Ghana insurance market: turnover per class of business in 2019
In thousands
| Class of business | 2019 turnover | 2018 turnover | 2018-2019 evolution * | 2019 shares | ||
|---|---|---|---|---|---|---|
| En GHS | En USD | En GHS | En USD | |||
Motor | 677 000 | 118 455 | 599 369 | 123 434 | 12.95% | 19.42% |
Property damage (1) | 418 000 | 73 137 | 308 240 | 63 479 | 35.61% | 11.99% |
Oil and Gas (2) | 266 930 | 46 705 | 301 731 | 62 139 | -11.53% | 7.66% |
General third party liability | 116 000 | 20 297 | 88 073 | 18 138 | 31.71% | 3.33% |
Engineering | 115 000 | 20 122 | 93 119 | 19 177 | 23.50% | 3.30% |
Credit and surety insurance | 92 000 | 16 097 | 56 633 | 11 663 | 62.45% | 2.64% |
Personal accident and health | 73 000 | 12 773 | 78 586 | 16 184 | -7.11% | 2.09% |
Marine & aviation | 73 000 | 12 773 | 70 333 | 14 484 | 3.79% | 2.09% |
Others | 3 575 | 625 | 3 961 | 816 | -9.76% | 0.10% |
| Total non life | 1 834 504 | 320 983 | 1 600 046 | 329 513 | 14.65% | 52.62% |
| Total life | 1 651 886 | 289 031 | 1 337 489 | 275 443 | 23.51% | 47.38% |
| Grand total | 3 486 390 | 610 014 | 2 937 535 | 604 956 | 18.68% | 100% |
* Evolution in local currency
(1) Including theft and fire
(2) Ghana Oil and Gas Insurance Pool
| Exchange rate GHS/USD | 2019 | 2018 |
| 0.17497 | 0.20594 |
