Five companies dominate Angola's insurance market

angolaThe Angolan insurance market is dominated by five insurers: Saham, Ensa Seguros, Fidelidade, Nossa Seguros and Global Seguros.

From 2014 to 2018, these companies collected 451 billion AOA (1.45 billion USD) of premiums, that is 75% of the market production. During the same period, the top five companies settled claims worth 261.9 billion AOA (843 million USD), 255.6 billion AOA (823 million USD) of which for non-life insurance and 6.3 billion AOA (20 million USD) for life.

In 2018, the top 10 companies issued 139.73 billion AOA (449 million USD) in premiums, that 92% of the total market. Angola counts 28 insurers.

Read also | AngoRe: creation of a national reinsurer in Angola

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