The insurance market in Niger
Identity
| Population: 23 311 000 inhabitants |  |
| GDP: 12.912 billion USD | |
| GDP per inhabitant: 554 USD | |
| GDP growth rate: 5.9% | |
| Inflation rate:-2.5% |
Data as of 31/12/2019, Source: World Bank
The insurance market in Niger: main indicators
| 2019 | |
| Turnover | 58.311 millions USD |
| Penetration rate | 0.45% |
| Insurance density | 2.5 USD |
Read also | Actualité de l'assurance au Niger
Structure of the insurance market in Niger
Non-life | 6 |
Life | 2 |
| Total | 8 |
| Intermediaries | |
Brokers | 59 |
General agents | 76 |
Sales agents | 20 |
| Total | 155 |
Data as of 31/12/2018, Source: Ministry of Finance
Ministry of Finance - Insurance Control Department | www.finances.gouv.ne/index.php |
Comité des Assureurs du Niger (CAN) | - |
The insurance market in Niger: premium evolution
Figures in million USD| Activities | 2015 | 2016 | 2017 | 2018 | 2019 |
Non life | 40.08 | 38.318 | 41.175 | 42.282 | 46.854 |
Life | 8.35 | 8.533 | 10.065 | 11.484 | 11.457 |
| Total | 48.43 | 46.851 | 51.24 | 53.766 | 58.311 |
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
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