The Angola Insurance Authority has published a summary of its 2025 sectoral terrorist financing risk assessment for the insurance and pension fund sectors. It found that both sectors remain at low risk, in line with Angola's national risk assessment. The insurance sector was assessed at 0.20 and the pension fund sector at 0.14, with medium-low threat levels offset by low overall vulnerabilities. For insurance, the assessment found no recorded terrorism cases or suspicious terrorist financing operations involving the sector during the period reviewed. Cash use was limited relative to total gross written premiums of about Kz 586.9 billion, and exposure to high-risk jurisdictions was described as limited, although some senior function holders came from Mozambique and Lebanon and some policies were sold to customers from Mozambique, Nigeria, Lebanon and the Democratic Republic of the Congo. ARSEG linked stronger control scores to its rollout of risk-based supervision, updated supervision tools, fit and proper reviews and compliance improvements, but it also identified weak suspicious transaction monitoring, uneven use of automated sanctions screening and the need for more compliance staff and technology. For pension funds, the assessment likewise found no identified terrorist financing cases, no cash transactions and no payments abroad, which supported the low-risk outcome. Remaining weaknesses included the need for all pension fund managers to have registered compliance officers, complete institutional risk assessments, strengthen sanctions screening capabilities and improve reporting of suspicious transactions or confirmations that none were identified. ARSEG said it has prepared concrete action plans for each sector and will continue implementing risk-based supervision and sector-specific mitigation initiatives.

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