Africa: 2016 ranking of insurance companies in the FANAF zone

Magazine Issue:

Magazine date:

Jan 2018

2016 FANAF market: Top 10 insurance companies

in thousands FCFA

Ranking⁽¹⁾		Company	Class of business	Country	2016 turnover	2015 turnover	Growth rate	Combined ratio
2016	2015	Company	Class of business	Country	2016 turnover	2015 turnover	2016-2015	2016	2015
1	2	SAHAM Assurance CI	NL	CIV	51 182 443	45 102 522	13.5%	60.1%	59.5%
2	3	SUNU Assurances Vie Côte d'Ivoire	L	CIV	43 678 320	39 446 960	10.7%	NA	NA
3	1	Assurances et Réassurances du Congo	NL	COG	28 515 958	56 701 094	-49.7%	27.7%	12.3%
4	4	OMNIUM Gabonais d'Assurances et de Réassurances	NL	GAB	26 849 721	30 223 515	-11.2%	50.7%	52.8%
5	5	NSIA Vie Côte d'Ivoire	L	CIV	26 097 996	21 548 200	21.1%	NA	NA
6	6	Assurances et Réassurances Omnibranches	NL	MDG	22 343 809	20 614 275	8.4%	42.5%	41.3%
7	11	SAHAM Assurance Vie	L	CIV	20 690 560	18 010 726	14.9%	NA	NA
8	8	AXA Assurances	NL	CMR	20 440 168	19 479 154	4.9%	71.8%	68.0%
9	10	ALLIANZ Côte d’Ivoire Assurances	NL	CIV	19 354 211	19 339 769	0.1%	72.4%	89.6%
10	12	SAAR Assurances	NL	CMR	18 920 321	17 982 584	5.2%	92.3%	84.1%

⁽¹⁾ 2015 figures and rankings revised at 31/12/2016
L : Life insurer NL : Non life insurer
NA: Not available

2016 FANAF market: Top 10 insurance companies in USD

in thousands USD

Ranking ⁽¹⁾		Company	Class of business	Country	2016 turnover	2015 turnover	Combined ratio
2016	2015	Company	Class of business	Country	2016 turnover	2015 turnover	2016	2015
1	2	SAHAM Assurance CI	NL	CIV	82 301	75 141	60.1%	59.5%
2	3	SUNU Assurances Vie Côte d'Ivoire	L	CIV	70 235	65 719	NA	NA
3	1	Assurances et Réassurances du Congo	NL	COG	45 854	94 464	27.7%	12.3%
4	4	OMNIUM Gabonais d'Assurances et de Réassurances	NL	GAB	43 174	50 352	50.7%	52.8%
5	5	NSIA Vie Côte d'Ivoire	L	CIV	41 966	35 899	NA	NA
6	6	Assurances et Réassurances Omnibranches	NL	MDG	35 929	34 343	42.5%	41.3%
7	11	SAHAM Assurance Vie	L	CIV	33 270	30 006	NA	NA
8	8	AXA Assurances	NL	CMR	32 868	32 452	71.8%	68.0%
9	10	ALLIANZ Côte d’Ivoire Assurances	NL	CIV	31 122	32 220	72.4%	89.6%
10	12	SAAR Assurances	NL	CMR	30 424	29 959	92.3%	84.1%

⁽¹⁾ 2015 figures and rankings revised at 31/12/2016
L : Life insurer NL : Non life insurer
NA: Not available

Exchange rate FCFA/USD as at 31/12	2015	2016
Exchange rate FCFA/USD as at 31/12	0.001666	0.001608