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The Insurance Industry in Togo Key Trends and Opportunities to 2020

  • Key Facts and Highlights
    • Table Togolese Insurance Industry – Key Facts, 2015
    • Table Togolese Insurance Industry – Segment Shares of the Top Insurers, 2014
  • Executive Summary
  • Economy and Demographics
  • Industry Outlook
    • Regional Comparison
    • Industry Indicators
      • Gross written premium
        • Table Togolese Insurance Industry – Gross Written Premium by Segment (XOF Billion), 2011–2015
        • Table Togolese Insurance Industry – Gross Written Premium by Segment (XOF Billion), 2015–2020
        • Table Togolese Insurance Industry – Density (Direct Written Premium Per Capita) by Segment (XOF), 2011–2015
        • Table Togolese Insurance Industry – Density (Direct Written Premium Per Capita) by Segment (XOF), 2015–2020
      • Claims
        • Table Togolese Insurance Industry – Paid Claims by Segment (XOF Billion), 2011–2015
        • Table Togolese Insurance Industry – Paid Claims by Segment (XOF Billion), 2015–2020
      • Investments
        • Table Togolese Insurance Industry – Total Investment Income by Segment (XOF Billion), 2011–2015
        • Table Togolese Insurance Industry – Total Investment Income by Segment (XOF Billion), 2015–2020
        • Table Togolese Insurance Industry – Life Insurance Investment Portfolio (XOF Billion), 2011–2015
        • Table Togolese Insurance Industry – Life Insurance Investment Portfolio (XOF Billion), 2015–2020
        • Table Togolese Insurance Industry – Non-Life Insurance Investment Portfolio (XOF Billion), 2011–2015
        • Table Togolese Insurance Industry – Non-Life Insurance Investment Portfolio (XOF Billion), 2015–2020
        • Table Togolese Insurance Industry – Personal Accident and Health Insurance Investment Portfolio (XOF Billion), 2011–2015
        • Table Togolese Insurance Industry – Personal Accident and Health Insurance Investment Portfolio (XOF Billion), 2015–2020
  • Life Insurance Outlook
    • Table Togolese Life Insurance – Gross Written Premium (XOF Billion and US$ Million), 2011–2015
    • Table Togolese Life Insurance – Gross Written Premium (XOF Billion and US$ Million), 2015–2020
    • Individual Life Insurance
      • Penetration
    • Group Life Insurance
      • Penetration
  • Non-Life Insurance Outlook
    • Table Togolese Non-Life Insurance – Gross Written Premium (XOF Billion and US$ Million), 2011–2015
    • Table Togolese Non-Life Insurance – Gross Written Premium (XOF Billion and US$ Million), 2015–2020
    • Property Insurance
      • Penetration
      • Claims
        • Table Togolese Property Insurance – Paid Claims (XOF Billion and US$ Million), 2011–2015
        • Table Togolese Property Insurance – Paid Claims (XOF Billion and US$ Million), 2015–2020
      • Profitability
        • Table Togolese Property Insurance – Loss Ratio (%), 2011–2015
        • Table Togolese Property Insurance – Loss Ratio (%), 2015–2020
    • Motor Insurance
      • Penetration
      • Claims
        • Table Togolese Motor Insurance – Paid Claims (XOF Billion and US$ Million), 2011–2015
        • Table Togolese Motor Insurance – Paid Claims (XOF Billion and US$ Million), 2015–2020
      • Profitability
        • Table Togolese Motor Insurance – Loss Ratio (%), 2011–2015
        • Table Togolese Motor Insurance – Loss Ratio (%), 2015–2020
    • Liability Insurance
      • Penetration
      • Claims
        • Table Togolese Liability Insurance – Paid Claims (XOF Million and US$ Million), 2011–2015
        • Table Togolese Liability Insurance – Paid Claims (XOF Million and US$ Million), 2015–2020
      • Profitability
        • Table Togolese Liability Insurance – Loss Ratio (%), 2011–2015
        • Table Togolese Liability Insurance – Loss Ratio (%), 2015–2020
    • Marine, Aviation and Transit Insurance
      • Penetration
      • Claims
        • Table Togolese Marine, Aviation and Transit Insurance – Paid Claims (XOF Million and US$ Million), 2011–2015
        • Table Togolese Marine, Aviation and Transit Insurance – Paid Claims (XOF Million and US$ Million), 2015–2020
      • Profitability
        • Table Togolese Marine, Aviation and Transit Insurance – Loss Ratio (%), 2011–2015
        • Table Togolese Marine, Aviation and Transit Insurance – Loss Ratio (%), 2015–2020
  • Personal Accident and Health Insurance Outlook
    • Table Togolese Personal Accident and Health Insurance – Gross Written Premium (XOF Billion and US$ Million), 2011–2015
    • Table Togolese Personal Accident and Health Insurance – Gross Written Premium (XOF Billion and US$ Million), 2015–2020
  • Reinsurance Outlook
    • Premium Ceded
      • Table Togolese Reinsurance – Premium Ceded by Insurance Segment (XOF Billion), 2011–2015
      • Table Togolese Reinsurance – Premium Ceded by Insurance Segment (XOF Billion), 2015–2020
  • Natural Hazards
    • Table Togolese Average Annual Loss by Hazard (US$ Million), 1990–2014
    • Flooding
    • Exposure
  • Competitive Landscape
    • Table Togolese Insurance Industry – Market Shares of Leading Insurers (%), 2014
    • Company Profiles
      • Groupement Togolais d'Assurances Vie – company overview
        • Table Groupement Togolais d'Assurances Vie – Key Facts
      • Nouvelle Société Interafricaine d'Assurance Group – company overview
        • Table Nouvelle Société Interafricaine d'Assurance Group – Key Facts
      • Saham Assurance – company overview
        • Table Saham Assurance – Key Facts
      • Sunu Assurances IARD Togo – company overview
        • Table Sunu Assurances IARD Togo – Key Facts
      • Allianz Togo Assurances – company overview
        • Table Allianz Togo Assurances – Key Facts
  • Governance, Risk and Compliance
    • Table Togo – Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Table Togo– Intermediary Remuneration Rates
      • Life Insurance
        • Table Togo– Life Insurance Regulatory Framework
      • Property Insurance
        • Table Togo– Property Insurance Regulatory Framework
      • Motor Insurance
        • Table Togo– Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Togo– 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
      • Worker's compensation
    • Supervision and Control
      • International Association of Insurance Supervisors
      • Commission Regional des Assurances (CRCA)
      • Direction Nationales des Assurances (DNA)
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • 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 Togo – Insurance Premium Tax Rates
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Togo – Corporate Tax Rates for the Financial Year 2016
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Databook
    • Life Insurance
      • Policies and premium
        • Table Togolese Life Insurance – Policies and Premium, 2011–2015
        • Table Togolese Life Insurance – Policies and Premium, 2015–2020
      • Claims and expenses
        • Table Togolese Life Insurance – Claims and Expenses, 2011–2015
        • Table Togolese Life Insurance – Claims and Expenses, 2015–2020
      • Assets and investments
        • Table Togolese Life Insurance – Assets and Investments, 2011–2015
        • Table Togolese Life Insurance – Assets and Investments, 2015–2020
      • Individual life insurance
        • Table Togolese Life Insurance – Individual Life Insurance, 2011–2015
        • Table Togolese Life Insurance – Individual Life Insurance, 2015–2020
      • Individual life insurance by product
        • Table Togolese Life Insurance – Individual Life Insurance by Product, 2011–2015
        • Table Togolese Life Insurance – Individual Life Insurance by Product, 2015–2020
      • Group life insurance
        • Table Togolese Life Insurance – Group Life Insurance, 2011–2015
        • Table Togolese Life Insurance – Group Life Insurance, 2015–2020
      • Group life insurance by product
        • Table Togolese Life Insurance – Group Life Insurance by Product, 2011–2015
        • Table Togolese Life Insurance – Group Life Insurance by Product, 2015–2020
      • Linked vs non-linked policies
        • Table Togolese Life Insurance – Linked vs Non-Linked Policies, 2011–2015
        • Table Togolese Life Insurance – Linked vs Non-Linked Policies, 2015–2020
    • Non-Life Insurance
      • Policies and premium
        • Table Togolese Non-Life Insurance – Policies and Premium, 2011–2015
        • Table Togolese Non-Life Insurance – Policies and Premium, 2015–2020
      • Claims and expenses
        • Table Togolese Non-Life Insurance – Claims and Expenses, 2011–2015
        • Table Togolese Non-Life Insurance – Claims and Expenses, 2015–2020
      • Assets and investments
        • Table Togolese Non-Life Insurance – Assets and Investments, 2011–2015
        • Table Togolese Non-Life Insurance – Assets and Investments, 2015–2020
      • Property insurance
        • Table Togolese Non-Life Insurance – Property Insurance, 2011–2015
        • Table Togolese Non-Life Insurance – Property Insurance, 2015–2020
      • Property insurance by product
        • Table Togolese Non-Life Insurance – Property Insurance by Product, 2011–2015
        • Table Togolese Non-Life Insurance – Property Insurance by Product, 2015–2020
      • Motor insurance
        • Table Togolese Non-Life Insurance – Motor Insurance, 2011–2015
        • Table Togolese Non-Life Insurance – Motor Insurance, 2015–2020
      • Motor insurance by product
        • Table Togolese Non-Life Insurance – Motor Insurance by Product, 2011–2015
        • Table Togolese Non-Life Insurance – Motor Insurance by Product, 2015–2020
      • Liability insurance
        • Table Togolese Non-Life Insurance – Liability Insurance, 2011–2015
        • Table Togolese Non-Life Insurance – Liability Insurance, 2015–2020
      • Marine, aviation and transit insurance
        • Table Togolese Non-Life Insurance – Marine, Aviation and Transit Insurance, 2011–2015
        • Table Togolese Non-Life Insurance – Marine, Aviation and Transit Insurance, 2015–2020
    • Personal Accident and Health Insurance
      • Policies and premium
        • Table Togolese Personal Accident and Health Insurance – Policies and Premium, 2011–2015
        • Table Togolese Personal Accident and Health Insurance – Policies and Premium, 2015–2020
      • Claims and expenses
        • Table Togolese Personal Accident and Health Insurance – Claims and Expenses, 2011–2015
        • Table Togolese Personal Accident and Health Insurance – Claims and Expenses, 2015–2020
      • Assets and investments
        • Table Togolese Personal Accident and Health Insurance – Assets and Investments, 2011–2015
        • Table Togolese Personal Accident and Health Insurance – Assets and Investments, 2015–2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

The Insurance Industry in Togo Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'The Insurance Industry in Togo Key Trends and Opportunities to 2020' report provides a detailed analysis of Togolese 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 (2011–2015) and forecast periods (2015–2020).The report also gives a comprehensive overview of Togolese economy and demographics, and provides detailed information on the competitive landscape in the country. It also includes the impact of natural hazards on the insurance industry. 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 Togo, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into Togo insurance industry, including:

  • An overview of Togolese insurance industry
  • The Togolese insurance industry's growth prospects by segment and category
  • A comprehensive overview of Togolese economy and demographics
  • The detailed competitive landscape in the Togolese insurance industry
  • Detailed regulatory policies of the Togolese insurance industry
  • An analysis of natural hazards in the Togolese insurance industry
Scope

This report provides a comprehensive analysis of the insurance industry in Togo:
  • It provides historical values for Togolese insurance industry for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key segments in Togolese insurance industry, with market forecasts to 2020.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.
  • It profiles the top insurance companies in Togo, and outlines the key regulations affecting them.
  • It covers the economy and demographics structure of Togo.
  • It analyzes the impact of natural hazards in Togolese insurance industry.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to Togolese insurance industry and each segment and category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in Togolese insurance industry.
  • Assess the competitive dynamics in Togolese insurance industry.
  • Identify the growth opportunities and market dynamics in key segments.
  • Gain insights into key regulations governing Togolese insurance industry and their impact on companies and the industry's future.
Key Highlights
  • The Togolese insurance industry is small; there were 12 insurers (five life insurers and seven general insurers) operating in the industry in 2014.
  • Life insurance was the largest segment, which accounted for 44.4% of the industry's gross written premium in 2015.
  • There is an increasing role of international trade in Togo due to the high current account deficit and debt burden. Cocoa, coffee and cotton generate 40% of export earnings; with the latter being the most important cash crop in Togo.
  • Flood is a major challenge for Togolese insurers, and is a key risk in terms of economic damage. The country has three large basins which make it vulnerable to flooding.
  • Growing healthcare expenditure and rising life expectancy were the key growth drivers of the personal accident and health insurance segment.


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