Ver Angola

Banking and Insurance

ASAN discusses implementation of VAT in the insurance sector in general meeting

The Association of Insurers of Angola (ASAN) held a general meeting to define the strategies of insurers for the coming months. The approval of VAT in the sector was one of the points discussed during the meeting.

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t the meeting, which was held by videoconference, several issues were discussed, including the implementation of VAT in the sector. In a communiqué sent to VerAngola, ASAN stated that the crucial points discussed at the meeting were "the negotiations with AGT for the implementation of VAT and the support to ARSEG in the preparation of the draft Decree Law on Goods Import Insurance".

ASAN also revealed that the assembly gave the green light to the Annual Report and the Plan of Activities and Budget for 2020 which foresees the implementation of the Motor Accident Friendly Declaration, which "will allow greater speed in the settlement of claims".

The election of the corporate bodies for the 2020-2022 triennium was also approved. According to the statement, "the Board of Directors will continue to be chaired by ENSA Seguros and the Vice-Presidency will be of Fortaleza Seguros".

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