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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Chad non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Chad's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Chad non-life (P&C) market as well as trends by line of business. Axco analysts also report on Chad'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 Chad's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Chad, 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 Chad, 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 Chad with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
The Chadian non-life market is small relative to others in the region with low penetration at only 0.13% of GDP and low maturity reflecting the overall poverty of much of the population and the lack of insurance awareness and understanding. Gross premiums declined in 2016 and 2017 due to a deteriorating economic situation (driven largely by the drop in the price of oil) and the impact of the government's austerity programme.
There was a rally in 2018 with non-life market achieving growth of 4.5%, generating premium income of ....
This is a brief extract of information; more updated information may be available in the latest published report
