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The Insurance Industry in Chad, Key Trends and Opportunities to 2022

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    Report

  • 127 Pages
  • June 2018
  • Region: Chad
  • GlobalData
  • ID: 4592073
Description Jump to:
The Insurance Industry in Chad, Key Trends and Opportunities to 2022

Summary

This report provides detailed analysis of the market trends, drivers and challenges in the Chadian insurance industry.

It provides key performance indicators such as written premium and claims during the review period (2013-2017) and forecast period (2017-2022).

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

The report brings together 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.

'The Insurance Industry in Chad, Key Trends and Opportunities to 2022' report provides in-depth market analysis, information and insights into the Chadian insurance industry, including -
  • The Chadian insurance industry's growth prospects by segment and category

  • A comprehensive overview of the Chadian economy and demographics

  • Details of the competitive landscape in the Chadian insurance industry

  • The various distribution channels in the Chadian insurance industry

  • Details of regulatory policy applicable to the Chadian insurance industry

  • Analysis of natural hazards in the Chadian insurance industry.


Key Highlights
  • The insurance industry in Chad is concentrated, with the presence of two domestic insurers: Star Group Assurances and Société Africaine d’Assurance et de Reassurance (SAFAR).

  • Based on the approval of the regulatory authority of the country, the CIMA Code allows up to 50% of any reinsurance risk to be placed abroad, and more than 50% of a risk with unlicensed overseas reinsurers.

  • In May 2016, the Commission Regional des Assurances CRCA issued a draft regulation on the e-distribution of insurance products in Conférence Interafricaine des Marchés d'Assurances (CIMA) member states.


Scope
  • This report provides a comprehensive analysis of the insurance industry in Chad.

  • It provides historical values for the Chadian insurance industry for the report’s 2013-2017 review period, and projected figures for the 2017-2022 forecast period.

  • It offers a detailed analysis of the key segments in the Chadian insurance industry, with market forecasts to 2022.

  • It covers an exhaustive list of parameters, including written premium and claims.

  • It analyzes the various distribution channels in Chad.

  • It profiles the top insurance companies in Chad, 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 Chadian insurance industry and each segment and category within it.

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

  • Assess the competitive dynamics in the Chadian insurance industry.

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

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

Table of Contents

1. Key Facts and Highlights2 Executive Summary3 Economy and Demographics
4 Industry Outlook
4.1 Industry Indicators
4.1.1 Gross written premium
4.1.2 Direct written premium
4.1.3 Insurance density
4.1.4 Paid claims
5 Life Insurance Outlook
5.1 Segment Indicators
5.1.1 Direct written premium
5.1.2 Paid claims
5.1.3 Penetration
5.1.4 Assets and investments
6 General Insurance Outlook
6.1 Segment Indicators
6.1.1 Gross written premium
6.1.2 Direct written premium
6.1.3 Paid claims
6.1.4 Penetration
6.1.5 Loss ratio
6.1.6 Assets and investments
6.2 Property Insurance
6.2.1 Direct written premium
6.2.2 Penetration
6.2.3 Profitability
6.3 Motor Insurance
6.3.1 Direct written premium
6.3.2 Penetration
6.3.3 Profitability
6.4 Liability Insurance
6.4.1 Direct written premium
6.4.2 Penetration
6.4.3 Profitability
6.5 Marine, Aviation and Transit Insurance
6.5.1 Direct written premium
6.5.2 Penetration
6.5.3 Profitability
6.6 Personal Accident and Health Insurance
6.6.1 Direct written premium
6.6.2 Penetration
6.6.3 Profitability
6.7 Miscellaneous
6.7.1 Direct written premium
6.7.2 Penetration
6.7.3 Profitability
7 Reinsurance Outlook
7.1 Premium Ceded
8 Distribution Channel Outlook
9 Natural and Man-Made Hazards
9.1 Flooding
9.2 Droughts
9.3 Man-Made Hazards
9.4 Exposure
10 Competitive Landscape
10.1 Company Profiles
10.1.1 Société Africaine d’Assurance et de Reassurance - company overview
10.1.2 Star Group Assurances - company overview
10.1.3 Star Vie SA - 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
11.5 Supervision and Control
11.5.1 International Association of Insurance Supervisors
11.5.2 Commission Regional des Assurances
11.5.3 Direction des Finances Extérieures et Organismes
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
12.2 General 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
12.2.10 Marine, aviation and transit insurance by category
12.2.11 Personal accident and health insurance
12.2.12 Miscellaneous
13 Definitions and Methodology
13.1 Definitions
13.2 Methodology
14 About the Publisher
14.1 Contact the Publisher
14.2 About the Publisher
14.3 Services
14.4 Disclaimer
List of Tables
Table 1: Chadian Insurance Industry - Key Facts, 2017
Table 2: Chadian Insurance Industry - Industry Shares of the Top Insurers, 2017
Table 3: Chadian Insurance Industry - Gross Written Premium (XAF Billion and US$ Million), 2013-2017
Table 4: Chadian Insurance Industry - Gross Written Premium (XAF Billion and US$ Million), 2017-
Table 5: Chadian Insurance Industry - Direct Written Premium (XAF Billion and US$ Million), 2013-2017
Table 6: Chadian Insurance Industry - Direct Written Premium (XAF Billion and US$ Million), 2017-
Table 7: Chadian Insurance Industry - Density (XAF), 2013-2017
Table 8: Chadian Insurance Industry - Density (XAF), 2017-
Table 9: Chadian Insurance Industry - Paid Claims (XAF Billion and US$ Million), 2013-2017
Table 10: Chadian Insurance Industry - Paid Claims (XAF Billion and US$ Million), 2017-
Table 11: Chadian Life Insurance - Direct Written Premium (XAF Billion and US$ Million), 2013-2017
Table 12: Chadian Life Insurance - Direct Written Premium (XAF Billion and US$ Million), 2017-
Table 13: Chadian Life Insurance - Paid Claims (XAF Billion and US$), 2013-2017
Table 14: Chadian Life Insurance - Paid Claims (XAF Billion and US$), 2017-
Table 15: Chadian Life Insurance - Total Investment Income (XAF Billion and US$ Million), 2013-2017
Table 16: Chadian Life Insurance - Total Investment Income (XAF Billion and US$ Million), 2017-
Table 17: Chadian Life Insurance - Investment Portfolio (XAF Million), 2013-2017
Table 18: Chadian Life Insurance - Investment Portfolio (XAF Billion), 2017-
Table 19: Chadian General Insurance - Gross Written Premium (XAF Billion and US$ Million), 2013-2017
Table 20: Chadian General Insurance - Gross Written Premium (XAF Billion and US$ Million), 2017-
Table 21: Chadian General Insurance - Direct Written Premium (XAF Billion and US$ Million), 2013-2017
Table 22: Chadian General Insurance - Direct Written Premium (XAF Billion and US$ Million), 2017-
Table 23: Chadian General Insurance - Paid Claims (XAF Billion and US$ Million), 2013-2017
Table 24: Chadian General Insurance - Paid Claims (XAF Billion and US$ Million), 2017-
Table 25: Chadian General Insurance - Total Investment Income (XAF Billion and US$ Million), 2013-2017
Table 26: Chadian General Insurance - Total Investment Income (XAF Billion and US$ Million), 2017-
Table 27: Chadian General Insurance - Investment Portfolio (XAF Billion), 2013-2017
Table 28: Chadian General Insurance - Investment Portfolio (XAF Billion), 2017-
Table 29: Chadian Property Insurance - Direct Written Premium (XAF Billion and US$ Million), 2013-2017
Table 30: Chadian Property Insurance - Direct Written Premium (XAF Billion and US$ Million), 2017-
Table 31: Chadian Property Insurance - Loss Ratio (%), 2013-2017
Table 32: Chadian Property Insurance - Loss Ratio (%), 2017-
Table 33: Chadian Motor Insurance - Direct Written Premium (XAF Billion and US$ Million), 2013-2017
Table 34: Chadian Motor Insurance -Direct Written Premium (XAF Billion and US$ Million), 2017-
Table 35: Chadian Motor Insurance - Loss Ratio (%), 2013-2017
Table 36: Chadian Motor Insurance - Loss Ratio (%), 2017-
Table 37: Chadian Liability Insurance - Direct Written Premium (XAF Billion and US$ Million), 2013-2017
Table 38: Chadian Liability Insurance - Direct Written Premium (XAF Billion and US$ Million), 2017-
Table 39: Chadian Liability Insurance - Loss Ratio (%), 2013-2017
Table 40: Chadian Liability Insurance - Loss Ratio (%), 2017-
Table 41: Chadian Marine, Aviation and Transit Insurance - Direct Written Premium (XAF Million and US$ Million), 2013-2017
Table 42: Chadian Marine, Aviation and Transit Insurance - Direct Written Premium (XAF Million and US$ Million), 2017-
Table 43: Chadian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2013-2017
Table 44: Chadian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2017-
Table 45: Chadian Personal Accident and Health Insurance - Direct Written Premium (XAF Billion and US$ Million), 2013-2017
Table 46: Chadian Personal Accident and Health Insurance - Direct Written Premium (XAF Billion and US$ Million), 2017-
Table 47: Chadian Personal Accident and Health Insurance - Loss Ratio (%), 2013-2017
Table 48: Chadian Personal Accident and Health Insurance - Loss Ratio (%), 2017-
Table 49: Chadian Miscellaneous - Direct Written Premium (XAF Million and US$ Million), 2013-2017
Table 50: Chadian Miscellaneous - Direct Written Premium (XAF Million and US$ Million), 2017-
Table 51: Chadian Miscellaneous - Loss Ratio (%), 2013-2017
Table 52: Chadian Miscellaneous - Loss Ratio (%), 2017-
Table 53: Chadian Reinsurance - Premium Ceded by Insurance Segment (XAF Billion), 2013-2017
Table 54: Chadian Reinsurance - Premium Ceded by Insurance Segment (XAF Billion), 2017-
Table 55: Chadian Insurance Industry - Market Shares of Leading Insurers (%), 2016
Table 56: Société Africaine d’Assurance et de Reassurance - Key Facts
Table 57: Star Nationale SA - Key Facts
Table 58: Star Vie SA - Key Facts
Table 59: Chad - Insurance Regulatory Framework Key Features
Table 60: Chad - Intermediary Remuneration Rates
Table 61: Chad - Life Insurance Regulatory Framework
Table 62: Chad - Property Insurance Regulatory Framework
Table 63: Chad - Motor Insurance Regulatory Framework
Table 64: Chad - Liability Insurance Regulatory Framework
Table 65: Chad - Insurance Premium Tax Rates
Table 66: Chad - Corporate Tax Rates for the Financial Year 2017
Table 67: Chadian Life Insurance - Policies and Premium, 2013-2017
Table 68: Chadian Life Insurance - Policies and Premium, 2017-
Table 69: Chadian Life Insurance - Claims and Expenses, 2013-2017
Table 70: Chadian Life Insurance - Claims and Expenses, 2017-
Table 71: Chadian Life Insurance - Assets and Investments, 2013-2017
Table 72: Chadian Life Insurance - Assets and Investments, 2017-
Table 73: Chadian General Insurance - Policies and Premium, 2013-2017
Table 74: Chadian General Insurance - Policies and Premium, 2017-
Table 75: Chadian General Insurance - Claims and Expenses, 2013-2017
Table 76: Chadian General Insurance - Claims and Expenses, 2017-
Table 77: Chadian General Insurance - Assets and Investments, 2013-2017
Table 78: Chadian General Insurance - Assets and Investments, 2017-
Table 79: Chadian General Insurance - Property Insurance, 2013-2017
Table 80: Chadian General Insurance - Property Insurance, 2017-
Table 81: Chadian General Insurance - Property Insurance by Category, 2013-2017
Table 82: Chadian General Insurance - Property Insurance by Category, 2017-
Table 83: Chadian General Insurance - Motor Insurance, 2013-2017
Table 84: Chadian General Insurance - Motor Insurance, 2017-
Table 85: Chadian General Insurance - Motor Insurance by Category, 2013-2017
Table 86: Chadian General Insurance - Motor Insurance by Category, 2017-
Table 87: Chadian General Insurance - Liability Insurance, 2013-2017
Table 88: Chadian General Insurance - Liability Insurance, 2017-
Table 89: Chadian General Insurance - Marine, Aviation and Transit Insurance, 2013-2017
Table 90: Chadian General Insurance - Marine, Aviation and Transit Insurance, 2017-
Table 91: Chadian General Insurance - Marine Aviation and Transit Insurance by Category, 2013-2017
Table 92: Chadian General Insurance - Marine Aviation and Transit Insurance by Category, 2017-
Table 93: Chadian General Insurance - Personal Accident and Health Insurance, 2013-2017
Table 94: Chadian General Insurance - Personal Accident and Health Insurance, 2017-
Table 95: Chadian General Insurance - Miscellaneous, 2013-2017
Table 96: Chadian General Insurance - Miscellaneous, 2017-
Table 97: Insurance Industry Definitions
List of Figures
Figure 1: Chadian Real GDP (XAF Trillion), 2013-
Figure 2: Chadian Exchange Rate (XAF per US$), 2013-
Figure 3: Chadian Consumer Price Inflation (%), 2013-
Figure 4: Chadian Current Account Balance as Percentage of GDP (%), 2013-2017
Figure 5: Chadian Unemployment Rate, 2013-
Figure 6: Chadian Population by Age Group, 2013-
Figure 7: Chadian Insurance Industry - Gross Written Premium (XAF Billion), 2013-
Figure 8: Chadian Insurance Industry - Direct Written Premium (XAF Billion), 2013-
Figure 9: Chadian Insurance Industry - Density (XAF), 2013-
Figure 10: Chadian Insurance Industry - Paid Claims (XAF Billion), 2013-
Figure 11: Chadian Life Insurance - Direct Written Premium (XAF Billion), 2013-
Figure 12: Chadian Life Insurance - Paid Claims (XAF Billion), 2013-
Figure 13: Chadian Life Insurance - Penetration (%), 2013-2017
Figure 14: Chadian Life Insurance - Penetration (%), 2017-
Figure 15: Chadian Life Insurance - Total Investment Income (XAF Billion), 2013-
Figure 16: Chadian Life Insurance - Investment Portfolio (XAF Billion), 2013-
Figure 17: Chadian General Insurance - Gross Written Premium (XAF Billion), 2013-
Figure 18: Chadian General Insurance - Direct Written Premium (XAF Billion), 2013-
Figure 19: Chadian General Insurance - Paid Claims (XAF Billion), 2013-
Figure 20: Chadian General Insurance - Penetration (%), 2013-2017
Figure 21: Chadian General Insurance - Penetration (%), 2017-
Figure 22: Chadian General Insurance - Loss Ratio (%), 2013-2017
Figure 23: Chadian General Insurance - Loss Ratio (%), 2017-
Figure 24: Chadian General Insurance - Total Investment Income (XAF Billion), 2013-
Figure 25: Chadian General Insurance - Investment Portfolio (XAF Billion), 2013-
Figure 26: Chadian General Insurance - Investment Portfolio Dynamics (XAF Billion), 2013-
Figure 27: Chadian Property Insurance - Direct Written Premium (XAF Billion), 2013-
Figure 28: Chadian Property Insurance - Penetration (%), 2013-2017
Figure 29: Chadian Property Insurance - Penetration (%), 2017-
Figure 30: Chadian Property Insurance - Earned Premium, Incurred Loss and Loss Ratio (XAF Billion and %), 2013-
Figure 31: Chadian Motor Insurance - Direct Written Premium (XAF Billion), 2013-
Figure 32: Chadian Motor Insurance - Penetration (%), 2013-2017
Figure 33: Chadian Motor Insurance - Penetration (%), 2017-
Figure 34: Chadian Motor Insurance - Earned Premium, Incurred Loss and Loss Ratio (XAF Billion and %), 2013-
Figure 35: Chadian Liability Insurance - Direct Written Premium (XAF Billion), 2013-
Figure 36: Chadian Liability Insurance - Penetration (%), 2013-2017
Figure 37: Chadian Liability Insurance - Penetration (%), 2017-
Figure 38: Chadian Liability Insurance - Earned Premium, Incurred Loss and Loss Ratio (XAF Billion and %), 2013-
Figure 39: Chadian Marine, Aviation and Transit Insurance - Direct Written Premium (XAF Million), 2013-
Figure 40: Chadian Marine, Aviation and Transit Insurance - Penetration (%), 2013-2017
Figure 41: Chadian Marine, Aviation and Transit Insurance - Penetration (%), 2017-
Figure 42: Chadian Marine, Aviation and Transit Insurance - Earned Premium, Incurred Loss and Loss Ratio (XAF Million and %), 2013-
Figure 43: Chadian Personal Accident and Health Insurance - Direct Written Premium (XAF Billion), 2013-
Figure 44: Chadian Personal Accident and Health Insurance - Penetration (%), 2013-2017
Figure 45: Chadian Personal Accident and Health Insurance - Penetration (%), 2017-
Figure 46: Chadian Personal Accident and Health Insurance - Earned Premium, Incurred Loss and Loss Ratio (XAF Billion and %), 2013-
Figure 47: Chadian Miscellaneous - Direct Written Premium (XAF Billion), 2013-
Figure 48: Chadian Miscellaneous - Penetration (%), 2013-2017
Figure 49: Chadian Miscellaneous - Penetration (%), 2017-
Figure 50: Chadian Miscellaneous - Earned Premium, Incurred Loss and Loss Ratio (XAF Million and %), 2013-
Figure 51: Chadian Reinsurance - Premium Ceded by Insurance Segment (XAF Billion), 2013-
Figure 52: Chadian General Insurance - Percentage of Reinsurance Ceded (%), 2013-
Figure 53: Chadian Insurance Industry - Market Shares of Leading Insurers (%), 2016
Figure 54: Chad - Insurance Supervision and Control at Various Levels
Figure 55: Chad - Insurance Regulatory Frameworks for Company Registration and Operation

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Société Africaine d’Assurance et de Reassurance (SAFAR)

  • Star Nationale SA

  • Star Vie SA

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