Burkinabe insurance market: 15% turnover increase in 2020

Magazine Issue:

The insurance market consolidation in view of the post-Covid-19 [3]

Magazine date:

Jul 2021

insurance result The Burkinabe insurance market recorded a turnover of 108 billion FCFA (202 million USD) in 2020 compared to 94 billion FCFA (161 million USD) in 2019, that is a 15% increase.

According to Abdoulaye Touré, former President of the Professional Association of Insurance Companies, the Q1 2021 premiums were estimated at 36.13 billion FCFA (65 million USD), thus growing by 18% compared to the same period of 2020.

Burkina Faso holds 17 insurance companies (7 life entities, 8 non-life, 1 microinsurance company and 1 reinsurer) and 170 intermediaries divided between 124 general agents and 46 brokers.

● | Burkina Faso Insurance News [4]

Thu, 05/08/2021 - 09:56

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[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fburkinabe-insurance-market-15-turnover-increase-in-2020&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/the-insurance-market-after-the-covid-19
[4] https://www.atlas-mag.net/en/category/pays/burkina-faso