The Congo Brazzaville insurance industry: 2004-2005

Crédit photo: US Gov / CIA World Factbook

The Congo Brazzaville insurance industry features

  • Regulatory authority: Ministry of Economy and Finance
  • Premiums (2005): 31 055 853 USD
  • Insurance density (2005): 8.39 USD
  • Penetration rate (2005): 0.56%

The Congo Brazzaville insurance market structure in 2005

  • Insurance companies: 2
  • Brokers: 8

Identity

  • Area: 342 000 Km2
  • Population (2006): 3 702 314 inhabitants
  • GDP (2006): 5.093 billion USD
  • GDP per capita (2006): 1 300 USD
  • GDP growth rate (2006): 6%
  • Inflation rate (2006): 2.6%
  • Main economic sectors: agriculture, oil, wood, potasse, uranium

Major cities

(in number of inhabitants)

  • Brazzaville (capital): 900 000
  • Pointe Noire : 600 000
  • Dolisie: 94 700
 

The Congo Brazzaville insurance industry: Turnover evolution 2001-2005

in millions USD
Written premiums200120022003200420052004/2005
growth rate
Non life
10.213.140.228.430.98.72%
Life
0.0390.0550.1170.1290.118
Total
10.239 13.155 40.317 28.529 31.018

The Congo Brazzaville insurance industry: Premiums split by class of business* 2004-2005

in USD
Classes2004Share (%)2005Share (%)
Non life
Motor
10 005 98827.349 057 65829.17
Accidents & health
2 678 6427.322 160 3606.96
Fire
1 536 9264.202 167 5676.97
GTPL
1 051 8962.87866 6662.79
Marine
2 025 9485.542 093 6936.75
Miscellaneous
11 161 67652.3714 554 05446.98
Sub total
28 461 07699.6430 899 99899.62
Life
Sub total
129 7400.36118 9190.38
Grand total
28 590 816100%31 018 917100%
* Figures excluding reinsurance acceptances
Exchange rate
USD/XAF as at 31/12
2001
2002
2003
2004
2005
775
654
546
501
555
0
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