Life Report

Product Insurance Market Reports Life Rev Mozambique

Key Highlights

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

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

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

Life Insurance

Axco provides details on the life insurance sector including Mozambique 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 Mozambique, 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 Mozambique's 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 Mozambique 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 

Mozambique Life and Benefits Report Extract

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

Life Insurance

The life market in Mozambique is relatively small and under-developed and whilst there is considerable potential for future growth, the development of the class is hindered by widespread poverty, particularly in rural areas.

Gross written life premiums (including pension contributions) in 2020, according to audited figures, amounted to MZN 2.46bn ....


The pensions market in Mozambique is small and continues to be underdeveloped. Following the new legislation in 2010, however, some substantial pensions business was transferred into the insurance market, and life insurance companies have been active in positioning themselves in this area of significant long-term potential ....


State healthcare provisions in Mozambique are not comprehensive and many of those that can afford healthcare cover would prefer to have medical treatment in South Africa or overseas. During the COVID-19 pandemic some people who might previously have travelled abroad for private medical treatment have been obtaining this within Mozambique. The country has three central hospitals, one in each major region: the national referral hospital is in Maputo (which also serves the southern region) ....

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