Senegalese insurance market: significant growth in 2019

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statisticsThe Senegalese insurance market, the third largest in the CIMA zone, achieved a considerable growth in 2019.

As of 31 December 2019, the life and non-life overall turnover amounted to 196.316 billion FCFA (335.154 million USD), compared to 177.683 billion FCFA (309.826 million USD) in 2018 thus increasing by 10.53%.

The non-life activity rose from 113.849 billion FCFA (198.518 million USD) in 2018 to 124.524 billion FCFA (212.589 million USD) in 2019; an increase of 9.4%.

By late 2019, life insurance witnessed a 13% growth and reached 69.777 billion FCFA (119.124 million USD) against 61.751 billion FCFA (107.675 million USD) in 2018.

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Mon, 21/09/2020 - 09:54
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