Equatorial Guinea

Life Report

Product Insurance Market Reports Life Rev Equatorial Guinea

Key Highlights

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  • Key insights and explanations of market developments in life insurance, healthcare and pensions
  • Details Equatorial Guinea's insurance, social security, pensions and healthcare regulatory framework and company and personal tax considerations
  • Current legislation and upcoming changes
  • The latest developments in Equatorial Guinea'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 Equatorial Guinea

The Equatorial Guinea life and benefits market report provides a comprehensive, impartial analysis of the life insurance market of Equatorial Guinea.  Information extends to extensive detail on healthcare (public and private), pensions and benefits, and social security. Specialist researchers visit Equatorial Guinea 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 Equatorial Guinea’s demographic profile and assesses its economic, political, climate, operational, and security risks. Key data on the investment environment in Equatorial Guinea is available.

Axco’s report describes the regulatory framework that applies to the Equatorial Guinea domestic life insurance sector, including whether non-admitted insurance is permitted in Equatorial Guinea; as well as the legislation necessary to know regarding Equatorial Guinea’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 Equatorial Guinea with local life insurance company premiums, market share and year on year growth.

Life Insurance

Axco provides details on the life insurance sector including Equatorial Guinea 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 Equatorial Guinea, 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 Equatorial Guinea 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 Equatorial Guinea 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 

Equatorial Guinea Life and Benefits Report Extract

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

Life Insurance

There is no reported life business in this market.

The country's authorities have in the past expressed the view that there is no need for private companies to provide life insurance because the social security body, the Social Security Institute (INSESO), provides all the cover that is necessary. L'Africaine des Assurances de Guinee Equatoriale was said to have applied for a licence for a life company ....


No private pension business is written in this market, only the state pensions provided by INSESO.

Many expatriates have pension arrangements outside the country.


Healthcare is thought to make up the majority of the personal accident (PA) and healthcare class. It saw steady growth, up to and including 2015, derived from two main sources:

  • from the country's newly-rich deciding to buy cover to provide something better than the care given under the social security system (anecdotal evidence suggests that the benefits offered by the state system are considered poor)

  • from the increasing ....

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