Insurance industry in Côte d'Ivoire: 2017 turnover per company and class of business

The insurance industry in Côte d'Ivoire: 2017 turnover per life insurance company

in thousands

	2017 turnover		2016 turnover		2017 market shares	2016-2017 evolution ⁽¹⁾
	In FCFA	In USD	In FCFA	In USD	2017 market shares	2016-2017 evolution ⁽¹⁾
SUNU VIE	48 742 936	89 200	43 879 460	70 558	33.09%	11.08%
NSIA VIE	28 853 111	52 801	26 230 508	42 179	19.59%	10.00%
SAHAM VIE	23 510 881	43 025	20 667 000	33 233	15.96%	13.76%
ALLIANZ VIE	20 857 325	38 169	18 725 341	30 110	14.16%	11.39%
LA LOYALE VIE	9 016 269	16 500	9 330 428	15 003	6.12%	-3.37%
BELIFE	7 275 430	13 314	6 665 536	10 718	4.94%	9.15%
AA VIE	4 970 173	9 095	4 035 190	6 489	3.37%	23.17%
SOMAVIE	2 204 229	4 034	2 592 298	4 169	1.50%	-14.97%
AAA VIE	1 249 381	2 286	861 441	1 385	0.85%	45.03%
SAAR VIE	594 635	1 088	515 736	829	0.38%	15.30%
AXA VIE	42 481	78	-	-	0.03%	-
Total	147 316 851	269 590	133 502 938	214 673	100.00%	10.35%

⁽¹⁾ Growth rate in local currency

in thousands USD

	Individual life insurance	Group life insurance	Acceptance	Total
SUNU VIE	38 242	49 957	1 001	89 200
NSIA VIE	31 453	21 349	-1	52 801
SAHAM VIE	31 872	11 153		43 025
ALLIANZ VIE	3 582	34 587		38 169
LA LOYALE VIE	9 678	6 822		16 500
BELIFE	12 698	549	67	13 314
AA VIE	8 282	813		9 095
SOMAVIE	1 624	2 410		4 034
AAA VIE	2 087	41	158	2 286
SAAR VIE	803	285		1 088
AXA VIE	77	1		78
Total	140 397	127 967	1 225	269 590

The insurance industry in Côte d'Ivoire: market shares of the life insurance companies in 2017

Source: ASACI (Association of insurance companies in Côte d’Ivoire)

in thousands

	2017 turnover		2016 turnover		2017 market shares	2016-2017 evolution ⁽¹⁾
	In FCFA	In USD	In FCFA	In USD	2017 market shares	2016-2017 evolution ⁽¹⁾
SAHAM	52 485 540	96 049	50 516 377	81 230	29.54%	3.90%
ALLIANZ	18 840 445	34 478	19 456 286	31 286	10.60%	-3.17%
SUNU	18 086 300	33 098	13 810 758	22 208	10.18%	30.96%
AXA	17 092 196	31 278	15 506 209	24 934	9.62%	10.23%
NSIA	16 090 883	29 447	15 825 253	25 447	9.05%	1.68%
ATLANTIQUE	11 451 224	20 956	10 150 115	16 321	6.44%	12.82%
MATCA	5 815 867	10 643	5 019 820	8 072	3.27%	15.86%
SIDAM	5 016 521	9 180	6 735 540	10 831	2.82%	-25.52%
ATLAS	4 619 784	8 454	4 167 603	6 701	2.60%	10.85%
AMSA	4 254 541	7 786	3 833 094	6 164	2.39%	10.99%
SONAM *	4 248 798	7 775	2 680 254	4 310	2.39%	58.52%
GNA	3 926 257	7 186	4 349 450	6 994	2.21%	-9.73%
SERENITY	3 776 868	6 912	4 054 432	6 520	2.13%	-6.85%
2ACI ****	3 643 074	6 667	2 789 190	4 485	2.05%	30.61%
TSA ***	-	-	5 521 451	8 878	-	-
FEDAS**	-	-	2 134 529	3 432	-	-
LA LOYALE **	-	-	1 718 845	2 764	-	-
STANE	3 185 175	5 828	-	-	1.79%	-
SAAR	2 702 658	4 946	1 163 334	1 871	1.52%	132.32%
WAFA	2 227 272	4 076	-	-	1.25%	-
COMAR	125 799	230	-	-	0.08%	-
ATLANTA	113 266	208	-	-	0.07%	-
Total	177 702 468	325 195	169 432 540	272 448	100%	4.88%

⁽¹⁾ Growth rate in local currency
* previously AAA
** data not received
*** under provisional administration
**** previously Safa assurances

in thousands USD

	Bodily injury & Health	Motor	Fire and property damage	TPL	Marine	Misc. risks	Acceptance	Total
SAHAM	28 253	23 008	26 625	3 127	11 990	3 046		96 049
ALLIANZ	10 517	8 171	8 305	1 261	3 398	2 826		34 478
SUNU	12 626	8 213	9 883	1 208	1 100	-	67	33 098
AXA	6 702	9 506	5 035	689	7 530	1 816		31 278
NSIA	9 533	7 261	3 383	1 862	3 828	3 118	462	29 447
ATLANTIQUE	7 153	8 821	2 677	775	1044	486		20 956
MATCA	-	10 643	-	-	-	-		10 643
SIDAM	3 404	3 655	797	201	757	366		9 180
ATLAS	2 034	5 584	205	131	132	368		8 454
AMSA	2 523	2 970	1 523	346	424	-		7 786
SONAM*	372	7 052	139	42	170	-		7 775
GNA	1610	4270	371	191	302	720	-278	7 186
SERENITY	773	3 279	416	200	272	1 972		6 912
2ACI**	1 435	3 600	951	354	327	-		6 667
Stane	5 690	128	2	5	3	-		5 828
SAAR	2 321	2 025	279	109	36	175		4 945
Wafa	1 569	1 087	1 221	140	59	-		4 076
Atlanta	0.724	170	25	11	1	-		208
Comar	62	61	72	34	1	-		230
Total	96 578	109 504	61 909	10 686	31 374	14 893	251	325 195

The insurance industry in Côte d'Ivoire: 2017 market shares of non life insurance companies

Source: ASACI (Association of insurance companies in Côte d’Ivoire)

Exchange rate FCFA/USD as at 31/12	2016	2017
Exchange rate FCFA/USD as at 31/12	001608	0.00183

Read also | The Ivorian insurance market in 2018

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Fri, 09/11/2018 - 15:42