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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Equatorial Guinea non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Equatorial Guinea's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Equatorial Guinea non-life (P&C) market as well as trends by line of business. Axco analysts also report on Equatorial Guinea'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 Equatorial Guinea's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Equatorial Guinea, 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 Equatorial Guinea, 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 Equatorial Guinea with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
The insurance market in Equatorial Guinea is small, underdeveloped and skewed towards the oil sector risks and a few wealthy individuals. Insurance penetration per capita appears high relative to neighbouring countries but is artificially skewed by oil and mining sector spending.
The growth of Equatorial Guinea's economy during the 1990s was driven by oil, which accounts for 90% of GDP ....
This is a brief extract of information; more updated information may be available in the latest published report