The Gabonese insurance industry: insurers' ranking in 2019
The Gabonese insurance industry: gross written premiums* per insurer (2018-2019)
Figures in thousands| Companies | 2019 GWP | 2018 GWP | 2018-2019 evolution (1) | 2019 shares | ||
|---|---|---|---|---|---|---|
| In FCFA | In USD | In FCFA | In USD | |||
| Non-life insurance companies | ||||||
Saham Assurance IARD | 18 916 149 | 32 347 | 15 310 936 | 26 641 | 23.55% | 18.77% |
Assinco | 18 852 781 | 32 238 | 19 710 243 | 34 296 | -4.35% | 18.70% |
OGAR | 14 360 914 | 24 557 | 15 696 349 | 27 312 | -8.51% | 14.25% |
AXA Gabon | 13 628 584 | 23 305 | 11 123 393 | 19 355 | 22.52% | 13.52% |
Nsia Assurances | 8 098 048 | 13 848 | 7 301 562 | 12 705 | 10.91% | 8.03% |
SUNU Assurance IARD | 6 116 434 | 10 459 | 4 425 217 | 7 700 | 38.22% | 6.07% |
Assurances du Gabon (2) | - | - | - | - | - | - |
Total non-life | 79 972 910 | 136 754 | 73 567 700 | 128 008 | 8.71% | 79.34% |
| Life insurance companies | ||||||
OGAR Vie | 9 828 254 | 16 806 | 8 812 407 | 15 334 | 11.53% | 9.75% |
Sunu Assurances Vie | 9 060 536 | 15 494 | 9 703 179 | 16 884 | -6.62% | 8.99% |
Nsia Vie Assurances | 1 815 220 | 3 104 | 1 759 851 | 3 062 | 3.15% | 1.80% |
Saham Assurance Vie | 119 484 | 204 | 207 643 | 361 | -42.46% | 0.12% |
Total life | 20 823 494 | 35 608 | 20 483 080 | 35 641 | 1.66% | 20.66% |
| Grand total | 100 796 404 | 172 362 | 94 050 780 | 163 648 | 7.17% | 100% |
* Provisional figures
(1) Growth rate in local currency
(2) Data not available
The Gabonese insurance industry: gross written premiums* per class of business (2018-2019)
Figures in thousands| Class of business | 2019 GWP | 2018 GWP | 2018-2019 evolution (1) | 2019 shares | ||
|---|---|---|---|---|---|---|
| In FCFA | In USD | In FCFA | In USD | |||
Health | 20 539 619 | 35 123 | 17 544 367 | 30 527 | 17.07% | 20.38% |
Motor | 19 818 300 | 33 889 | 20 316 763 | 35 351 | -2.45% | 19.66% |
Fire and other property damage | 17 397 111 | 29 749 | 15 268 469 | 26 567 | 13.94% | 17.26% |
Marine (2) | 13 903 683 | 23 775 | 12 410 881 | 21 595 | 12.03% | 13.79% |
General third party liability | 4 994 676 | 8 541 | 4 967 703 | 8 644 | 0.54% | 4.96% |
Bodily injury | 615 295 | 1 052 | 533 054 | 928 | 15.43% | 0.61% |
Other risks | 2 124 231 | 3 632 | 1 602 845 | 2 789 | 32.53% | 2.11% |
Acceptances | 579 995 | 992 | 923 618 | 1 607 | -37.20% | 0.57% |
Total non-life | 79 972 910 | 136 754 | 73 567 700 | 128 008 | 8.71% | 79.34% |
Individual life insurance | 10 445 219 | 17 861 | 8 677 276 | 15 098 | 20.37% | 10.36% |
Group life insurance | 9 767 525 | 16 702 | 10 568 300 | 18 389 | -7.58% | 9.69% |
Acceptances | 610 750 | 1 044 | 1 237 504 | 2 153 | -50.65% | 0.61% |
Total life | 20 823 494 | 35 608 | 20 483 080 | 35 641 | 1.66% | 20.66% |
| Grand total | 100 796 404 | 172 362 | 94 050 780 | 163 648 | 7.17% | 100% |
* Provisional figures
(1) Growth rate in local currency
(2) Includes air, sea and land transportation
Reada also | The Gabonese insurance industry - 2017
