STAR Nationale

The establishment of Star Nationale in June 1977 has put an end to the monopoly of foreign companies on the Chadian market. So far, the local agencies of AGF, Mutuelle Générale Française Accident (currently Mutuelles du Mans) and Union des Assurances de Paris (currently AXA) have brought their portfolio to the new entity which, apart from the Chadian group, gathers two major national economic operators, that is, COTONTCHAD (National Cotton Company) and the Banque Tchadienne de Crédits et de Dépôts.

Partly state-owned company upon its establishment, STAR Nationale started out its operations with a capital of 260 300 000 FCFA (572 000 USD) with Chadian shareholding majority.

Ali Adoum Djaya
General manager

Privatized in 1995, STAR Nationale then becomes a limited company in which state shares are limited to 17%. Before the end of the current year, the present capital of 500 000 000 FCFA (1 million USD) will be raised to 1 000 000 000 FCFA (2 million USD). The company is seeking partners to boost its operations and set up an entity specialized in life insurance.

STAR in 2007

Authorised capital
500 million FCFA (1.144 million USD)
Turnover
5.618 billion FCFA (12.862 million USD)
Technical result
3.067 billion FCFA (7.021 million USD)
Net result
77.534 million FCFA (177 500 USD)
Loss ratio
45.28%
Combined ratio
87%
Number of employees
92

Management

Chairman of the board of directors
Moussa Moustapha Terap
General manager
Ali Adoum Djaya

Main shareholders

Chadian shareholders
62.75%
Foreign shareholders
37.25%

Main financial highlights 2003-2007

in USD
 20032004200520062007
Gross written premiums
9 508 00010 027 0008 073 2008 761 00012 861 800
Written premiums net of reinsurance
7 516 2206 892 0005 212 5005 551 0008 481 000
Gross earned premiums
10 117 7009 324 3208 057 3009 331 50012 834 230
Gross incurred losses
5 124 5004 161 9202 993 1002 512 8005 812 330
Net incurred losses
4 297 7003 200 1302 541 5002 242 9004 194 700
Loss ratio
50.64%44.63%37.15%26.92%45.28%
Management expenses
4 2133 7223 3173 8505 362
Technical result
4 993 2005 162 4003 764 6006 818 7007 021 900
Financial income
198 000326 800542 400338 600419 350
Net result (after tax)
136 00093 800190 50034 400177 500
in thousands USD

Turnover split by class of business: 2003-2007

in USD
 20032004200520062007%
Non life
Motor
4 103 3004 010 2003 088 3003 568 7004 546 50035.34%
Property
2 146 9002 770 5002 333 2001 985 2003 356 30026.10%
Health and accident
1 590 1301 345 800976 4001 148 5001 607 40012.50%
Decennial TPL
264 100339 800188 839289 700351 1002.73%
Marine
1 113 9001 050 5001 121 2001 148 0002 314 70018.00%
Total Non life
9 218 300 9 516 800 7 708 000 8 140 200 12 176 000 94.67%
Life
Total life
289 600
510 300
365 300
620 900
685 800
5.33%
Grand total
9 507 900
1 0 027 100
8 073 300
8 761 100
12 861 800
100%

Turnover split by class of business in 2007

Turnover's evolution by class of business 2003-2007

in thousands USD
Exchange rate
FCFA/USD as at 31/12
2003
2004
2005
2006
2007
0.001984
0.002159
0.001805
0.002095
0.002289

Contact



Head office
Avenue Charles de Gaulle, N'Djaména
Republic of Chad
Phone
(+235) 252 42 22 / 252 56 77
Fax
(+235) 252 51 89
E-mail
dgstar [at] intnet [dot] td, star [at] intnet [dot] td
Website
Thanks: We thank STAR Nationale for their kind assistance in the conception of this survey.
0
Your rating: None
Advertising Program          Terms of Service          Copyright          Useful links          Social networks          Credits