Rwanda insurance market
Identity
| Population: 12 952 000 inhabitants |  |
| PIB : 10.334 billion USD | |
| GDP per inhabitant: 797 USD | |
| GDP growth rate: -3.3% | |
| Inflation rate: 9.8% |
Data as of 31/12/2020, Source: World Bank
The rwandan insurance market: main indicators
| 30/06/2021 | |
| Turnover | 98.5 millions USD |
| Penetration rate | 0.9% |
| Insurance density | 7.6 USD |
Structure of the rwandan insurance market
Non-life | 9 |
Life | 3 |
| Total | 12 |
Insurance brokers | 14 |
Reinsurance brokers | 1 |
General agents | 914 |
| Total | 929 |
Source: Annual report 2020-2021
National Bank of Rwanda (BNR) | www.bnr.rw |
Rwanda Insurers Association (ASSAR) | www.assar.rw |
The rwandan insurance market: evolution of premiums
Figures in million USD| Activities | 2017 | 2018 | 2019 | 2020 | 2021 |
Non-life | ND | 66.263 | ND | ND | 86.684 |
Life | ND | 13.765 | ND | ND | 11.821 |
| Total | 70.446 | 80.028 | 80.224 | 82.056 | 98.505 |
Source: National Bank of Rwanda (BNR)
Exchange rate as at 30/06/2017: RWF= 0.00118 USD ; at 30/06/2018: 1 RWF = 0.00114 USD ; at 30/06/2019: 1 RWF = 0.00109 USD ; at 30/06/2020: 1 RWF = 0.00104 USD ; at 30/06/2022: 1 RWF = 0.00099 USD
