Press release
Insurance Industry in Togo : Trends, Analysis, Growth and Status 2017
Timetrics 'The Insurance Industry in Togo Key Trends and Opportunities to 2020' report provides a detailed analysis of 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 (20112015) and forecast periods (20152020).
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The report also gives a comprehensive overview of Togolese economy and demographics, and provides detailed information on the competitive landscape in the country. It also includes the impact of natural hazards on the insurance industry.
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 2020' report provides in-depth market analysis, information and insights into Togo insurance industry, including:
An overview of Togolese insurance industry
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
Detailed regulatory policies of the Togolese insurance industry
An analysis of natural hazards in the Togolese insurance industry
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Scope
This report provides a comprehensive analysis of the insurance industry in Togo:
It provides historical values for Togolese insurance industry for the reports 20112015 review period, and projected figures for the 20152020 forecast period.
It offers a detailed analysis of the key segments in Togolese insurance industry, with market forecasts to 2020.
It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.
It profiles the top insurance companies in Togo, and outlines the key regulations affecting them.
It covers the economy and demographics structure of Togo.
It analyzes the impact of natural hazards in Togolese insurance industry.
Reasons To Buy
Make strategic business decisions using in-depth historic and forecast market data related to Togolese insurance industry and each segment and category within it.
Understand the demand-side dynamics, key market trends and growth opportunities in Togolese insurance industry.
Assess the competitive dynamics in Togolese insurance industry.
Identify the growth opportunities and market dynamics in key segments.
Gain insights into key regulations governing Togolese insurance industry and their impact on companies and the industry's future.
Key Highlights
The Togolese insurance industry is small; there were 12 insurers (five life insurers and seven general insurers) operating in the industry in 2014.
Life insurance was the largest segment, which accounted for 44.4% of the industry's gross written premium in 2015.
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There is an increasing role of international trade in Togo due to the high current account deficit and debt burden. Cocoa, coffee and cotton generate 40% of export earnings; with the latter being the most important cash crop in Togo.
Flood is a major challenge for Togolese insurers, and is a key risk in terms of economic damage. The country has three large basins which make it vulnerable to flooding.
Growing healthcare expenditure and rising life expectancy were the key growth drivers of the personal accident and health insurance segment.
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