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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Angolan non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Angola's insurance sector. Systematic updates are published throughout the cycle. to the latest developments in the Angolan non-life (P&C) market as well as trends by line of business. Axco analysts also report on Angola's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers,
The report describes Angolan insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Angola, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Angola, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Angola with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
The Angolan insurance market continues to operate under challenging conditions. The oil price collapse in 2014 had a negative impact on the market which has been exacerbated by Angola's ongoing economic difficulties and in particular the current recession and devaluation of the currency. Non-life premiums in 2018 were AOA 136.61bn (USD 540.25mn), an increase of 12.04% on the previous year. In USD terms the non-life insurance market (including PA and healthcare) has contracted from total premiums of USD 1.03bn in 2014 to USD 540.25mn in 2018 as Angolan companies and individuals have retrenched and reduced the amount of insurance cover that they buy. The Angolan economy and the insurance market is still ....
This is a brief extract of information; more updated information may be available in the latest published report.
