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Insurance Industry in Chad, Key Trends and Opportunities to 2018 - New Report Available

New Insurance market report from Timetric: "Insurance Industry in Chad, Key Trends and Opportunities to 2018"

 

Boston, MA -- (ReleaseWire) -- 05/14/2014 -- The Chadian insurance industry is small, with just two companies serving a population of 11.2 million in 2013, and less developed than in other Sub-Saharan countries such as Cameroon and Cote d'Ivoire. However, the Chadian insurance industry grew from XAF8.73 billion (US$18.5 million) in 2009 to XAF9.58 billion (US$19.4 million) in 2013, at a review-period (2009-2013) CAGR of 2.3%. This was partially due to the strong performance of the personal accident and health segment, and the strength of the Chadian economy.

Report Highlights

- The Chadian insurance industry grew from XAF8.73 billion (US$18.5 million) in 2009 to XAF9.58 billion (US$19.4 million) in 2013, at a CAGR of 2.3%.
- Non-life insurance was the largest segment in the industry, accounting for 68.8% of the total gross written premium in 2013.
- Favorable regulation supports overall insurance industry growth.
- High levels of poverty discourages insurance sales.
- The Chadian insurance industry is regulated by the DFEO, under the Ministry of Finance.
- The Chadian insurance industry is oligopolistic in nature, and more concentrated than other countries in the Sub-Saharan region. Only two insurance companies, National Star SA and Societe Africaine d'Assurance et de Reassurance (SAFAR), operate.

View Full Report Details and Table of Contents

Report Scope

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

- It provides historical values for the Chadian insurance industry for the report's 2009-2013 review period and forecast figures for the 2013-2018 forecast period.
- It offers a detailed analysis of the key segments and categories in the Chadian insurance industry, along with forecasts until 2018.
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions.
- It profiles the top insurance companies in Chad, and outlines the key regulations affecting them.

Reasons to Get this Report

- Make strategic business decisions using in-depth historic and forecast industry data related to the Chadian insurance industry and each segment within it.
- Understand the demand-side dynamics, key trends and growth opportunities within the Chadian insurance industry.
- Assess the competitive dynamics in the Chadian insurance industry.
- Identify the growth opportunities and market dynamics within key segments.
- Gain insights into key regulations governing the Chadian insurance industry and its impact on companies and the industry's future.

Companies Mentioned in this Report: National Star SA, Societe Africaine d'Assurance et de Reassurance (SAFAR),

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