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

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

Summary

GlobalData’s The Insurance Industry in Gabon, Key Trends and Opportunities to 2022 report provides detailed analysis of the market trends, drivers and challenges in the Gabonese 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 Gabonese 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.

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

  • The Gabonese insurance industry's growth prospects by segment and category
  • A comprehensive overview of the Gabonese economy and demographics
  • Details of the competitive landscape in the Gabonese insurance industry
  • The various distribution channels in the Gabonese insurance industry
  • Details of regulatory policy applicable to the Gabonese insurance industry
  • Analysis of natural hazards in the Gabonese insurance industry.
Scope
  • This report provides a comprehensive analysis of the insurance industry in Gabon
  • It provides historical values for the Gabonese 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 Gabonese 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 Gabon.
  • It profiles the top insurance companies in Gabon, 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 Gabonese insurance industry and each segment and category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Gabonese insurance industry.
  • Assess the competitive dynamics in the Gabonese insurance industry.
  • Identify the growth opportunities and market dynamics in key segments.
  • Gain insights into key regulations governing the Gabonese insurance industry and their impact on companies and the industry's future.


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 Paid claims
5 Life Insurance Outlook
5.1 Direct written premium
5.2 Paid claims
5.3 Penetration
5.4 Assets and investments
6 General Insurance Outlook
6.1 Segment Indicators
6.1.1 Gross written premium
6.1.2 Direct written premium
6.1.3 Paid claims
6.1.4 Penetration
6.1.5 Loss ratio
6.1.6 Assets and investments
6.2 Property Insurance
6.2.1 Direct written premium
6.2.2 Penetration
6.2.3 Profitability
6.3 Motor Insurance
6.3.1 Direct written premium
6.3.2 Penetration
6.3.3 Profitability
6.4 Liability Insurance
6.4.1 Direct written premium
6.4.2 Penetration
6.4.3 Profitability
6.5 Marine, Aviation and Transit Insurance
6.5.1 Direct written premium
6.5.2 Penetration
6.5.3 Profitability
6.6 Personal Accident and Health Insurance
6.6.1 Direct written premium
6.6.2 Penetration
6.6.3 Profitability
6.7 Miscellaneous
6.7.1 Direct written premium
6.7.2 Penetration
6.7.3 Profitability
7 Reinsurance Outlook
7.1 Premium Ceded
8 Distribution Channel Outlook
9 Natural and Man-Made Hazards
9.1 Flooding
9.2 Storms
9.3 Exposure
10 Competitive Landscape
10.1 Company Profiles
10.1.1 Omnium Gabonais d'Assurances et de Reassurances - company overview
10.1.2 Nouvelle Societe Interafricaine d'Assurances - company overview
10.1.3 Axa Assurances - company overview
10.1.4 Assurances Industrielles et Commerciales SA - company overview
10.1.5 Saham Assurance - 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 Motor third-party liability insurance
11.4.2 Professional indemnity insurance for insurance intermediaries
11.5 Supervision and Control
11.5.1 Commission Regional des Assurances
11.5.2 Directions Nationales des Assurances
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
12.1.3 Assets and investments
12.2 General Insurance
12.2.1 Policies and premium
12.2.2 Claims and expenses
12.2.3 Assets and investments
12.2.4 Property insurance
12.2.5 Property insurance by category
12.2.6 Motor insurance
12.2.7 Motor insurance by category
12.2.8 Liability insurance
12.2.9 Marine, aviation and transit insurance
12.2.10 Marine, aviation and transit insurance by category
12.2.11 Personal accident and health Insurance
12.2.12 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
List of Tables
Table 1: Gabon Insurance Industry - Key Facts,
Table 2: Gabon Insurance Industry - Industry Shares of the Top Insurers,
Table 3: Gabon Government Credit Ratings
Table 4: Gabon Insurance Industry - Direct Written Premium (XOF Billion and US$ Million), 2013-
Table 5: Gabon Insurance Industry - Direct Written Premium (XOF Billion and US$ Million), 2017-
Table 6: Gabon Insurance Industry - Density (XOF), 2013-
Table 7: Gabon Insurance Industry - Density (XOF), 2017-
Table 8: Gabon Insurance Industry - Paid Claims (XOF Billion and US$ Million), 2013-
Table 9: Gabon Insurance Industry - Paid Claims (XOF Billion and US$ Million), 2017-
Table 10: Gabon Life Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-
Table 11: Gabon Life Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-
Table 12: Gabon Life Insurance - Paid Claims (XOF Billion and US$ Million), 2013-
Table 13: Gabon Life Insurance - Paid Claims (XOF Billion and US$ Million), 2017-
Table 14: Gabon Life Insurance - Total Investment Income (XOF Billion and US$ Million), 2013-
Table 15: Gabon Life Insurance - Total Investment Income (XOF Billion and US$ Million), 2017-
Table 16: Gabon Life Insurance - Investment Portfolio (XOF Billion), 2013-
Table 17: Gabon Life Insurance - Investment Portfolio (XOF Billion), 2017-
Table 18: Gabon General Insurance - Gross Written Premium (XOF Billion and US$ Million), 2013-
Table 19: Gabon General Insurance - Gross Written Premium (XOF Billion and US$ Million), 2017-
Table 20: Gabon General Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-
Table 21: Gabon General Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-
Table 22: Gabon General Insurance - Paid Claims (XOF Billion and US$ Million), 2013-
Table 23: Gabon General Insurance - Paid Claims (XOF Billion and US$ Million), 2017-
Table 24: Gabon General Insurance - Total Investment Income (XOF Billion and US$ Million), 2013-
Table 25: Gabon General Insurance - Total Investment Income (XOF Billion and US$ Million), 2017-
Table 26: Gabon General Insurance - Investment Portfolio (XOF Billion), 2013-
Table 27: Gabon General Insurance - Investment Portfolio (XOF Billion), 2017-
Table 28: Gabon Property Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-
Table 29: Gabon Property Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-
Table 30: Gabon Property Insurance - Loss Ratio (%), 2013-
Table 31: Gabon Property Insurance - Loss Ratio (%), 2017-
Table 32: Gabon Motor Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-
Table 33: Gabon Motor Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-
Table 34: Gabon Motor Insurance - Loss Ratio (%), 2013-
Table 35: Gabon Motor Insurance - Loss Ratio (%), 2017-
Table 36: Gabon Liability Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-
Table 37: Gabon Liability Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-
Table 38: Gabon Liability Insurance - Loss Ratio (%), 2013-
Table 39: Gabon Liability Insurance - Loss Ratio (%), 2017-
Table 40: Gabon Marine, Aviation and Transit Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-
Table 41: Gabon Marine, Aviation and Transit Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-
Table 42: Gabon Marine, Aviation and Transit Insurance - Loss Ratio (%), 2013-
Table 43: Gabon Marine, Aviation and Transit Insurance - Loss Ratio (%), 2017-
Table 44: Gabon Personal Accident and Health Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-
Table 45: Gabon Personal Accident and Health Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-
Table 46: Gabon Personal Accident and Health Insurance - Loss Ratio (%), 2013-
Table 47: Gabon Personal Accident and Health Insurance - Loss Ratio (%), 2017-
Table 48: Gabon Miscellaneous - Direct Written Premium (XOF Billion and US$ Million), 2013-
Table 49: Gabon Miscellaneous - Direct Written Premium (XOF Billion and US$ Million), 2017-
Table 50: Gabon Miscellaneous - Loss Ratio (%), 2013-
Table 51: Gabon Miscellaneous - Loss Ratio (%), 2017-
Table 52: Gabon Reinsurance - Premium Ceded by Insurance Segment (XOF Billion), 2013-
Table 53: Gabon Reinsurance - Premium Ceded by Insurance Segment (XOF Billion), 2017-
Table 54: Gabonese Insurance Industry - Market Shares of Leading Insurers (%),
Table 55: Gabonese Life Insurance Segment - Market Shares of Leading Insurers (%),
Table 56: Gabonese General Insurance Segment - Market Shares of Leading General Insurers (%),
Table 57: Omnium Gabonais d'Assurances et de Reassurances - Key Facts
Table 58: Nouvelle Société Interafricaine d’Assurances - Key Facts
Table 59: Axa Assurances Insurance Company - Key Facts
Table 60: Assurances Industrielles et Commerciales SA - Key Facts
Table 61: Saham Assurance - Key Facts
Table 62: Gabon - Insurance Regulatory Framework Key Features
Table 63: Gabon - Life Insurance Regulatory Framework
Table 64: Gabon - Property Insurance Regulatory Framework
Table 65: Gabon- Motor Insurance Regulatory Framework
Table 66: Gabon - Liability Insurance Regulatory Framework
Table 67: Gabon- Insurance Premium Tax Rates
Table 68: Gabon - Corporate Tax Rates for the Financial Year
Table 69: Gabon Life Insurance - Policies and Premium, 2013-
Table 70: Gabon Life Insurance - Policies and Premium, 2017-
Table 71: Gabon Life Insurance - Claims and Expenses, 2013-
Table 72: Gabon Life Insurance - Claims and Expenses, 2017-
Table 73: Gabon Life Insurance - Assets and Investments, 2013-
Table 74: Gabon Life Insurance - Assets and Investments, 2017-
Table 75: Gabon General Insurance - Policies and Premium, 2013-
Table 76: Gabon General Insurance - Policies and Premium, 2017-
Table 77: Gabon General Insurance - Claims and Expenses, 2013-
Table 78: Gabon General Insurance - Claims and Expenses, 2017-
Table 79: Gabon General Insurance - Assets and Investments, 2013-
Table 80: Gabon General Insurance - Assets and Investments, 2017-
Table 81: Gabon General Insurance - Property Insurance, 2013-
Table 82: Gabon General Insurance - Property Insurance, 2017-
Table 83: Gabon General Insurance - Property Insurance by Category, 2013-
Table 84: Gabon General Insurance - Property Insurance by Category, 2017-
Table 85: Gabon General Insurance - Motor Insurance, 2013-
Table 86: Gabon General Insurance - Motor Insurance, 2017-
Table 87: Gabon General Insurance - Motor Insurance by Category, 2013-
Table 88: Gabon General Insurance - Motor Insurance by Category, 2017-
Table 89: Gabon General Insurance - Liability Insurance, 2013-
Table 90: Gabon General Insurance - Liability Insurance, 2017-
Table 91: Gabon General Insurance - Marine, Aviation and Transit Insurance, 2013-
Table 92: Gabon General Insurance - Marine, Aviation and Transit Insurance, 2017-
Table 93: Gabon General Insurance - Marine Aviation and Transit Insurance by Category, 2013-
Table 94: Gabon General Insurance - Marine Aviation and Transit Insurance by Category, 2017-
Table 95: Gabon General Insurance - Personal Accident and Health Insurance, 2013-
Table 96: Gabon General Insurance - Personal Accident and Health Insurance, 2017-
Table 97: Gabon General Insurance - Miscellaneous, 2013-
Table 98: Gabon General Insurance - Miscellaneous, 2017-
Table 99: Insurance Industry Definitions
List of Figures
Figure 1: Gabon Real GDP (XOF Trillion), 2013-
Figure 2: Gabon Exchange Rate (XOF per US$), 2013-
Figure 3: Gabon Consumer Price Inflation (%), 2013-
Figure 4: Gabon Current Account Balance as Percentage of GDP (%), 2013-
Figure 5: Gabon Unemployment Rate, 2013-
Figure 6: Gabonese Population by Age Group, 2013-
Figure 7: Gabon Insurance Industry - Direct Written Premium (XOF Billion), 2013-
Figure 8: Gabon Insurance Industry - Density (XOF), 2013-
Figure 9: Gabon Insurance Industry - Paid Claims (XOF Billion), 2013-
Figure 10: Gabon Life Insurance - Direct Written Premium (XOF Billion), 2013-
Figure 11: Gabon Life Insurance - Paid Claims (XOF Billion), 2013-
Figure 12: Gabon Life Insurance - Penetration (%), 2013-
Figure 13: Gabon Life Insurance - Penetration (%), 2017-
Figure 14: Gabon Life Insurance - Total Investment Income (XOF Billion), 2013-
Figure 15: Gabon Life Insurance - Investment Portfolio (XOF Billion), 2013-
Figure 16: Gabon Life Insurance - Investment Portfolio Dynamics (XOF Billion), 2013-
Figure 17: Gabon General Insurance - Gross Written Premium (XOF Billion), 2013-
Figure 18: Gabon General Insurance - Direct Written Premium (XOF Billion), 2013-
Figure 19: Gabon General Insurance - Paid Claims (XOF Billion), 2013-
Figure 20: Gabon General Insurance - Penetration (%), 2013-
Figure 21: Gabon General Insurance - Penetration (%), 2017-
Figure 22: Gabon General Insurance - Loss Ratio (%), 2013-
Figure 23: Gabon General Insurance - Loss Ratio (%), 2017-
Figure 24: Gabon General Insurance - Total Investment Income (XOF Billion), 2013-
Figure 25: Gabon General Insurance - Investment Portfolio (XOF Billion), 2013-
Figure 26: Gabon General Insurance - Investment Portfolio Dynamics (XOF Billion), 2013-
Figure 27: Gabon Property Insurance - Direct Written Premium (XOF Billion), 2013-
Figure 28: Gabon Property Insurance - Penetration (%), 2013-
Figure 29: Gabon Property Insurance - Penetration (%), 2017-
Figure 30: Gabon Property Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-
Figure 31: Gabon Motor Insurance - Direct Written Premium (XOF Billion), 2013-
Figure 32: Gabon Motor Insurance - Penetration (%), 2013-
Figure 33: Gabon Motor Insurance - Penetration (%), 2017-
Figure 34: Gabon Motor Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-
Figure 35: Gabon Liability Insurance - Direct Written Premium (XOF Billion), 2013-
Figure 36: Gabon Liability Insurance - Penetration (%), 2013-
Figure 37: Gabon Liability Insurance - Penetration (%), 2017-
Figure 38: Gabon Liability Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-
Figure 39: Gabon Marine, Aviation and Transit Insurance - Direct Written Premium (XOF Billion), 2013-
Figure 40: Gabon Marine, Aviation and Transit Insurance - Penetration (%), 2013-
Figure 41: Gabon Marine, Aviation and Transit Insurance - Penetration (%), 2017-
Figure 42: Gabon Marine, Aviation and Transit Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-
Figure 43: Gabon Personal Accident and Health Insurance - Direct Written Premium (XOF Billion), 2013-
Figure 44: Gabon Personal Accident and Health Insurance - Penetration (%), 2013-
Figure 45: Gabon Personal Accident and Health Insurance - Penetration (%), 2017-
Figure 46: Gabon Personal Accident and Health Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-
Figure 47: Gabon Miscellaneous - Direct Written Premium (XOF Billion), 2013-
Figure 48: Gabon Miscellaneous - Penetration (%), 2013-
Figure 49: Gabon Miscellaneous - Penetration (%), 2017-
Figure 50: Gabon Miscellaneous - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-
Figure 51: Gabon Reinsurance - Premium Ceded by Insurance Segment (XOF Billion), 2013-
Figure 52: Gabon General Insurance - Percentage of Reinsurance Ceded (%), 2013-
Figure 53: Gabonese Insurance Industry - Market Shares of Leading Insurers (%),
Figure 54: Gabonese Life Insurance Segment - Market Shares of Leading Insurers (%),
Figure 55: Gabonese General Insurance Segment - Market Shares of Leading Insurers (%),
Figure 56: Gabon - Insurance Supervision and Control at Various Levels
Figure 57: Gabon - Insurance Regulatory Frameworks for Company Registration and Operation

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