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The Insurance Industry in Republic of the Congo, Key Trends and Opportunities to 2022

Publisher Timetric
Published May 31, 2018
Length 139 Pages
SKU # TMTR15710952

Description

The Insurance Industry in Republic of the Congo, Key Trends and Opportunities to 2022

The Insurance Industry in Republic of the Congo, Key Trends and Opportunities to 2022

Summary.

Timetric’s The Insurance Industry in Republic of the Congo, Key Trends and Opportunities to 2022, report provides detailed analysis of the market trends, drivers and challenges in the Congolese 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 Congolese 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.

This report provides in-depth market analysis, information and insights into the Congolese insurance industry, including -
  • The Congolese insurance industry's growth prospects by segment and category
  • A comprehensive overview of the Congolese economy and demographics
  • Details of the competitive landscape in the Congolese insurance industry
  • The various distribution channels in the Congolese insurance industry
  • Details of regulatory policy applicable to the Congolese insurance industry
  • Analysis of natural hazards in the Congolese insurance industry.
Key Highlights
  • On September 20, 2017, World Bank signed an agreement with the government of the Republic of the Congo to fund XAF58.2 billion (US$100.0 million) towards improving the productivity of local farmers and the overall agricultural market.
  • As of May 2017, there were 24 registered brokers operating in the Congolese insurance industry.
  • Until 2016, six insurance companies, two life insurers and four general insurers were operating in Congo.
Scope.

This report provides a comprehensive analysis of the insurance industry in Republic of the Congo -
  • It provides historical values for the Congolese 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 Congolese 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 Republic of the Congo.
  • It profiles the top insurance companies in Republic of the Congo, 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 Congolese insurance industry and each segment and category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Congolese insurance industry.
  • Assess the competitive dynamics in the Congolese insurance industry.
  • Identify the growth opportunities and market dynamics in key segments.
  • Gain insights into key regulations governing the Congolese insurance industry and their impact on companies and the industry's future.

Table of Contents

139 Pages
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 Segment Indicators
5.1.1 Direct written premium
5.1.2 Paid claims
5.1.3 Penetration
5.1.4 Assets and investments
6 General Insurance Outlook
6.1 Segment Indicators
6.1.1 Direct written premium
6.1.2 Paid claims
6.1.3 Penetration
6.1.4 Loss ratio
6.1.5 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 Epidemics
9.3 Exposure
10 Competitive Landscape
10.1 Company Profiles
10.1.1 Assurances et Réassurances du Congo - company overview
10.1.2 Assurances Générales du Congo - company overview
10.1.3 Nouvelle Société Interafricaine d’Assurances - company overview
10.1.4 Allianz Congo Assurances - company overview
10.1.5 Assurances Générales du Congo-Vie (AGC-Vie) - 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 International Association of Insurance Supervisors
11.5.2 Commission Regional des Assurances
11.5.3 Direction 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 (ADR)
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 Timetric
14.1 Contact Timetric
14.2 About Timetric
14.3 Timetric’s Services
14.4 Disclaimer
List of Tables
Table 1: Congolese Insurance Industry - Key Facts, 2017
Table 2: Congolese Insurance Industry - Industry Shares of the Top Insurers, 2016
Table 3: Congolese Government Credit Ratings
Table 4: Congolese Insurance Industry - Direct Written Premium (XAF Billion and US$ Million), 2013-2017
Table 5: Congolese Insurance Industry - Direct Written Premium (XAF Billion and US$ Million), 2017-2022
Table 6: Congolese Insurance Industry - Density (XAF and US$), 2013-2017
Table 7: Congolese Insurance Industry - Density (XAF and US$), 2017-2022
Table 8: Congolese Insurance Industry - Paid Claims (XAF Billion and US$ Million), 2013-2017
Table 9: Congolese Insurance Industry - Paid Claims (XAF Billion and US$ Million), 2017-2022
Table 10: Congolese Life Insurance - Direct Written Premium (XAF Billion and US$ Million), 2013-2017
Table 11: Congolese Life Insurance - Direct Written Premium (XAF Billion and US$ Million), 2017-2022
Table 12: Congolese Life Insurance - Paid Claims (XAF Billion and US$ Million), 2013-2017
Table 13: Congolese Life Insurance - Paid Claims (XAF Billion and US$ Million), 2017-2022
Table 14: Congolese Life Insurance - Total Investment Income (XAF Million and US$ Million), 2013-2017
Table 15: Congolese Life Insurance - Total Investment Income (XAF Million and US$ Million), 2017-2022
Table 16: Congolese Life Insurance - Investment Portfolio (XAF Billion), 2013-2017
Table 17: Congolese Life Insurance - Investment Portfolio (XAF Billion), 2017-2022
Table 18: Congolese General Insurance - Direct Written Premium (XAF Billion and US$ Million), 2013-2017
Table 19: Congolese General Insurance - Direct Written Premium (XAF Billion and US$ Million), 2017-2022
Table 20: Congolese General Insurance - Paid Claims (XAF Billion and US$ Million), 2013-2017
Table 21: Congolese General Insurance - Paid Claims (XAF Billion and US$ Million), 2017-2022
Table 22: Congolese General Insurance - Total Investment Income (XAF Billion and US$ Million), 2013-2017
Table 23: Congolese General Insurance - Total Investment Income (XAF Billion and US$ Million), 2017-2022
Table 24: Congolese General Insurance - Investment Portfolio (XAF Billion), 2013-2017
Table 25: Congolese General Insurance - Investment Portfolio (XAF Billion), 2017-2022
Table 26: Congolese Property Insurance - Direct Written Premium (XAF Billion and US$ Million), 2013-2017
Table 27: Congolese Property Insurance - Direct Written Premium (XAF Billion and US$ Million), 2017-2022
Table 28: Congolese Property Insurance - Loss Ratio (%), 2013-2017
Table 29: Congolese Property Insurance - Loss Ratio (%), 2017-2022
Table 30: Congolese Motor Insurance - Direct Written Premium (XAF Billion and US$ Million), 2013-2017
Table 31: Congolese Motor Insurance - Direct Written Premium (XAF Billion and US$ Million), 2017-2022
Table 32: Congolese Motor Insurance - Loss Ratio (%), 2013-2017
Table 33: Congolese Motor Insurance - Loss Ratio (%), 2017-2022
Table 34: Congolese Liability Insurance - Direct Written Premium (XAF Billion and US$ Million), 2013-2017
Table 35: Congolese Liability Insurance - Direct Written Premium (XAF Billion and US$ Million), 2017-2022
Table 36: Congolese Liability Insurance - Loss Ratio (%), 2013-2017
Table 37: Congolese Liability Insurance - Loss Ratio (%), 2017-2022
Table 38: Congolese Marine, Aviation and Transit Insurance - Direct Written Premium (XAF Billion and US$ Million), 2013-2017
Table 39: Congolese Marine, Aviation and Transit Insurance - Direct Written Premium (XAF Billion and US$ Million), 2017-2022
Table 40: Congolese Marine, Aviation and Transit Insurance - Loss Ratio (%), 2013-2017
Table 41: Congolese Marine, Aviation and Transit Insurance - Loss Ratio (%), 2017-2022
Table 42: Congolese Personal Accident and Health Insurance - Direct Written Premium (XAF Billion and US$ Million), 2013-2017
Table 43: Congolese Personal Accident and Health Insurance - Direct Written Premium (XAF Billion and US$ Million), 2017-2022
Table 44: Congolese Personal Accident and Health Insurance - Loss Ratio (%), 2013-2017
Table 45: Congolese Personal Accident and Health Insurance - Loss Ratio (%), 2017-2022
Table 46: Congolese Miscellaneous - Direct Written Premium (XAF Billion and US$ Million), 2013-2017
Table 47: Congolese Miscellaneous - Direct Written Premium (XAF Billion and US$ Million), 2017-2022
Table 48: Congolese Miscellaneous - Loss Ratio (%), 2013-2017
Table 49: Congolese Miscellaneous - Loss Ratio (%), 2017-2022
Table 50: Congolese Reinsurance - Premium Ceded by Insurance Segment (XAF Billion), 2013-2017
Table 51: Congolese Reinsurance - Premium Ceded by Insurance Segment (XAF Billion), 2017-2022
Table 52: Congolese Insurance Industry - Market Shares of Leading Insurers (%), 2016
Table 53: Congolese Insurance Industry - Market Shares of Leading Life Insurers (%), 2016
Table 54: Congolese Insurance Industry - Market Shares of Leading General Insurers (%), 2016
Table 55: Assurances et Réassurances du Congo - Key Facts
Table 56: Assurances Générales du Congo - Key Facts
Table 57: Nouvelle Société Interafricaine d’Assurances - Key Facts
Table 58: Allianz Congo Assurances - Key Facts
Table 59: Assurances Générales du Congo-Vie (AGC-Vie) - Key Facts
Table 60: Congo - Insurance Regulatory Framework Key Features
Table 61: Congo - Intermediary Remuneration Rates
Table 62: Congo - Life Insurance Regulatory Framework
Table 63: Congo - Property Insurance Regulatory Framework
Table 64: Congo - Motor Insurance Regulatory Framework
Table 65: Congo - Liability Insurance Regulatory Framework
Table 66: Congo - Insurance Premium Tax Rates
Table 67: Congo - Corporate Tax Rates for the Financial Year 2017
Table 68: Congolese Life Insurance - Policies and Premium, 2013-2017
Table 69: Congolese Life Insurance - Policies and Premium, 2017-2022
Table 70: Congolese Life Insurance - Claims and Expenses, 2013-2017
Table 71: Congolese Life Insurance - Claims and Expenses, 2017-2022
Table 72: Congolese Life Insurance - Assets and Investments, 2013-2017
Table 73: Congolese Life Insurance - Assets and Investments, 2017-2022
Table 74: Congolese General Insurance - Policies and Premium, 2013-2017
Table 75: Congolese General Insurance - Policies and Premium, 2017-2022
Table 76: Congolese General Insurance - Claims and Expenses, 2013-2017
Table 77: Congolese General Insurance - Claims and Expenses, 2017-2022
Table 78: Congolese General Insurance - Assets and Investments, 2013-2017
Table 79: Congolese General Insurance - Assets and Investments, 2017-2022
Table 80: Congolese General Insurance - Property Insurance, 2013-2017
Table 81: Congolese General Insurance - Property Insurance, 2017-2022
Table 82: Congolese General Insurance - Property Insurance by Category, 2013-2017
Table 83: Congolese General Insurance - Property Insurance by Category, 2017-2022
Table 84: Congolese General Insurance - Motor Insurance, 2013-2017
Table 85: Congolese General Insurance - Motor Insurance, 2017-2022
Table 86: Congolese General Insurance - Motor Insurance by Category, 2013-2017
Table 87: Congolese General Insurance - Motor Insurance by Category, 2017-2022
Table 88: Congolese General Insurance - Liability Insurance, 2013-2017
Table 89: Congolese General Insurance - Liability Insurance, 2017-2022
Table 90: Congolese General Insurance - Marine, Aviation and Transit Insurance, 2013-2017
Table 91: Congolese General Insurance - Marine, Aviation and Transit Insurance, 2017-2022
Table 92: Congolese General Insurance - Marine, Aviation and Transit Insurance by Category, 2013-2017
Table 93: Congolese General Insurance - Marine, Aviation and Transit Insurance by Category, 2017-2022
Table 94: Congolese General Insurance - Personal Accident and Health Insurance, 2013-2017
Table 95: Congolese General Insurance - Personal Accident and Health Insurance, 2017-2022
Table 96: Congolese General Insurance - Miscellaneous, 2013-2017
Table 97: Congolese General Insurance - Miscellaneous, 2017-2022
Table 98: Insurance Industry Definitions
List of Tables
Figure 1: Congolese Real GDP (XAF Trillion), 2013-2022
Figure 2: Congolese Exchange Rate (XAF per US$), 2013-2022
Figure 3: Congolese Consumer Price Inflation (%), 2013-2022
Figure 4: Congolese Current Account Balance (% of GDP), 2013-2022
Figure 5: Congolese Unemployment Rate, 2013-2022
Figure 6: Congolese Population by Age Group, 1991-2025
Figure 7: Congolese Insurance Industry - Direct Written Premium (XAF Billion), 2013-2022
Figure 8: Congolese Insurance Industry - Density (XAF), 2013-2022
Figure 9: Congolese Insurance Industry - Paid Claims (XAF Billion), 2013-2022
Figure 10: Congolese Life Insurance - Direct Written Premium (XAF Billion), 2013-2022
Figure 11: Congolese Life Insurance - Paid Claims (XAF Billion), 2013-2022
Figure 12: Congolese Life Insurance - Penetration (%), 2013-2017
Figure 13: Congolese Life Insurance - Penetration (%), 2017-2022
Figure 14: Congolese Life Insurance - Total Investment Income (XAF Million), 2013-2022
Figure 15: Congolese Life Insurance - Investment Portfolio (XAF Billion), 2013-2022
Figure 16: Congolese Life Insurance - Investment Portfolio Dynamics (XAF Billion), 2013-2022
Figure 17: Congolese General Insurance - Direct Written Premium (XAF Billion), 2013-2022
Figure 18: Congolese General Insurance - Paid Claims (XAF Billion), 2013-2022
Figure 19: Congolese General Insurance - Penetration (%), 2013-2017
Figure 20: Congolese General Insurance - Penetration (%), 2017-2022
Figure 21: Congolese General Insurance - Loss Ratio (%), 2013-2017
Figure 22: Congolese General Insurance - Loss Ratio (%), 2017-2022
Figure 23: Congolese General Insurance - Total Investment Income (XAF Million), 2013-2022
Figure 24: Congolese General Insurance - Investment Portfolio (XAF Billion), 2013-2022
Figure 25: Congolese General Insurance - Investment Portfolio Dynamics (XAF Billion), 2013-2022
Figure 26: Congolese Property Insurance - Direct Written Premium (XAF Billion), 2013-2022
Figure 27: Congolese Property Insurance - Penetration (%), 2013-2017
Figure 28: Congolese Property Insurance - Penetration (%), 2017-2022
Figure 29: Congolese Property Insurance - Earned Premium, Incurred Loss and Loss Ratio (XAF Billion and %), 2013-2022
Figure 30: Congolese Motor Insurance - Direct Written Premium (XAF Billion), 2013-2022
Figure 31: Congolese Motor Insurance - Penetration (%), 2013-2017
Figure 32: Congolese Motor Insurance - Penetration (%), 2017-2022
Figure 33: Congolese Motor Insurance - Earned Premium, Incurred Loss and Loss Ratio (XAF Billion and %), 2013-2022
Figure 34: Congolese Liability Insurance - Direct Written Premium (XAF Billion), 2013-2022
Figure 35: Congolese Liability Insurance - Penetration (%), 2013-2017
Figure 36: Congolese Liability Insurance - Penetration (%), 2017-2022
Figure 37: Congolese Liability Insurance - Earned Premium, Incurred Loss and Loss Ratio (XAF Billion and %), 2013-2022
Figure 38: Congolese Marine, Aviation and Transit Insurance - Direct Written Premium (XAF Billion), 2013-2022
Figure 39: Congolese Marine, Aviation and Transit Insurance - Penetration (%), 2013-2017
Figure 40: Congolese Marine, Aviation and Transit Insurance - Penetration (%), 2017-2022
Figure 41: Congolese Marine, Aviation and Transit Insurance - Earned Premium, Incurred Loss and Loss Ratio (XAF Billion and %), 2013-2022
Figure 42: Congolese Personal Accident and Health Insurance - Direct Written Premium (XAF Billion), 2013-2022
Figure 43: Congolese Personal Accident and Health Insurance - Penetration (%), 2013-2017
Figure 44: Congolese Personal Accident and Health Insurance - Penetration (%), 2017-2022
Figure 45: Congolese Personal Accident and Health Insurance - Earned Premium, Incurred Loss and Loss Ratio (XAF Billion and %), 2013-2022
Figure 46: Congolese Miscellaneous - Direct Written Premium (XAF Billion), 2013-2022
Figure 47: Congolese Miscellaneous - Penetration (%), 2013-2017
Figure 48: Congolese Miscellaneous - Penetration (%), 2017-2022
Figure 49: Congolese Miscellaneous - Earned Premium, Incurred Loss and Loss Ratio (XAF Billion and %), 2013-2022
Figure 50: Congolese Reinsurance - Premium Ceded by Insurance Segment (XAF Billion), 2013-2022
Figure 51: Congolese Insurance Industry - Market Shares of Leading Insurers (%), 2016
Figure 52: Congolese Insurance Industry - Market Shares of Leading Life Insurers (%), 2016
Figure 53: Congolese Insurance Industry - Market Shares of Leading General Insurers (%), 2016
Figure 54: Congo - Insurance Supervision and Control at Various Levels
Figure 55: Congo - Insurance Regulatory Frameworks for Company Registration and Operation

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