The Health insurance market in Angola has been witnessing significant growth and development in recent years. Customer preferences in the Angolan health insurance market are shifting towards more comprehensive coverage options that include a wide range of medical services. Customers are increasingly looking for plans that not only cover basic healthcare needs but also offer additional benefits such as access to specialized treatments and facilities. Trends in the market indicate a growing demand for health insurance products that cater to specific demographics, such as plans tailored for young professionals, families, or senior citizens. Insurers in Angola are also focusing on digitalization and offering online platforms for easy access to information, policy management, and claims processing. Local special circumstances in Angola, such as an increasing awareness of the importance of health insurance, a rising middle class with disposable income, and a growing private healthcare sector, are contributing to the expansion of the health insurance market. Additionally, regulatory changes and government initiatives to promote universal healthcare coverage are driving the growth of the insurance industry in the country. Underlying macroeconomic factors, including a stable economic outlook, a growing population with a rising life expectancy, and increasing urbanization rates, are creating opportunities for health insurance providers in Angola. As the healthcare infrastructure improves and medical costs continue to rise, the demand for health insurance is expected to increase, leading to further market development and innovation in the sector.
Data coverage:
Data encompasses B2B and B2C enterprises. Figures are based on gross written premium, gross written premium per capita, gross claim payments, loss ratio, and distribution channels.Modeling approach / Market size:
Market sizes are determined by a Bottom-Up approach, based on a specific rationale for each market layer. As a basis for evaluating markets, we use industry associations, national statistic offices, and international organizations, such as OECD. Next we use relevant key market indicators and data from country-specific associations such as insurance consumer spending, gross domestic product, insurance - consumer price index (CPI), population growth. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing and HOLT-linear. The main drivers are insurance consumer spending and insurance - consumer price index (CPI).Additional Notes:
The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
