Ethiopia

Axco provides details on the life insurance sector including Ethiopian market participants, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.

The report describes the public and private healthcare system in Ethiopia, the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.

Axco reports on the three pillars of Ethiopian pension provision.

• State pension benefits including benefit calculations and eligibility criteria 
• Workplace pension provision; types of schemes calculations eligibility and; tax implications
• Voluntary individual pension provision, type of products and tax implications

The Ethiopia report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

• state pensions,
• permanent disability benefit
• occupational accident and disease
• maternity and paternity payments 

Ethiopia's life insurance market is very small. Over 90% of insurance premium is written by non-life insurers. Nevertheless, the life market has been growing consistently over the last few years, but growth remained below the rate of inflation. Premium income amounted to ETB 360.1mn (USD 13.11mn) in 2017, an increase of 8.1% compared to 2016.

Nine companies are licensed to underwrite life insurance; all of these insurers are composite ....

Ethiopia does not have a sophisticated private sector pensions industry.

The Public Servants Social Security Agency (PSSSA) provides pension facilities for government employees. Since 2011, all private organisations have been required to register with the Private Organizations Employees Social Security Agency (POESSA) and Ethiopian nationals employed by private organisations in Ethiopia must join the Private Organizations Pension Fund ....

The long-awaited full launch of a national health scheme by the Ethiopian Health Insurance Agency (EHIA) had not taken place as of 2018 but there have been some local pilot projects. The first Health Sector Development Plan (HSDP I) was introduced in the 1990s and was followed by HSDP II and then HSDP III. Plans for large scale recruitment and training were put in place and certain nationwide priorities were established including family planning, disease control and immunisation initiatives. Civil unrest in 2016 and a state of emergency further delayed implementation of many ....