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The Insurance Industry in Chad, Key Trends and Opportunities to 2022

The Insurance Industry in Chad, Key Trends and Opportunities to 2022

Summary

The Insurance Industry in Chad, Key Trends and Opportunities to 2022, report provides detailed analysis of the market trends, drivers and challenges in the Chadian 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 Chadian economy and demographics, provides detailed information on the competitive landscape and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

This report provides in-depth market analysis, information and insights into the Chadian insurance industry, including -

  • The Chadian insurance industry's growth prospects by segment and category
  • A comprehensive overview of the Chadian economy and demographics
  • Details of the competitive landscape in the Chadian insurance industry
  • The various distribution channels in the Chadian insurance industry
  • Details of regulatory policy applicable to the Chadian insurance industry
  • Analysis of natural hazards in the Chadian insurance industry.
    • Key Findings
      • The insurance industry in Chad is concentrated, with the presence of two domestic insurers: Star Group Assurances and Société Africaine d’Assurance et de Reassurance (SAFAR).
      • Based on the approval of the regulatory authority of the country, the CIMA Code allows up to 50% of any reinsurance risk to be placed abroad, and more than 50% of a risk with unlicensed overseas reinsurers.
      • In May 2016, the Commission Regional des Assurances CRCA issued a draft regulation on the e-distribution of insurance products in Conférence Interafricaine des Marchés d'Assurances (CIMA) member states.
        • Scope
          • This report provides a comprehensive analysis of the insurance industry in Chad.
          • It provides historical values for the Chadian 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 Chadian 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 Chad.
          • It profiles the top insurance companies in Chad, 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 Chadian insurance industry and each segment and category within it.
          • Understand the demand-side dynamics, key market trends and growth opportunities in the Chadian insurance industry.
          • Assess the competitive dynamics in the Chadian insurance industry.
          • Identify the growth opportunities and market dynamics in key segments.
          • Gain insights into key regulations governing the Chadian insurance industry and their impact on companies and the industry's future.


  • Key Facts and Highlights
    • Table Chadian Insurance Industry – Key Facts, 2017
    • Table Chadian Insurance Industry – Industry Shares of the Top Insurers, 2017
  • Executive Summary
  • Economy and Demographics
    • Table Figure 1: Chadian Real GDP (XAF Trillion), 2013–2022
    • Table Figure 2: Chadian Exchange Rate (XAF per US$), 2013–2022
    • Table Figure 3: Chadian Consumer Price Inflation (%), 2013–2022
    • Table Figure 4: Chadian Current Account Balance as Percentage of GDP (%), 2013–2017
    • Table Figure 5: Chadian Unemployment Rate, 2013–2022
    • Table Figure 6: Chadian Population by Age Group, 2013–2022
  • Industry Outlook
    • Industry Indicators
      • Gross written premium
        • Table Chadian Insurance Industry – Gross Written Premium (XAF Billion and US$ Million), 2013–2017
        • Table Chadian Insurance Industry – Gross Written Premium (XAF Billion and US$ Million), 2017–2022
        • Table Figure 7: Chadian Insurance Industry – Gross Written Premium (XAF Billion), 2013–2022
      • Direct written premium
        • Table Chadian Insurance Industry – Direct Written Premium (XAF Billion and US$ Million), 2013–2017
        • Table Chadian Insurance Industry – Direct Written Premium (XAF Billion and US$ Million), 2017–2022
        • Table Figure 8: Chadian Insurance Industry – Direct Written Premium (XAF Billion), 2013–2022
      • Insurance density
        • Table Chadian Insurance Industry – Density (XAF), 2013–2017
        • Table Chadian Insurance Industry – Density (XAF), 2017–2022
        • Table Figure 9: Chadian Insurance Industry – Density (XAF), 2013–2022
      • Paid claims
        • Table Chadian Insurance Industry – Paid Claims (XAF Billion and US$ Million), 2013–2017
        • Table Chadian Insurance Industry – Paid Claims (XAF Billion and US$ Million), 2017–2022
        • Table Figure 10: Chadian Insurance Industry – Paid Claims (XAF Billion), 2013–2022
  • Life Insurance Outlook
    • Segment Indicators
      • Direct written premium
        • Table Chadian Life Insurance – Direct Written Premium (XAF Billion and US$ Million), 2013–2017
        • Table Chadian Life Insurance – Direct Written Premium (XAF Billion and US$ Million), 2017–2022
        • Table Figure 11: Chadian Life Insurance – Direct Written Premium (XAF Billion), 2013–2022
      • Paid claims
        • Table Chadian Life Insurance – Paid Claims (XAF Billion and US$), 2013–2017
        • Table Chadian Life Insurance – Paid Claims (XAF Billion and US$), 2017–2022
        • Table Figure 12: Chadian Life Insurance – Paid Claims (XAF Billion), 2013–2022
      • Penetration
        • Table Figure 13: Chadian Life Insurance – Penetration (%), 2013–2017
        • Table Figure 14: Chadian Life Insurance – Penetration (%), 2017–2022
      • Assets and investments
        • Table Chadian Life Insurance – Total Investment Income (XAF Billion and US$ Million) 2013–2017
        • Table Chadian Life Insurance – Total Investment Income (XAF Billion and US$ Million), 2017–2022
        • Table Figure 15: Chadian Life Insurance – Total Investment Income (XAF Billion), 2013–2022
        • Table Chadian Life Insurance – Investment Portfolio (XAF Million), 2013–2017
        • Table Chadian Life Insurance – Investment Portfolio (XAF Billion), 2017–2022
        • Table Figure 16: Chadian Life Insurance – Investment Portfolio (XAF Billion), 2013–2022
  • General Insurance Outlook
    • Segment Indicators
      • Gross written premium
        • Table Chadian General Insurance – Gross Written Premium (XAF Billion and US$ Million), 2013–2017
        • Table Chadian General Insurance – Gross Written Premium (XAF Billion and US$ Million), 2017–2022
        • Table Figure 17: Chadian General Insurance – Gross Written Premium (XAF Billion), 2013–2022
      • Direct written premium
        • Table Chadian General Insurance – Direct Written Premium (XAF Billion and US$ Million), 2013–2017
        • Table Chadian General Insurance – Direct Written Premium (XAF Billion and US$ Million), 2017–2022
        • Table Figure 18: Chadian General Insurance – Direct Written Premium (XAF Billion), 2013–2022
      • Paid claims
        • Table Chadian General Insurance – Paid Claims (XAF Billion and US$ Million), 2013–2017
        • Table Chadian General Insurance – Paid Claims (XAF Billion and US$ Million), 2017–2022
        • Table Figure 19: Chadian General Insurance – Paid Claims (XAF Billion), 2013–2022
      • Penetration
        • Table Figure 20: Chadian General Insurance – Penetration (%), 2013–2017
        • Table Figure 21: Chadian General Insurance – Penetration (%), 2017–2022
      • Loss ratio
        • Table Figure 22: Chadian General Insurance – Loss Ratio (%), 2013–2017
        • Table Figure 23: Chadian General Insurance – Loss Ratio (%), 2017–2022
      • Assets and investments
        • Table Chadian General Insurance – Total Investment Income (XAF Billion and US$ Million), 2013–2017
        • Table Chadian General Insurance – Total Investment Income (XAF Billion and US$ Million), 2017–2022
        • Table Figure 24: Chadian General Insurance – Total Investment Income (XAF Billion), 2013–2022
        • Table Chadian General Insurance – Investment Portfolio (XAF Billion), 2013–2017
        • Table Chadian General Insurance – Investment Portfolio (XAF Billion), 2017–2022
        • Table Figure 25: Chadian General Insurance – Investment Portfolio (XAF Billion), 2013–2022
        • Table Figure 26: Chadian General Insurance – Investment Portfolio Dynamics (XAF Billion), 2013– 2022
    • Property Insurance
      • Direct written premium
        • Table Chadian Property Insurance – Direct Written Premium (XAF Billion and US$ Million), 2013–2017
        • Table Chadian Property Insurance – Direct Written Premium (XAF Billion and US$ Million), 2017–2022
        • Table Figure 27: Chadian Property Insurance – Direct Written Premium (XAF Billion), 2013–2022
      • Penetration
        • Table Figure 28: Chadian Property Insurance – Penetration (%), 2013–2017
        • Table Figure 29: Chadian Property Insurance – Penetration (%), 2017–2022
      • Profitability
        • Table Chadian Property Insurance – Loss Ratio (%), 2013–2017
        • Table Chadian Property Insurance – Loss Ratio (%), 2017–2022
        • Table Figure 30: Chadian Property Insurance – Earned Premium, Incurred Loss and Loss Ratio (XAF Billion and %), 2013–2022
    • Motor Insurance
      • Direct written premium
        • Table Chadian Motor Insurance – Direct Written Premium (XAF Billion and US$ Million), 2013–2017
        • Table Chadian Motor Insurance –Direct Written Premium (XAF Billion and US$ Million), 2017–2022
        • Table Figure 31: Chadian Motor Insurance – Direct Written Premium (XAF Billion), 2013–2022
      • Penetration
        • Table Figure 32: Chadian Motor Insurance – Penetration (%), 2013–2017
        • Table Figure 33: Chadian Motor Insurance – Penetration (%), 2017–2022
      • Profitability
        • Table Chadian Motor Insurance – Loss Ratio (%), 2013–2017
        • Table Chadian Motor Insurance – Loss Ratio (%), 2017–2022
        • Table Figure 34: Chadian Motor Insurance – Earned Premium, Incurred Loss and Loss Ratio (XAF Billion and %), 2013–2022
    • Liability Insurance
      • Direct written premium
        • Table Chadian Liability Insurance – Direct Written Premium (XAF Billion and US$ Million), 2013–2017
        • Table Chadian Liability Insurance – Direct Written Premium (XAF Billion and US$ Million), 2017–2022
        • Table Figure 35: Chadian Liability Insurance – Direct Written Premium (XAF Billion), 2013–2022
      • Penetration
        • Table Figure 36: Chadian Liability Insurance – Penetration (%), 2013–2017
        • Table Figure 37: Chadian Liability Insurance – Penetration (%), 2017–2022
      • Profitability
        • Table Chadian Liability Insurance – Loss Ratio (%), 2013–2017
        • Table Chadian Liability Insurance – Loss Ratio (%), 2017–2022
        • Table Figure 38: Chadian Liability Insurance – Earned Premium, Incurred Loss and Loss Ratio (XAF Billion and %), 2013–2022
    • Marine, Aviation and Transit Insurance
      • Direct written premium
        • Table Chadian Marine, Aviation and Transit Insurance – Direct Written Premium (XAF Million and US$ Million), 2013–2017
        • Table Chadian Marine, Aviation and Transit Insurance – Direct Written Premium (XAF Million and US$ Million), 2017–2022
        • Table Figure 39: Chadian Marine, Aviation and Transit Insurance – Direct Written Premium (XAF Million), 2013–2022
      • Penetration
        • Table Figure 40: Chadian Marine, Aviation and Transit Insurance – Penetration (%), 2013–2017
        • Table Figure 41: Chadian Marine, Aviation and Transit Insurance – Penetration (%), 2017–2022
      • Profitability
        • Table Chadian Marine, Aviation and Transit Insurance – Loss Ratio (%), 2013–2017
        • Table Chadian Marine, Aviation and Transit Insurance – Loss Ratio (%), 2017–2022
        • Table Figure 42: Chadian Marine, Aviation and Transit Insurance – Earned Premium, Incurred Loss and Loss Ratio (XAF Million and %), 2013–2022
    • Personal Accident and Health Insurance
      • Direct written premium
        • Table Chadian Personal Accident and Health Insurance – Direct Written Premium (XAF Billion and US$ Million), 2013–2017
        • Table Chadian Personal Accident and Health Insurance – Direct Written Premium (XAF Billion and US$ Million), 2017–2022
        • Table Figure 43: Chadian Personal Accident and Health Insurance – Direct Written Premium (XAF Billion), 2013–2022
      • Penetration
        • Table Figure 44: Chadian Personal Accident and Health Insurance – Penetration (%), 2013–2017
        • Table Figure 45: Chadian Personal Accident and Health Insurance – Penetration (%), 2017–2022
      • Profitability
        • Table Chadian Personal Accident and Health Insurance – Loss Ratio (%), 2013–2017
        • Table Chadian Personal Accident and Health Insurance – Loss Ratio (%), 2017–2022
        • Table Figure 46: Chadian Personal Accident and Health Insurance – Earned Premium, Incurred Loss and Loss Ratio (XAF Billion and %), 2013–2022
    • Miscellaneous
      • Direct written premium
        • Table Chadian Miscellaneous – Direct Written Premium (XAF Million and US$ Million), 2013–2017
        • Table Chadian Miscellaneous – Direct Written Premium (XAF Million and US$ Million), 2017–2022
        • Table Figure 47: Chadian Miscellaneous – Direct Written Premium (XAF Billion), 2013–2022
      • Penetration
        • Table Figure 48: Chadian Miscellaneous – Penetration (%), 2013–2017
        • Table Figure 49: Chadian Miscellaneous – Penetration (%), 2017–2022
      • Profitability
        • Table Chadian Miscellaneous – Loss Ratio (%), 2013–2017
        • Table Chadian Miscellaneous – Loss Ratio (%), 2017–2022
        • Table Figure 50: Chadian Miscellaneous – Earned Premium, Incurred Loss and Loss Ratio (XAF Million and %), 2013–2022
  • Reinsurance Outlook
    • Premium Ceded
      • Table Chadian Reinsurance – Premium Ceded by Insurance Segment (XAF Billion), 2013– 2017
      • Table Chadian Reinsurance – Premium Ceded by Insurance Segment (XAF Billion), 2017– 2022
      • Table Figure 51: Chadian Reinsurance – Premium Ceded by Insurance Segment (XAF Billion), 2013– 2022
      • Table Figure 52: Chadian General Insurance – Percentage of Reinsurance Ceded (%), 2013–2022
  • Distribution Channel Outlook
  • Natural and Man-Made Hazards
    • Flooding
    • Droughts
    • Man-Made Hazards
    • Exposure
  • Competitive Landscape
    • Table Chadian Insurance Industry – Market Shares of Leading Insurers (%), 2016
    • Table Figure 53: Chadian Insurance Industry – Market Shares of Leading Insurers (%), 2016
    • Company Profiles
      • Société Africaine d'Assurance et de Reassurance – company overview
        • Table Société Africaine d'Assurance et de Reassurance – Key Facts
      • Star Group Assurances – company overview
        • Table Star Nationale SA – Key Facts
      • Star Vie SA – company overview
        • Table Star Vie SA – Key Facts
  • Governance, Risk and Compliance
    • Table Chad – Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Table Chad – Intermediary Remuneration Rates
      • Life insurance
        • Table Chad – Life Insurance Regulatory Framework
      • Property insurance
        • Table Chad – Property Insurance Regulatory Framework
      • Motor insurance
        • Table Chad – Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Chad – Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
      • Professional indemnity insurance for insurance intermediaries
    • Supervision and Control
      • Table Figure 54: Chad – Insurance Supervision and Control at Various Levels
      • International Association of Insurance Supervisors
      • Commission Regional des Assurances
      • Direction des Finances Extérieures et Organismes
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Table Figure 55: Chad – Insurance Regulatory Frameworks for Company Registration and Operation
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
        • Table Chad – Insurance Premium Tax Rates
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Chad – Corporate Tax Rates for the Financial Year 2017
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Life Insurance
      • Policies and premium
        • Table Chadian Life Insurance – Policies and Premium, 2013–2017
        • Table Chadian Life Insurance – Policies and Premium, 2017–2022
      • Claims and expenses
        • Table Chadian Life Insurance – Claims and Expenses, 2013–2017
        • Table Chadian Life Insurance – Claims and Expenses, 2017–2022
      • Assets and investments
        • Table Chadian Life Insurance – Assets and Investments, 2013–2017
        • Table Chadian Life Insurance – Assets and Investments, 2017–2022
    • General Insurance
      • Policies and premium
        • Table Chadian General Insurance – Policies and Premium, 2013–2017
        • Table Chadian General Insurance – Policies and Premium, 2017–2022
      • Claims and expenses
        • Table Chadian General Insurance – Claims and Expenses, 2013–2017
        • Table Chadian General Insurance – Claims and Expenses, 2017–2022
      • Assets and investments
        • Table Chadian General Insurance – Assets and Investments, 2013–2017
        • Table Chadian General Insurance – Assets and Investments, 2017–2022
      • Property insurance
        • Table Chadian General Insurance – Property Insurance, 2013–2017
        • Table Chadian General Insurance – Property Insurance, 2017–2022
      • Property insurance by category
        • Table Chadian General Insurance – Property Insurance by Category, 2013–2017
        • Table Chadian General Insurance – Property Insurance by Category, 2017–2022
      • Motor insurance
        • Table Chadian General Insurance – Motor Insurance, 2013–2017
        • Table Chadian General Insurance – Motor Insurance, 2017–2022
      • Motor insurance by category
        • Table Chadian General Insurance – Motor Insurance by Category, 2013–2017
        • Table Chadian General Insurance – Motor Insurance by Category, 2017–2022
      • Liability insurance
        • Table Chadian General Insurance – Liability Insurance, 2013–2017
        • Table Chadian General Insurance – Liability Insurance, 2017–2022
      • Marine, aviation and transit insurance
        • Table Chadian General Insurance – Marine, Aviation and Transit Insurance, 2013–2017
        • Table Chadian General Insurance – Marine, Aviation and Transit Insurance, 2017–2022
      • Marine, aviation and transit insurance by category
        • Table Chadian General Insurance – Marine Aviation and Transit Insurance by Category, 2013–2017
        • Table Chadian General Insurance – Marine Aviation and Transit Insurance by Category, 2017–2022
      • Personal accident and health insurance
        • Table Chadian General Insurance – Personal Accident and Health Insurance, 2013–2017
        • Table Chadian General Insurance – Personal Accident and Health Insurance, 2017–2022
      • Miscellaneous
        • Table Chadian General Insurance – Miscellaneous, 2013–2017
        • Table Chadian General Insurance – Miscellaneous, 2017–2022
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
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