The Senegalese insurance market: 2016 turnover
The Senegalese non life insurance market: turnover per company 2015-2016
in thousands| 2016 | 2015 | 2015-2016 evolution(1) | 2016 shares | |||
|---|---|---|---|---|---|---|
| In FCFA | In USD | In FCFA | In USD | |||
AXA Assurances | 12 741 000 | 20 488 | 12 510 000 | 20 842 | 1.85% | 13.47% |
ALLIANZ Assurances | 11 326 400 | 18 213 | 10 200 000 | 16 993 | 11.04% | 11.98% |
NSIA Senegal Assurances | 9 546 500 | 15 351 | 10 126 000 | 16 870 | -5.72% | 10.10% |
La Prévoyance Assurances | 9 156 900 | 14 724 | 8 000 000 | 13 328 | 14.46% | 9.68% |
Saham Assurances | 9 056 100 | 14 562 | 7 414 000 | 12 352 | 22.15% | 9.58% |
CNART Assurances | 6 536 500 | 10 511 | 6 503 000 | 10 834 | 0.52% | 6.91% |
ASKIA Assurances | 6 312 500 | 10 151 | 5 309 000 | 8 845 | 18.90% | 6.68% |
SONAM Assurances | 6 007 100 | 9 659 | 4 895 000 | 8 155 | 22.72% | 6.36% |
AMSA Assurances | 5 231 300 | 8 412 | 4 559 000 | 7 595 | 14.75% | 5.53% |
SONAM Mutuelle | 4 085 000 | 6 569 | 3 010 000 | 5 015 | 35.71% | 4.32% |
SUNU Assurances IARD Sénégal | 4 010 800 | 6 449 | 3 828 000 | 6 377 | 4.78% | 4.24% |
Assurance Sécurité Sénégalaise (ASS) | 3 876 200 | 6 233 | 3 838 000 | 6 394 | 1.00% | 4.10% |
Salama Assurances Sénégal | 2 100 200 | 3 377 | 2 426 000 | 4 042 | -13.43% | 2.22% |
Société Nationale d'Assurances du Crédit & du Cautionnement (SONAC) | 1 519 500 | 2 443 | 1 354 000 | 2 256 | 12.22% | 1.61% |
Wafa Assurance | 1 088 600 | 1 750 | 1 143 000 | 1 904 | -4.76% | 1.15% |
SAAR Assurances | 984 400 | 1 583 | 439 000 | 731 | 124.24% | 1.04% |
Compagnie Nationale d'Assurance Agricole du Sénégal (CNAAS) | 859 300 | 1 382 | 746 000 | 1 243 | 15.19% | 0.91% |
Mutuelle d'Assurances Agricoles du Sénégal (MAAS) | 115 000 | 185 | 71 000 | 118 | 61.97% | 0.12% |
Total(2) | 94 553 300 | 152 042 | 86 371 000 | 143 894 | 9.47% | 100% |
(2) including acceptances
Market shares of the top ten non life insurance companies in 2016
The Senegalese life insurance market: turnover per company 2015-2016
in thousands| 2016 | 2015 | 2015-2016 evolution(1) | 2016 shares | |||
|---|---|---|---|---|---|---|
| In FCFA | In USD | In FCFA | In USD | |||
SONAM Vie | 10 023 900 | 16 118 | 8 180 200 | 13 628 | 22.54% | 22.11% |
AMSA Assurances Vie | 8 026 400 | 12 907 | 3 082 600 | 5 136 | 160.38% | 17.70% |
NSIA Vie Sénégal | 7 693 600 | 12 371 | 8 508 100 | 14 175 | -9.57% | 16.97% |
SUNU Assurances Vie Sénégal | 7 333 600 | 11 792 | 5 374 800 | 8 954 | 36.44% | 16.17% |
ALLIANZ Vie | 6 212 400 | 9 990 | 6 739 300 | 11 228 | -7.82% | 13.70% |
WAFA Vie | 3 345 900 | 5 380 | 382 300 | 637 | 775.20% | 7.38% |
La Sénégalaise de l’Assurance Vie (SENVIE) | 1 408 300 | 2 265 | 702 900 | 1 171 | 100.36% | 3.10% |
SAAR Vie | 1 301 600 | 2 093 | 1 302 700 | 2 170 | -0.08% | 2.87% |
Total | 45 345 700 | 72 916 | 34 272 900 | 57 099 | 32.31% | 100% |
Market shares of life insurance companies in 2016
The Senegalese life and non life insurance market: turnover per class of business 2015-2016
in thousands| 2016 turnover | 2015 turnover | 2016 market shares | |||
|---|---|---|---|---|---|
| In FCFA | In USD | In FCFA | In USD | ||
| Non life insurance | |||||
Motor(1) | 30 062 136 | 48 340 | 29 223 865 | 48 687 | 21.5% |
Fire and other damage | 16 627 665 | 26 737 | 15 140 692 | 25 224 | 11.9% |
Marine (2) | 8 923 481 | 14 349 | 10 438 430 | 17 390 | 6.4% |
Personal accident | 762 298 | 1 226 | 710 339 | 1 183 | 0.5% |
Health | 23 370 151 | 37 579 | 19 478 892 | 32 452 | 16.7% |
Engineering | 5 144 189 | 8 272 | 2 684 093 | 4 472 | 3.7% |
Other risks | 9 663 380 | 15 539 | 8 694 689 | 14 486 | 6.9% |
Total non life | 94 553 300 | 152 042 | 86 371 000 | 143 894 | 67.6% |
| Life insurance | |||||
Individual life insurance | 13 140 687 | 21 130 | 9 202 825 | 15 332 | 9.38% |
Group life policies | 32 205 013 | 51 786 | 25 070 075 | 41 767 | 23.02% |
Total life(3) | 45 345 700 | 72 916 | 34 272 900 | 57 099 | 32.4% |
Total général | 139 899 000 | 224 958 | 120 643 900 | 200 993 | 100% |
Market shares per class of business in 2016
(2) Including aviation
(3) Including group life policies and individual life insurance Exchange rate as at 31/12/2016 : 1 FCFA = 0.001608 USD; as at 31/12/2015 : 1 FCFA = 0.001666 USD. Source: Fédération Sénégalaise des Sociétés d’Assurances (FSSA)
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