Togo

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

The Togo 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 

Togo was the fifth largest life market in the CIMA zone in 2018 but is well behind the top three (Ivory Coast, Cameroon and Senegal) and is relatively small by world standards. Economic pressures and civil instability have dampened demand in recent years.

Although some emerging wealthier individuals may buy cover, individual life insurance has been slow to catch on with the Togolese tending to ....

There is a modest state pension for those who have worked in the private sector and paid their contributions and a more generous pension for government employees. Those involved in the informal sector, the bulk of the population, have no pension.

Pension and savings business bought from private insurers accounted for about 58% of long-term business ....

There is no universal health cover in Togo although cover is available to public sector employees, members of the military and the poor. There is talk of extending cover to more sectors of the population, but no progress has yet been made. In the meantime, under labour laws, employers are expected to provide paid sick leave and pay for the care of their employees (and their families) at public hospitals, maintaining a permanent cadre of medical staff geared to the number of employees.