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The Insurance Industry in Angola, Key Trends and Opportunities to 2019

The Insurance Industry in Angola, Key Trends and Opportunities to 2019

Synopsis

Timetric’s 'The Insurance Industry in Angola, Key Trends and Opportunities to 2019' 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, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019).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 Timetric’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.

Summary

Timetric’s 'The Insurance Industry in Angola, Key Trends and Opportunities to 2019' 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 Angolan economy and demographics
  • The detailed competitive landscape in the Angolan insurance industry
  • The various distribution channels in the Angolan insurance industry
  • Detailed regulatory policies of the Angolan insurance industry
  • Analysis of natural hazards in Angolan insurance industry
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 2010–2014 review period, and projected figures for the 2014–2019 forecast period.
  • It offers a detailed analysis of the key segments in the Angolan insurance industry, along with market forecasts until 2019.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.
  • 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.
Key Highlights
  • The Angolan insurance gross written premium grew at a review-period CAGR of 9.3%.
  • On June 6, 2013, the Ministry of Finance established a new regulatory body, Arseg, which took over ISS’s responsibilities and implemented several reforms to improve the highly concentrated insurance industry.
  • The non-life segment accounted for 65.4% of the industry's gross written premium in 2014.
  • The personal accident and health segment accounted for 33.0% of the industry's gross written premium in 2014.
  • According to Arseg, there were 15 licensed insurers operating in the industry in 2013, which increased from 17 in 2014 to 18 in 2015.


  • Key Facts and Highlights
    • Table Angolan Insurance Industry - Key Facts
  • Executive Summary
  • Economy and Demographics
  • Industry Segmentation
    • Life Insurance
      • Table Angolan Life Insurance - Gross Written Premium (AOA Billion), 2010-2014
      • Table Angolan Life Insurance - Gross Written Premium (AOA Billion), 2014-2019
      • Table Angolan Life Insurance - Paid Claims (AOA Million), 2010-2014
      • Table Angolan Life Insurance - Paid Claims (AOA Million), 2014-2019
      • Table Angolan Life Insurance - Incurred Loss (AOA Million), 2010-2014
      • Table Angolan Life Insurance - Incurred Loss (AOA Million), 2014-2019
      • Table Angolan Life Insurance - Net Written Premium as a Percentage of GWP (%), 2010-2014
      • Table Angolan Life Insurance - Net Written Premium as a Percentage of GWP (%), 2014-2019
      • Table Angolan Life Insurance - Total Assets (AOA Billion), 2010-2014
      • Table Angolan Life Insurance - Total Assets (AOA Billion), 2014-2019
      • Table Angolan Life Insurance - Total Investment Income (AOA Million), 2010-2014
      • Table Angolan Life Insurance - Total Investment Income (AOA Million), 2014-2019
      • Table Angolan Life Insurance - Net Written Premium (AOA Million), 2010-2014
      • Table Angolan Life Insurance - Net Written Premium (AOA Million), 2014-2019
    • Non-Life Insurance
      • Table Angolan Non-Life Insurance - Gross Written Premium by Category (AOA Billion), 2010-2014
      • Table Angolan Non-Life Insurance - Gross Written Premium by Category (US$ Million), 2010-2014
      • Table Angolan Non-Life Insurance - Gross Written Premium by Category (AOA Billion), 2014-2019
      • Table Angolan Non-Life Insurance - Gross Written Premium by Category (US$ Million), 2014-2019
      • Table Angolan Non-Life Insurance - Direct Written Premium by Category (AOA Billion), 2010-2014
      • Table Angolan Non-Life Insurance - Direct Written Premium by Category (US$ Million), 2010-2014
      • Table Angolan Non-Life Insurance - Direct Written Premium by Category (AOA Billion), 2014-2019
      • Table Angolan Non-Life Insurance - Direct Written Premium by Category (US$ Million), 2014-2019
      • Table Angolan Non-Life Insurance - Paid Claims (AOA Billion), 2010-2014
      • Table Angolan Non-Life Insurance - Paid Claims (AOA Billion), 2014-2019
      • Table Angolan Non-Life Insurance - Incurred Loss (AOA Billion), 2010-2014
      • Table Angolan Non-Life Insurance - Incurred Loss (AOA Billion), 2014-2019
      • Table Angolan Non-Life Insurance - Loss Ratio (%), 2010-2014
      • Table Angolan Non-Life Insurance - Loss Ratio (%), 2014-2019
      • Table Angolan Non-Life Insurance - Combined Ratio (%), 2010-2014
      • Table Angolan Non-Life Insurance - Combined Ratio (%), 2014-2019
      • Table Angolan Non-Life Insurance - Total Assets (AOA Billion), 2010-2014
      • Table Angolan Non-Life Insurance - Total Assets (AOA Billion), 2014-2019
      • Table Angolan Non-Life Insurance - Total Investment Income (AOA Billion), 2010-2014
      • Table Angolan Non-Life Insurance - Total Investment Income (AOA Billion), 2014-2019
      • Table Angolan Non-Life Insurance - Net Written Premium (AOA Billion), 2010-2014
      • Table Angolan Non-Life Insurance - Net Written Premium (AOA Billion), 2014-2019
      • Property insurance
        • Table Angolan Property Insurance - Gross Written Premium (AOA Billion), 2010-2014
        • Table Angolan Property Insurance - Gross Written Premium (AOA Billion), 2014-2019
      • Motor insurance
        • Table Angolan Motor Insurance - Gross Written Premium (AOA Billion), 2010-2014
        • Table Angolan Motor Insurance - Gross Written Premium (AOA Billion), 2014-2019
      • Liability insurance
        • Table Angolan Liability Insurance - Gross Written Premium (AOA Billion), 2010-2014
        • Table Angolan Liability Insurance - Gross Written Premium (AOA Billion), 2014-2019
      • Marine, aviation and transit insurance
        • Table Angolan Marine, Aviation and Transit Insurance - Gross Written Premium (AOA Billion), 2010-2014
        • Table Angolan Marine, Aviation and Transit Insurance - Gross Written Premium (AOA Billion), 2014-2019
    • Personal Accident and Health Insurance
      • Table Angolan Personal Accident And Health Insurance - Gross Written Premium (AOA Billion), 2010-2014
      • Table Angolan Personal Accident And Health Insurance - Gross Written Premium (AOA Billion), 2014-2019
      • Table Angolan Personal Accident and Health Insurance - Paid Claims (AOA Billion), 2010-2014
      • Table Angolan Personal Accident and Health Insurance - Paid Claims (AOA Billion), 2014-2019
      • Table Angolan Personal Accident and Health Insurance - Incurred Loss (AOA Billion), 2010-2014
      • Table Angolan Personal Accident and Health Insurance - Incurred Loss (AOA Billion), 2014-2019
      • Table Angolan Personal Accident and Health Insurance - Loss Ratio (%), 2010-2014
      • Table Angolan Personal Accident and Health Insurance - Loss Ratio (%), 2014-2019
      • Table Angolan Personal Accident and Health Insurance - Combined Ratio (%), 2010-2014
      • Table Angolan Personal Accident and Health Insurance - Combined Ratio (%), 2014-2019
      • Table Angolan Personal Accident and Health Insurance - Total Assets (AOA Billion), 2010-2014
      • Table Angolan Personal Accident and Health Insurance - Total Assets (AOA Billion), 2014-2019
      • Table Angolan Personal Accident and Health Insurance - Total Investment Income (AOA Million), 2010-2014
      • Table Angolan Personal Accident and Health Insurance - Total Investment Income (AOA Million), 2014-2019
      • Table Angolan Personal Accident and Health Insurance - Net Written Premium (AOA Billion), 2010-2014
      • Table Angolan Personal Accident and Health Insurance - Net Written Premium (AOA Billion), 2014-2019
    • Reinsurance
      • Table Angolan Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (AOA Billion), 2010-2014
      • Table Angolan Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (US$ Million), 2010-2014
      • Table Angolan Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (AOA Billion), 2014-2019
      • Table Angolan Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (US$ Million), 2014-2019
      • Table Angolan Life Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2010-2014
      • Table Angolan Life Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2014-2019
      • Table Angolan Non-Life Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2010-2014
      • Table Angolan Non-Life Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2014-2019
      • Table Angolan Personal Accident and Health Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2010-2014
      • Table Angolan Personal Accident and Health Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2014-2019
  • Natural Hazards
    • Table Angolan Economic Loss by Hazard (US$ Million), 1990-2014
    • Table Angolan Average Annual Loss by Hazard (US$ Million), 1990-2014
    • Floods
    • Droughts
    • Exposure
      • Table Fund Allocation and Delivery from United Nations Development Programme (UNDP) during 2012-2014 (US$)
  • Competitive Landscape
    • Overview
      • Table Angolan Insurance Industry - Market Share, 2013
    • Leading Companies
      • Empresa Nacional de Seguros e Resseguros de Angola - company overview
        • Table Empresa Nacional de Seguros e Resseguros de Angola - Gross Written Premium by Segment (AOA Million), 2013-2014
        • Table Empresa Nacional de Seguros e Resseguros de Angola, Key Facts
      • AAA Seguros SA - company overview
        • Table AAA Insurance SA, Key Facts
      • GA Angola Seguros SA - company overview
        • Table GA Angola Seguros SA, Key Facts
      • Global Seguros SA - company overview
        • Table Global Seguros SA, Key Facts
      • Nova Sociedade de Seguros de Angola SA - company overview
        • Table Nova Sociedade de Seguros de Angola SA, Key Facts
  • Governance, Risk and Compliance
    • Table Angola - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulations
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Angola - Life Insurance Regulatory Framework
      • Property insurance
        • Table Angola - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Angola - Motor Insurance Regulatory Framework
      • Liability Insurance
        • Table Angola - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Workmen's compensation
      • Aviation liability insurance
        • Table Angola - Minimum Amount to be Insured by Aircraft Owners Against Third-Party Liability
      • Motor third-party liability insurance
        • Table Angola - Minimum Amount to be Insured by Automobile Owners Against Third-Party Liability
    • Supervision and Control
      • African Insurance Organization
      • Angolan Agency of Regulation and Supervision of Insurance (ARSEG)
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market Practices
      • Fines and Penalties
    • Company Registration and Operations
      • Types of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margins
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Angola - Corporate Tax Rates for the Financial Year 2015
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Definitions and Methodology
    • What is this Report About?
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • Appendix
    • Methodology
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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