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  4. > Angola Insurance Report Q4 2016

Angola Insurance Report Q4 2016

  • October 2016
  • -
  • Business Monitor International
  • -
  • 47 pages

Includes 3 FREE quarterly updates

BMI View:

The Angolan insurance market will be increasingly dominated by health insurance with plenty of downside in other segments. In USD terms, the relatively tiny life segment contracts and motor vehicle insurance diminishes in line with the decline in disposable incomes. The drop in the price in oil is primarily responsible for the decline in disposable incomes, the depreciation of the kwacha and high rates of inflation, which have together undermined the total value of Angolan premiums. As the Angolan market stagnates, the state-owned insurer ENSA will consolidate its role, particularly after getting control of the oil and gas insurance market following the disbanding of Sonangol's subsidiary, AAA.

Key Updates & Forecasts

- Progress on liberalisation of the oil and gas insurance market has been stalled with state-owned ENSA remaining dominant after taking over the role from Sonagol's AAA with criticism that it does not have the finance and experienced personnel to deal with the specific and technical nature of oil sector insurance. While premiums may be cheaper under the new model, oil companies fear that it will not work. There is a danger that ENSA will be unable to cover even minor offshore accidents.

Table Of Contents

Angola Insurance Report Q4 2016
BMI Industry View 5
Table: Headline Insurance Forecasts (Angola 2013-2020) 5
SWOT 7
Insurance 7
Industry Forecast 9
Life Premiums Forecast 9
Table: Life Premiums (Angola 2013-2020) 12
Table: Life Insurance Claims (Angola 2009-2012) 12
Non-Life Premiums Forecast 13
Table: Non-Life Premiums (Angola 2013-2020) 16
Table: Non-Life Insurance Claims (Angola 2009-2012) 16
Non-Life Sub-Sector Forecast 17
Table: Non-Life Insurance Premiums by Product Line (Angola 2013-2020) 23
Insurance Risk/Reward Index 25
Industry Risk/Reward Index 25
Table: Sub-Saharan Africa Insurance Risk/Reward Index - Q416 25
Market Overview 27
Life Market Overview 27
Product Offering 27
Competitive Landscape 27
Non-Life Market Overview 30
Product Offering 30
Competitive Landscape 30
Company Profile 33
A Mundial Seguros (AMUSE) 33
ENSA Seguros de Angola SA 35
GA Angola Seguros 38
Methodology 41
Industry Forecast Methodology 41
Sector-Specific Methodology 42
Risk/Reward Index Methodology 44
Table: Indicators 46
Table: Weighting of Indicators 47

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