The Senegalese insurance market, turnover 2014
Insurance in Senegal: turnover per non life company: 2013-2014
in thousands USD2013 | 2014 | 2013-2014 evolution | 2014 market shares | |
---|---|---|---|---|
AXA | 24 535 | 20 239 | -17.51% | 14.7% |
ALLIANZ | 17 411 | 17 571 | 0.92% | 12.7% |
NSIA-Sen | 15 547 | 17 148 | 10.3% | 12.4% |
Saham (1) | 11 779 | 12 261 | 4.09% | 8.9% |
AMSA | 12 142 | 10 490 | -13.61% | 7.6% |
CNART | 10 580 | 10 382 | -1.87% | 7.5% |
PA | 12 603 | 10 233 | -18.81% | 7.4% |
SONAM Sa | 9 531 | 7 782 | -18.35% | 5.6% |
ASKIA | 7 772 | 7 683 | -1.15% | 5.6% |
ASS | 7 023 | 6 637 | -5.5% | 4.8% |
SONAM Mutuelle | 7 714 | 6 018 | -21.99% | 4.4% |
SUNU (2) | 6 668 | 5 411 | -18.85% | 3.9% |
SALAMA | 4 368 | 3 352 | -23.26% | 2.4% |
SONAC | 1 894 | 1 736 | -8.34% | 1.3% |
CNAAS | 1 019 | 1 021 | 0.2% | 0.7% |
MAAS | 204 | 101 | -50.49% | 0.1% |
Total | 150 790 | 138 065 | -8.44% | 100% |
(2) Former CGA
Insurance in Senegal: turnover per life company 2013-2014
in thousands USD2013 | 2014 | 2013-2014 evolution | 2014 market shares | |
---|---|---|---|---|
SONAM-VIE | 13 600 | 12 998 | -4.43% | 26.3% |
ALLIANZ-VIE | 9 591 | 9 646 | 0.57% | 19.5% |
SUNU-VIE (3) | 9 490 | 9 610 | 1.26% | 19.5% |
NSIA VIE | 8 397 | 7 559 | -9.98% | 15.3% |
AMSA-VIE | 6 434 | 6 342 | -1.43% | 12.8% |
SAAR VIE | 2 494 | 2 263 | -9.26% | 4.6% |
SEN VIE | 1 364 | 968 | -29.03% | 2% |
Total | 51 370 | 49 386 | -3.86% | 100% |
Insurance in Senegal: turnover per life and non life 2013-2014
in thousands USD2013 turnover | 2014 turnover | 2014 market shares | ||
---|---|---|---|---|
Non life insurance | ||||
Motor (1) | 51 915 | 49 166 | 26.2% | |
Fire | 24 906 | 23 447 | 12.5% | |
Marine (2) | 19 271 | 15 178 | 8.1% | |
Health | 36 342 | 33 649 | 18% | |
Personal accident | 5 998 | 5 489 | 2.9% | |
Miscellaneous accident(3) | 12 358 | 11 136 | 5.9% | |
Total non life | 150 790 | 138 065 | 73.6% | |
Life insurance | ||||
Ordinary life insurance | 15 483 | 14 166 | 7.6% | |
Group life insurance | 35 888 | 35 220 | 18.8% | |
Total life | 51 371 | 49 386 | 26.4% | |
Grand total | 202 161 | 187 451 | 100% |
Insurance in Senegal: market shares per class of business in 2014
(1) including third party liability(2) including aviation
(3) including other direct risks and acceptances Source: Fédération Sénégalaise des Sociétés d’Assurances (FSSA)
Exchange rate FCFA/USD as at 31/12 | 2013 | 2014 |
0.002098 | 0.001853 |
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