FANAF 2023: top 20 life and non-life insurers in the CIMA zone

Spécial Chiffres FANAF édition 2023 Atlas Magazine has published the 14^th edition of the "FANAF Special Figures".

The top 20 life and non-life insurers in the CIMA zone ⁽¹⁾ according to the 2021 turnover are featured in the different rankings published in the study.

The first three positions are occupied by Sunu Assurances Vie Côte d'Ivoire, Sanlam Assurance CI and NSIA Vie Côte d'Ivoire which ended the year 2021 with the respective turnovers of 60.6 billion FCFA (104 million USD), 56.6 billion FCFA (98 million USD) and 41.1 billion FCFA (71 million USD).

Figures in thousands

Ranking		Companies	Category	Country	2021 written premiums		2021-2020 Growth rate⁽²⁾
2021	2020	Companies	Category	Country	FCFA	USD	2021-2020 Growth rate⁽²⁾
1	1	SUNU Assurances Vie Côte D’Ivoire	L	Côte d'Ivoire	60 663 519	104 948	10.3%
2	2	SANLAM Assurance Ci	NL	Côte d'Ivoire	56 660 478	98 023	7.8%
3	3	NSIA Vie Côte D’Ivoire	L	Côte d'Ivoire	41 106 985	71 115	17.3%
4	-	Assurances Et Reassurances Du Congo (ARC)	NL	Congo Brazzaville	33 664 647	58 240	-
5	4	ALLIANZ Côte D’Ivoire Assurances Vie	L	Côte d'Ivoire	30 408 267	52 606	10.1%
6	5	ALLIANZ Côte D’Ivoire Assurances	NL	Côte d'Ivoire	29 550 742	51 123	9.3%
7	6	SANLAM Assurance Vie	L	Côte d'Ivoire	26 802 515	46 368	2.7%
8	7	AXA Assurances	NL	Côte d'Ivoire	24 313 127	42 062	8.6%
9	9	NSIA Côte D’Ivoire	NL	Côte d'Ivoire	24 220 054	41 901	11.9%
10	8	SUNU Assurances IARD	NL	Côte d'Ivoire	22 612 809	39 120	3.8%
11	11	AXA Assurances	NL	Cameroon	21 528 222	37 244	4.6%
12	13	AXA Assurances SA	NL	Senegal	21 173 204	36 630	5.9%
13	12	ALLIANZ Cameroun Assurances Vie	L	Cameroon	20 940 905	36 228	3.6%
14	15	ATLANTIQUE Assurances Cote D’Ivoire (AACI)	NL	Côte d'Ivoire	19 541 200	33 806	8.1%
15	10	Assurances Industrielles Et Commerciales SA	NL	Gabon	18 505 928	32 015	-11.2%
16	14	SANLAM Assurance Gabon	NL	Gabon	18 408 621	31 847	0.6%
17	18	Prudential Beneficial Life Insurance SA	L	Cameroon	17 643 594	30 523	17.1%
18	16	ACTIVA Assurances	NL	Cameroon	17 246 525	29 836	3.0%
19	19	SANLAM Assurance	NL	Mali	16 313 741	28 223	15.5%
20	17	SANLAM Assurance	NL	Burkina Faso	15 570 053	26 936	1.8%

⁽¹⁾ CIMA zone countries: Benin, Burkina Faso, Cameroon, Senegal, Central African Republic, Congo Brazzaville, Côte d'Ivoire, Gabon, Mali, Niger, Chad and Togo.
⁽²⁾ Evolution in FCFA
L = life company
NL = non-life company

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Tue, 21/02/2023 - 11:17

FANAF 2023: top 20 life and non-life insurers in the CIMA zone

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