Magazine date:
Jan 2013 With a market share of 48.29% in 2011, SOCABU remains the number one company on the Burundi market. Its turnover grew by 4.57% in 2011, reaching 12 508 476 307 BIF (9.790 million USD) compared to 11 961 441 454 BIF (9.888 million USD) in 2010. With 37.76% of the turnover, the life class of business is the one that accounts for the largest premiums, followed by motor insurance (34.12%), property damage (19.19%) and marine (8.93%). Net result amounted to 1 430 735 329 BIF (1.119 million USD), up by 9.5% compared to the previous year.