Significant growth potential

Insurers estimate that the market is poised to grow significantly by 2015. The turnover of 1.2 billion USD in 2010 is expected to triple at 3.5 billion USD within four years. The distribution between life and non life insurance would, therefore, be respectively of 1.4 billion and 2.1 billion USD. In comparison, the turnover of the entire life insurance market amounted to 399 million USD in 2010.
The density of life insurance, now at 95.3 USD, would amount to 155.6 USD in 2015 while the penetration rate of non-life insurance is likely to stagnate at 2.4% of the GDP.

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