Burkina Faso continues its march ahead with a market driven by non-life insurance which posted a turnover of 28.930 billion FCFA (58.4 million USD), up by 11,44% over one year. With 9.381 billion FCFA (19 million USD) of written premiums, SONAR is by far the number one non-life company, followed by Allianz and the Générale des Assurances. The Growth award goes to Coris Assurances which saw its turnover grow threefold thanks to an underwriting worth 1.864 billion FCFA (3.7 million USD). It is worth noting that UAB IARD (non life) has for the second consecutive year regressed with only 2.392 billion FCFA (4.8 million USD) of premiums.
In the life insurance, the market’s four companies totaled 13.814 billion FCFA (27.9 million USD) of premiums. UAB, alone, has underwritten 45% of these sums, that is, 6.149 billion FCFA (12.4 million USD). Sonar vie came second, followed by Allianz and Générale des Assurances.