Angola Insurance Market Assets Exceed 2 Trillion Kwanzas

• The Angolan insurance market has surpassed 2 trillion kwanzas in assets and liabilities.
• Insurance companies' total assets reached 1.013 trillion kwanzas (approximately US$ 1.11 billion) in 2025, a 27% increase from the previous year.
• Investments by insurance companies and pension funds increased by 12% to 462.5 billion kwanzas in 2025.
• The sector faces challenges such as low insurance penetration, but opportunities lie in economic growth and digitalization.

The Angolan insurance market has experienced significant growth, with assets exceeding 2 trillion kwanzas. This surge can be attributed to the increasing investments by insurance companies and pension funds, which reached 462.5 billion kwanzas in 2025, a 12% increase over the previous year. The total assets of insurance companies also saw a notable rise, reaching 1.013 trillion kwanzas (approximately US$ 1.11 billion) in 2025, representing a 27% increase compared to the previous year. This growth has not only contributed to economic development but also created new professional opportunities, with over 2,805 new insurance intermediaries entering the market.

Despite the growth, the sector still faces significant challenges, including low insurance penetration. According to Filomena Manjata, Chair of the Board of Directors of ARSEG, the main obstacles are increasing insurance penetration, boosting consumer confidence, fostering technological innovation, and developing more inclusive products. However, opportunities lie in economic growth and digitalization, as seen in the 130% surge in new insurance intermediaries registered in 2025. Other areas with potential for growth include micro-insurance, the expansion of compulsory insurance, and strengthening financial inclusion.

The Angolan Insurance Regulation and Supervision Agency (ARSEG) plays a crucial role in overseeing the industry. ARSEG's Chair, Filomena Manjata, emphasized the importance of responsible risk management and prudent investment strategies. The agency's efforts are also reflected in the commemoration of National Insurance and Pension Funds Day, which marks the establishment of the Insurance Industry Coordination Commission in Angola (CCISA). This milestone highlights the government's commitment to regulating and developing the insurance sector.

Lawyers advising clients on insurance matters in Angola should note the growing assets of the market, which may impact investment strategies and risk management decisions. Additionally, they should be aware of the sector's main challenges, including low insurance penetration and boosting consumer confidence.

Source: Original reporting via AllAfrica Angola