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News from Angola – Fidelidade Angola has been present throughout the country since June this year and is a leader in the motor insurance sector, with more than 30 physical points of sale and a dedicated sales force network of more than 1,000 experts.
As of the 2023 fiscal year, the company’s gross premium income amounted to 46,698.6 million kwanzas, an increase of 26.9% over the previous year.
According to a press release obtained today by Angolan newspaper Notícias, the company has achieved growth in several indicators and continues to maintain its leading position in the automotive sector, with 24.24%, with more than 130,000 customers and nearly 100,000 cars using Fidelidade Mobility Insurance.
Fidelidade positions itself as the third largest insurance company in the country, occupying third place in the health and work accident sectors, with market shares of 14.13% and 12.53%, respectively.
In terms of development, Fidelidade therefore continues to invest in its innovation strategy and digital presence. Among other milestones, we highlight the recent launch of the online recruitment simulator (automotive, life and work accident sectors), the reserved customer area and the myFidelidade app.
In Angola, the insurance broker has more than 200 years of operating history on an international scale and for twelve years has provided a range of services with a focus on motor, health, life, work accident, multi-risk, transport cargo and others.
To support its ambitions and initiate future next steps, Fidelidade Angola has established a new management structure, led by Antonio Noronhais the new Chairman of the Board. He has more than 40 years of experience in the banking and insurance sectors and has been a Director of the Fidelidade Group since 2007.
Senior leadership also consists of Luis AlvesCurrent Executive Director, now appointed Chairman of the Executive Committee. With over 35 years of experience in the insurance industry and in the aid and health sectors, he has led several international businesses of the Fidelidade Group. From 2021 to 2024, he served as Executive Director of Fidelidade Angola, responsible for Finance, Investments, Information Systems, Operations and Legal.
They also integrated this new structure Jessica von Haffcurrently Marketing Director, is appointed Executive Administrative Officer; Elizabeth Isidoro, a successful businesswoman, becomes the new Non-Executive Director and Manuel Brandão is appointed Independent Director, in accordance with the new Law on Insurance Activities.
in turn, Enrique de Sousa and Andre Cardozomaintain the functions of the board members.
With the new appointments, José Alvarez Quintero, Chairman of the Board, Armando Mota, Chairman of the Executive Committee, and Jaime de Freitas and Luis Marques, members of the Board, no longer hold their positions.
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