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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the the DRC's non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in the DRC's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the the DRC's non-life (P&C) market as well as trends by line of business. Axco analysts also report on the DRC'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 the DRC's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in the DRC, 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 the DRC, 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 the Democratic Republic of Congo with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
In July 2020 the Congolese president announced an end to the country's COVID-19 health emergency and a three-stage process for reopening businesses, schools/universities and borders to commence on 22 July. As at late October 2020, although the country had seen a relatively low incidence of COVID-19 cases and deaths, the pandemic was reported to have worsened the existing economic crisis in the country. The full impact will not be known for some time but in October 2020 sources were suggesting that whilst businesses involved in transport, fuel, travel and logistics may be suffering and reducing their insurance spending ....
This is a brief extract of information; more updated information may be available in the latest published report