Research and Markets: The Insurance Industry in Togo, Key Trends and Opportunities to 2017

Business Wire

DUBLIN--(BUSINESS WIRE)--

Research and Markets (http://www.researchandmarkets.com/research/hqrldz/the_insurance) has announced the addition of the "The Insurance Industry in Togo, Key Trends and Opportunities to 2017" report to their offering.

The Togolese insurance industry is small and relatively underdeveloped when compared to other countries with more mature economies. The overall gross written premiums registered a review-period CAGR of 16.6%. According to the Federation of Insurance Companies Law National African (FANAF) 2012 report, the Togolese insurance industry was ranked eighth in terms of insurance sales turnover with a market share of 3.9% among the 16 countries in the federation.

There were 14 insurance companies operating in the Togolese insurance industry at the end of 2011. Of these, seven were non-life insurers, five were life insurers and two were reinsurers. The industry is regulated and supervised by the Inter-African Conference of Insurance Markets (CIMA).

Key Highlights

  • The Togolese insurance industry is small and relatively underdeveloped when compared to other countries with more mature economies
  • The non-life segment accounted for the largest share of 45.2% of the total insurance written premium value in 2013
  • Review-period demand for health insurance products was driven by the establishment of the National Health Insurance Scheme for Togolese civil servants by the ILO in February 2011
  • Togo's population is an important driver for industry growth; a trend that is expected to continue over the forecast period
  • The Togolese insurance industry is small and concentrated with the three-leading competitors in both the life and non-life segment commanding key shares

Key Topics Covered:

1 Executive Summary

2 Introduction

3 Togolese Insurance Industry Overview

4 Industry Segmentation

5 Competitive Landscape

6 Economic Indicators

7 Appendix

For more information visit http://www.researchandmarkets.com/research/hqrldz/the_insurance

Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Insurance

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