Mozambique Insurance Q4 2019
The Mozambique insurance industry is at a nascent stage and contains untapped potential that will be unlocked overthe long term. Endemic poverty, political turmoil, natural catastrophes and poor product awareness have limited insurance uptake inthe country. Looking out to 2023 and beyond, we are hopeful that improvements in headline economic performance, infrastructureinvestments and hydrocarbon revenues will all provide a solid environment for growth. Furthermore, we expect consumerconfidence and enterprise sentiment to strength over the coming years and provide upside risks to our forecast. That said, wecaution that chronic violence, civil conflict and poverty are all structural challenges that will act as a drag on widespread growth forthe foreseeable future.
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