Insurers.globalAfrica

10 classes

What insurers are licensed to write

Each of the 1,237 entities carries one licence class as recorded by its supervisor, or inferred from its name where the register does not state one (the EIOPA register for EU/EEA undertakings). Composite licences, which allow both life and non-life business, survive mainly in markets that have not yet mandated separation.

Code G

General (Non-life)

519 entities in 45 of 54 countries

Short-term property, casualty, motor, marine and other non-life covers.

Code L

Life

311 entities in 35 of 54 countries

Long-term life assurance, annuities, pensions and savings products.

Code C

Composite

126 entities in 26 of 54 countries

Licensed to write both life and non-life business under one entity.

Code R

Reinsurer

82 entities in 27 of 54 countries

Carriers that accept risk ceded by primary insurers.

Code T

Takaful / Islamic

53 entities in 12 of 54 countries

Sharia-compliant risk-sharing operators (takaful, participation and retakaful).

Code U

Not stated in register

44 entities in 10 of 54 countries

The source does not establish a class of business for this entry.

Code M

Microinsurer

34 entities in 8 of 54 countries

Low-premium covers for low-income households and small businesses.

Code X

Specialty / Credit / Captive

31 entities in 10 of 54 countries

Credit, trade, legal-expenses, captive, agricultural, statutory-scheme or other specialist carriers.

Code H

Health / Medical

20 entities in 10 of 54 countries

Medical, health and hospital cash insurers licensed separately from life.

Code F

Funeral / Assistance

17 entities in 4 of 54 countries

Funeral, assistance and burial benefit providers.