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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
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