Burkina Faso insurance market in 2022

In thousands
Class of business2022 turnover (1)2021 turnover (2)2021-2022 evolution (3)2022 shares
FCFAUSDFCFAUSD
Motor31 079 90750 66029 145 24950 4216.64%21.72%
Bodily injury and health19 051 66431 05417 592 99630 4368.29%13.32%
Fire and other property damage15 859 85625 85211 162 89519 31242.08%11.08%
Marine6 581 32810 7274 600 5687 95943.05%4.60%
Third party liability2 787 0784 5431 875 0203 24448.64%1.95%
Miscellaneous accident3 961 3346 4574 013 0886 942-1.29%2.77%
Acceptances (non life)569 960929340 84159067.22%0.40%
Total non life79 891 127130 22268 730 657118 90416.24%55.84%
Individual insurance33 668 89154 88029 203 71150 52215.29%23.53%
Group insurance29 261 10347 69626 765 89546 3059.32%20.45%
Acceptances (life)250 276408173 12930044.56%0.18%
Total life63 180 270102 98456 142 73597 12712.54%44.16%
Grand total143 071 397233 206124 873 392216 03114.57%100%

(1) Provisional figures
(2) Updated figures
(3) Growth rate in FCFA
Exchange rate as at 12/31/2022: 1 FCFA = 0.00163 USD; as at 31/12/2021: 1 FCFA = 0.00173 USD

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