Gabon insurance market
Identity
| Population : 2 225 734 inhabitants |  |
| GDP : 15.593 billions USD | |
| GDP per inhabitant : 7006 USD | |
| GDP growth rate : -1.3% | |
| Inflation rate : 1.2% |
Data as of 31/12/2019, Source : World Bank
The Gabonese insurance market: main indicators
| 2020 | |
| Turnover | 194.93 millions USD |
| Penetration rate | 1.25% |
| Insurance Density | 87.58 USD |
Structure of the Gabonese insurance market
Non life companies | 6 |
Life companies | 4 |
Reinsurance companies | 1 |
| Total | 11 |
General agents | 8 |
Insurance brokers | 28 |
Total | 36 |
Data as of 31/12/2019, Source: Atlas Magazine & FANAF
Ministry of Economy and Finance - National Insurance Department | www.minefcovid19.ga |
Fédération gabonaise des Sociétés d’Assurances | ww.fegasagabon.wixsite.com/gabon |
The Gabonese insurance market: evolution of premiums
Figures in million USD| Activities | 2016 | 2017 | 2018 | 2019 | 2020 |
Non life | 138.48 | 140.33 | 128.01 | 136.75 | 153.17 |
Life | 31.58 | 41.56 | 35.64 | 35.61 | 41.76 |
| Total | 170.06 | 181.89 | 163.65 | 172.36 | 194.93 |
Exchange rate as at 31/12/2016 : 1 FCFA = 0.00161 USD ; au 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 ; as at 31/12/2020 : 1 FCFA = 0.00187 USD
Read also | Gabonese insurance companies
