Naperville, IL -- (SBWIRE) -- 08/13/2014 -- Reportstack, provider of premium market research reports announces the addition of The Insurance Industry in Angola, Key Trends and Opportunities to 2018 market report to its offering
Angola is the fifth-largest economy in Africa and is one of the fastest-growing economies globally, with an annual GDP growth averaging 11.6% during 20022011. according to IMF. The Angolan economy is highly dependent on the oil sector, which in 2012 accounted for 46.0% of GDP and 96.0% of exports. The country is the second largest oil producer in Africa after Nigeria. Led by stable economic growth and a progressive regulatory environment, the Angolan insurance industry (which is the sixth-largest in Africa, in terms of gross written premium) witnessed a strong growth during the review period (20092013). This was primarily driven by the non-life segment, which accounted for 63.6% of the insurance industry gross written premium in 2013. Several insurance companies entered the countrys insurance industry in that year, attracted by its growth potential and low penetration rate, which stood at 0.91% compared with the average African rate of 3.9%. GA Angola Seguros was the first foreign insurance company to enter the Angolan insurance industry, obtaining a license in 2005. There is lack of awareness among consumers, especially regarding saving and investment life insurance products, which is a major reason for low insurance penetration. The countrys insurance industry is regulated and supervised by the Institute of Insurance Supervision of Angola (ISS) under the Ministry of Finance. Over the forecast period (20132018), expansion of economic activities, high infrastructure investment, increasing life expectancy, improving regulatory environment and a rise in awareness among consumers will be the major driving factors of growth.
Scope
This report provides a comprehensive analysis of the insurance industry in Angola:
It provides historical values for the Angolan insurance industry for the reports 20092013 review period and forecast figures for the 20132018 forecast period.
It offers a detailed analysis of the key segments and categories in the Angolan 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 Angola, and outlines the key regulations affecting them.
Reasons to Buy
Make strategic business decisions using in-depth historic and forecast industry data related to the Angolan insurance industry and each segment within it.
Understand the demand-side dynamics, key trends and growth opportunities within the Angolan insurance industry.
Assess the competitive dynamics in the Angolan insurance industry.
Identify the growth opportunities and market dynamics within key segments.
Gain insights into key regulations governing the Angolan insurance industry and its impact on companies and the industry's future.
Companies Mentioned
AAA Insurance SA
National Insurance Company of Angola (ENSA)
GA Angola Seguros SA
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http://www.reportstack.com/product/166883/the-insurance-industry-in-angola-key-trends-and-opportunities-to-2018.html
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