Boston, MA -- (SBWIRE) -- 05/14/2014 -- The Chadian insurance industry is small, with just two companies serving a population of 11.2 million in 2013, and less developed than in other Sub-Saharan countries such as Cameroon and Cote d'Ivoire. However, the Chadian insurance industry grew from XAF8.73 billion (US$18.5 million) in 2009 to XAF9.58 billion (US$19.4 million) in 2013, at a review-period (2009-2013) CAGR of 2.3%. This was partially due to the strong performance of the personal accident and health segment, and the strength of the Chadian economy.
- The Chadian insurance industry grew from XAF8.73 billion (US$18.5 million) in 2009 to XAF9.58 billion (US$19.4 million) in 2013, at a CAGR of 2.3%.
- Non-life insurance was the largest segment in the industry, accounting for 68.8% of the total gross written premium in 2013.
- Favorable regulation supports overall insurance industry growth.
- High levels of poverty discourages insurance sales.
- The Chadian insurance industry is regulated by the DFEO, under the Ministry of Finance.
- The Chadian insurance industry is oligopolistic in nature, and more concentrated than other countries in the Sub-Saharan region. Only two insurance companies, National Star SA and Societe Africaine d'Assurance et de Reassurance (SAFAR), operate.
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This report provides a comprehensive analysis of the insurance industry in Chad:
- It provides historical values for the Chadian insurance industry for the report's 2009-2013 review period and forecast figures for the 2013-2018 forecast period.
- It offers a detailed analysis of the key segments and categories in the Chadian insurance industry, along with forecasts until 2018.
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions.
- It profiles the top insurance companies in Chad, and outlines the key regulations affecting them.
Reasons to Get this Report
- Make strategic business decisions using in-depth historic and forecast industry data related to the Chadian insurance industry and each segment within it.
- Understand the demand-side dynamics, key trends and growth opportunities within the Chadian insurance industry.
- Assess the competitive dynamics in the Chadian insurance industry.
- Identify the growth opportunities and market dynamics within key segments.
- Gain insights into key regulations governing the Chadian insurance industry and its impact on companies and the industry's future.
Companies Mentioned in this Report: National Star SA, Societe Africaine d'Assurance et de Reassurance (SAFAR),
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