Burkina Faso insurance market in 2020
In thousands
| Class of business | 2020 turnover | 2019 turnover | 2019-2020 evolution * | 2020 shares | ||
|---|---|---|---|---|---|---|
| In FCFA | In USD | In FCFA | In USD | |||
Motor | 26 379 000 | 49 329 | 25 205 000 | 43 101 | 4.66% | 24.36% |
Bodily injury and health | 14 160 000 | 26 479 | 12 895 000 | 22 050 | 9.81% | 13.08% |
Fire and other property damage | 11 271 000 | 21 077 | 7 647 000 | 13 076 | 47.39% | 10.41% |
Marine | 4 481 000 | 8 380 | 4 343 000 | 7 426 | 3.18% | 4.14% |
Third party liability | 2 037 000 | 3 809 | 1 477 000 | 2 526 | 37.91% | 1.88% |
Miscellaneous accident | 3 069 000 | 5 739 | 2 856 000 | 4 884 | 7.46% | 2.83% |
Acceptances (non life) | 375 000 | 701 | 260 000 | 445 | 44.23% | 0.35% |
Total non life | 61 772 000 | 115 514 | 54 683 000 | 93 508 | 12.96% | 57.05% |
Individual insurance | 23 551 000 | 44 041 | 19 444 000 | 33 249 | 21.12% | 21.76% |
group insurance | 22 652 000 | 42359 | 20 292 000 | 34699 | 11.63% | 20.92% |
Acceptances (life) | 294 000 | 549 | 452 000 | 773 | -34.96% | 0.27% |
| Total life | 46 497 000 | 86 949 | 40 188 000 | 68 721 | 15.70% | 42.95% |
| Grand total | 108 269 000 | 202 463 | 94 871 000 | 162 229 | 14.12% | 100% |
* Evolution in local currency
Exchange rate as at 31/12/2020 : 1 FCFA = 0.00187 USD; as at 31/12/2019 : 1 FCFA = 0.00171 USD
Read also | Insurance companies in Burkina Faso
