Burundi insurance market
Identity
| Population: 11 530 500 inhabitants |  |
| PIB : 3.012 billion USD | |
| GDP per inhabitant: 261 USD | |
| GDP growth rate: 1.8% | |
| Inflation rate: -0.7% |
Data as of 31/12/2019, Source: World Bank
The burundian insurance market: main indicators
| 2019 | |
| Turnover | 28.796 millions USD |
| Penetration rate | 0.95% |
| Insurance density | 2.5 USD |
Structure of the burundian insurance market
Composite | 1 |
Non-life | 8 |
Life | 5 |
| Total | 14 |
Insurance brokers | 25 |
Authorized agents | 354 |
| Total | 379 |
Data as at 31/12/2019 , Source: Agence de régulation et de Contrôle des Assurances (ARCA)
Agence de régulation et de Contrôle des Assurances (ARCA) | www.arca.bi |
Association des Assureurs du Burundi | |
The burundian insurance market: evolution of premiums
Figures in million USD| Activities | 2015 | 2016 | 2017 | 2018 | 2019 |
Non-life | 16.206 | 14.690 | 14.607 | 15.970 | 17.147 |
Life | 7.045 | 7.102 | 8.135 | 9.556 | 11.649 |
| Total | 23.251 | 21.792 | 22.742 | 25.526 | 28.796 |
Source: Agence de régulation et de Contrôle des Assurances (ARCA)
Exchange rate as at 31/12/2015: 1 BIF= 0.00063 USD ; at 31/12/2016: 1 BIF= 0.00059 USD ; at 31/12/2017: 1 BIF= 0.00056 USD ; at 31/12/2018: 1 BIF= 0.00055 USD ; at 31/12/2019: 1 BIF= 0.00053 USD
