Insurance market reports are produced following a country visit with interviews with professionals working in the sector with systematic updates to information throughout the cycle. Covering market developments, macroeconomic factors and comprehensive details of the regulatory environment including relevant taxation as well as market indicators and company statistics.
Axco’s Sudan Non-Life Insurance Market Report (P&C) also comprises a detailed analysis of lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers’ liability and liability.
The Life & Benefits Report for Sudan includes detail on social security, healthcare, individual life assurance and pensions information as well as market statistics and life company statistics
Real GDP growth (%)
Insurance Penetration (%)
The Sudanese insurance market is run according to the principles of Islamic law (sharia) and payments for insurance are referred to as contributions (not premiums). Life business is known as takaful.
Gross written contributions for non-life business in 2018 were SDG 6.87bn. Health business accounted for SDG 1.00bn of this. Personal accident business is not separately identified. Sources indicate the insurance market in Sudan is set for growth following the lifting of restrictions and signs towards political stability.
In 2021 the Sudanese insurance market consisted of 15 companies, of which most were composites, writing both non-life and life (takaful) business. The state-owned Shiekan Insurance Company is the market leader.