The Insurance Industry in Togo, Key Trends and Opportunities to 2017

Published: Apr, 2014 | Pages: 118 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


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

Summary
The Togolese insurance industry is small and relatively underdeveloped when compared to other countries with more mature economies. The overall gross written premiums registered a review-period CAGR of 16.6%. According to the Federation of Insurance Companies Law National African (FANAF) 2012 report, the Togolese insurance industry was ranked eighth in terms of insurance sales turnover with a market share of 3.9% among the 16 countries in the federation. 
There were 14 insurance companies operating in the Togolese insurance industry at the end of 2011. Of these, seven were non-life insurers, five were life insurers and two were reinsurers. The industry is regulated and supervised by the Inter?African Conference of Insurance Markets (CIMA). 
Scope
This report provides a comprehensive analysis of the insurance industry in Togo:
It provides historical values for the Togolese insurance industry for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period.
It offers a detailed analysis of the key segments and categories in the Togolese insurance industry, along with forecasts until 2017.
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 Togo, 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 Togolese insurance industry and each segment within it.
Understand the demand-side dynamics, key trends and growth opportunities within the Togolese insurance industry.
Assess the competitive dynamics in the Togolese insurance industry.
Identify the growth opportunities and market dynamics within key segments.
Gain insights into key regulations governing the Togolese insurance industry and its impact on companies and the industry's future. 
Key Highlights
 The Togolese insurance industry is small and relatively underdeveloped when compared to other countries with more mature economies
The non-life segment accounted for the largest share of 45.2% of the total insurance written premium value in 2013
Review-period demand for health insurance products was driven by the establishment of the National Health Insurance Scheme for Togolese civil servants by the ILO in February 2011
Togo's population is an important driver for industry growth; a trend that is expected to continue over the forecast period
The Togolese insurance industry is small and concentrated with the three-leading competitors in both the life and non-life segment commanding key shares

 1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Togolese Insurance Industry Overview
3.1 Togolese Insurance Industry
3.2 Key Industry Trends and Drivers
3.3 Challenges
4 Industry Segmentation
4.1 Life Insurance
4.1.1 Individual life insurance
4.1.2 Individual marriage and birth insurance
4.1.3 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 Competitive Landscape
5.1 Overview
5.2 Leading Companies
5.2.1 Union Insurance Life of Togo - company overview
5.2.2 NSIA Life Togo - company overview
5.2.3 Togo Group Life Insurance - company overview
5.2.4 Coli SA - company overview
5.2.5 Nouvelle Societe Interafricaine d'Assurance - company overview
5.2.6 Allianz Togo Assurances- company overview
6 Economic Indicators
6.1 GDP at Constant Prices (US$)
6.2 GDP per Capita at Constant Prices (US$)
6.3 GDP at Current Prices (US$)
6.4 GDP per Capita at Current Prices (US$)
6.5 Inflation Rate
6.6 Exports as a Percentage of GDP
6.7 Imports as a Percentage of GDP
6.8 Labor Force
6.9 Total Population
6.1 Total Internet Subscribers
6.11 Annual Average Exchange Rate XOF-US$
7 Appendix
7.1 Methodology
7.2 Contact Timetric
7.3 About Timetric
7.4 Timetric's Services
7.5 Disclaimer


List of Tables
Table 1: Insurance Industry Definitions
Table 2: Togolese Insurance - Overall Written Premium by Segment (XOF Billion), 2009-2013
Table 3: Togolese Insurance - Overall Written Premium by Segment (US$ Million), 2009-2013
Table 4: Togolese Insurance - Overall Written Premium by Segment (XOF Billion), 2013-2018
Table 5: Togolese Insurance - Overall Written Premium by Segment (US$ Million), 2013-2018
Table 6: Togolese Insurance - Segmentation (Percentage Share), 2009-2018
Table 7: Togolese Life Insurance - Written Premium by Category (XOF Billion), 2009-2013
Table 8: Togolese Life Insurance - Written Premium by Category (US$ Million), 2009-2013
Table 9: Togolese Life Insurance - Paid Claims (XOF Billion), 2009-2013
Table 10: Togolese Life Insurance - Paid Claims (XOF Billion), 2013-2018
Table 11: Togolese Life Insurance - Incurred Loss (XOF Billion), 2009-2013
Table 12: Togolese Life Insurance - Incurred Loss (XOF Billion), 2013-2018
Table 13: Togolese Life Insurance - Loss Ratio (%), 2009-2013
Table 14: Togolese Life Insurance - Loss Ratio (%), 2013-2018
Table 15: Togolese Life Insurance - Combined Ratio (%), 2009-2013
Table 16: Togolese Life Insurance - Combined Ratio (%), 2013-2018
Table 17: Togolese Life Insurance - Total Investment Income (XOF Billion), 2009-2013
Table 18: Togolese Life Insurance - Total Investment Income (XOF Billion), 2013-2018
Table 19: Togolese Life Insurance - Retentions (XOF Billion), 2009-2013
Table 20: Togolese Life Insurance - Retentions (XOF Billion), 2013-2018
Table 21: Togolese Individual Life Insurance - Written Premium (XOF Billion), 2009-2013
Table 22: Togolese Individual Life Insurance - Written Premium (XOF Billion), 2013-2018
Table 23: Togolese Individual Marriage and Birth Insurance - Written Premium (XOF Billion), 2009-2013
Table 24: Togolese Individual Marriage and Birth Insurance - Written Premium (XOF Billion), 2013-2018
Table 25: Togolese Group Life Insurance - Written Premium (XOF Billion), 2009-2013
Table 26: Togolese Group Life Insurance - Written Premium (XOF Billion), 2013-2018
Table 27: Togolese Non-Life Insurance - Written Premium by Category (XOF Billion), 2009-2013
Table 28: Togolese Non-Life Insurance - Written Premium by Category (US$ Million), 2009-2013
Table 29: Togolese Non-Life Insurance - Written Premium by Category (XOF Billion), 2013-2018
Table 30: Togolese Non-Life Insurance - Written Premium by Category (US$ Million), 2013-2018
Table 31: Togolese Non-Life Insurance - Paid Claims (XOF Billion), 2009-2013
Table 32: Togolese Non-Life Insurance - Paid Claims (XOF Billion), 2013-2018
Table 33: Togolese Non-Life Insurance - Incurred Loss (XOF Billion), 2009-2013
Table 34: Togolese Non-Life Insurance - Incurred Loss (XOF Billion), 2013-2018
Table 35: Togolese Non-Life Insurance - Loss Ratio (%), 2009-2013
Table 36: Togolese Non-Life Insurance - Loss Ratio (%), 2013-2018
Table 37: Togolese Non-Life Insurance - Combined Ratio (%), 2009-2013
Table 38: Togolese Non-Life Insurance - Combined Ratio (%), 2013-2018
Table 39: Togolese Non-Life Insurance - Total Investment Income (XOF Billion), 2009-2013
Table 40: Togolese Non-Life Insurance - Total Investment Income (XOF Billion), 2013-2018
Table 41: Togolese Non-Life Insurance - Retentions (XOF Billion), 2009-2013
Table 42: Togolese Non-Life Insurance - Retentions (XOF Billion), 2013-2018
Table 43: Togolese Property Insurance - Written Premium (XOF Billion), 2009-2013
Table 44: Togolese Property Insurance - Written Premium (XOF Billion), 2013-2018
Table 45: Togolese Motor Insurance - Written Premium (XOF Billion), 2009-2013
Table 46: Togolese Motor Insurance - Written Premium (XOF Billion), 2013-2018
Table 47: Togolese Liability Insurance - Written Premium (XOF Billion), 2009-2013
Table 48: Togolese Liability Insurance - Written Premium (XOF Billion), 2013-2018
Table 49: Togolese Marine, Aviation and Transit Insurance - Written Premium (XOF Billion), 2009-2013
Table 50: Togolese Marine, Aviation and Transit Insurance - Written Premium (XOF Billion), 2013-2018
Table 51: Togolese Persol Accident and Health Insurance - Paid Claims (XOF Billion), 2009-2013
Table 52: Togolese Persol Accident and Health Insurance - Paid Claims (XOF Billion), 2013-2018
Table 53: Togolese Persol Accident and Health Insurance - Incurred Loss (XOF Billion), 2009-2013
Table 54: Togolese Persol Accident and Health Insurance - Incurred Loss (XOF Billion), 2013-2018
Table 55: Togolese Persol Accident and Health Insurance - Loss Ratio (%), 2009-2013
Table 56: Togolese Persol Accident and Health Insurance - Loss Ratio (%), 2013-2018
Table 57: Togolese Persol Accident and Health Insurance - Combined Ratio (%), 2009-2013
Table 58: Togolese Persol Accident and Health Insurance - Combined Ratio (%), 2013-2018
Table 59: Togolese Persol Accident and Health Insurance - Total Investment Income (XOF Billion), 2009-2013
Table 60: Togolese Persol Accident and Health Insurance - Total Investment Income (XOF Billion), 2013-2018
Table 61: Togolese Persol Accident and Health Insurance - Retentions (XOF Billion), 2009-2013
Table 62: Togolese Persol Accident and Health Insurance - Retentions (XOF Billion), 2013-2018
Table 63: Togolese Reinsurance Ceded by Insurance Segment (XOF Billion), 2009-2013
Table 64: Togolese Reinsurance Ceded by Insurance Segment (US$ Million), 2009-2013
Table 65: Togolese Reinsurance Ceded by Insurance Segment (XOF Billion), 2013-2018
Table 66: Togolese Reinsurance Ceded by Insurance Segment (US$ Million), 2013-2018
Table 67: Togolese Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 68: Togolese Life Insurance - Percentage of Reinsurance Ceded (%),2013-2018
Table 69: Togolese Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 70: Togolese Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 71: Togolese Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 72: Togolese Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 73: Togolese Life Insurance - Market Shares (%), 2010 and 2011
Table 74: Togolese Non-Life Insurance - Market Shares (%), 2010 and 2011
Table 75: Union Insurance Life of Togo, Main Products
Table 76: Union Insurance Life of Togo, Key Employees
Table 76: NSIA Life Togo, Main Products
Table 77: NSIA Life Togo, Key Employees
Table 78: Togo Group life Insurance, Main Products
Table 79: Togo Group Life Insurance, Key Employees
Table 80: Coli SA, Main Products
Table 81: Coli SA, Key Employees
Table 82: Nouvelle Societe Interafricaine D'assurance, Main Products
Table 83: Nouvelle Societe Interafricaine d'Assurance, Key Employees
Table 84: Allianz Togo Assurances, Main Products
Table 85: Allianz Togo Assurances, Key Employees