The Chadian insurance market
Insurance market features
- Regulatory authority: Ministry of Finance
- Premiums (2004): 11.495 million USD
- Insurance density (2004): 1.18 USD
- Penetration rate (2004): 0.25%
Market structure in 2004
Actors | Number |
---|---|
Insurance companies | 2 |
Brokers | 2 |
General agent | 1 |
Identity
- Area: 1.284 million Km2
- Population (2004): 9.7 million inhabitants
- GDP (2004): 4.628 billion USD
- GDP per capita (2004): 477 USD
- GDP growth rate (2004): 29.8 %
- Inflation rate (2004): 13.4%
- Main economic sectors: oil, agriculture (cotton, peanuts, rice, tobacco), livestock, fish, textiles, construction materials
Major towns
(in number of inhabitants)
- Ndjamena (capital): 800 000
- Sarh: 600 000
- Moundou: 500 000
Main economic indicators: 2000-2004
in USD2000 | 2001 | 2002 | 2003 | 2004 | |
---|---|---|---|---|---|
GDP | 1 427 000 000 | 1 654 000 000 | 2 231 000 000 | 2 898 000 000 | 4 628 000 000 |
GDP per capita | 198 | 204 | 269 | 337 | 477 |
Insurance density | 0.68 | 0.72 | 0.98 | 1.22 | 1.18 |
Penetration rate | 0.34% | 0.35% | 0.36% | 0.36% | 0.25% |
Turnover evolution: 2000-2004
in millions USDGross premiums | 2000 | 2001 | 2002 | 2003 | 2004 | 2003/2004 growth rate |
---|---|---|---|---|---|---|
Non life | 4.8 | 5.7 | 7.9 | 10.3 | 11.0 | +8.57% |
Life | 0.1 | 0.1 | 0.2 | 0.2 | 0.4 | |
Total | 4.9 | 5.8 | 8.1 | 10.5 | 11.4 |
Premiums split by class of business*: 2003-2004
in millions USD2003 | % | 2004 | % | |
---|---|---|---|---|
Non life | ||||
Motor | 4.7 | 45% | 4.4 | 39% |
Fire | 1.4 | 13% | 1.7 | 15% |
Accidents & Health | 1.8 | 17% | 1.7 | 15% |
Other risks | 0.7 | 7% | 1.4 | 13% |
Marine | 1.2 | 12% | 1.3 | 11% |
GTPL | 0.3 | 3% | 0.3 | 3% |
Non life total | 10.1 | 97% | 10.8 | 96% |
Life | ||||
Life total | 0.3 | 3% | 0.5 | 4% |
Grand total | 10.4 | 100% | 11.3 | 100% |
Loss ratio non-life & life: 2000-2004
2000 | 2001 | 2002 | 2003 | 2004 | |
---|---|---|---|---|---|
Non life loss ratio | 46% | 30% | 34% | 60% | 43% |
Life loss ratio | 13% | 78% | 147% | 337% | 190% |
Life & non life loss ratio | 45% | 32% | 37% | 68% | 49% |
Exchange rate USD/XOF as at 31/12 | 2000 | 2001 | 2002 | 2003 | 2004 |
696 | 740 | 625 | 522 | 481 |
Source: FANAF - African insurance markets : 2000 - 2004 figures
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Wed, 15/05/2013 - 11:33
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