The Gabonese insurance industry: 2013-2017 turnover
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 USD2013 | 2014 | 2015 | 2016 | 2017 | |
---|---|---|---|---|---|
Non life | 203 422 | 191 197 | 169 202 | 138 479 | 140 874 |
Life | 37 435 | 33 518 | 29 330 | 31 583 | 40 591 |
Total | 240 857 | 224 715 | 198 532 | 170 062 | 181 465 |
Reada also | Gabonese insurance industry in 2019
The Gabonese insurance industry: Evolution of premiums per class of business (2013-2017)
Figures in thousands2013 | 2014 | 2015 | 2016 | 2017 | 2017 shares | |
---|---|---|---|---|---|---|
Bodily injuries | - | 3 158 | 2 162 | 1 895 | 1 889 | 1.04% |
Motor | 60 765 | 55 978 | 46 365 | 40 949 | 42 024 | 23.16% |
General third party liability | 11 271 | 10 578 | 10 293 | 7 609 | 6 308 | 3.48% |
Fire and other property damage | 31 697 | 34 555 | 27 669 | 23 821 | 20 749 | 11.43% |
Marine | 44 256 | 39 299 | 39 131 | 27 954 | 31 602 | 17.41% |
Health | 45 363 | 39 249 | 34 652 | 30 962 | 35 149 | 19.37% |
Other risks | 10 070 | 4 009 | 6 309 | 3 542 | 3 152 | 1.74% |
Acceptances | - | 4 371 | 2 621 | 1 747 | 1 | 0.00% |
Total non life | 203 422 | 191 197 | 169 202 | 138 479 | 140 874 | 77.63% |
Life | 37 435 | 33 518 | 29 330 | 31 583 | 40 591 | 22.37% |
Grand total | 240 857 | 224 715 | 198 532 | 170 062 | 181 465 | 100% |
The Gabonese insurance: Turnover 2017 per class of business
The Gabonese insurance industry: Evolution of premiums per non life company (2013-2017)
Figures in thousands2013 | 2014 | 2015 | 2016 | 2017 | 2017 shares | |
---|---|---|---|---|---|---|
Ogar | 59 687 | 55 638 | 50 473 | 43 228 | 38 735 | 27.4% |
Assinco | 34 866 | 32 628 | 29 041 | 21 845 | 32 140 | 22.8% |
Axa Gabon | 31 227 | 28 885 | 26 532 | 23 426 | 21 418 | 15.2% |
Saham Assurance IARD | 38 463 | 33 068 | 33 534 | 21 322 | 21 244 | 15.1% |
Nsia Assurances | 39 179 | 40 978 | 28 723 | 22 648 | 16 481 | 11.7% |
Assurances du Gabon | - | - | 899 | 6 010 | 6 131 | 4.4% |
Sunu Assurances IARD | - | - | - | - | 4 725 | 3.4% |
Total | 203 422 | 191 197 | 169 202 | 138 479 | 140 874 | 100% |
The Gabonese insurance: Turnover 2017 per non life insurance company
The Gabonese insurance industry: Evolution of premiums per life company (2013-2017)
Figures in thousands2013 | 2014 | 2015 | 2016 | 2017 | 2017 shares | |
---|---|---|---|---|---|---|
Sunu Assurances Vie | 15 172 | 13 626 | 11 881 | 13 233 | 19 599 | 48.3% |
Ogar Vie | 20 100 | 15 811 | 14 380 | 14 562 | 17 563 | 43.3% |
Nsia Vie Assurances | 2 163 | 4 081 | 3 069 | 3 788 | 3 258 | 8.0% |
Saham Assurance Vie | - | - | - | - | 171 | 0.4% |
Total | 37 435 | 33 518 | 29 330 | 31 583 | 40 591 | 100% |
The Gabonese insurance: Turnover 2017 per life company
Exchange rate FCFA/USD as at 31/12 | 2013 | 2014 | 2015 | 2016 | 2017 |
0.0021 | 0.00185 | 0.0167 | 0.00161 | 0.00183 |
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Thu, 31/01/2019 - 17:02
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