The Insurance Industry in the Republic of the Congo, Key Trends and Opportunities to 2021

Published: Jun, 2017 | Pages: 133 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis

Timetric's 'The Insurance Industry in the Republic of the Congo, Key Trends and Opportunities to 2021' report provides detailed analysis of the market trends, drivers and challenges in the Congolese 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 Congolese 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 Republic of the Congo, Key Trends and Opportunities to 2021' report provides in-depth market analysis, information and insights into the Congolese insurance industry, including:

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

• A comprehensive overview of the Congolese economy and demographics 

• The detailed competitive landscape in the Congolese insurance industry

• The various distribution channels in the Congolese insurance industry

• Detailed regulatory policies of the Congolese insurance industry

• Analysis of natural hazards in the Congolese insurance industry

Scope

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

• It provides historical values for the Congolese 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 Congolese 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 Republic of the Congo.

• It profiles the top insurance companies in the Republic of the Congo 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 Congolese insurance industry and each segment and category within it.

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

• Assess the competitive dynamics in the Congolese insurance industry.

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

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

Key Highlights

• In Feb 2017, Royal and Sun (RSA) collaborated with African insurance network Globus to offer services to customers with operations in five African countries, including the Republic of the Congo.

• In February 2016, China Road and Bridge Corporation (CRBC) signed a contract to build a new port in Pointe Noire.

• In May 2016, the CRCA issued a draft regulation on the e-distribution of insurance products in CIMA Member States.

 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 OUTLOOK
5.1 Individual Life Insurance
5.1.1 Direct written premium
5.1.2 Penetration
5.2 Group Life Insurance
5.2.1 Direct written premium
5.2.2 Penetration
6 NON-LIFE INSURANCE OUTLOOK
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 OUTLOOK
7.1 Personal Accident and Health Insurance
7.1.1 Gross written premium
7.1.2 Penetration
7.1.3 Claims
7.1.4 Profitability
8 REINSURANCE OUTLOOK
8.1 Premium Ceded
9 DISTRIBUTION CHANNEL OUTLOOK
10 NATURAL AND MAN-MADE HAZARDS
10.1 Flooding
10.2 Epidemic
10.3 Exposure
11 COMPETITIVE LANDSCAPE
11.1 Company Profiles
11.1.1 Assurances et Reassurances du Congo - company overview
11.1.2 Assurances Generales du Congo - company overview
11.1.3 Nouvelle Societe Interafricaine d'Assurances - company overview
11.1.4 Allianz Congo Assurances - company overview
11.1.5 Assurances Generales du Congo-Vie (AGC-Vie) - company overview
11.1.6 NSIA Vie - company overview
12 GOVERNANCE, RISK AND COMPLIANCE
12.1 Legislation Overview and Historical Evolution
12.2 Latest Changes in Regulation
12.3 Legislation and Market Practice by Type of Insurance
12.3.1 Life Insurance
12.3.2 Property Insurance
12.3.3 Motor Insurance
12.3.4 Liability insurance
12.3.5 Marine, aviation and transit insurance
12.3.6 Personal accident and health insurance
12.4 Compulsory Insurance
12.4.1 Motor third-party liability insurance
12.4.2 Professional indemnity insurance for insurance intermediaries
12.5 Supervision and Control
12.5.1 International Association of Insurance Supervisors
12.5.2 Commission Regional des Assurances
12.5.3 Direction Nationales des Assurances
12.6 Non-Admitted Insurance Regulations
12.6.1 Overview
12.6.2 Intermediaries
12.6.3 Market practices
12.6.4 Fines and Penalties
12.7 Company Registration and Operations
12.7.1 Type of insurance organization
12.7.2 Establishing a local company
12.7.3 Foreign ownership
12.7.4 Types of license
12.7.5 Capital requirements
12.7.6 Solvency margin
12.7.7 Reserve requirements
12.7.8 Investment regulations
12.7.9 Statutory return requirements
12.7.10 Fee structure
12.8 Taxation
12.8.1 Insurance premium or policy taxation
12.8.2 Withholding taxes on premium paid overseas
12.8.3 Corporate tax
12.8.4 VAT
12.8.5 Captives
12.9 Legal System
12.9.1 Introduction
12.9.2 Access to court
12.9.3 Alternative dispute resolution (ADR)
13 DATABOOK
13.1 Life Insurance
13.1.1 Policies and premium
13.1.2 Claims and expenses
13.1.3 Assets and investments
13.1.4 Individual life insurance
13.1.5 Individual life insurance by category
13.1.6 Group life insurance
13.1.7 Group life insurance by category
13.2 Non-Life Insurance
13.2.1 Policies and premium
13.2.2 Claims and expenses
13.2.3 Assets and investments
13.2.4 Property insurance
13.2.5 Property insurance by category
13.2.6 Motor insurance
13.2.7 Motor insurance by category
13.2.8 Liability insurance
13.2.9 Marine, aviation and transit insurance
13.3 Personal Accident and Health Insurance
13.3.1 Policies and premium
13.3.2 Claims and expenses
13.3.3 Assets and investments
14 DEFINITIONS AND METHODOLOGY
14.1 Definitions
14.2 Methodology
15 ABOUT TIMETRIC
15.1 Contact Timetric
15.2 About Timetric
15.3 Timetric's Services
15.4 Disclaimer

List of Tables

Table 1: Congolese Insurance Industry - Key Facts, 2016
Table 2: Congolese Insurance Industry - Segment Shares (%) of the Top Insurers, 2015
Table 3: Congolese Government Credit Ratings
Table 4: Congolese Insurance Industry - Gross Written Premium by Segment (XAF Billion), 2012-2016
Table 5: Congolese Insurance Industry - Gross Written Premium by Segment (XAF Billion), 2016-2021
Table 6: Congolese Insurance Industry - Density (Direct Written Premium Per Capita) by Segment (XAF), 2012-2016
Table 7: Congolese Insurance Industry - Density (Direct Written Premium Per Capita) by Segment (XAF), 2016-2021
Table 8: Congolese Insurance Industry - Paid Claims by Segment (XAF Billion), 2012-2016
Table 9: Congolese Insurance Industry - Paid Claims by Segment (XAF Billion), 2016-2021
Table 10: Congolese Insurance Industry - Total Investment Income by Segment (XAF Billion), 2012-2016
Table 11: Congolese Insurance Industry - Total Investment Income by Segment (XAF Billion), 2016-2021
Table 12: Congolese Insurance Industry - Life Insurance Investment Portfolio (XAF Billion), 2012-2016
Table 13: Congolese Insurance Industry - Life Insurance Investment Portfolio (XAF Billion), 2016-2021
Table 14: Congolese Insurance Industry - Non-Life Insurance Investment Portfolio (XAF Billion), 2012-2016
Table 15: Congolese Insurance Industry - Non-Life Insurance Investment Portfolio (XAF Billion), 2016-2021
Table 16: Congolese Insurance Industry - Personal Accident and Health Insurance Investment Portfolio (XAF Million), 2012-2016
Table 17: Congolese Insurance Industry - Personal Accident and Health Insurance Investment Portfolio (XAF Million), 2016-2021
Table 18: Congolese Individual Life Insurance - Direct Written Premium (XAF Billion and US$ Million), 2012-2016
Table 19: Congolese Individual Life Insurance - Direct Written Premium (XAF Billion and US$ Million), 2016-2021
Table 20: Congolese Group Life Insurance - Direct Written Premium (XAF Billion and US$ Million), 2012-2016
Table 21: Congolese Group Life Insurance - Direct Written Premium (XAF Billion and US$ Million), 2016-2021
Table 22: Congolese Property Insurance - Direct Written Premium (XAF Billion and US$ Billion), 2012-2016
Table 23: Congolese Property Insurance - Direct Written Premium (XAF Billion and US$ Billion), 2016-2021
Table 24: Congolese Property Insurance - Loss Ratio (%), 2012-2016
Table 25: Congolese Property Insurance - Loss Ratio (%), 2016-2021
Table 26: Congolese Motor Insurance - Direct Written Premium (XAF Billion and US$ Million), 2012-2016
Table 27: Congolese Motor Insurance - Direct Written Premium (XAF Billion and US$ Million), 2016-2021
Table 28: Congolese Motor Insurance - Loss Ratio (%), 2012-2016
Table 29: Congolese Motor Insurance - Loss Ratio (%), 2016-2021
Table 30: Congolese Liability Insurance - Direct Written Premium (XAF Billion and US$ Million), 2012-2016
Table 31: Congolese Liability Insurance - Direct Written Premium (XAF Billion and US$ Million), 2016-2021
Table 32: Congolese Liability Insurance - Loss Ratio (%), 2012-2016
Table 33: Congolese Liability Insurance - Loss Ratio (%), 2016-2021
Table 34: Congolese Marine, Aviation and Transit Insurance - Direct Written Premium (XAF Billion and US$ Million), 2012-2016
Table 35: Congolese Marine, Aviation and Transit Insurance - Direct Written Premium (XAF Billion and US$ Million), 2016-2021
Table 36: Congolese Marine, Aviation and Transit Insurance - Loss Ratio (%), 2012-2016
Table 37: Congolese Marine, Aviation and Transit Insurance - Loss Ratio (%), 2016-2021
Table 38: Congolese Personal Accident Insurance - Gross Written Premium (XAF Billion and US$ Million), 2012-2016
Table 39: Congolese Personal Accident Insurance - Gross Written Premium (XAF Billion and US$ Million), 2016-2021
Table 40: Congolese Personal Accident and Health Insurance - Paid Claims (XAF Billion and US$ Million), 2012-2016
Table 41: Congolese Personal Accident and Health Insurance - Paid Claims (XAF Billion and US$ Million), 2016-2021
Table 42: Congolese Personal Accident and Health Insurance - Loss Ratio (%), 2012-2016
Table 43: Congolese Personal Accident and Health Insurance - Loss Ratio (%), 2016-2021
Table 44: Congolese Reinsurance - Premium Ceded by Insurance Segment (XAF Billion), 2012-2016
Table 45: Congolese Reinsurance - Premium Ceded by Insurance Segment (XAF Billion), 2016-2021
Table 46: Congolese Insurance Industry - Market Shares of Leading Insurers (%), 2015
Table 47: Assurances et Reassurances du Congo - Key Facts
Table 48: Assurances Generales du Congo - Key Facts
Table 49: Nouvelle Societe Interafricaine d'Assurances - Key Facts
Table 50: Allianz Congo Assurances - Key Facts
Table 51: Assurances Generales du Congo-Vie (AGC-Vie) - Key Facts
Table 52: NSIA Vie Congo - Key Facts
Table 53: Congo - Insurance Regulatory Framework Key Features
Table 54: Congo - Intermediary Remuneration Rates
Table 55: Congo - Life Insurance Regulatory Framework
Table 56: Congo - Property Insurance Regulatory Framework
Table 57: Congo - Motor Insurance Regulatory Framework
Table 58: Congo - Liability Insurance Regulatory Framework
Table 59: Congo - Insurance Premium Tax Rates
Table 60: Congo - Corporate Tax Rates for the Financial Year 2017
Table 61: Congolese Life Insurance - Policies and Premium, 2012-2016
Table 62: Congolese Life Insurance - Policies and Premium, 2016-2021
Table 63: Congolese Life Insurance - Claims and Expenses, 2012-2016
Table 64: Congolese Life Insurance - Claims and Expenses, 2016-2021
Table 65: Congolese Life Insurance - Assets and Investments, 2012-2016
Table 66: Congolese Life Insurance - Assets and Investments, 2016-2021
Table 67: Congolese Life Insurance - Individual Life Insurance, 2012-2016
Table 68: Congolese Life Insurance - Individual Life Insurance, 2016-2021
Table 69: Congolese Life Insurance - Individual Life Insurance by Category, 2012-2016
Table 70: Congolese Life Insurance - Individual Life Insurance by Category, 2016-2021
Table 71: Congolese Life Insurance - Group Life Insurance, 2012-2016
Table 72: Congolese Life Insurance - Group Life Insurance, 2016-2021
Table 73: Congolese Life Insurance - Group Life Insurance by Category, 2012-2016
Table 74: Congolese Life Insurance - Group Life Insurance by Category, 2016-2021
Table 75: Congolese Non-Life Insurance - Policies and Premium, 2012-2016
Table 76: Congolese Non-Life Insurance - Policies and Premium, 2016-2021
Table 77: Congolese Non-Life Insurance - Claims and Expenses, 2012-2016
Table 78: Congolese Non-Life Insurance - Claims and Expenses, 2016-2021
Table 79: Congolese Non-Life Insurance - Assets and Investments, 2012-2016
Table 80: Congolese Non-Life Insurance - Assets and Investments, 2016-2021
Table 81: Congolese Non-Life Insurance - Property Insurance, 2012-2016
Table 82: Congolese Non-Life Insurance - Property Insurance, 2016-2021
Table 83: Congolese Non-Life Insurance - Property Insurance by Category, 2012-2016
Table 84: Congolese Non-Life Insurance - Property Insurance by Category, 2016-2021
Table 85: Congolese Non-Life Insurance - Motor Insurance, 2012-2016
Table 86: Congolese Non-Life Insurance - Motor Insurance, 2016-2021
Table 87: Congolese Non-Life Insurance - Motor Insurance by Category, 2012-2016
Table 88: Congolese Non-Life Insurance - Motor Insurance by Category, 2016-2021
Table 89: Congolese Non-Life Insurance - Liability Insurance, 2012-2016
Table 90: Congolese Non-Life Insurance - Liability Insurance, 2016-2021
Table 91: Congolese Non-Life Insurance - Marine, Aviation and Transit Insurance, 2012-2016
Table 92: Congolese Non-Life Insurance - Marine, Aviation and Transit Insurance, 2016-2021
Table 93: Congolese Personal Accident and Health Insurance - Policies and Premium, 2012-2016
Table 94: Congolese Personal Accident and Health Insurance - Policies and Premium, 2016-2021
Table 95: Congolese Personal Accident and Health Insurance - Claims and Expenses, 2012-2016
Table 96: Congolese Personal Accident and Health Insurance - Claims and Expenses, 2016-2021
Table 97: Congolese Personal Accident and Health Insurance - Assets and Investments, 2012-2016
Table 98: Congolese Personal Accident and Health Insurance - Assets and Investments, 2016-2021
Table 99: Insurance Industry Definitions