Burkina Faso insurance market in 2023

November 07, 2024
ND
In thousands
Class of business2023 turnover2022 turnover2022-2023 evolution (1)2023 shares
FCFAUSDFCFAUSD
Motor30 510 29751 25731 079 90750 660-1.83%19.34%
Bodily injury and health22 250 94237 38219 051 66431 05416.79%14.11%
Fire and other property damage15 904 06926 71915 859 85625 8520.28%10.08%
Marine6 872 40011 5466 581 32810 7274.42%4.36%
Third party liability2 633 8434 4252 787 0784 543-5.50%1.67%
Miscellaneous accident6 206 21010 4263 961 3346 45756.67%3.93%
Acceptances (non life)3 766 2036 327569 960929560.78%2.39%
Non life total88 143 964148 08279 891 127130 22210.33%55.88%
Individual insurance36 382 55761 12233 668 89154 8808.06%23.07%
Group insurance32 926 08455 31629 261 10347 69612.53%20.87%
Acceptances (life)278 553468250 27640811.30%0.18%
Life total69 587 194116 90663 180 270102 98410.14%44.12%
Grand total157 731 158264 988143 071 397233 20610.25%100%

(1) Growth rate in local currency
Exchange rate as at 12/31/2023: 1 FCFA = 0.00168 USD; as at 12/31/2022: 1 FCFA = 0.00163 USD


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