The insurance market in Mali
Identity
| Population: 19 658 000 inhabitants |  |
| GDP: 17.282 billion USD | |
| GDP per inhabitant: 879 USD | |
| GDP growth rate: 4.7% | |
| Inflation rate:-1.6% |
Data as of 31/12/2019, Source: World Bank
The insurance market in Mali: main indicators
| 2019 | |
| Turnover | 88.749 million USD |
| Penetration rate | 0.51% |
| Insurance density | 4.51 USD |
Read also | Mali insurance news
Structure of the insurance market in Mali
Non-life | 8 |
Life | 3 |
| Total | 11 |
Data as of 31/12/2018, Source: Federation of African National Insurance Companies (FANAF)
Ministry of Economy and Finance - National Treasury and Public Accounting Department | www.finances.gouv.ml |
Comité des Compagnies d'Assurances du Mali (CCAM) | - |
The insurance market in Mali: premium evolution
Figures in million USD| Activities | 2015 | 2016 | 2017 | 2018 | 2019 |
Non life | 46.76 | 51.842 | 66.612 | 65.25 | 67.203 |
Life | 11.356 | 14.329 | 14.823 | 18.096 | 21.546 |
| Total | 58.116 | 66.171 | 81.435 | 83.346 | 88.749 |
Source: Federation of African National Insurance Companies (FANAF)
Exchange rate as at 31/12/2015: 1 FCFA= 0.00167 USD ; at 31/12/2016: 1 FCFA = 0.00161 USD ; at 31/12/2017: 1 FCFA= 0.00183 USD; at 31/12/2018: 1 FCFA= 0.00174 USD at 31/12/2019: 1 FCFA = 0.00171 USD.
