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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Afghanistan non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Afghanistan's insurance sector. Systematic updates are published throughout the cycle. to the latest developments in the Afghanistan non-life (P&C) market as well as trends by line of business. Axco analysts also report on Afghanistan's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers,
The report describes Afghanistan insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Afghanistan, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Afghanistan, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Afghanistan with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
Afghanistan has a small, agriculturally based economy which suffers from underdeveloped infrastructure and a poor business environment. It is highly mountainous with some minor earthquake exposure and poor communications making government challenging and this has been compounded by many years of internal and external conflict. Insurance, both life and non-life, is underdeveloped and a single company, the Afghan National Insurance Corporation (ANIC), held a monopoly until 2005, since when the non-life market has grown through the asset protection, personal accident and travel classes. Penetration remains very low. Conventional insurance continues to be sold although increasingly on small sums insured which are capable of being absorbed into the net account as reinsurers exit the sector, according to market sources. Motor and personal accident are among the most active classes ....
This is a brief extract of information; more updated information may be available in the latest published report.