The INSS regime provides social-security benefits to eligible private-sector workers and their families according to contribution and insured status. The listed benefits include illness, maternity, disability, old age, death, work-related accidents and occupational diseases, medical and medicine support, family allowances, evacuation and funeral assistance. Guinea-Bissau has no evidence-based unemployment benefit in the researched system. Public-sector employees follow a separate pension system that is described as weaker, while social protection remains concentrated in formal employment. The INSS portal reports more than 2,300 contributors, more than 20,600 beneficiaries and more than 4,300 pensioners, as well as more than 8,800 aggregated records. INSS contributions amount to 22% of gross pay: employees contribute 8% and employers 14%. Employers also pay an additional 2% to 10% for work accidents and occupational diseases, depending on the activity sector. The private insurance market is supervised through Guinea-Bissau's national financial authorities and the regional CIMA framework. DGSAFS-DNA under the Ministry of Finance monitors the market, while CRCA provides regional oversight. Guinea-Bissau has been a CIMA member since 2002 and ratified the relevant treaty in 2007. The CIMA Code governs insurance contracts, liability, fire, agricultural, personal and life insurance, intermediaries and reinsurance. An insurer may operate only after receiving the required branch-specific authorization, and brokers and agents must be authorized. Products evidenced in Guinea-Bissau include Seguro Automóvel Obrigatório, optional motor insurance, Seguro Automóvel CEDEAO, travel assistance, travel-health cover, civil-liability insurance, fire insurance, credit guarantees, marine-hull insurance and cargo-transport insurance. Distribution is documented through Guinebis agencies, BAO branches, Mounas and an authorized agent in São Domingos. The available research does not reliably establish a broad market for standalone private health, life or home-insurance portfolios. Informal family or mutual support is not treated as insurance without reliable evidence of a direct formal equivalent. Motor-vehicle liability insurance is mandatory for vehicles, trailers and semi-trailers. The cover applies across CIMA territories, and the vehicle must carry an attestation and detachable certificate, with the certificate displayed as required. The CEDEAO product is a separate cross-border cover. For other policies, compare the insured risk, sum insured, exclusions, deductible, premium, payment terms, territorial scope, start and end dates, renewal and cancellation rules. A CIMA policy should identify the parties, insured person or property, covered risks, guarantee amount, premium, payment terms, renewal and termination rules, insured duties, claim procedure, payment deadline, damage valuation and prescription period. No current public tariff was located for general products, although CIMA Article 212 provides a mandatory motor-insurance minimum tariff. Notify the insurer promptly after a loss and preserve relevant evidence, such as police records, medical documents, invoices and expert reports. For motor bodily-injury claims, the insurer's offer may be due within a maximum of 12 months after the accident, or within 8 months after death in a fatal case. Contract actions generally have a two-year prescription period, while beneficiaries' actions concerning life or death benefits have a ten-year period. Some listed exceptions cannot be used against an injured third party who is entitled to payment. INSS reimbursement, pension and funeral applications have documented online workflows, but the portal indicates that some functions are still marked “Brevemente Disponível”. Report a material change or aggravation of the insured risk and follow the policy and the CIMA rules on duration, renewal, cancellation and termination after a claim. Exact notice periods depend on the policy, so obtain written confirmation of any endorsement or cancellation. Unpaid premiums, exclusions and termination consequences follow the contract and applicable law. A complaint normally proceeds from the insurer to DGSAFS-DNA or the Ministry of Finance and, where appropriate, to CIMA or CRCA.
Insurance in Guinea-Bissau
Insurance in Guinea-Bissau combines the INSS social-security regime with an established but small private market under the CIMA framework. The social-security system covers eligible private-sector workers and their families for risks including illness, maternity, disability, old age, death and occupational accidents. Private products include mandatory motor-liability insurance, travel cover, civil liability, fire, cargo and marine insurance.
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