The first life insurance and capitalization company serving individuals, companies and institutions was inaugurated on 6 May 2023.
Named VidaSEguros GE SA, the new company proposes life coverage for bank loans, funerals, life and death, among others.
VidaSEguros GE SA is expected to play a key role in the country’s economic development, notably through its participation in funding projects and the animation of the capital market, the promotion of national savings and job creation.
The insurance market in Equatorial Guinea now includes four companies dedicated to covering property and liability risks, eight insurance brokers and one life insurance company.
