Mozambique's Emose insurer sees 55% rise in claims amid post‑election unrest

State-owned insurer Empresa Moçambicana de Seguros (Emose) reported that its 2025 claim costs jumped 55.3% to €16.8 million, up from €10.8 million in 2024. The sinistrality ratio rose from 31.7% to 38.9%, turning the technical result from a €1.6 million profit to a €0.9 million loss.

Emose attributed the surge to the post‑election crisis that followed Mozambique’s 9 October 2024 general elections, which triggered months of protests, looting and clashes that left more than 400 dead. The biggest increases were in fire and natural‑event claims (over 1,400% rise) and in transport and general civil‑liability lines. Despite the turmoil, the insurer raised premium income by 42.8% to 3.456 billion meticais, expanding its market share from 10% to 13%. The company’s capital is held 39% by the Mozambican state and 31% by the Instituto de Gestão das Participações do Estado (IGEPE).