The Angolan Agency for Insurance Regulation and Supervision and the Gaming Supervision Institute have issued a joint circular requiring prior authorization for raffles, contests and other random prize mechanisms used for advertising or promotional purposes in the insurance and pension funds sector. The requirement applies to insurers, reinsurers, pension fund management companies, insurance intermediaries and brokers that award prizes wholly or partly through a draw or similar mechanism to promote products or brands. Covered entities must obtain authorization from the Gaming Supervision Institute before conducting these promotions and ensure compliance with applicable law.
2026-09-23Angola Insurance Authority (ARSEG)
Angolan Agency for Insurance Regulation and Supervision and Gaming Supervision Institute require prior authorization for insurance and pension promotional prize draws
Insurance and pension sector firms must obtain prior authorization from the Gaming Supervision Institute for promotional raffles, contests and other random prize mechanisms. The requirement covers insurers, reinsurers, pension fund managers, insurance intermediaries and brokers.