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Insurance Industry in Chad, Key Trends and Opportunities to 2018 - Product Image

Insurance Industry in Chad, Key Trends and Opportunities to 2018

  • Published: May 2014
  • Region: Chad
  • 134 Pages
  • Timetric

The report provides in-depth industry analysis, information and insights of the insurance industry in Chad, including:

- The Chadian insurance industry’s growth prospects by insurance segments and categories

- The competitive landscape in the Chadian insurance industry

- The current trends and drivers of the Chadian insurance industry

- Challenges facing the Chadian insurance industry

- The regulatory framework of the Chadian insurance industry

Summary

The Chadian insurance industry is small, with just two companies serving a population of 11.2 million in 2013, and less developed than in other Sub-Saharan countries such as Cameroon and Côte d’Ivoire. However, the Chadian insurance industry grew from XAF8.73 billion (US$18.5 million) in 2009 to XAF9.58 billion (US$19.4 million) in 2013, at a review-period (2009- 2013) CAGR of 2.3%. This was partially due to the strong performance of the personal accident and health segment, and the strength of the Chadian economy.

Scope

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

- It provides historical values for the Chadian READ MORE >

1 Executive Summary

2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology

3 Chadian Insurance Industry Overview
3.1 The Chadian Insurance Industry
3.2 Key Industry Trends and Drivers
3.3 Challenges
3.4 Regulation

4 Industry Segmentation
4.1 Life Insurance
4.1.1 Individual marriage and birth insurance
4.1.2 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 Personal Accident and Health Insurance
4.4 Reinsurance

5 Governance, Risk and Compliance
5.1 Legislation Overview and Historical Evolution
5.2 Legislation and Market Practice by Type of Insurance
5.2.1 Life insurance
5.2.2 Property insurance
5.2.3 Motor insurance
5.2.4 Liability insurance
5.2.5 Marine, aviation and transit insurance
5.2.6 Personal accident and health insurance
5.3 Compulsory Insurance
5.3.1 Motor third-party liability insurance
5.3.2 Professional indemnity insurance for insurance intermediaries
5.4 Supervision and Control
5.4.1 International Association of Insurance Supervisors
5.4.2 Commission Regional des Assurances (CRCA)
5.4.3 Direction des Finances Extérieures et Organismes (DFEO)
5.5 Non-Admitted Insurance Regulations
5.5.1 Overview
5.5.2 Intermediaries
5.5.3 Market practices
5.5.4 Fines and penalties
5.6 Company Registration and Operations
5.6.1 Types of insurance organization
5.6.2 Establishing a local company
5.6.3 Foreign ownership
5.6.4 Types of license
5.6.5 Capital requirements
5.6.6 Solvency margins
5.6.7 Reserve requirements
5.6.8 Investment regulations
5.6.9 Statutory return requirements
5.6.10 Fee structure
5.7 Taxation
5.7.1 Insurance premium or policy taxation
5.7.2 Withholding taxes on premium paid overseas
5.7.3 Corporate tax
5.7.4 VAT
5.7.5 Captives
5.8 Legal System
5.8.1 Introduction
5.8.2 Access to court
5.8.3 Alternative dispute resolution (ADR)

6 Competitive Landscape
6.1 Overview
6.2 Leading Companies
6.2.1 National Star SA - Company Overview
6.2.2 Société Africaine d'Assurance et de Reassurance - company overview

7 Economic Indicators
7.1 GDP at Constant Prices (US$)
7.2 GDP at Current Prices (US$)
7.3 GDP per Capita at Current Prices (US$)
7.4 Labor Force
7.5 Total Number of Households
7.6 Total Number of Internet Subscribers
7.7 Total Population
7.8 Urban and Rural Populations

8 Appendix
8.1 Methodology
8.2 Contact
8.3 About
8.4 Services
8.5 Disclaimer

List of Tables

Table 1: Insurance Industry Definitions
Table 2: Chadian Insurance - Overall Written Premium by Segment (XAF Billion), 2009-2013
Table 3: Chadian Insurance - Overall Written Premium by Segment (US$ Million), 2009-2013
Table 4: Chadian Insurance - Overall Written Premium by Segment (XAF Billion), 2013-2018
Table 5: Chadian Insurance - Overall Written Premium by Segment (US$ Million), 2013-2018
Table 6: Chadian Insurance - Segmentation (Percentage Share), 2009-2018
Table 7: Chadian Life Insurance - Written Premium by Category (XAF Billion), 2009-2013
Table 8: Chadian Life Insurance - Written Premium by Category (US$ Million), 2009-2013
Table 9: Chadian Life Insurance - Written Premium by Category (XAF Billion), 2013-2018
Table 10: Chadian Life Insurance - Written Premium by Category (US$ Million), 2013-2018
Table 11: Chadian Life Insurance - Paid Claims (XAF Million), 2009-2013
Table 12: Chadian Life Insurance - Paid Claims (XAF Million), 2013-2018
Table 13: Chadian Life Insurance - Incurred Loss (XAF Million), 2009-2013
Table 14: Chadian Life Insurance - Incurred Loss (XAF Million), 2013-2018
Table 15: Chadian Life Insurance - Loss Ratio (%), 2009-2013
Table 16: Chadian Life Insurance - Loss Ratio (%), 2013-2018
Table 17: Chadian Life Insurance - Combined Ratio (%), 2009-2013
Table 18: Chadian Life Insurance - Combined Ratio (%), 2013-2018
Table 19: Chadian Life Insurance - Retentions (XAF Million), 2009-2013
Table 20: Chadian Life Insurance - Retentions (XAF Million), 2013-2018
Table 21: Chadian Individual Marriage and Birth Insurance - Written Premium (XAF Million), 2009-2013
Table 22: Chadian Individual Marriage and Birth Insurance - Written Premium (XAF Million), 2013-2018
Table 23: Chadian Group Life Insurance - Written Premium (XAF Million), 2009-2013
Table 24: Chadian Group Life Insurance - Written Premium (XAF Million), 2013-2018
Table 25: Chadian Non-Life Insurance - Written Premium by Category (XAF Billion), 2009-2013
Table 26: Chadian Non-Life Insurance - Written Premium by Category (US$ Million), 2009-2013
Table 27: Chadian Non-Life Insurance - Written Premium by Category (XAF Billion), 2013-2018
Table 28: Chadian Non-Life Insurance - Written Premium by Category (US$ Million), 2013-2018
Table 29: Chadian Non-Life Insurance - Paid Claims (XAF Billion), 2009-2013
Table 30: Chadian Non-Life Insurance - Paid Claims (XAF Billion), 2013-2018
Table 31: Chadian Non-Life Insurance - Incurred Loss (XAF Billion), 2009-2013
Table 32: Chadian Non-Life Insurance - Incurred Loss (XAF Billion), 2013-2018
Table 33: Chadian Non-Life Insurance - Loss Ratio (%), 2009-2013
Table 34: Chadian Non-Life Insurance - Loss Ratio (%), 2013-2018
Table 35: Chadian Non-Life Insurance - Combined Ratio (%), 2009-2013
Table 36: Chadian Non-Life Insurance - Combined Ratio (%), 2013-2018
Table 37: Chadian Non-Life Insurance - Total Investment Income (XAF Million), 2009-2013
Table 38: Chadian Non-Life Insurance - Total Investment Income (XAF Million), 2013-2018
Table 39: Chadian Non-Life Insurance - Retentions (XAF Billion), 2009-2013
Table 40: Chadian Non-Life Insurance - Retentions (XAF Billion), 2013-2018
Table 41: Chadian Property Insurance - Written Premium (XAF Billion), 2009-2013
Table 42: Chadian Property Insurance - Written Premium (XAF Billion), 2013-2018
Table 43: Chadian Motor Insurance - Written Premium (XAF Billion), 2009-2013
Table 44: Chadian Motor Insurance - Written Premium (XAF Billion), 2013-2018
Table 45: Chadian Liability Insurance - Written Premium (XAF Million), 2009-2013
Table 46: Chadian Liability Insurance - Written Premium (XAF Million), 2013-2018
Table 47: Chadian Marine, Aviation and Transit Insurance - Written Premium (XAF Million), 2009-2013
Table 48: Chadian Marine, Aviation and Transit Insurance - Written Premium (XAF Million), 2013-2018
Table 49: Chadian Personal Accident and Health Insurance - Written Premium (XAF Billion), 2009-2013
Table 50: Chadian Personal Accident and Health Insurance - Written Premium (XAF Billion), 2013
Table 51: Chadian Personal Accident and Health Insurance - Paid Claims (XAF Million), 2009-2013
Table 52: Chadian Personal Accident and Health Insurance - Paid Claims (XAF Billion), 2013-2018
Table 53: Chadian Personal Accident and Health Insurance - Incurred Loss (XAF Million), 2009-2013
Table 54: Chadian Personal Accident and Health Insurance - Incurred Loss (XAF Billion), 2013-2018
Table 55: Chadian Personal Accident and Health Insurance - Loss Ratio (%), 2009-2013
Table 56: Chadian Personal Accident and Health Insurance - Loss Ratio (%), 2013-2018
Table 57: Chadian Personal Accident and Health Insurance - Combined Ratio (%), 2009-2013
Table 58: Chadian Personal Accident and Health Insurance - Combined Ratio (%), 2013-2018
Table 59: Chadian Personal Accident and Health Insurance - Total Investment Income (XAF Million), 2009-2013
Table 60: Chadian Personal Accident and Health Insurance - Total Investment Income (XAF Million), 2013-2018
Table 61: Chadian Personal Accident and Health Insurance - Retentions (XAF Billion), 2009-2013
Table 62: Chadian Personal Accident and Health Insurance - Retentions (XAF Billion), 2013-2018
Table 63: Chadian Reinsurance Ceded by Insurance Industry (XAF Billion), 2009-2013
Table 64: Chadian Reinsurance Ceded by Insurance Industry (US$ Million), 2009-2013
Table 65: Chadian Reinsurance Ceded by Insurance Industry (XAF Billion), 2013-2018
Table 66: Chadian Reinsurance Ceded by Insurance Industry (US$ Million), 2013-2018
Table 67: Chadian Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 68: Chadian Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 69: Chadian Non-life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 70: Chadian Non-life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 71: Chadian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 72: Chadian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 73: Chad - Intermediary Remuneration Rates
Table 74: Chad - Life Insurance Regulatory Framework
Table 75: Chad - Property Insurance Regulatory Framework
Table 76: Chad - Motor Insurance Regulatory Framework
Table 77: Chad - Liability Insurance Regulatory Framework
Table 78: Chad - Insurance Premium Tax Rates
Table 79: Chad - Corporate Tax Rates for the Financial Year 2013
Table 80: Chadian Insurance - Industry Shares by Company, 2010 and 2011
Table 81: National Star SA - Main Products
Table 82: National Star SA - Key Employees
Table 83: Société Africaine d'Assurance et de Reassurance - Main Products
Table 84: Société Africaine d'Assurance et de Reassurance - Key Employees

List of Figures

Figure 1: Chadian Insurance - Overall Written Premium by Segment (XAF Billion), 2009-2018
Figure 2: Chadian Insurance - Dynamics by Segment, 2009-2018
Figure 3: Chadian Life Insurance - Written Premium by Category (XAF Billion), 2009-2018
Figure 4: Chadian Life Insurance - Written Premium by Category (Percentage Share), 2013 and 2018
Figure 5: Chadian Life Insurance - Dynamics by Category, 2009-2018
Figure 6: Chadian Life Insurance - Paid Claims (XAF Million), 2009-2013
Figure 7: Chadian Life Insurance - Paid Claims (XAF Million), 2013-2018
Figure 8: Chadian Life Insurance - Incurred Loss (XAF Million), 2009-2013
Figure 9: Chadian Life Insurance - Incurred Loss (XAF Million), 2013-2018
Figure 10: Chadian Life Insurance - Loss Ratio (%), 2009-2013
Figure 11: Chadian Life Insurance - Loss Ratio (%), 2013-2018
Figure 12: Chadian Life Insurance - Combined Ratio (%), 2009-2013
Figure 13: Chadian Life Insurance - Combined Ratio (%), 2013-2018
Figure 14: Chadian Life Insurance - Retentions (XAF Million), 2009-2013
Figure 15: Chadian Life Insurance - Retentions (XAF Million), 2013-2018
Figure 16: Chadian Life Insurance - Penetration (%), 2009-2013
Figure 17: Chadian Life Insurance - Premium per Capita (XAF), 2009-2013
Figure 18: Chadian Individual Marriage and Birth Insurance - Written Premium (XAF Million), 2009-2013
Figure 19: Chadian Individual Marriage and Birth Insurance - Written Premium (XAF Million), 2013-2018
Figure 20: Chadian Group Life Insurance - Written Premium (XAF Million), 2009-2013
Figure 21: Chadian Group Life Insurance - Written Premium (XAF Million), 2013-2018
Figure 22: Chadian Non-Life Insurance - Written Premium by Category (XAF Billion), 2009-2018
Figure 23: Chadian Non-Life Insurance - Written Premium by Category (%), 2013 and 2018
Figure 24: Chadian Non-Life Insurance - Dynamics by Category, 2009-2018
Figure 25: Chadian Non-Life Insurance - Paid Claims (XAF Billion), 2009-2013
Figure 26: Chadian Non-Life Insurance - Paid Claims (XAF Billion), 2013-2018
Figure 27: Chadian Non-Life Insurance - Incurred Loss (XAF Billion), 2009-2013
Figure 28: Chadian Non-Life Insurance - Incurred Loss (XAF Billion), 2013-2018
Figure 29: Chadian Non-Life Insurance - Loss Ratio (%), 2009-2013
Figure 30: Chadian Non-Life Insurance - Loss Ratio (%), 2013-2018
Figure 31: Chadian Non-Life Insurance - Combined Ratio (%), 2009-2013
Figure 32: Chadian Non-Life Insurance - Combined Ratio (%), 2013-2018
Figure 33: Chadian Non-Life Insurance - Total Investment Income (XAF Million), 2009-2013
Figure 34: Chadian Non-Life Insurance - Total Investment Income (XAF Million), 2013-2018
Figure 35: Chadian Non-Life Insurance - Retentions (XAF Billion), 2009-2013
Figure 36: Chadian Non-Life Insurance - Retentions (XAF Billion), 2013-2018
Figure 37: Chadian Non-Life Insurance - Penetration (%), 2009-2013
Figure 38: Chadian Non-Life Insurance - Premium per Capita (XAF), 2009-2013
Figure 39: Chadian Property Insurance - Written Premium (XAF Billion), 2009-2013
Figure 40: Chadian Property Insurance - Written Premium (XAF Billion), 2013-2018
Figure 41: Chadian Motor Insurance - Written Premium (XAF Billion), 2009-2013
Figure 42: Chadian Motor Insurance - Written Premium (XAF Billion), 2013-2018
Figure 43: Chadian Liability Insurance - Written Premium (XAF Million), 2009-2013
Figure 44: Chadian Liability Insurance - Written Premium (XAF Million), 2013-2018
Figure 45: Chadian Marine, Aviation and Transit Insurance - Written Premium (XAF Million), 2009-2013
Figure 46: Chadian Marine, Aviation and Transit Insurance - Written Premium (XAF Million), 2013-2018
Figure 47: Chadian Personal Accident and Health Insurance - Written Premium (XAF Billion), 2009-2013
Figure 48: Chadian Personal Accident and Health Insurance - Written Premium (XAF Billion), 2013-2018
Figure 49: Chadian Personal Accident and Health Insurance - Paid Claims (XAF Million), 2009-2013
Figure 50: Chadian Personal Accident and Health Insurance - Paid Claims (XAF Billion), 2013-2018
Figure 51: Chadian Personal Accident and Health Insurance - Incurred Loss (XAF Million), 2009-2013
Figure 52: Chadian Personal Accident and Health Insurance - Incurred Loss (XAF Billion), 2013-2018
Figure 53: Chadian Personal Accident and Health Insurance - Loss Ratio (%), 2009-2013
Figure 54: Chadian Personal Accident and Health Insurance - Loss Ratio (%), 2013-2018
Figure 55: Chadian Personal Accident and Health Insurance - Combined Ratio (%), 2009-2013
Figure 56: Chadian Personal Accident and Health Insurance - Combined Ratio (%), 2013-2018
Figure 57: Chadian Personal Accident and Health Insurance - Total Investment Income (XAF Million), 2009-2013
Figure 58: Chadian Personal Accident and Health Insurance - Total Investment Income (XAF Million), 2013-2018
Figure 59: Chadian Personal Accident and Health Insurance - Retentions (XAF Billion), 2009-2013
Figure 60: Chadian Personal Accident and Health Insurance - Retentions (XAF Billion), 2013-2018
Figure 61: Chadian Personal Accident and Health Insurance - Penetration (%), 2009-2013
Figure 62: Chadian Personal Accident and Health Insurance - Premium per Capita (XAF), 2009-2013
Figure 63: Chadian Reinsurance Ceded by Insurance Segment (XAF Billion), 2009-2018
Figure 64: Chadian Reinsurance - Dynamics by Insurance Segment, 2009-2018
Figure 65: Chadian Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Figure 66: Chadian Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Figure 67: Chadian Non-life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Figure 68: Chadian Non-life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Figure 69: Chadian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Figure 70: Chadian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Figure 71: Chad - Insurance Regulatory Framework
Figure 72: Chad - Insurance Supervision and Control at Various Levels
Figure 73: Chad - Insurance Regulatory Frameworks for Company Registration and Operation
Figure 74: Chadian Insurance - Industry Shares by Company, 2010 and 2011
Figure 75: Chadian GDP at Constant Prices (US$ Billion), 2009-2013
Figure 76: Chadian GDP at Current Prices (US$ Billion), 2009-2013
Figure 77: Chadian GDP per Capita at Current Prices (US$), 2009-2013
Figure 78: Chadian Labor Force, 2008-2012
Figure 79: Chadian Total Number of Households (Thousand), 2009-2013
Figure 80: Chadian Total Number of Internet Subscribers, 2008-2012
Figure 81: Chadian Total Population (Million), 2009-2013
Figure 82: Chadian Rural and Urban Populations (%), 2009-2013

- National Star SA
- Société Africaine d’Assurance et de Reassurance (SAFAR)

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