Life Report

Product Insurance Market Reports Life Rev Angola

Key Highlights

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  • Key insights and explanations of market developments in life insurance, healthcare and pensions
  • Details Angola's insurance, social security, pensions and healthcare regulatory framework and company and personal tax considerations
  • Current legislation and upcoming changes
  • The latest developments in Angola's economic and political environment
  • Demographic information
  • Market statistics and company performance

Report Overview

Independent strategic insight, line of business detail, regulatory information & market data for the non-life (P&C) insurance market of Angola

The Angola life and benefits market report provides a comprehensive, impartial analysis of the life insurance market of Angola.  Information extends to extensive detail on healthcare (public and private), pensions and benefits, and social security. Specialist researchers visit Angola and interview local professionals working across the local market. The report is updated with new information and data regularly throughout the cycle of country visits.

The report provides information about Angola’s demographic profile and assesses its economic, political, climate, operational, and security risks. Key data on the investment environment in Angola is available.

Axco’s report describes the regulatory framework that applies to the Angola domestic life insurance sector, including whether non-admitted insurance is permitted in Angola; as well as the legislation necessary to know regarding Angola’s healthcare, pensions and social security.

Statistics include five years of life insurance market performance indicators, including gross written premiums, premium growth and penetration rates. Company statistics show who are the leading life insurance companies in Angola with local life insurance company premiums, market share and year on year growth.

Life Insurance

Axco provides details on the life insurance sector including Angolan market participants, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.


The report describes the public and private healthcare system in Angola, the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.


Axco reports on the three pillars of Angola pension provision.

  • State pension benefits including benefit calculations and eligibility criteria 
  • Workplace pension provision; types of schemes calculations eligibility and; tax implications
  • Voluntary individual pension provision, type of products and tax implications

Social Security

The Angola report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

  • state pensions,
  • permanent disability benefit
  • occupational accident and disease
  • maternity and paternity payments 

Angola Life and Benefits Report Extract

Below are brief extracts of information from the Angola Life & Benefits Report; more updated information may be available in the latest published report.

Life Insurance

Summary and Trends

The Angolan insurance market continues to operate under challenging conditions. The life market in Angola is small and constitutes just 2.23% of total insurance market premiums. Life premiums were AOA 3.12bn in 2018, an increase of 64% compared with the previous year, but has contracted in USD terms.  A feature of recent years has been that Angolan companies and individuals have ...


Summary and Trends

There were 36 pension funds in early 2020, four pension fund management companies and four insurers holding licences to manage pension funds. Management companies consist of Gestao de Fundos SA, which is an active pension fund administrator, as is Fenix Pensoes SARL, which has connections with the Savings and Credit Bank (BPC), Economico Fundos SA and Sonangol Vida SA. Insurance companies that hold licences to manage funds consist of ENSA, NOSSA Seguros, Global Seguros and Fortaleza Seguros.The regulator announced that the asset value of pension funds at the end of 2018 was AOA 244.31bn an increase of ...


Summary and Trends

Healthcare insurance is by far the single largest business line in the Angolan insurance market. Healthcare insurance premium statistics are included together with personal accident and travel insurance figures. For 2018 combined healthcare, personal accident and travel premiums were AOA 75.26bn. Healthcare insurance premiums form probably 95% of the total. In USD terms healthcare, personal accident and travel insurance premiums have contracted ...

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