Gambia insurance market
Identity
| Population: 2 280 092 inhabitants |  |
| GDP: 1.671 billion USD | |
| GDP per inhabitant: 733 USD | |
| GDP growth rate: 7.2% | |
| Inflation rate 6.5% |
Data as of 31/12/2018, Source: World Bank
Gambia insurance market: main indicators
| 2018 | |
| Turnover | 7.324 million USD |
| Penetration rate | 0.4% |
| Insurance density | 3 USD |
Read also | African insurance market
Gambia: insurance market structure
Non life | 8 |
Life | 1 |
Composite companies | 2 |
| Total | 11 |
Brokers | 10 |
General agents | 130 |
Total | 140 |
Data as of 31/12/2018, Source: Central Bank of the Gambia
Central Bank of The Gambia | www.cbg.gm |
Insurance Association of the Gambia (IAG) | lagebc [at] hotmail [dot] com |
Gambia insurance market: premium evolution
Figures in million USD| 2015 | 2016 | 2017 | 2018 | |
| Life and non-life premiums | 6.494 | 6.165 | 5.511 | 7.324 |
Source : Central Bank of the Gambia
Exchange rate as at 31/12/2015: 1 GMD = 0.02493 USD ; at 31/12/2016: 1 GMD = 0.02285 USD ; at 31/12/2017: 1 GMD = 0,02083 USD ; at 31/12/2018: 1 GMD = 0,02010 USD
