In Madagascar, insurance has yet to become a deeply ingrained habit for the general population. While mandatory motor third-party liability insurance is relatively well-known, other forms of coverage remain largely unfamiliar. Individuals, families, students, businesses, and farmers can all benefit from various offerings, yet a lack of information and the cost of premiums remain the primary barriers to subscription.
According to Toni Andry, head of the specific client department at Ny Havana, the public is still largely unaware of the available options. Civil liability insurance can cover individuals, families, businesses, employees, students, and interns. Other contracts also cover housing, agricultural activities, and various types of damages.
However, price remains an obstacle for many households. School civil liability insurance can cost around 5,000 ariary, depending on the contract, while personal civil liability insurance can reach approximately 30,000 ariary. These costs, added to existing financial burdens, reduce interest in such protection. “For us, it’s not really necessary because we already have many expenses and cannot always afford to set money aside each month,” says Mirana.
For industry professionals, insurance represents essential protection against the financial consequences of potential disasters. “Insurance is an investment in the future,” one expert explains. For property insurance, however, compensation depends on the guarantees stipulated in the contract and the terms of coverage.
The lack of awareness regarding available products remains a major challenge. Insurance is often associated solely with cars, even though coverage options are much broader. Housing, agricultural activities, civil liability, and investment protection can all be covered by specific contracts. As for the insurance company Aro, no further information could be obtained for this article. The sector still needs to improve public awareness regarding proposed guarantees, costs, and subscription conditions. Insurance is not just for motorists; not owning a car does not mean one does not need insurance.
Captured & Published at: 2026-10-01 06:23:49 (Madagascar Local Time EAT)
Original Source: https://www.lexpress.mg/2026/10/assurance-la-souscription-reste-faible.html
