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Evolution of insurance premiums Worldwide, Africa and FANAF zone (2014-2023)
March 10, 2025
Global insurance market: evolution of life and non-life premiums
Figures in millions USD| Year | Life premiums | Evolution | Non life premiums | Evolution | Total premiums | Evolution | |
|---|---|---|---|---|---|---|---|
WORLDWIDE | 2023 | 2 888 998 | 3.90% | 4 297 176 | 7.60% | 7 186 174 | 6.10% |
| 2022 | 2 780 409 | -5.40% | 3 992 344 | 4.40% | 6 772 753 | 0.10% | |
| 2021 | 2 940 266 | 7.80% | 3 824 428 | 7.30% | 6 764 694 | 7.50% | |
| 2020 | 2 727 176 | -5.60% | 3 564 658 | 5.00% | 6 291 834 | 0.10% | |
| 2019 | 2 888 248 | 0.20% | 3 396 112 | 4.00% | 6 284 360 | 2.20% | |
| 2018 | 2 882 179 | 5.80% | 3 266 841 | 46.30% | 6 149 020 | 24.00% | |
| 2017 | 2 724 017 | 5.50% | 2 233 490 | 5.30% | 4 957 507 | 5.40% | |
| 2016 | 2 581 972 | 1.40% | 2 120 869 | 3.40% | 4 702 841 | 2.30% | |
| 2015 | 2 546 941 | -4.10% | 2 050 739 | -2.30% | 4 597 680 | -3.30% | |
| 2014 | 2 655 593 | 4.30% | 2 099 118 | 2.50% | 4 754 711 | 3.50% | |
| Average (1) | 0.90% | 8.30% | 4.70% | ||||
African insurance market: evolution of life and non-life premiums
Figures in millions USD| Year | Life premiums | Evolution | Non life premiums | Evolution | Total premiums | Evolution | |
|---|---|---|---|---|---|---|---|
AFRICA | 2023 | 42 975 | -5.7% | 20 588 | -5.4% | 63 563 | -5.6% |
| 2022 | 45 560 | -9.6% | 21 757 | -5.0% | 67 317 | -8.2% | |
| 2021 | 50 393 | 20.5% | 22 899 | 14.2% | 73 292 | 18.4% | |
| 2020 | 41 829 | -8.9% | 20 052 | -6.2% | 61 881 | -8.0% | |
| 2019 | 45 911 | -2.6% | 21 371 | -3.9% | 67 282 | -3.0% | |
| 2018 | 47 127 | 8.3% | 22 247 | 2.7% | 69 374 | 6.5% | |
| 2017 | 43 503 | 10.2% | 21 662 | 8.6% | 65 165 | 9.7% | |
| 2016 | 39 465 | -8.2% | 19 943 | -4.8% | 59 408 | -7.1% | |
| 2015 | 42 987 | -9.7% | 20 955 | -6.9% | 63 942 | -8.8% | |
| 2014 | 47 605 | 0.5% | 22 511 | -1.8% | 70 116 | -0.3% | |
| Average (1) | -1.1% | -1.0% | -1.1% | ||||
FANAF insurance market: evolution of life and non-life premiums
Figures in millions USD| Year | Life premiums | Evolution | Non life premiums | Evolution | Total premiums | Evolution | |
|---|---|---|---|---|---|---|---|
FANAF (2) | 2023 | 1 149 | 14.2% | 2 279 | 15.3% | 3 429 | 15.0% |
| 2022 | 1 006 | 5.0% | 1 977 | 7.8% | 2 982 | 6.8% | |
| 2021 | 958 | 5.7% | 1 834 | 4.7% | 2 792 | 5.1% | |
| 2020 | 906 | 19.4% | 1 751 | 14.4% | 2 657 | 16.1% | |
| 2019 | 759 | 3.3% | 1 530 | -3.7% | 2 289 | -1.5% | |
| 2018 | 735 | 1.7% | 1 589 | 0.4% | 2 324 | 0.8% | |
| 2017 | 723 | 27.1% | 1 582 | 15.3% | 2 305 | 18.8% | |
| 2016 | 569 | 9.2% | 1 372 | -5.8% | 1 941 | -1.9% | |
| 2015 | 521 | -1.5% | 1 457 | 7.6% | 1 978 | 5.0% | |
| 2014 | 529 | -4.2% | 1 354 | -9.7% | 1 883 | -8.2% | |
| Average (1) | 9.0% | 6.0% | 6.9% | ||||
(1) Average annual evolution over 10 years
(2)Added DR Congo data
Source : FANAF 2024
31/12/2023 : XAF = 00168 USD
31/12/2022 : XAF = 00163 USD
