Assinco: Non-life market leader in 2018

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Assinco Despite a difficult economic situation, the Gabonese insurance company Assinco achieved a 12% turnover increase in 2018. The latter rose from 17.56 billion FCFA (32.135 million USD) in 2017 to 19.71 billion FCFA (34.295 million USD) in 2018.

The market share of the new insurance leader has also increased by 27% in 2018 compared to 23% in 2017. Consequently, Assinco finds its way on the top of the non-life market after holding the second position a year earlier.

The incurred losses remained stable at 11.196 billion FCFA (19.48 million USD) compared to 10.967 billion FCFA (20.1 million USD) in 2017. The loss ratio is of 57.27% and the combined ratio is of 87.84%. The only indicator in decline is the net income which sets at 114 million FCFA (198 360 USD) in 2018 after recording 1.346 million FCFA (2.4 million USD) in 2017.

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Wed, 30/10/2019 - 09:49
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