Insurance Industry in Chad, Key Trends and Opportunities to 2018

Published: May, 2014 | Pages: 134 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis
The report provides in-depth industry analysis, information and insights of the insurance industry in Chad, including:
The Chadian insurance industry's growth prospects by insurance segments and categories
The competitive landscape in the Chadian insurance industry
The current trends and drivers of the Chadian insurance industry
Challenges facing the Chadian insurance industry
The regulatory framework of the Chadian insurance industry

Summary
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.
Scope
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.
Reason To Buy
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.
Key Highlights
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.

 1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Chadian Insurance Industry Overview
3.1 The Chadian Insurance Industry
3.2 Key Industry Trends and Drivers
3.3 Challenges
3.4 Regulation
4 Industry Segmentation
4.1 Life Insurance
4.1.1 Individual marriage and birth insurance
4.1.2 Group life insurance
4.2 Non-Life Insurance
4.2.1 Property insurance
4.2.2 Motor insurance
4.2.3 Liability insurance
4.2.4 Marine, aviation and transit insurance
4.3 Persol Accident and Health Insurance
4.4 Reinsurance
5 Governce, Risk and Compliance
5.1 Legislation Overview and Historical Evolution
5.2 Legislation and Market Practice by Type of Insurance
5.2.1 Life insurance
5.2.2 Property insurance
5.2.3 Motor insurance
5.2.4 Liability insurance
5.2.5 Marine, aviation and transit insurance
5.2.6 Persol accident and health insurance
5.3 Compulsory Insurance
5.3.1 Motor third-party liability insurance
5.3.2 Professiol indemnity insurance for insurance intermediaries
5.4 Supervision and Control
5.4.1 Intertiol Association of Insurance Supervisors
5.4.2 Commission Regiol des Assurances (CRCA)
5.4.3 Direction des Finces Exterieures et Organismes (DFEO)
5.5 Non-Admitted Insurance Regulations
5.5.1 Overview
5.5.2 Intermediaries
5.5.3 Market practices
5.5.4 Fines and pelties
5.6 Company Registration and Operations
5.6.1 Types of insurance organization
5.6.2 Establishing a local company
5.6.3 Foreign ownership
5.6.4 Types of license
5.6.5 Capital requirements
5.6.6 Solvency margins
5.6.7 Reserve requirements
5.6.8 Investment regulations
5.6.9 Statutory return requirements
5.6.10 Fee structure
5.7 Taxation
5.7.1 Insurance premium or policy taxation
5.7.2 Withholding taxes on premium paid overseas
5.7.3 Corporate tax
5.7.4 VAT
5.7.5 Captives
5.8 Legal System
5.8.1 Introduction
5.8.2 Access to court
5.8.3 Altertive dispute resolution (ADR)
6 Competitive Landscape
6.1 Overview
6.2 Leading Companies
6.2.1 tiol Star SA - Company Overview
6.2.2 Societe Africaine d'Assurance et de Reassurance - company overview
7 Economic Indicators
7.1 GDP at Constant Prices (US$)
7.2 GDP at Current Prices (US$)
7.3 GDP per Capita at Current Prices (US$)
7.4 Labor Force
7.5 Total Number of Households
7.6 Total Number of Internet Subscribers
7.7 Total Population
7.8 Urban and Rural Populations
8 Appendix
8.1 Methodology
8.2 Contact Timetric
8.3 About Timetric
8.4 Timetric's Services
8.5 Disclaimer


List of Tables
Table 1: Insurance Industry Definitions 
Table 2: Chadian Insurance - Overall Written Premium by Segment (XAF Billion), 2009-2013 
Table 3: Chadian Insurance - Overall Written Premium by Segment (US$ Million), 2009-2013 
Table 4: Chadian Insurance - Overall Written Premium by Segment (XAF Billion), 2013-2018 
Table 5: Chadian Insurance - Overall Written Premium by Segment (US$ Million), 2013-2018 
Table 6: Chadian Insurance - Segmentation (Percentage Share), 2009-2018 
Table 7: Chadian Life Insurance - Written Premium by Category (XAF Billion), 2009-2013 
Table 8: Chadian Life Insurance - Written Premium by Category (US$ Million), 2009-2013 
Table 9: Chadian Life Insurance - Written Premium by Category (XAF Billion), 2013-2018 
Table 10: Chadian Life Insurance - Written Premium by Category (US$ Million), 2013-2018 
Table 11: Chadian Life Insurance - Paid Claims (XAF Million), 2009-2013 
Table 12: Chadian Life Insurance - Paid Claims (XAF Million), 2013-2018 
Table 13: Chadian Life Insurance - Incurred Loss (XAF Million), 2009-2013 
Table 14: Chadian Life Insurance - Incurred Loss (XAF Million), 2013-2018 
Table 15: Chadian Life Insurance - Loss Ratio (%), 2009-2013 
Table 16: Chadian Life Insurance - Loss Ratio (%), 2013-2018 
Table 17: Chadian Life Insurance - Combined Ratio (%), 2009-2013 
Table 18: Chadian Life Insurance - Combined Ratio (%), 2013-2018 
Table 19: Chadian Life Insurance - Retentions (XAF Million), 2009-2013 
Table 20: Chadian Life Insurance - Retentions (XAF Million), 2013-2018 
Table 21: Chadian Individual Marriage and Birth Insurance - Written Premium (XAF Million), 2009-2013 
Table 22: Chadian Individual Marriage and Birth Insurance - Written Premium (XAF Million), 2013-2018 
Table 23: Chadian Group Life Insurance - Written Premium (XAF Million), 2009-2013 
Table 24: Chadian Group Life Insurance - Written Premium (XAF Million), 2013-2018 
Table 25: Chadian Non-Life Insurance - Written Premium by Category (XAF Billion), 2009-2013 
Table 26: Chadian Non-Life Insurance - Written Premium by Category (US$ Million), 2009-2013 
Table 27: Chadian Non-Life Insurance - Written Premium by Category (XAF Billion), 2013-2018 
Table 28: Chadian Non-Life Insurance - Written Premium by Category (US$ Million), 2013-2018 
Table 29: Chadian Non-Life Insurance - Paid Claims (XAF Billion), 2009-2013 
Table 30: Chadian Non-Life Insurance - Paid Claims (XAF Billion), 2013-2018 
Table 31: Chadian Non-Life Insurance - Incurred Loss (XAF Billion), 2009-2013 
Table 32: Chadian Non-Life Insurance - Incurred Loss (XAF Billion), 2013-2018 
Table 33: Chadian Non-Life Insurance - Loss Ratio (%), 2009-2013 
Table 34: Chadian Non-Life Insurance - Loss Ratio (%), 2013-2018 
Table 35: Chadian Non-Life Insurance - Combined Ratio (%), 2009-2013 
Table 36: Chadian Non-Life Insurance - Combined Ratio (%), 2013-2018 
Table 37: Chadian Non-Life Insurance - Total Investment Income (XAF Million), 2009-2013 
Table 38: Chadian Non-Life Insurance - Total Investment Income (XAF Million), 2013-2018 
Table 39: Chadian Non-Life Insurance - Retentions (XAF Billion), 2009-2013 
Table 40: Chadian Non-Life Insurance - Retentions (XAF Billion), 2013-2018 
Table 41: Chadian Property Insurance - Written Premium (XAF Billion), 2009-2013 
Table 42: Chadian Property Insurance - Written Premium (XAF Billion), 2013-2018 
Table 43: Chadian Motor Insurance - Written Premium (XAF Billion), 2009-2013 
Table 44: Chadian Motor Insurance - Written Premium (XAF Billion), 2013-2018 
Table 45: Chadian Liability Insurance - Written Premium (XAF Million), 2009-2013 
Table 46: Chadian Liability Insurance - Written Premium (XAF Million), 2013-2018 
Table 47: Chadian Marine, Aviation and Transit Insurance - Written Premium (XAF Million), 2009-2013 
Table 48: Chadian Marine, Aviation and Transit Insurance - Written Premium (XAF Million), 2013-2018 
Table 49: Chadian Persol Accident and Health Insurance - Written Premium (XAF Billion), 2009-2013 
Table 50: Chadian Persol Accident and Health Insurance - Written Premium (XAF Billion), 2013 
Table 51: Chadian Persol Accident and Health Insurance - Paid Claims (XAF Million), 2009-2013 
Table 52: Chadian Persol Accident and Health Insurance - Paid Claims (XAF Billion), 2013-2018 
Table 53: Chadian Persol Accident and Health Insurance - Incurred Loss (XAF Million), 2009-2013 
Table 54: Chadian Persol Accident and Health Insurance - Incurred Loss (XAF Billion), 2013-2018 
Table 55: Chadian Persol Accident and Health Insurance - Loss Ratio (%), 2009-2013 
Table 56: Chadian Persol Accident and Health Insurance - Loss Ratio (%), 2013-2018 
Table 57: Chadian Persol Accident and Health Insurance - Combined Ratio (%), 2009-2013 
Table 58: Chadian Persol Accident and Health Insurance - Combined Ratio (%), 2013-2018 
Table 59: Chadian Persol Accident and Health Insurance - Total Investment Income (XAF Million), 2009-2013 
Table 60: Chadian Persol Accident and Health Insurance - Total Investment Income (XAF Million), 2013-2018 
Table 61: Chadian Persol Accident and Health Insurance - Retentions (XAF Billion), 2009-2013 
Table 62: Chadian Persol Accident and Health Insurance - Retentions (XAF Billion), 2013-2018 
Table 63: Chadian Reinsurance Ceded by Insurance Industry (XAF Billion), 2009-2013 
Table 64: Chadian Reinsurance Ceded by Insurance Industry (US$ Million), 2009-2013 
Table 65: Chadian Reinsurance Ceded by Insurance Industry (XAF Billion), 2013-2018 
Table 66: Chadian Reinsurance Ceded by Insurance Industry (US$ Million), 2013-2018 
Table 67: Chadian Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013 
Table 68: Chadian Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018 
Table 69: Chadian Non-life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013 
Table 70: Chadian Non-life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018 
Table 71: Chadian Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2009-2013 
Table 72: Chadian Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2013-2018 
Table 73: Chad - Intermediary Remuneration Rates 
Table 74: Chad - Life Insurance Regulatory Framework 
Table 75: Chad - Property Insurance Regulatory Framework 
Table 76: Chad - Motor Insurance Regulatory Framework 
Table 77: Chad - Liability Insurance Regulatory Framework 
Table 78: Chad - Insurance Premium Tax Rates 
Table 79: Chad - Corporate Tax Rates for the Fincial Year 2013 
Table 80: Chadian Insurance - Industry Shares by Company, 2010 and 2011 
Table 81: tiol Star SA - Main Products 
Table 82: tiol Star SA - Key Employees 
Table 83: Societe Africaine d'Assurance et de Reassurance - Main Products 
Table 84: Societe Africaine d'Assurance et de Reassurance - Key Employees