services
14.4 Disclaimer
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