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Investment to Rise as Angola Exits Pandemic, Insurance Reform Expected


Grace Goodrich, Field Editor
January 29, 2021
While the Angolan insurance sector retains a relatively low penetration rate with limited ability to service large and special risk – including large-scale oil and gas projects – local insurance companies are working to counter this by expanding their financial capacities.
Tiago Dá Mesquita, CEO of Aon Angola – a leading global provider of risk management, insurance and reinsurance brokerage – speaks to Africa Oil & Power about the post-COVID-19 pathway to a more robust domestic insurance industry.
What is the current outlook for the insurance sector in Angola?
The insurance market goes hand-in-hand with the markets whose risks it covers. When the [insured] markets rise, so does the outlook for the insurance market, and vice versa. Despite the existence of multiple waves of COVID-19 in different countries, the advent of vaccines will progressively bring about the recovery of ....

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