The Togolese insurance market
Identity
| Population: 8 082 000 inhabitants |  |
| PIB : 7.220 billion USD | |
| GDP per inhabitant: 893 USD | |
| GDP growth rate: 5.5% | |
| Inflation rate: 0.7% |
Data as of 31/12/2019, Source: World Bank
The Togolese insurance market: main indicators
| 2019 | |
| Turnover | 104.823 millions USD |
| Penetration rate | 1.45% |
| Insurance density | 13 USD |
Structure of the Togolese insurance market
Non-life | 5 |
Life | 7 |
| Total | 12 |
Data as of 31/12/2019 , Source: Comité des Assureurs du Togo
Ministry of Economy and Finance of Togo (M.E.F.T.) | www.finances.gouv.tg |
Comité des Assureurs du Togo | www.ca-togo.org |
The Togolese insurance market: evolution of premiums
Figures in million USD| Activities | 2015 | 2016 | 2017 | 2018 | 2019 |
Non-life | 46.593 | 47.173 | 62.037 | 51.852 | 54.720 |
Life | 32.899 | 35.903 | 43.737 | 50.634 | 50.103 |
| Total | 79.492 | 83.076 | 105.774 | 102.486 | 104.823 |
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
