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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Ethiopian non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Ethiopia's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Ethiopia non-life (P&C) market as well as trends by line of business. Axco analysts also report on Ethiopia'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 Ethiopia's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Ethiopia, 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 Ethiopia, 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 Ethiopia with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
As the second most populated African country, after Nigeria, the Ethiopian insurance market is small compared to its neighbours. Growth has been substantial over the last decade, generally outgrowing inflation, but the market remains largely focused on non-life insurance and standard products.
Non-life premium income (including personal accident and health) amounted to BTE 7.13bn in 2017 ....
This is a brief extract of information; more updated information may be available in the latest published report
