Ethiopian insurance market

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Identity

Population: 112 079 000 inhabitantsEthipia flag
PIB : 95.913 billion USD
GDP per inhabitant: 771 USD
GDP growth rate: 8.36%
Inflation rate: 15.8%

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

The ethiopian insurance market: main indicators

 30/06/2019
Turnover305.166 millions USD
Penetration rate0.32 %
Insurance density2.7 USD

Structure of the ethiopian insurance market

Insurance and reinsurance companies
Composite
10
Non-life
8
Reinsurance
1
Total19

Data as of 31/12/2020 , Source: National Bank of Ethiopia

Supervisory authority
National Bank of Ethiopia
www.nbebank.com
Professional body
Association of Ethiopian Insurers (AEI)
www.associationofethiopianinsurers.com

The ethiopian insurance market: evolution of premiums

Figures in million USD
Activities201720182019
Non-life
-180.445171.854
Life
-119.256133.312
Total462.907299.701305.166

Source: National Bank of Ethiopia

Exchange rate as at 31/12/2017: 1 ETB = 0.04272 USD ; at 31/12/2018: 1 ETB = 0.03584 USD ; at 31/12/2019: 1 ETB = 0.03404 USD

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Wed, 16/02/2022 - 14:45
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