ENSA – Seguros de Angola explained

ENSA – Seguros de Angola S.A.
Former Name:Empresa Nacional de Seguros e Resseguros de Angola
Num Employees:Approx. 700
Location Country:Angola

ENSA – Seguros de Angola S.A. is the main insurance company in Angola.

History

ENSA was created in 1978 as Empresa Nacional de Seguros e Resseguros de Angola as (U.E.E.; Unidade Economica Estatal), and was later converted into a joint-stock company.[1]

In May 2013, the Standard Chartered bank entered a 60/40 partnership with the ENSA to develop its activities in Angola.[2] In August 2019, the Angolan government announced the privatization of approximately 195 state companies, including the ENSA,[3] [4] a move that had already been announced in 2013.[5]

Structure

The firm employs 700 people. ENSA works through 30 branch offices of its own, and sells its services at 54 post offices and one bank.

ENSA manages two companies:

ENSA claims to hold more than 50% of the Angolan insurance market.[6] In December 2018, ENSA held 38% of the insurance market shares in Angola.[7]

External links

Notes and References

  1. Web site: A ENSA. https://web.archive.org/web/20120125101852/http://www.ensa.co.ao/index.php?option=com_content&view=article&id=48&Itemid=74. 25 January 2012. 27 March 2012. dead.
  2. Web site: Standard Chartered Bank wants to open a branch in Mozambique in 2014. 2013-05-09. Macauhub. en-US. 2019-09-06.
  3. Web site: Most companies to be privatised in Angola will be sold in 2020. 2019-08-14. Macauhub. en-US. 2019-09-06.
  4. Web site: Angola: At Least 200 Firms to Be Privatized. 2019-08-13. allAfrica.com. en. 2019-09-06.
  5. Web site: Angola quer privatizar mais de 30 empresas até 2018. ANGONOTÍCIAS. 2019-09-06.
  6. Web site: NÚMEROS ENSA . 27 March 2012 . https://web.archive.org/web/20120125101608/http://www.ensa.co.ao/index.php?option=com_content&view=article&id=82&Itemid=75 . 25 January 2012 . dead .
  7. Web site: ENSA perde quota de mercado, mas continua líder com 38%. Martins. Estevão. mercado.co.ao. pt-PT. 2019-09-06.