Magazine date:
Feb 2022 Identity
| Population: 112 079 000 inhabitants |  |
| PIB : 95.913 billion USD | |
| GDP per inhabitant: 771 USD | |
| GDP growth rate: 8.36% | |
| Inflation rate: 15.8% |
Data as of 31/12/2019, Source: World Bank
The ethiopian insurance market: main indicators
| 30/06/2019 | |
| Turnover | 305.166 millions USD |
| Penetration rate | 0.32 % |
| Insurance density | 2.7 USD |
Structure of the ethiopian insurance market
Composite | 10 |
Non-life | 8 |
Reinsurance | 1 |
| Total | 19 |
Data as of 31/12/2020 , Source: National Bank of Ethiopia
National Bank of Ethiopia | www.nbebank.com [4] |
Association of Ethiopian Insurers (AEI) | www.associationofethiopianinsurers.com [5] |
The ethiopian insurance market: evolution of premiums
Figures in million USD| Activities | 2017 | 2018 | 2019 |
Non-life | - | 180.445 | 171.854 |
Life | - | 119.256 | 133.312 |
| Total | 462.907 | 299.701 | 305.166 |
Source: National Bank of Ethiopia
Exchange rate as at 31/12/2017: 1 ETB = 0.04272 USD ; at 31/12/2018: 1 ETB = 0.03584 USD ; at 31/12/2019: 1 ETB = 0.03404 USD