The Central African Republic insurance industry: 2001-2005

The Central African Republic insurance market features

Regulatory authority: Department of insurance, banks and financial institutions
Premiums (2005): 3 164 718 USD
Insurance density (2005): 0.75 USD
Penetration rate (2005): 0.24 %

The Central African Republic insurance market structure in 2005

Identity

Area: 622 984 Km²
Population (2005): 4 200 000 inhabitants
GDP (2005): 1.301 billion USD
GDP per capita (2005): 310 USD
GDP growth rate (2005): 4.5 %
Inflation rate (2005): 4.57 %
Main economic sectors: agriculture, mining (gold and diamond), forestry, brewery

Major cities

(in number of inhabitants)

The Central African Republic insurance industry: turnover evolution (2001-2005)

in millions USD

Written premiums	2001	2002	2003	2004	2005	2004/2005 growth rate
Non life	2.408	2.418	2.634	2.828	3.079	+8.09%
Life	0.091	0.099	0.095	0.1	0.086
Total	2.499	2.517	2.729	2.928	3.165

in USD

	2004			2005
Classes of business	Earned premiums	Gross incurred losses	Loss ratio	Earned premiums	Gross incurred losses	Loss ratio
Personnal accident and health	141 649	150 711	106%	168 007	21 440	13%
Motor	1 614 641	257 540	16%	1 294 501	108 589	8%
Fire and property	762 022	460 769	60%	531 787	123 357	23%
GTPL	116 122	63 015	54%	70 888	2 845	4%
Marine	256 204	-111 591	-44%	568 000	-57 645	-10%
Miscellaneous	69 711	-2 096	-3%	120 499	1 463	1%
Total	2 960 349	818 348	28%	2 753 682	200 049	7%

in USD

Classes of business	2004	%	2005	%
Non life
Motor	1 555 313	53	1 556 028	49
Accident & health	141 008	5	202 652	6
Fire & property	689 866	24	632 865	20
GTPL	91 671	3	100 800	3
Marine	315 749	11	466 686	15
Miscellaneous	34 259	1	119 921	4
Non life total	2 827 866	97	3 078 952	97
Life
Life	99 800	3	85 766	3
Grand total	2 927 666	100%	3 164 718	100%

* Figures excluding reinsurance acceptances

in USD

Classes of business	AGF Centrafrique assurances	Market share	UAC	Market share
Motor	807 751	52%	748 277	48%
Accident & health	94 308	47%	108 344	53%
Fire & property	507 602	80%	125 263	20%
GTPL	57 996	58%	42 804	42%
Marine	190 578	41%	276 108	59%
Miscellaneous	119 921	100%	0	0%
Total	1 778 156	58%	1 300 796	42%

Exchange rate USD/XAF as at 31/12	2001	2002	2003	2004	2005
Exchange rate USD/XAF as at 31/12	775	654	546	501	555

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Thu, 16/05/2013 - 11:03