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The Insurance Industry in Togo, Key Trends and Opportunities to 2021

Published By :

Timetric

Published Date : Jun 2017

Category :

Insurance

No. of Pages : 120 Pages

Synopsis
Timetrics 'The Insurance Industry in Togo, Key Trends and Opportunities to 2021' report provides detailed analysis of the market trends, drivers and challenges in the Togolese insurance industry.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (20122016) and forecast period (20162021).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Togolese economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetrics research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary
Timetrics 'The Insurance Industry in Togo, Key Trends and Opportunities to 2021' report provides in-depth market analysis, information and insights into the Togolese insurance industry, including:

The Togolese insurance industry's growth prospects by segment and category

A comprehensive overview of Togolese economy and demographics

The detailed competitive landscape in the Togolese insurance industry

The various distribution channels in the Togolese insurance industry

Detailed regulatory policies of the Togolese insurance industry

Analysis of natural hazards in Togolese insurance industry

Scope
This report provides a comprehensive analysis of the insurance industry in Togo:

It provides historical values for the Togolese insurance industry for the reports 20122016 review period, and projected figures for the 20162021 forecast period.

It offers a detailed analysis of the key segments in the Togolese insurance industry, along with market forecasts until 2021.

It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.

It analyzes the various distribution channels in Togo.

It profiles the top insurance companies in Togo and outlines the key regulations affecting them.

Reasons To Buy
Make strategic business decisions using in-depth historic and forecast market data related to the Togolese insurance industry and each segment and category within it.

Understand the demand-side dynamics, key market trends and growth opportunities in the Togolese insurance industry.

Assess the competitive dynamics in the Togolese insurance industry.

Identify the growth opportunities and market dynamics in key segments.

Gain insights into key regulations governing the Togolese insurance industry and their impact on companies and the industry's future.

Key Highlights
On December 31, 2014, the Commission Rgional des Assurances implemented a regulation to prevent insurers from misleading customers about a guaranteed minimum return rate in life insurance contracts. According to the circular, indicating guaranteed rates in the form of gross rates and sampling rates is misleading.

Floods are a major challenge for Togolese insurers, as three large basins make Togo vulnerable to flooding

On July 26, 2014, the Commission Rgionale de Contrle des Assurances (CRCA) issued regulations prohibiting insurers from transacting with unauthorized intermediaries.
Table of Contents
1 KEY FACTS AND HIGHLIGHTS
2 EXECUTIVE SUMMARY
3 ECONOMY AND DEMOGRAPHICS
3.1 Industry Indicators
3.1.1 Gross written premium
3.1.2 Claims
3.1.3 Investments
4 LIFE INSURANCE OUTLOOK
4.1 Individual Life Insurance
4.1.1 Penetration
4.2 Group Life Insurance
4.2.1 Penetration
5 NON-LIFE INSURANCE OUTLOOK
5.1 Property Insurance
5.1.1 Penetration
5.1.2 Claims
5.1.3 Profitability
5.2 Motor Insurance
5.2.1 Penetration
5.2.2 Claims
5.2.3 Profitability
5.3 Liability Insurance
5.3.1 Penetration
5.3.2 Claims
5.3.3 Profitability
5.4 Marine, Aviation and Transit Insurance
5.4.1 Penetration
5.4.2 Claims
5.4.3 Profitability
6 PERSONAL ACCIDENT AND HEALTH INSURANCE OUTLOOK
6.1 Gross written premium
7 REINSURANCE OUTLOOK
7.1 Premium Ceded
8 NATURAL AND MAN-MADE HAZARDS
8.1 Flooding
8.2 Exposure
9 COMPETITIVE LANDSCAPE
9.1 Company Profiles
9.1.1 Groupement Togolais d'Assurances Vie company overview
9.1.2 Nouvelle Socit Interafricaine d'Assurance Group company overview
9.1.3 Saham Assurance company overview
9.1.4 Sunu Assurances IARD Togo company overview
9.1.5 Allianz Togo Assurances company overview
10 GOVERNANCE, RISK AND COMPLIANCE
10.1 Legislation Overview and Historical Evolution
10.2 Latest Changes in Regulation
10.3 Legislation and Market Practice by Type of Insurance
10.3.1 Life insurance
10.3.2 Property insurance
10.3.3 Motor insurance
10.3.4 Liability insurance
10.3.5 Marine, aviation and transit insurance
10.3.6 Personal accident and health insurance
10.4 Compulsory Insurance
10.4.1 Motor third-party liability insurance
10.4.2 Professional indemnity insurance for insurance intermediaries
10.4.3 Workers Compensation
10.5 Supervision and Control
10.5.1 International Association of Insurance Supervisors
10.5.2 Commission Regional des Assurances
10.5.3 Direction Nationale des Assurances
10.6 Non-Admitted Insurance Regulations
10.6.1 Overview
10.6.2 Intermediaries
10.6.3 Market practices
10.6.4 Fines and Penalties
10.7 Company Registration and Operations
10.7.1 Type of insurance organization
10.7.2 Establishing a local company
10.7.3 Foreign ownership
10.7.4 Types of license
10.7.5 Capital requirements
10.7.6 Solvency margin
10.7.7 Reserve requirements
10.7.8 Investment regulations
10.7.9 Statutory return requirements
10.7.10 Fee structure
10.8 Taxation
10.8.1 Insurance premium or policy taxation
10.8.2 Withholding taxes on premium paid overseas
10.8.3 Corporate tax
10.8.4 VAT
10.8.5 Captives
10.9 Legal System
10.9.1 Introduction
10.9.2 Access to court
10.9.3 Alternative dispute resolution
11 DATABOOK
11.1 Life Insurance
11.1.1 Policies and premium
11.1.2 Claims and expenses
11.1.3 Assets and investments
11.1.4 Individual life insurance
11.1.5 Individual life insurance by category
11.1.6 Group life insurance
11.1.7 Group life insurance by category
11.2 Non-Life Insurance
11.2.1 Policies and premium
11.2.2 Claims and expenses
11.2.3 Assets and investments
11.2.4 Property insurance
11.2.5 Property insurance by category
11.2.6 Motor insurance
11.2.7 Motor insurance by category
11.2.8 Liability insurance
11.2.9 Marine, aviation and transit insurance
11.3 Personal Accident and Health Insurance
11.3.1 Policies and premium
11.3.2 Claims and expenses
11.3.3 Assets and investments
12 DEFINITIONS AND METHODOLOGY
12.1 Definitions
12.2 Methodology
13 ABOUT TIMETRIC
13.1 Contact Timetric
13.2 About Timetric
13.3 Timetrics Services
13.4 Disclaimer


List of Tables
Table 1: Togolese Insurance Industry Key Facts, 2016
Table 2: Togolese Insurance Industry Gross Written Premium by Segment (XOF Billion), 20122016
Table 3: Togolese Insurance Industry Gross Written Premium by Segment (XOF Billion), 20162021
Table 4: Togolese Insurance Industry Density (Direct Written Premium Per Capita) by Segment (XOF), 20122016
Table 5: Togolese Insurance Industry Density (Direct Written Premium Per Capita) by Segment (XOF), 20162021
Table 6: Togolese Insurance Industry Paid Claims by Segment (XOF Billion), 20122016
Table 7: Togolese Insurance Industry Paid Claims by Segment (XOF Billion), 20162021
Table 8: Togolese Insurance Industry Total Investment Income by Segment (XOF Billion), 20122016
Table 9: Togolese Insurance Industry Total Investment Income by Segment (XOF Billion), 20162021
Table 10: Togolese Insurance Industry Life Insurance Investment Portfolio (XOF Billion), 20122016
Table 11: Togolese Insurance Industry Life Insurance Investment Portfolio (XOF Billion), 20162021
Table 12: Togolese Insurance Industry Non-Life Insurance Investment Portfolio (XOF Billion), 20122016
Table 13: Togolese Insurance Industry Non-Life Insurance Investment Portfolio (XOF Billion), 20162021
Table 14: Togolese Insurance Industry Personal Accident and Health Insurance Investment Portfolio (XOF Billion), 20122016
Table 15: Togolese Insurance Industry Personal Accident and Health Insurance Investment Portfolio (XOF Billion), 20162021
Table 16: Togolese Property Insurance Paid Claims (XOF Billion and US$ Million), 20122016
Table 17: Togolese Property Insurance Paid Claims (XOF Billion and US$ Million), 20162021
Table 18: Togolese Property Insurance Loss Ratio (%), 20122016
Table 19: Togolese Property Insurance Loss Ratio (%), 20162021
Table 20: Togolese Motor Insurance Paid Claims (XOF Billion and US$ Billion), 20122016
Table 21: Togolese Motor Insurance Paid Claims (XOF Billion and US$ Billion), 20162021
Table 22: Togolese Motor Insurance Loss Ratio (%), 20122016
Table 23: Togolese Motor Insurance Loss Ratio (%), 20162021
Table 24: Togolese Liability Insurance Paid Claims (XOF Billion and US$ Million), 20122016
Table 25: Togolese Liability Insurance Paid Claims (XOF Billion and US$ Million), 20162021
Table 26: Togolese Liability Insurance Loss Ratio (%), 20122016
Table 27: Togolese Liability Insurance Loss Ratio (%), 20162021
Table 28: Togolese Marine, Aviation and Transit Insurance Paid Claims (XOF Million and US$ Million), 20122016
Table 29: Togolese Marine, Aviation and Transit Insurance Paid Claims (XOF Million and US$ Million), 20162021
Table 30: Togolese Marine, Aviation and Transit Insurance Loss Ratio (%), 20122016
Table 31: Togolese Marine, Aviation and Transit Insurance Loss Ratio (%), 20162021
Table 32: Togolese Personal Accident and Health Insurance Gross Written Premium (XOF Billion), 20122016
Table 33: Togolese Personal Accident and Health Insurance Gross Written Premium (XOF Billion), 20162021
Table 34: Togolese Reinsurance Premium Ceded by Insurance Segment (XOF Billion), 20122016
Table 35: Togolese Reinsurance Premium Ceded by Insurance Segment (XOF Billion), 20162021
Table 36: Togolese Insurance Industry Top Insurers
Table 37: Groupement Togolais d'Assurances Vie Key Facts
Table 38: Nouvelle Socit Interafricaine d'Assurance Group Key Facts
Table 39: Saham Assurance Key Facts
Table 40: Sunu Assurances IARD Togo Key Facts
Table 41: Allianz Togo Assurances Key Facts
Table 42: Togo Insurance Intermediary Remuneration
Table 43: Togo Life Insurance Regulatory Framework
Table 44: Togo Property Insurance Regulatory Framework
Table 45: Togo Motor Insurance Regulatory Framework
Table 46: Togo Liability Insurance Regulatory Framework
Table 47: Togo Insurance Premium Tax Rates
Table 48: Togo Corporate Tax Rates for the Financial Year 2017
Table 49: Togolese Life Insurance Policies and Premium, 20122016
Table 50: Togolese Life Insurance Policies and Premium, 20162021
Table 51: Togolese Life Insurance Claims and Expenses, 20122016
Table 52: Togolese Life Insurance Claims and Expenses, 20162021
Table 53: Togolese Life Insurance Assets and Investments, 20122016
Table 54: Togolese Life Insurance Assets and Investments, 20162021
Table 55: Togolese Life Insurance Individual Life Insurance, 20122016
Table 56: Togolese Life Insurance Individual Life Insurance, 20162021
Table 57: Togolese Life Insurance Individual Life Insurance by Category, 20122016
Table 58: Togolese Life Insurance Individual Life Insurance by Category, 20162021
Table 59: Togolese Life Insurance Group Life Insurance, 20122016
Table 60: Togolese Life Insurance Group Life Insurance, 20162021
Table 61: Togolese Life Insurance Group Life Insurance by Category, 20122016
Table 62: Togolese Life Insurance Group Life Insurance by Category, 20162021
Table 63: Togolese Non-Life Insurance Policies and Premium, 20122016
Table 64: Togolese Non-Life Insurance Policies and Premium, 20162021
Table 65: Togolese Non-Life Insurance Claims and Expenses, 20122016
Table 66: Togolese Non-Life Insurance Claims and Expenses, 20162021
Table 67: Togolese Non-Life Insurance Assets and Investments, 20122016
Table 68: Togolese Non-Life Insurance Assets and Investments, 20162021
Table 69: Togolese Non-Life Insurance Property Insurance, 20122016
Table 70: Togolese Non-Life Insurance Property Insurance, 20162021
Table 71: Togolese Non-Life Insurance Property Insurance by Category, 20122016
Table 72: Togolese Non-Life Insurance Property Insurance by Category, 20162021
Table 73: Togolese Non-Life Insurance Motor Insurance, 20122016
Table 74: Togolese Non-Life Insurance Motor Insurance, 20162021
Table 75: Togolese Non-Life Insurance Motor Insurance by Category, 20122016
Table 76: Togolese Non-Life Insurance Motor Insurance by Category, 20162021
Table 77: Togolese Non-Life Insurance Liability Insurance, 20122016
Table 78: Togolese Non-Life Insurance Liability Insurance, 20162021
Table 79: Togolese Non-Life Insurance Marine, Aviation and Transit Insurance, 20122016
Table 80: Togolese Non-Life Insurance Marine, Aviation and Transit Insurance, 20162021
Table 81: Togolese Personal Accident and Health Insurance Policies and Premium, 20122016
Table 82: Togolese Personal Accident and Health Insurance Policies and Premium, 20162021
Table 83: Togolese Personal Accident and Health Insurance Claims and Expenses, 20122016
Table 84: Togolese Personal Accident and Health Insurance Claims and Expenses, 20162021
Table 85: Togolese Personal Accident and Health Insurance Assets and Investments, 20122016
Table 86: Togolese Personal Accident and Health Insurance Assets and Investments, 20162021
Table 87: Insurance Industry Definitions


List of Figures
Figure 1: Togolese Real GDP (US$ Billion), 20122021
Figure 2: Togolese Consumer Price Inflation (%), 20122021
Figure 3: Togolese Current Account Balance as Percentage of GDP (%), 20122016
Figure 4: Togolese Unemployment Rate, 20122021
Figure 5: Togolese Population by Age Group, 19912025
Figure 6: Togolese Insurance Industry Gross Written Premium by Segment, 20122021
Figure 7: Togolese Insurance Industry Density (Direct Written Premium Per Capita) by Segment (XOF), 20122021
Figure 8: Togolese Insurance Industry Paid Claims by Segment (XOF Billion), 20122021
Figure 9: Togolese Insurance Industry Total Investment Income by Segment (XOF Billion), 20122021
Figure 10: Togolese Insurance Industry Life Insurance Investment Portfolio (XOF Billion), 20122021
Figure 11: Togolese Insurance Industry Life Insurance Investment Portfolio Dynamics by Category (XOF Billion), 20122021
Figure 12: Togolese Insurance Industry Non-Life Insurance Investment Portfolio (XOF Billion), 20122021
Figure 13: Togolese Insurance Industry Non-Life Insurance Investment Portfolio Dynamics by Category (XOF Billion), 20122021
Figure 14: Togolese Insurance Industry Personal Accident and Health Insurance Investment Portfolio (XOF Billion), 20122021
Figure 15: Togolese Insurance Industry Personal Accident and Health Insurance Investment Portfolio Dynamics by Category (XOF Billion), 20122021
Figure 16: Togolese Individual Life Insurance Penetration (%), 20122016
Figure 17: Togolese Individual Life Insurance Penetration (%), 20162021
Figure 18: Togolese Group Life Insurance Penetration (%), 20122016
Figure 19: Togolese Group Life Insurance Penetration (%), 20162021
Figure 20: Togolese Property Insurance Penetration (%), 20122016
Figure 21: Togolese Property Insurance Penetration (%), 20162021
Figure 22: Togolese Property Insurance Paid Claims (XOF Billion), 20122021
Figure 23: Togolese Property Insurance Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 20122021
Figure 24: Togolese Motor Insurance Penetration (%), 20122016
Figure 25: Togolese Motor Insurance Penetration (%), 20162021
Figure 26: Togolese Motor Insurance Paid Claims (XOF Billion), 20122021
Figure 27: Togolese Motor Insurance Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 20122021
Figure 28: Togolese Liability Insurance Penetration (%), 20122016
Figure 29: Togolese Liability Insurance Penetration (%), 20162021
Figure 30: Togolese Liability Insurance Paid Claims (XOF Billion), 20122021
Figure 31: Togolese Liability Insurance Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 20122021
Figure 32: Togolese Marine, Aviation and Transit Insurance Penetration (%), 20122016
Figure 33: Togolese Marine, Aviation and Transit Insurance Penetration (%), 20162021
Figure 34: Togolese Marine, Aviation and Transit Insurance Paid Claims (XOF Million), 20122021
Figure 35: Togolese Marine, Aviation and Transit Insurance Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 20122021
Figure 36: Togolese Life Reinsurance Premium Ceded (XOF Billion), 20122021
Figure 37: Togolese Life Insurance Percentage of Reinsurance Ceded (%), 20122021
Figure 38: Togo Insurance Supervision and Control at Various Levels
Figure 39: Togo Insurance Regulatory Frameworks for Company Registration and Operation

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