Market Research Logo

Angola Insurance Report Q2 2016

Angola Insurance Report Q2 2016

BMI View: The outlook is mixed for Angola's insurance industry. On the one hand, the relatively wellestablished non-life sector is expected to record robust growth rates, supported by the expanding oilindustry as well as compulsory individual lines, particularly motor insurance. On the other hand, theminute life sector is struggling to achieve growth and remains hampered by widespread poverty and low lifeexpectancy rates which reduce both affordability and demand. There is scope for substantial growth from avery low base but it will be some time before the Angolan insurance sector is of a size sufficiently largeenough to attract considerable foreign investment.

Key Updates & Forecasts

Angola is ramping up crude oil production which will stimulate growth in a range of non-life sectors,including engineering and transport insurance, as well as related corporate lines such as general liabilityand motor fleet cover. Overall, we expect the non-life sector to grow by an average of 10.8% annuallybetween 2016 and 2020, in local currency terms, with slower growth of 4.4% in US dollar terms due tothe depreciation of the kwanza.


BMI Industry View
Table: Headline Insurance Forecasts (Angola 2013-2020)
SWOT
Insurance SWOT
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Angola 2013-2020)
Table: Life Insurance Claims (Angola 2009-2012)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Angola 2013-2020)
Table: Non-Life Insurance Claims (Angola 2009-2012)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums by Product Line (Angola 2013-2020)
Insurance Risk/Reward Index
Sub-Saharan Africa Risk/Reward Index
Table: Sub-Saharan Africa Insurance Risk/Reward Index - Q216
Market Overview
Life Insurance Market Overview
The Product Offering
The Competitive Landscape
Non-Life Insurance Market Overview
The Product Offering
Competitive Landscape
Company Profile
AAA
A Mundial Seguros (AMUSE)
ENSA Seguros de Angola SA
GA Angola Seguros
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report