Central African Republic insurance market

Identity

Population : 4 745 000 inhabitantsCentral Africa Republic drapeau
GDP : 2.22 billions USD
GDP per inhabitant : 468 USD
GDP growth rate : 3%
Inflation rate : 2.7%

Data as of 31/12/2019, Source : World Bank

The central african insurance market: main indicators

 2019
Turnover9.576 millions USD
Penetration rate0.43%
Insurance Density2 USD

Data as of 31/12/2019, Source : FANAF

Structure of the central african insurance market

Insurance companies
Non life companies
1

Data as of 31/12/2019, Source: FANAF

Supervisory authority
Ministry of Finance and Budget Department of Financial, Monetary, Insurance and Microfinance Affairs
www.finances.gouv.cf

The central african insurance market: evolution of premiums

Figures in million USD
Activities20152016201720182019
Non life
5.1777.0848.4188.8749.234
Life
-0.322-0.3480.342
Total5.1777.4068.4189.2229.576

Exchange rate as at 31/12/2015 : 1 FCFA= 0.00167 USD ; as at 31/12/2016 : 1 FCFA = 0.00161 USD ; as at 31/12/2017 : 1 FCFA= 0.00183 USD ; as at 31/12/2018 : 1 FCFA= 0.00174 USD ; as at 31/12/2019: 1 FCFA = 0.00171 USD

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