The Angolan Government aims to make the mining sector more diversified and less reliant on diamond exploration activities, stated the Director of the Office of Studies, Planning, and Statistics at the Ministry of Mines, Petroleum and Gas in Luanda yesterday.
Alexandre José Garret, who opened the II Safe Life in Mining Forum, part of the conferences at the 38th edition of FILDA 2023, mentioned that this vision of the Government is part of the program called the National Geological Plan (PlanoGeo). This plan demonstrates that the country has a strong potential for the exploration of various mineral resources, such as different types of rocks, gold, iron miners, and copper.
“This vision is embodied in the National Development Plan 2023/2027, still under approval, as well as in the long-term strategy for 2050, also under discussion,” he said.
Alexandre Garret, representing Minister Diamantino Azevedo, indicated that achieving the Government’s vision requires the promotion of other mining-related activities.
He added that the realization of this plan can only be achieved through sustainable exploration, by valuing human capital, particularly the national workforce, within a framework of aligned and practical measures.
According to Alexandre Garret, life insurance in the mining sector is of great importance to both the sector and Angolan society.
Flávio Guilherme, the head of the Insurance Department at ARSEG, said that life insurance in the Angolan mining sector is still relatively unknown. He pointed out that there is still little participation from mining companies regarding this matter.
“Life insurance in the mining sector represents between 2 and 3.0 percent of participation. However, gradually, some companies have shown interest in providing life insurance for their workers,” he said.
In general, he affirmed that there are other insurance products that companies can subscribe to. “Life insurance has many benefits for workers’ families, providing comfort and security to them. Its mission is to protect the lives of workers and their families, especially in the absence of the policyholder,” he explained.
He emphasized that life insurance is focused on ensuring the continuity of families’ incomes for their well-being and overall protection.
Growing demand for insurance
According to Flávio Guilherme, the interest of companies in subscribing to insurance has grown to 8 percent, compared to the 3 percent observed in 2021.
“There is increasing interest from companies in subscribing to life insurance, and when compared to non-life insurance, we can see that this sector is gaining significance,” he highlighted.
Marcos Celestino, the responsible for the Insurance area at Sociedade Catoca, stated that life insurance is designed to support families after the death or disability of the policyholder.
“This insurance is aimed at supporting families after the death or disability of the policyholder. Sociedade Catoca has specific capital to assist with partial and permanent disability. Additionally, we have capital for cases of death,” he said.
