Insurers.globalAfrica

9 classes

What insurers are licensed to write

Each of the 886 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)

372 entities in 38 of 50 countries

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

Code L

Life

236 entities in 29 of 50 countries

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

Code C

Composite

125 entities in 32 of 50 countries

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

Code R

Reinsurer

58 entities in 21 of 50 countries

Carriers that accept risk ceded by primary insurers.

Code T

Takaful / Islamic

30 entities in 10 of 50 countries

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

Code M

Microinsurer

26 entities in 4 of 50 countries

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

Code F

Funeral / Assistance

14 entities in 2 of 50 countries

Funeral, assistance and burial benefit providers.

Code X

Specialty / Credit / Captive

14 entities in 8 of 50 countries

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

Code H

Health / Medical

11 entities in 6 of 50 countries

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