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Axco provides details on the life insurance sector including Sudanese 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 Sudan, 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 Sudanese 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 Sudan 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 

The level of contribution growth in the country witnessed in recent years for life (takaful) business appears high (30.83% in 2017 and 73.08% in 2018), with further growth been anticipated in results for 2019, however, this should be considered against the fact that inflation continues to be an issue in the market. In November 2020, a record rate of inflation 255% year-on-year was said to be reached as food and rent prices soared whilst the local currency continued to devalue. As inflation outpaces GDP growth, real GDP has shrunk, and the market talks of an economic recession ....

There is no company pensions market in Sudan and no applicable legislation. The sector is not expected to develop to any extent in the near future as the market is constrained by the application of Islamic insurance principles, though some development may take place if a change to enable conventional insurance to take place.

The main reasons for the lack of private and company pension funds are listed below ....

Healthcare business in Sudan was treated by the Insurance Supervisory Authority as non-life business. It is not clear in view of the requirement under the new Insurance Supervision Act of 2018 for composite insurers to separate their life and medical businesses from their non-life businesses whether this will mean in the future that healthcare will be regarded as life business. At the time this report was in preparation the text of the new act was not available. At the First Sudanese National Conference for the Insurance Industry ....