Burkina Faso insurance market in 2022
In thousands
Class of business | 2022 turnover (1) | 2021 turnover (2) | 2021-2022 evolution (3) | 2022 shares | ||
---|---|---|---|---|---|---|
FCFA | USD | FCFA | USD | |||
Motor | 31 079 907 | 50 660 | 29 145 249 | 50 421 | 6.64% | 21.72% |
Bodily injury and health | 19 051 664 | 31 054 | 17 592 996 | 30 436 | 8.29% | 13.32% |
Fire and other property damage | 15 859 856 | 25 852 | 11 162 895 | 19 312 | 42.08% | 11.08% |
Marine | 6 581 328 | 10 727 | 4 600 568 | 7 959 | 43.05% | 4.60% |
Third party liability | 2 787 078 | 4 543 | 1 875 020 | 3 244 | 48.64% | 1.95% |
Miscellaneous accident | 3 961 334 | 6 457 | 4 013 088 | 6 942 | -1.29% | 2.77% |
Acceptances (non life) | 569 960 | 929 | 340 841 | 590 | 67.22% | 0.40% |
Total non life | 79 891 127 | 130 222 | 68 730 657 | 118 904 | 16.24% | 55.84% |
Individual insurance | 33 668 891 | 54 880 | 29 203 711 | 50 522 | 15.29% | 23.53% |
Group insurance | 29 261 103 | 47 696 | 26 765 895 | 46 305 | 9.32% | 20.45% |
Acceptances (life) | 250 276 | 408 | 173 129 | 300 | 44.56% | 0.18% |
Total life | 63 180 270 | 102 984 | 56 142 735 | 97 127 | 12.54% | 44.16% |
Grand total | 143 071 397 | 233 206 | 124 873 392 | 216 031 | 14.57% | 100% |
(1) Provisional figures
(2) Updated figures
(3) Growth rate in FCFA
Exchange rate as at 12/31/2022: 1 FCFA = 0.00163 USD; as at 31/12/2021: 1 FCFA = 0.00173 USD
Read also | Insurance companies in Burkina Faso
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Mon, 22/05/2023 - 14:35
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