Angola's Ministry of Finance, speaking through Secretary of State Ottoniel dos Santos at the opening of ARSEG’s first ARSEG Conecta conference on insurance mediation, framed the insurance sector as part of the country’s macrofinancial architecture and pointed to the recently approved Insurance Mediation and Brokerage Law as a central plank of financial-sector reform. He cited insurance penetration of around 0.6% of GDP as evidence of significant headroom for growth, and reported 4,963 individual and 75 corporate intermediaries. Mediated premiums totalled AOA 77.7 billion in 2025, largely in non-life lines, with health, miscellaneous, accident and motor insurance among the largest segments, while the life segment was described as comparatively underdeveloped. The law was presented as raising professionalisation and qualification requirements, introducing professional civil liability, enabling microinsurance, integrating bancassurance, and strengthening consumer protection, alongside an emphasis on microinsurance for financial inclusion, deeper bank-insurance linkages, and reinforced risk-based supervision. ARSEG’s chair Filomena Manjata echoed the low penetration rate and argued that reforms require sustained implementation, including ethics and transparency, fair competition across distribution channels, responsible innovation by insurers, and firm, technical, proportionate supervision, while positioning ARSEG Conecta as a standing forum for technical dialogue and joint problem-solving for the insurance sector.

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