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The Chadian insurance market

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Magazine Issue: 
A relative serenity [3]
Magazine date: 
Oct 2006
Photo credit: US Gov / CIA World Factbook

Insurance market features

  • Regulatory authority: Ministry of Finance
  • Premiums (2004): 11.495 million USD
  • Insurance density (2004): 1.18 USD
  • Penetration rate (2004): 0.25%

Market structure in 2004

Actors
Number
Insurance companies
2
Brokers
2
General agent
1

Identity

  • Area: 1.284 million Km2
  • Population (2004): 9.7 million inhabitants
  • GDP (2004): 4.628 billion USD
  • GDP per capita (2004): 477 USD
  • GDP growth rate (2004): 29.8 %
  • Inflation rate (2004): 13.4%
  • Main economic sectors: oil, agriculture (cotton, peanuts, rice, tobacco), livestock, fish, textiles, construction materials

Major towns

(in number of inhabitants)
  • Ndjamena (capital): 800 000
  • Sarh: 600 000
  • Moundou: 500 000
 

Main economic indicators: 2000-2004

in USD
 20002001200220032004
GDP
1 427 000 0001 654 000 0002 231 000 0002 898 000 0004 628 000 000
GDP per capita
198204269337477
Insurance density
0.680.720.981.221.18
Penetration rate
0.34%0.35%0.36%0.36%0.25%

Turnover evolution: 2000-2004

in millions USD
Gross premiums200020012002200320042003/2004
growth rate
Non life
4.85.77.910.311.0+8.57%
Life
0.10.10.20.20.4
Total
4.9 5.8 8.1 10.5 11.4
in millions USD

Premiums split by class of business*: 2003-2004

in millions USD
 2003%2004%
Non life
Motor
4.745%4.439%
Fire
1.413%1.715%
Accidents & Health
1.817%1.715%
Other risks
0.77%1.413%
Marine
1.212%1.311%
GTPL
0.33%0.33%
Non life total
10.1 97% 10.8 96%
Life
Life total
0.3 3% 0.5 4%
Grand total
10.4100%11.3100%
* Figures excluding reinsurance acceptances

Loss ratio non-life & life: 2000-2004

 20002001200220032004
Non life loss ratio
46%30%34%60%43%
Life loss ratio
13%78%147%337%190%
Life & non life loss ratio
45%32%37%68%49%


Exchange rate
USD/XOF as at 31/12
2000
2001
2002
2003
2004
696
740
625
522
481

Source: FANAF - African insurance markets : 2000 - 2004 figures
Wed, 15/05/2013 - 11:33

Source URL: https://www.atlas-mag.net/en/article/the-chadian-insurance-market

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