The Insurance Industry in the Central African Republic, Key Trends and Opportunities to 2021

Published: Jul, 2017 | Pages: 126 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis
Timetric's 'The Insurance Industry in the Central African Republic, Key Trends and Opportunities to 2021' report provides detailed analysis of the market trends, drivers and challenges in the Central African Republic 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 period (2012-2016) and forecast period (2016-2021).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Central African Republic economy and demographics, and provides detailed information on the competitive landscape in the country.

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.

Summary

Timetric's 'The Insurance Industry in the Central African Republic, Key Trends and Opportunities to 2021' report provides in-depth market analysis, information and insights into the Central African Republic insurance industry, including:

• The Central African Republic insurance industry's growth prospects by segment and category

• A comprehensive overview of the Central African Republic economy and demographics 

• The detailed competitive landscape in the Central African Republic insurance industry

• The various distribution channels in the Central African Republic insurance industry

• Detailed regulatory policies of the Central African Republic insurance industry

• Analysis of natural hazards in the Central African Republic insurance industry

Scope

This report provides a comprehensive analysis of the insurance industry in the Central African Republic:

• It provides historical values for the Central African Republic insurance industry for the report's 2012-2016 review period, and projected figures for the 2016-2021 forecast period.

• It offers a detailed analysis of the key segments in the Central African Republic insurance industry, along with market forecasts until 2021.

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

• It analyzes the various distribution channels in the Central African Republic.

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

Reasons To Buy

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

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

• Assess the competitive dynamics in the Central African Republic insurance industry.

• Identify the growth opportunities and market dynamics in key segments.

• Gain insights into key regulations governing the Central African Republic insurance industry and their impact on companies and the industry's future.
Key Highlights

• On April 8, 2016, new solvency guidelines for the calculation of margins for life and supplementary health insurance were introduced.

• In May 2015, the World Bank approved XAF7.1 billion (US$12.0 million) for expanding the health care system of the Central African Republic.

• As of June 2016, the United States Agency for International Development (USAID) provided XAF35.2 billion (US$56.0 million) to support families displaced due to political unrest.

 Table of Contents
1 KEY FACTS AND HIGHLIGHTS
2 EXECUTIVE SUMMARY
3 ECONOMY AND DEMOGRAPHICS
4 INDUSTRY OUTLOOK
4.1 Industry Indicators
4.1.1 Gross written premium
4.1.2 Claims
4.1.3 Investments
5 LIFE INSURANCE
5.1 Group Life Insurance
5.1.1 Gross written premium
5.1.2 Penetration
6 NON-LIFE INSURANCE
6.1 Property Insurance
6.1.1 Direct written premium
6.1.2 Penetration
6.1.3 Profitability
6.2 Motor Insurance
6.2.1 Direct written premium
6.2.2 Penetration
6.2.3 Profitability
6.3 Liability Insurance
6.3.1 Direct written premium
6.3.2 Penetration
6.3.3 Profitability
6.4 Marine, Aviation and Transit Insurance
6.4.1 Direct written premium
6.4.2 Penetration
6.4.3 Profitability
7 PERSONAL ACCIDENT AND HEALTH INSURANCE
7.1 Personal Accident and Health Insurance
8 REINSURANCE
8.1 Premium Ceded
9 NATURAL AND MAN-MADE HAZARDS
9.1 Flooding
9.2 Storms
9.3 Man-made Disaster
9.4 Exposure
10 COMPETITIVE LANDSCAPE
10.1 Company Profiles
10.1.1 Sunu Assurancs - company overview
10.1.2 Allianz Centrafrique Assurances - 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
11.4.3 Worker's compensation
11.5 Supervision and Control
11.5.1 International Association of Insurance Supervisors
11.5.2 Commission Regional des Assurances
11.5.3 Direction des Services Centraux
11.6 Non-Admitted Insurance Regulations
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
12 DATABOOK
12.1 Life Insurance
12.1.1 Policies and premium
12.1.2 Claims and expenses
12.1.3 Assets and investments
12.1.4 Group life insurance
12.2 Non-Life Insurance
12.2.1 Policies and premium
12.2.2 Claims and expenses
12.2.3 Assets and investments
12.2.4 Property insurance
12.2.5 Property insurance by category
12.2.6 Motor insurance
12.2.7 Motor insurance by category
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: The Central African Republic Insurance Industry - Key Facts, 2016
Table 2: The Central African Republic Insurance Industry - Segment Shares of the Top Insurers, 2015
Table 3: The Central African Republic Insurance Industry - Gross Written Premium by Segment (XAF Million), 2012-2016
Table 4: The Central African Republic Insurance Industry - Gross Written Premium by Segment (XAF Million), 2016-2021
Table 5: The Central African Republic Insurance Industry - Density (Direct Written Premium Per Capita) by Segment (XAF), 2012-2016
Table 6: The Central African Republic Insurance Industry - Density (Direct Written Premium Per Capita) by Segment (XAF), 2016-2021
Table 7: The Central African Republic Insurance Industry - Paid Claims by Segment(XAF Million), 2012-2016
Table 8: The Central African Republic Insurance Industry - Paid Claims by Segment(XAF Million), 2016-2021
Table 9: The Central African Republic Insurance Industry - Total Investment Income by Segment (XAF Million), 2012-2016
Table 10: The Central African Republic Insurance Industry - Total Investment Income by Segment (XAF Million), 2016-2021
Table 11: The Central African Republic Insurance Industry - Non-Life Insurance Investment Portfolio (XAF Million), 2012-2016
Table 12: The Central African Republic Insurance Industry - Non-Life Insurance Investment Portfolio (XAF Million), 2016-2021
Table 13: The Central African Republic Insurance Industry - Personal Accident and Health Insurance Investment Portfolio (XAF Million), 2012-2016
Table 14: The Central African Republic Insurance Industry - Personal Accident and Health Insurance Investment Portfolio (XAF Million), 2016-2021
Table 15: The Central African Republic Group Life Insurance - Gross Written Premium (XAF Million and US$ Thousand), 2012-2016
Table 16: The Central African Republic Group Life Insurance - Gross Written Premium (XAF Million and US$ Thousand), 2016-2021
Table 17: The Central African Republic Property Insurance - Direct Written Premium (XAF Million and US$ Million), 2012-2016
Table 18: The Central African Republic Property Insurance - Direct Written Premium (XAF Million and US$ Million), 2016-2021
Table 19: The Central African Republic Property Insurance - Loss Ratio (%), 2012-2016
Table 20: The Central African Republic Property Insurance - Loss Ratio (%), 2016-2021
Table 21: The Central African Republic Motor Insurance - Direct Written Premium (XAF Billion and US$ Million), 2012-2016
Table 22: The Central African Republic Motor Insurance - Direct Written Premium (XAF Billion and US$ Million), 2016-2021
Table 23: The Central African Republic Motor Insurance - Loss Ratio (%), 2012-2016
Table 24: The Central African Republic Motor Insurance - Loss Ratio (%), 2016-2021
Table 25: The Central African Republic Liability Insurance - Direct Written Premium (XAF Million and US$ Thousand), 2012-2016
Table 26: The Central African Republic Liability Insurance - Direct Written Premium (XAF Million and US$ Thousand), 2016-2021
Table 27: The Central African Republic Liability Insurance - Loss Ratio (%), 2012-2016
Table 28: The Central African Republic Liability Insurance - Loss Ratio (%), 2016-2021
Table 29: The Central African Republic Marine, Aviation and Transit Insurance - Direct Written Premium (XAF Million and US$ Thousand), 2012-2016
Table 30: The Central African Republic Marine, Aviation and Transit Insurance - Direct Written Premium (XAF Million and US$ Thousand), 2016-2021
Table 31: The Central African Republic Marine, Aviation and Transit Insurance - Loss Ratio (%), 2012-2016
Table 32: The Central African Republic Marine, Aviation and Transit Insurance - Loss Ratio (%), 2016-2021
Table 33: The Central African Republic Personal Accident and Health Insurance - Gross Written Premium (XAF Million and US$ Million), 2012-2016
Table 34: The Central African Republic Personal Accident and Health Insurance - Gross Written Premium (XAF Million and US$ Million), 2016-2021
Table 35: The Central African Republic Reinsurance - Premium Ceded by Insurance Segment (XAF Million), 2012-2016
Table 36: The Central African Republic Reinsurance - Premium Ceded by Insurance Segment (XAF Million), 2016-2021
Table 37: The Central African Republic Insurance Industry - Market Shares of Leading Insurers (%), 2015
Table 38: Sunu Assurancs - Key Facts
Table 39: Allianz Centrafrique Assurances - Key Facts
Table 2: The Central African Republic - Insurance Regulatory Framework Key Features
Table 3: The Central African Republic - Intermediary Remuneration Rates
Table 4: The Central African Republic - Life Insurance Regulatory Framework
Table 5: The Central African Republic - Property Insurance Regulatory Framework
Table 6: The Central African Republic - Motor Insurance Regulatory Framework
Table 7: The Central African Republic - Liability Insurance Regulatory Framework
Table 8: The Central African Republic - Insurance Premium Tax Rates
Table 9: The Central African Republic - Corporate Tax Rates for the Financial Year 2017
Table 40: The Central African Republic Life Insurance - Policies and Premium, 2012-2016
Table 41: The Central African Republic Life Insurance - Policies and Premium, 2016-2021
Table 42: The Central African Republic Life Insurance - Claims and Expenses, 2012-2016
Table 43: The Central African Republic Life Insurance - Claims and Expenses, 2016-2021
Table 44: The Central African Republic Life Insurance - Assets and Investments, 2012-2016
Table 45: The Central African Republic Life Insurance - Assets and Investments, 2016-2021
Table 46: The Central African Republic Life Insurance - Group Life Insurance, 2012-2016
Table 47: The Central African Republic Life Insurance - Group Life Insurance, 2016-2021
Table 48: The Central African Republic Non-Life Insurance - Policies and Premium, 2012-2016
Table 49: The Central African Republic Non-Life Insurance - Policies and Premium, 2016-2021
Table 50: The Central African Republic Non-Life Insurance - Claims and Expenses, 2012-2016
Table 51: The Central African Republic Non-Life Insurance - Claims and Expenses, 2016-2021
Table 52: The Central African Republic Non-Life Insurance - Assets and Investments, 2012-2016
Table 53: The Central African Republic Non-Life Insurance - Assets and Investments, 2016-2021
Table 54: The Central African Republic Non-Life Insurance - Property Insurance, 2012-2016
Table 55: The Central African Republic Non-Life Insurance - Property Insurance, 2016-2021
Table 56: The Central African Republic Non-Life Insurance - Property Insurance by Category, 2012-2016
Table 57: The Central African Republic Non-Life Insurance - Property Insurance by Category, 2016-2021
Table 58: The Central African Republic Non-Life Insurance - Motor Insurance, 2012-2016
Table 59: The Central African Republic Non-Life Insurance - Motor Insurance, 2016-2021
Table 60: The Central African Republic Non-Life Insurance - Motor Insurance by Category, 2012-2016
Table 61: The Central African Republic Non-Life Insurance - Motor Insurance by Category, 2016-2021
Table 62: The Central African Republic Non-Life Insurance - Liability Insurance, 2012-2016
Table 63: The Central African Republic Non-Life Insurance - Liability Insurance, 2016-2021
Table 64: The Central African Republic Non-Life Insurance - Marine, Aviation and Transit Insurance, 2012-2016
Table 65: The Central African Republic Non-Life Insurance - Marine, Aviation and Transit Insurance, 2016-2021
Table 66: The Central African Republic Personal Accident and Health Insurance - Policies and Premium, 2012-2016
Table 67: The Central African Republic Personal Accident and Health Insurance - Policies and Premium, 2016-2021
Table 68: The Central African Republic Personal Accident and Health Insurance - Claims and Expenses, 2012-2016
Table 69: The Central African Republic Personal Accident and Health Insurance - Claims and Expenses, 2016-2021
Table 70: The Central African Republic Personal Accident and Health Insurance - Assets and Investments, 2012-2016
Table 71: The Central African Republic Personal Accident and Health Insurance - Assets and Investments, 2016-2021
Table 72: Insurance Industry Definitions