ARSEG Expands Insurance Coverage to Angolan Agricultural Sector

• ARSEG seeks to expand insurance coverage to Angola's agricultural sector to protect rural families and businesses against climate-related risks.
• The agency has been implementing structural reforms to modernize the regulatory framework and strengthen prudential supervision.
• Gross premium production reached 578.5 billion kwanzas in 2025, demonstrating the sector's growth potential.
• Market solvency levels remain adequate, underscoring the sector's financial robustness.

By expanding insurance coverage to new entrepreneurs, ARSEG aims to ensure continuity of economic activity despite adverse shocks.

ARSEG's Chair, Filomena Manjata, emphasized the importance of expanding insurance coverage to the agricultural sector at the first International Insurance and Pension Funds Fair (FISP). The event was organized by Eventazul group in Luanda. Manjata highlighted that extending insurance to new entrepreneurs is one of the main challenges facing the sector in Angola. This challenge can be mitigated by providing protection against climate-related risks for rural families and businesses. By expanding insurance coverage, ARSEG aims to ensure continuity of economic activity despite adverse shocks. The agency has been implementing structural reforms to modernize the regulatory framework and strengthen prudential supervision.

The Ministry of Finance, through ARSEG, has been working on a comprehensive overhaul of the insurance sector's regulatory framework. This effort includes improving corporate governance, fostering a transparent environment, and promoting competition. The reforms aim to enhance the operational capacity of supervised entities and increase insurance penetration in the economy. As a result, gross premium production reached 578.5 billion kwanzas in 2025, demonstrating the sector's growth potential. Market solvency levels remain adequate, underscoring the sector's financial robustness and the effectiveness of the current prudential framework.

The expansion of insurance coverage to the agricultural sector has significant implications for rural families and businesses in Angola. By providing protection against climate-related risks, ARSEG can help mitigate the impact of adverse shocks on the economy. This development is particularly relevant given the country's pension fund system, which managed assets totaling approximately 1.2 trillion kwanzas as of 2025. The growth potential of the sector is substantial, with over 120,000 participants and beneficiaries covered by the pension funds. As the formalization of the economy and expansion of social security coverage continue, the insurance sector's role in ensuring economic continuity becomes increasingly crucial.

Lawyers advising clients on agricultural investments in Angola should watch for the potential expansion of insurance coverage, which could mitigate climate-related risks and provide an additional layer of protection for rural families and businesses.

Source: Original reporting via ANGOP