The Gabonese insurance industry: 2013-2017 turnover

Gabon

The Gabonese insurance market features

  • Regulatory authority : National Insurance Directorate
  • Life and non life premiums (2017) : 181.4 million USD
  • Insurance density (2017) : 89.606 USD
  • Penetration rate (2017) : 1.24%

Structure of the Gabonese insurance market in 2017

Market players
Total
Life insurance companies
4
Non life insurance companies
7
Reinsurance company
1
Total
12

Identity

  • Area : 267 670 km2
  • Population (1) (2017): 2 025 137 inhabitants
  • GDP (1) (2017): 14.623 billion USD
  • GDP per inhabitant (2017): 7 220.687 USD
  • GDP growth rate (2017): -1.159%
  • Inflation rate (1) (2017): 1.3%
  • Main economic sectors: Petroleum, mining (manganese), wood, agriculture.

Main cities

(per number of inhabitants)

  • Libreville (capital): 967 095
  • Port-Gentil: 147 817
  • Franceville (Masuku): 128 729

(1) Source: World Bank
(2) Year 2016

 

The Gabonese insurance industry: Evolution of premiums per life and non life classes of business (2013-2017)

Figures in thousands USD
 20132014201520162017
Non life
203 422191 197169 202138 479140 874
Life
37 43533 51829 33031 58340 591
Total
240 857224 715198 532170 062181 465

The Gabonese insurance industry: Evolution of premiums per class of business (2013-2017)

Figures in thousands
 201320142015201620172017 shares
Bodily injuries
-3 1582 1621 8951 8891.04%
Motor
60 76555 97846 36540 94942 02423.16%
General third party liability
11 27110 57810 2937 6096 3083.48%
Fire and other property damage
31 69734 55527 66923 82120 74911.43%
Marine
44 25639 29939 13127 95431 60217.41%
Health
45 36339 24934 65230 96235 14919.37%
Other risks
10 0704 0096 3093 5423 1521.74%
Acceptances
-4 3712 6211 74710.00%
Total non life
203 422191 197169 202138 479140 87477.63%
Life
37 43533 51829 33031 58340 59122.37%
Grand total
240 857224 715198 532170 062181 465100%

The Gabonese insurance: Turnover 2017 per class of business

Gabon insurance market 2017

The Gabonese insurance industry: Evolution of premiums per non life company (2013-2017)

Figures in thousands
 201320142015201620172017 shares
Ogar
59 68755 63850 47343 22838 73527.4%
Assinco
34 86632 62829 04121 84532 14022.8%
Axa Gabon
31 22728 88526 53223 42621 41815.2%
Saham Assurance IARD
38 46333 06833 53421 32221 24415.1%
Nsia Assurances
39 17940 97828 72322 64816 48111.7%
Assurances du Gabon
--8996 0106 1314.4%
Sunu Assurances IARD
----4 7253.4%
Total
203 422191 197169 202138 479140 874100%

The Gabonese insurance: Turnover 2017 per non life insurance company

Gabon non life insurance 2017

The Gabonese insurance industry: Evolution of premiums per life company (2013-2017)

Figures in thousands
 201320142015201620172017 shares
Sunu Assurances Vie
15 17213 62611 88113 23319 59948.3%
Ogar Vie
20 10015 81114 38014 56217 56343.3%
Nsia Vie Assurances
2 1634 0813 0693 7883 2588.0%
Saham Assurance Vie
----1710.4%
Total
37 43533 51829 33031 58340 591100%

The Gabonese insurance: Turnover 2017 per life company

Gabon life insurance 2017
Exchange rate
FCFA/USD as at 31/12
2013
2014
2015
2016
2017
0.0021
0.00185
0.0167
0.00161
0.00183
0
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