The Insurance Industry in Chad, Key Trends and Opportunities to 2020

Published: Oct, 2016 | Pages: 129 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Summary

Timetric’s 'The Insurance Industry in Chad, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Chadian insurance industry, including:

• An overview of the Chadian insurance industry

• The Chadian insurance industry's growth prospects by segment and category

• A comprehensive overview of the Chadian economy and demographics

• The detailed competitive landscape in the Chadian insurance industry

• Overview of distribution channels in the Chadian insurance industry

• Details of regulatory policy applicable to the Chadian insurance industry

• An analysis of natural hazards and its impact on the Chadian insurance industry

Synopsis

Timetric’s 'The Insurance Industry in Chad, Key Trends and Opportunities to 2020' report provides a detailed analysis of Chadian insurance industry.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review (2011–2015) and forecast periods (2015–2020).

The report also gives a comprehensive overview of the Chadian economy and demographics, and provides detailed information on the competitive landscape in the country. It also includes the impact of natural hazards on the insurance industry.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations and recent changes in the regulatory structure.

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 2011–2015 review period, and projected figures for the 2015–2020 forecast period.

• It offers a detailed analysis of the key segments in the Chadian insurance industry, with market forecasts to 2020.

• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.

• It profiles the top insurance companies in Chad, and outlines the key regulations affecting them.

• It covers the economy and demographics structure of Chad.

• It analyzes the impact of natural hazards in the Chadian insurance industry.

Reasons To Buy

• Make strategic business decisions using in-depth historic and forecast market data related to the Chadian insurance industry and each segment and category within it.

• Understand the demand-side dynamics, key market trends and growth opportunities in the Chadian insurance industry.

• Assess the competitive dynamics in the Chadian insurance industry.

• Identify growth opportunities and market dynamics in key segments.

• Gain insights into key regulations governing the Chadian insurance industry, and their impact on companies and the industry's future.

 Table of Content

1 KEY FACTS and HIGHLIGHTS

2 EXECUTIVE SUMMARY

3 ECONOMY AND DEMOGRAPHICS

4 INDUSTRY OUTLOOK
4.1 Regional Comparison
4.2 Industry Indicators
4.2.1 Gross written premium
4.2.2 Claims
4.2.3 Investment Income

5 LIFE INSURANCE OUTLOOK
5.1 Individual Life Insurance
5.1.1 Gross written premium
5.1.2 Penetration
5.2 Group Life Insurance
5.2.1 Gross written premium
5.2.2 Penetration

6 NON-LIFE INSURANCE OUTLOOK
6.1 Property Insurance
6.1.1 Gross written premium
6.1.2 Penetration
6.1.3 Profitability
6.2 Motor Insurance
6.2.1 Gross written premium
6.2.2 Penetration
6.2.3 Profitability
6.3 Liability Insurance
6.3.1 Gross written premium
6.3.2 Penetration
6.3.3 Profitability
6.4 Marine, Aviation and Transit Insurance
6.4.1 Gross Written Premium
6.4.2 Penetration
6.4.3 Profitability

7 PERSONAL ACCIDENT AND HEALTH INSURANCE OUTLOOK
7.1 Personal Accident and Health Insurance
7.1.1 Gross Written Premium
7.1.2 Penetration
7.1.3 Profitability

8 REINSURANCE OUTLOOK
8.1 Premium Ceded

9 NATURAL HAZARDS
9.1 Flooding
9.2 Droughts
9.3 Exposure

10 COMPETITIVE LANDSCAPE
10.1 Company Profiles
10.1.1 Star Group Assurances – company overview
10.1.2 Société Africaine d’Assurance et de Reassurance – company overview

11 GOVERNANCE, RISK AND COMPLIANCE
11.1 Legislation Overview and Historical Evolution
11.2 Latest Changes in Regulation
11.3 Legislation and Market Practice by Type of Insurance
11.3.1 Life Insurance
11.3.2 Property Insurance
11.3.3 Motor Insurance
11.3.4 Liability insurance
11.3.5 Marine, aviation and transit insurance
11.3.6 Personal accident and health insurance
11.4 Compulsory Insurance
11.4.1 Motor third party liability insurance
11.4.2 Professional indemnity insurance for insurance intermediaries
11.5 Supervision and Control
11.5.1 International Association of Insurance Supervisors
11.5.2 Commission Regional des Assurances (CRCA)
11.5.3 Direction des Finances Extérieures et Organismes (DFEO)
11.6 Non-Admitted Insurance Regulation
11.6.1 Overview
11.6.2 Intermediaries
11.6.3 Market practices
11.6.4 Fines and Penalties
11.7 Company Registration and Operations
11.7.1 Type of insurance organization
11.7.2 Establishing a local company
11.7.3 Foreign ownership
11.7.4 Types of license
11.7.5 Capital requirements
11.7.6 Solvency margin
11.7.7 Reserve requirements
11.7.8 Investment regulations
11.7.9 Statutory return requirements
11.7.10 Fee structure
11.8 Taxation
11.8.1 Insurance premium or policy taxation
11.8.2 Withholding taxes on premium paid overseas
11.8.3 Corporate tax
11.8.4 VAT
11.8.5 Captives
11.9 Legal System
11.9.1 Introduction
11.9.2 Access to court
11.9.3 Alternative dispute resolution (ADR)

12 DATABOOK
12.1 Life Insurance
12.1.1 Policies and premium
12.1.2 Commissions and Expenses
12.1.3 Investments
12.1.4 Individual life insurance
12.1.5 Group life insurance
12.1.6 Non-linked policies
12.2 Non-Life Insurance
12.2.1 Policies and premium
12.2.2 Claims and expenses
12.2.3 Investments
12.2.4 Property insurance
12.2.5 Property Insurance by Product
12.2.6 Motor insurance
12.2.7 Motor Insurance by Product
12.2.8 Liability insurance
12.2.9 Marine, Aviation and Transit Insurance
12.3 Personal Accident and Health Insurance
12.3.1 Policies and Premium
12.3.2 Claims and expenses
12.3.3 Assets and investments

13 DEFINITIONS AND METHODOLOGY
13.1 Definitions
13.2 Methodology

14 ABOUT TIMETRIC
14.1 Contact Timetric
14.2 About Timetric
14.3 Timetric’s Services
14.4 Disclaimer

List of Tables

Table 1: Chadian Insurance Industry – Key Facts, 2015
Table 2: Chadian Insurance Industry – Segment Shares of the Top Insurers, 2014
Table 3: Chadian Insurance Industry – Gross Written Premium by Segment (XAF Million), 2011–2015
Table 4: Chadian Insurance Industry – Gross Written Premium by Segment (XAF Million), 2015–2020
Table 5: Chadian Insurance Industry – Density (Direct Written Premium Per Capita) by Segment (XAF), 2011–2015
Table 6: Chadian Insurance Industry – Density (Direct Written Premium Per Capita) by Segment (XAF), 2015–2020
Table 7: Chadian Insurance Industry – Paid Claims by Segment (XAF Million), 2011–2015
Table 8: Chadian Insurance Industry – Paid Claims by Segment (XAF Million), 2015–2020
Table 9: Chadian Insurance Industry – Total Investment Income by Segment (XAF Million), 2011–2015
Table 10: Chadian Insurance Industry – Total Investment Income by Segment (XAF Million), 2015–2020
Table 11: Chadian Insurance Industry – Non-Life Insurance Investment Portfolio (XAF Million), 2011–2015
Table 12: Chadian Insurance Industry – Non-Life Insurance Investment Portfolio (XAF Million), 2015–2020
Table 13: Chadian Insurance Industry – Personal Accident and Health Insurance Investment Portfolio (XAF Million), 2011–2015
Table 14: Chadian Insurance Industry – Personal Accident and Health Insurance Investment Portfolio (XAF Million), 2015–2020
Table 15: Chadian Individual Life Insurance – Gross Written Premium (XAF Million and US$ Million), 2011–2015
Table 16: Chadian Individual Life Insurance – Gross Written Premium (XAF Million and US$ Million), 2015–2020
Table 17: Chadian Group Life Insurance – Gross Written Premium (XAF Million and US$ Million), 2011–2015
Table 18: Chadian Group Life Insurance – Gross Written Premium (XAF Million and US$ Million), 2015–2020
Table 19: Chadian Property Insurance – Gross Written Premium (XAF Million and US$ Million), 2011–2015
Table 20: Chadian Property Insurance – Gross Written Premium (XAF Million and US$ Million), 2015–2020
Table 21: Chadian Property Insurance – Loss Ratio (%),2011–2015
Table 22: Chadian Property Insurance – Loss Ratio(%), 2015–2020
Table 23: Chadian Motor Insurance – Gross Written Premium (XAF Million and US$ Million), 2011–2015
Table 24: Chadian Motor Insurance – Gross Written Premium (XAF Million and US$ Million), 2015–2020
Table 25: Chadian Motor Insurance – Loss Ratio (%),2011–2015
Table 26: Chadian Motor Insurance – Loss Ratio (%), 2015–2020
Table 27: Chadian Liability Insurance – Gross Written Premium (XAF Million and US$ Million), 2011–2015
Table 28: Chadian Liability Insurance – Gross Written Premium (XAF Million and US$ Million), 2015–2020
Table 29: Chadian Liability Insurance – Loss Ratio (%),2011–2015
Table 30: Chadian Liability Insurance – Loss Ratio (%), 2015–2020
Table 31: Chadian Marine, Aviation and Transit Insurance – Gross Written Premium (XAF Million and US$ Million), 2011–2015
Table 32: Chadian Marine, Aviation and Transit Insurance – Gross Written Premium (XAF Million and US$ Million), 2015–2020
Table 33: Chadian Marine, Aviation and Transit Insurance – Loss Ratio (%),2011–2015
Table 34: Chadian Marine, Aviation and Transit Insurance – Loss Ratio(%), 2015–2020
Table 35: Chadian Personal Accident Insurance – Gross Written Premium (XAF Million and US$ Million), 2011–2015
Table 36: Chadian Personal Accident Insurance – Gross Written Premium (XAF Million and US$ Million), 2015–2020
Table 37: Chadian Personal Accident and Health Insurance – Loss Ratio (%),2011–2015
Table 38: Chadian Personal Accident and Health Insurance – Loss Ratio (%), 2015–2020
Table 39: Chadian Reinsurance – Premium Ceded by Insurance Segment (XAF Million), 2011–2015
Table 40: Chadian Reinsurance – Premium Ceded by Insurance Segment (XAF Million), 2015–2020
Table 41: Chadian Insurance Industry – Market Shares of Leading Insurers (%), 2014
Table 42: Star Nationale SA – Key Facts
Table 43: Star Vie SA – Key Facts
Table 44: Société Africaine d’Assurance et de Reassurance – Key Facts
Table 45: Chad – Insurance Regulatory Framework Key Features
Table 46: Chad – Intermediary Remuneration Rates
Table 47: Chad – Life Insurance Regulatory Framework
Table 48: Chad – Property Insurance Regulatory Framework
Table 49: Chad – Motor Insurance Regulatory Framework
Table 50: Chad – Liability Insurance Regulatory Framework
Table 51: Chad – Insurance Premium Tax Rates
Table 52: Chad – Corporate Tax Rates for the Financial Year 2016
Table 53: Chadian Life Insurance – Policies and Premium, 2011–2015
Table 54: Chadian Life Insurance – Policies and Premium, 2015–2020
Table 55: Chadian Life Insurance – Commissions and Expenses, 2011–2015
Table 56: Chadian Life Insurance – Commissions and Expenses, 2015–2020
Table 57: Chadian Life Insurance – Investments, 2011–2015
Table 58: Chadian Life Insurance – Investments, 2015–2020
Table 59: Chadian Life Insurance – Individual Life Insurance, 2011–2015
Table 60: Chadian Life Insurance – Individual Life Insurance, 2015–2020
Table 61: Chadian Life Insurance – Group Life Insurance, 2011–2015
Table 62: Chadian Life Insurance – Group Life Insurance, 2015–2020
Table 63: Chadian Life Insurance – Non-Linked Policies, 2011–2015
Table 64: Chadian Life Insurance – Non-Linked Policies, 2015–2020
Table 65: Chadian Non-Life Insurance – Policies and Premium, 2011–2015
Table 66: Chadian Non-Life Insurance – Policies and Premium, 2015–2020
Table 67: Chadian Non-Life Insurance – Claims and Expenses, 2011–2015
Table 68: Chadian Non-Life Insurance – Claims and Expenses, 2015–2020
Table 69: Chadian Non-Life Insurance – Investments, 2011–2015
Table 70: Chadian Non-Life Insurance – Investments, 2015–2020
Table 71: Chadian Non-Life Insurance – Property Insurance, 2011–2015
Table 72: Chadian Non-Life Insurance – Property Insurance, 2015–2020
Table 73: Chadian Non-Life Insurance – Property Insurance by Product, 2011–2015
Table 74: Chadian Non-Life Insurance – Property Insurance by Product, 2015–2020
Table 75: Chadian Non-Life Insurance – Motor Insurance, 2011–2015
Table 76: Chadian Non-Life Insurance – Motor Insurance, 2015–2020
Table 77: Chadian Non-Life Insurance – Motor Insurance by Product, 2011–2015
Table 78: Chadian Non-Life Insurance – Motor Insurance by Product, 2015–2020
Table 79: Chadian Non-Life Insurance – Liability Insurance, 2011–2015
Table 80: Chadian Non-Life Insurance – Liability Insurance, 2015–2020
Table 81: Chadian Non-Life Insurance – Marine, Aviation and Transit Insurance, 2011–2015
Table 82: Chadian Non-Life Insurance – Marine, Aviation and Transit Insurance, 2015–2020
Table 83: Chadian Personal Accident and Health Insurance – Policies and Premium, 2011–2015
Table 84: Chadian Personal Accident and Health Insurance – Policies and Premium, 2015–2020
Table 85: Chadian Personal Accident and Health Insurance – Claims and Expenses, 2011–2015
Table 86: Chadian Personal Accident and Health Insurance – Claims and Expenses, 2015–2020
Table 87: Chadian Personal Accident and Health Insurance – Assets and Investments, 2011–2015
Table 88: Chadian Personal Accident and Health Insurance – Assets and Investments, 2015–2020
Table 89: Insurance Industry Definitions

List of Figures

Figure 1: Chadian Real GDP (XAF Billion), 2011–2020
Figure 2: Chadian Consumer Price Inflation (%), 2011–2020
Figure 3: Chadian XAF–US$ exchange rate, 2011–2020
Figure 4: Chadian Current Account Balance as Percentage of GDP (%), 2011–2020
Figure 5: Chadian Unemployment Rate, 2011–2020
Figure 6: Chadian Population by Age Group, 1991–2025
Figure 7: Chadian Life Insurance Penetration – Regional Comparison (%), 2015
Figure 8: Chadian Non-Life Insurance Penetration – Regional Comparison (%), 2015
Figure 9: Chadian Personal Accident and Health Insurance Penetration – Regional Comparison (%), 2015
Figure 10: Chadian Insurance Segment Direct Written Premium Shares – Regional Comparison (%), 2015
Figure 11: Chadian Insurance Industry – Gross Written Premium by Segment, 2011–2020
Figure 12: Chadian Insurance Industry – Density (Direct Written Premium Per Capita) by Segment (XAF), 2011–2020
Figure 13: Chadian Insurance Industry – Paid Claims by Segment (XAF Million), 2011–2020
Figure 14: Chadian Insurance Industry – Total Investment Income by Segment (XAF Million), 2011–2020
Figure 15: Chadian Insurance Industry – Non-Life Insurance Investment Portfolio (XAF Million), 2011–2020
Figure 16: Chadian Insurance Industry – Non-Life Insurance Investment Portfolio Dynamics by Category (XAF Million), 2011–2020
Figure 17: Chadian Insurance Industry – Personal Accident and Health Insurance Investment Portfolio (XAF Million), 2011–2020
Figure 18: Chadian Insurance Industry – Personal Accident and Health Insurance Investment Portfolio Dynamics by Category (XAF Million), 2011–2020
Figure 19: Chadian Individual Life Insurance – Gross Written Premium (XAF Million), 2011–2020
Figure 20: Chadian Individual Life Insurance – Penetration (%), 2011–2015
Figure 21: Chadian Individual Life Insurance – Penetration (%), 2015–2020
Figure 22: Chadian Group Life Insurance – Gross Written Premium (XAF Million), 2011–2020
Figure 23: Chadian Group Life Insurance – Penetration (%), 2011–2015
Figure 24: Chadian Group Life Insurance – Penetration (%), 2015–2020
Figure 25: Chadian Property Insurance – Gross Written Premium (XAF Million), 2011–2020
Figure 26: Chadian Property Insurance – Penetration (%), 2011–2015
Figure 27: Chadian Property Insurance – Penetration (%), 2015–2020
Figure 28: Chadian Property Insurance – Earned Premium, Incurred Loss and Loss Ratio (XAF Million and %), 2011–2020
Figure 29: Chadian Motor Insurance – Gross Written Premium (XAF Million), 2011–2020
Figure 30: Chadian Motor Insurance – Penetration (%), 2011–2015
Figure 31: Chadian Motor Insurance – Penetration (%), 2015–2020
Figure 32: Chadian Motor Insurance – Earned Premium, Incurred Loss and Loss Ratio (XAF Million and %), 2011–2020
Figure 33: Chadian Liability Insurance – Gross Written Premium (XAF Million), 2011–2020
Figure 34: Chadian Liability Insurance – Penetration (%), 2011–2015
Figure 35: Chadian Liability Insurance – Penetration (%), 2015–2020
Figure 36: Chadian Liability Insurance – Earned Premium, Incurred Loss and Loss Ratio (XAF Million and %), 2011–2020
Figure 37: Chadian Marine, Aviation and Transit Insurance – Gross Written Premium (XAF Million), 2011–2020
Figure 38: Chadian Marine, Aviation and Transit Insurance – Penetration (%), 2011–2015
Figure 39: Chadian Marine, Aviation and Transit Insurance – Penetration (%), 2015–2020
Figure 40: Chadian Marine, Aviation and Transit Insurance – Earned Premium, Incurred Loss and Loss Ratio (XAF Million and %), 2011–2020
Figure 41: Chadian Personal Accident Insurance – Gross Written Premium (XAF Million), 2011–2020
Figure 42: Chadian Personal Accident and Health Insurance – Penetration (%), 2011–2015
Figure 43: Chadian Personal Accident and health Insurance – Penetration (%), 2015–2020
Figure 44: Chadian Personal Accident Insurance – Earned Premium, Incurred Loss and Loss Ratio (XAF Million and %), 2011–2020
Figure 45: Chadian Reinsurance – Premium Ceded by Insurance Segment (XAF Million), 2011–2020
Figure 46: Chadian Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2020
Figure 47: Chadian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2020
Figure 48: The Chadian  Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2011–2020
Figure 49: Chadian – Frequency of Hazards by Type, 1990–2014
Figure 50: Chadian Mortality by Hazards Type, 1990–2014
Figure 51: Chadian Insurance Industry – Market Shares of Leading Insurers (%), 2014
Figure 52: Chad – Insurance Supervision and Control at Various Levels
Figure 53: Chad – Insurance Regulatory Frameworks for Company Registration and Operation