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The Insurance Industry in Burkina Faso, Key Trends and Opportunities to 2017. - Product Image

The Insurance Industry in Burkina Faso, Key Trends and Opportunities to 2017.

  • ID: 2786204
  • April 2014
  • Region: Burkina Faso
  • 123 Pages
  • Timetric

FEATURED COMPANIES

  • Allianz Insurance Burkina
  • Colina SA
  • General Insurance
  • Raynal Assurances SA
  • MORE

The report provides in-depth industry analysis, information and insights of the insurance industry in Burkina Faso, including:

- The Burkinabe insurance industry's growth prospects by insurance segments and categories

- The competitive landscape in the Burkinabe insurance industry

- The current trends and drivers of the Burkinabe insurance industry

- Challenges facing the Burkinabe insurance industry

Summary

Burkina Faso has a small insurance industry that was liberalized in 1978. Prior to liberalization, there was only one state-owned insurance company: Society National Insurance and Reinsurance (SONAR). Following the liberalization, Union des Assurances du Burkina Vie (UAB) and AGF Burkina Assurances began operations.

Foreign-based insurance companies entered the industry in the 1990s. The country's economy is heavily reliant on exports and its main export partners are Switzerland, China, Belgium, Nigeria and Singapore. The global financial crisis in 2008 caused a decline in exports from the country, which adversely affected the industry due to its negative economic impact. However, the country's insurance industry exhibited gradual READ MORE >

FEATURED COMPANIES

  • Allianz Insurance Burkina
  • Colina SA
  • General Insurance
  • Raynal Assurances SA
  • MORE

1 Executive Summary

2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology

3 Burkinabe Insurance Industry Overview
3.1 Burkina Faso Insurance Industry
3.2 Key Industry Trends and Drivers
3.3 Challenges

4 Industry Segmentation
4.1 Life Insurance
4.1.1 Individual endowment insurance
4.1.2 Individual marriage and birth insurance
4.1.3 Group life insurance
4.2 Non-Life Insurance
4.2.1 Property insurance
4.2.2 Motor insurance
4.2.3 Liability insurance
4.2.4 Marine, aviation and transit insurance
4.3 Personal Accident and Health Insurance
4.4 Reinsurance

5 Competitive Landscape
5.1 Overview
5.2 Leading Companies
5.2.1 Union of Burkina Insurance - company overview
5.2.2 Society National Insurance and Reinsurance - company overview
5.2.3 General Insurance - company overview
5.2.4 Allianz Insurance Burkina - company overview
5.2.5 Colina SA - company overview
5.2.6 Raynal Assurance SA - company overview

6 Economic Indicators
6.1 GDP at Constant Prices (US$)
6.2 GDP per Capita at Constant Prices (US$)
6.3 GDP at Current Prices (US$)
6.4 GDP per Capita at Current Prices (US$)
6.5 Inflation Rate
6.6 Size of Labor Force
6.7 Total Internet Subscribers
6.8 Total Population
6.9 Annual Average Exchange Rate EUR-US$

7 Appendix
7.1 Methodology
7.2 Contact
7.3 About
7.4 Services
7.5 Disclaimer

List of Tables

Table 1: Insurance Industry Definitions
Table 2: Burkinabe Insurance - Overall Written Premium by Segment (XOF Billion), 2009-2013
Table 3: Burkinabe Insurance - Overall Written Premium by Segment (US$ Million), 2009-2013
Table 4: Burkinabe Insurance - Overall Written Premium by Segment (XOF Billion), 2013-2018
Table 5: Burkinabe Insurance - Overall Written Premium by Segment (US$ Million), 2013-2018
Table 6: Burkinabe Insurance - Segmentation (Percentage Share), 2009-2018
Table 7: Burkinabe Life Insurance - Written Premium by Category (XOF Billion), 2009-2013
Table 8: Burkinabe Life Insurance - Written Premium by Category (US$ Million), 2009-2013
Table 9: Burkinabe Life Insurance - Written Premium by Category (XOF Billion), 2013-2018
Table 10: Burkinabe Life Insurance - Written Premium by Category (US$ Million), 2013-2018
Table 11: Burkinabe Life Insurance - Paid Claims (XOF Billion), 2009-2013
Table 12: Burkinabe Life Insurance - Paid Claims (XOF Billion), 2013-2018
Table 13: Burkinabe Life Insurance - Incurred Loss (XOF Billion), 2009-2013
Table 14: Burkinabe Life Insurance - Incurred Loss (XOF Billion), 2013-2018
Table 15: Burkinabe Life Insurance - Loss Ratio (%), 2009-2013
Table 16: Burkinabe Life Insurance - Loss Ratio (%), 2013-2018
Table 17: Burkinabe Life Insurance - Combined Ratio (%), 2009-2013
Table 18: Burkinabe Life Insurance - Combined Ratio (%), 2013-2018
Table 19: Burkinabe Life Insurance - Total Assets (XOF Billion), 2009-2013
Table 20: Burkinabe Life Insurance - Total Assets (XOF Billion), 2013-2018
Table 21: Burkinabe Life Insurance - Total Investment Income (XOF Billion), 2009-2013
Table 22: Burkinabe Life Insurance - Total Investment Income (XOF Billion), 2013-2018
Table 23: Burkinabe Life Insurance - Retentions (XOF Billion), 2009-2013
Table 24: Burkinabe Life Insurance - Retentions (XOF Billion), 2013-2018
Table 25: Burkinabe Individual Endowment Insurance - Written Premium (XOF Billion), 2009-2013
Table 26: Burkinabe Individual Endowment Insurance - Written Premium (XOF Billion), 2013-2018
Table 27: Burkinabe Individual Marriage and Birth Insurance - Written Premium (XOF Billion), 2009-2013
Table 28: Burkinabe Individual Marriage and Birth Insurance - Written Premium (XOF Billion), 2013-2018
Table 29: Burkinabe Group Life Insurance - Written Premium (XOF Billion), 2009-2013
Table 30: Burkinabe Group Life Insurance - Written Premium (XOF Billion), 2013-2018
Table 31: Burkinabe Non-Life Insurance - Written Premium by Category (XOF Billion), 2009-2013
Table 32: Burkinabe Non-Life Insurance - Written Premium by Category (US$ Million), 2009-2013
Table 33: Burkinabe Non-Life Insurance - Written Premium by Category (XOF Billion), 2013-2018
Table 34: Burkinabe Non-Life Insurance - Written Premium by Category (US$ Million), 2013-2018
Table 35: Burkinabe Non-Life Insurance - Paid Claims (XOF Billion), 2009-2013
Table 36: Burkinabe Non-Life Insurance - Paid Claims (XOF Billion), 2013-2018
Table 37: Burkinabe Non-Life Insurance - Incurred Loss (XOF Billion), 2009-2013
Table 38: Burkinabe Non-Life Insurance - Incurred Loss (XOF Billion), 2013-2018
Table 39: Burkinabe Non-Life Insurance - Loss Ratio (%), 2009-2013
Table 40: Burkinabe Non-Life Insurance - Loss Ratio (%), 2013-2018
Table 41: Burkinabe Non-Life Insurance - Combined Ratio (%), 2009-2013
Table 42: Burkinabe Non-Life Insurance - Combined Ratio (%), 2013-2018
Table 43: Burkinabe Non-Life Insurance - Total Assets (XOF Billion), 2009-2013
Table 44: Burkinabe Non-Life Insurance - Total Assets (XOF Billion), 2013-2018
Table 45: Burkinabe Non-Life Insurance - Total Investment Income (XOF Billion), 2009-2013
Table 46: Burkinabe Non-Life Insurance - Total Investment Income (XOF Billion), 2013-2018
Table 47: Burkinabe Non-Life Insurance - Retentions (XOF Billion), 2009-2013
Table 48: Burkinabe Non-Life Insurance - Retentions (XOF Billion), 2013-2018
Table 49: Burkinabe Property Insurance - Written Premium (XOF Billion), 2009-2013
Table 50: Burkinabe Property Insurance - Written Premium (XOF Billion), 2013-2018
Table 51: Burkinabe Motor Insurance - Written Premium (XOF Billion), 2009-2013
Table 52: Burkinabe Motor Insurance - Written Premium (XOF Billion), 2013-2018
Table 53: Burkinabe Liability Insurance - Written Premium (XOF Billion), 2009-2013
Table 54: Burkinabe Liability Insurance - Written Premium (XOF Billion), 2013-2018
Table 55: Burkinabe Marine, Aviation and Transit Insurance - Written Premium (XOF Billion), 2009-2013
Table 56: Burkinabe Marine, Aviation and Transit Insurance - Written Premium (XOF Billion), 2013-2018
Table 57: Burkinabe Personal Accident and Health Insurance - Paid Claims (XOF Billion), 2009-2013
Table 58: Burkinabe Personal Accident and Health Insurance - Paid Claims (XOF Billion), 2013-2018
Table 59: Burkinabe Personal Accident and Health Insurance - Incurred Loss (XOF Billion), 2009-2013
Table 60: Burkinabe Personal Accident and Health Insurance - Incurred Loss (XOF Billion), 2013-2018
Table 61: Burkinabe Personal Accident and Health Insurance - Loss Ratio (%), 2009-2013
Table 62: Burkinabe Personal Accident and Health Insurance - Loss Ratio (%), 2013-2018
Table 63: Burkinabe Personal Accident and Health Insurance - Combined Ratio (%), 2009-2013
Table 64: Burkinabe Personal Accident and Health Insurance - Combined Ratio (%), 2013-2018
Table 65: Burkinabe Personal Accident and Health Insurance - Total Assets (XOF Billion), 2009-2013
Table 66: Burkinabe Personal Accident and Health Insurance - Total Assets (XOF Billion), 2013-2018
Table 67: Burkinabe Personal Accident and Health Insurance - Total Investment Income (XOF Billion), 2009-2013
Table 68: Burkinabe Personal Accident and Health Insurance - Total Investment Income (XOF Billion), 2013-2018
Table 69: Burkinabe Personal Accident and Health Insurance - Retentions (XOF Billion), 2009-2013
Table 70: Burkinabe Personal Accident and Health Insurance - Retentions (XOF Billion), 2013-2018
Table 71: Burkinabe Reinsurance Ceded by Insurance Segment (XOF Billion), 2009-2013
Table 72: Burkinabe Reinsurance Ceded by Insurance Segment (US$ Million), 2009-2013
Table 73: Burkinabe Reinsurance Ceded by Insurance Segment (XOF Billion), 2013-2018
Table 74: Burkinabe Reinsurance Ceded by Insurance Segment (US$ Million), 2013-2018
Table 75: Burkinabe Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 76: Burkinabe Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 77: Burkinabe Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 78: Burkinabe Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 79: Burkinabe Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 80: Burkinabe Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 81: Burkinabe Life Insurance - Market Shares (%), 2010 and 2011
Table 82: Burkinabe Non-Life Insurance Segment- Market Shares (%), 2010 and 2011
Table 83: Union of Burkina Insurance, Main Products
Table 84: Union of Burkina Insurance, Key Employee
Table 85: Society National Insurance, Main Products
Table 86: Society National Insurance, Key Employee
Table 87: General Insurance, Main Products
Table 88: General Insurance, Key Employee
Table 89: Allianz Burkina Faso, Main Products
Table 90: Allianz Burkina Faso, Key Employees
Table 91: Colina SA, Main Products
Table 92: Colina SA, Key Employee
Table 93: Raynal Assurances SA, Main Products
Table 94: Raynal Assurances SA, Key Employees

List of Figures

Figure 1: Burkinabe Insurance - Overall Written Premium by Segment (XOF Billion), 2009-2018
Figure 2: Burkinabe Insurance - Dynamics by Segment (%), 2009-2018
Figure 3: Burkinabe Life Insurance - Written Premium by Category (XOF Billion), 2009-2018
Figure 4: Burkinabe Life Insurance - Written Premium by Category (%), 2013 and 2018
Figure 5: Burkinabe Life Insurance - Dynamics by Category (%), 2009-2018
Figure 6: Burkinabe Life Insurance - Paid Claims (XOF Billion), 2009-2013
Figure 7: Burkinabe Life Insurance - Paid Claims (XOF Billion), 2013-2018
Figure 8: Burkinabe Life Insurance - Incurred Loss (XOF Billion), 2009-2013
Figure 9: Burkinabe Life Insurance - Incurred Loss (XOF Billion), 2013-2018
Figure 10: Burkinabe Life Insurance - Loss Ratio (%), 2009-2013
Figure 11: Burkinabe Life Insurance - Loss Ratio (%), 2013-2018
Figure 12: Burkinabe Life Insurance - Combined Ratio (%), 2009-2013
Figure 13: Burkinabe Life Insurance - Combined Ratio (%), 2013-2018
Figure 14: Burkinabe Life Insurance - Total Assets (XOF Billion), 2009-2013
Figure 15: Burkinabe Life Insurance - Total Assets (XOF Billion), 2013-2018
Figure 16: Burkinabe Life Insurance - Total Investment Income (XOF Billion), 2009-2013
Figure 17: Burkinabe Life Insurance - Total Investment Income (XOF Billion), 2013-2018
Figure 18: Burkinabe Life Insurance - Retentions (XOF Billion), 2009-2013
Figure 19: Burkinabe Life Insurance - Retentions (XOF Billion), 2013-2018
Figure 20: Burkinabe Life Insurance - Investment (XOF Billion), 2009-2013
Figure 21: Burkinabe Life Insurance - Penetration (Percentage of GDP), 2009-2013
Figure 22: Burkinabe Life Insurance - Premium per Capita (XOF), 2009-2013
Figure 23: Burkinabe Individual Endowment Insurance - Written Premium (XOF Billion), 2009-2013
Figure 24: Burkinabe Individual Endowment Insurance - Written Premium (XOF Billion), 2013-2018
Figure 25: Burkinabe Individual Marriage and Birth Insurance - Written Premium (XOF Billion), 2009-2013
Figure 26: Burkinabe Individual Marriage and Birth Insurance - Written Premium (XOF Billion), 2013-2018
Figure 27: Burkinabe Group Life Insurance - Written Premium (XOF Billion), 2009-2013
Figure 28: Burkinabe Group Life Insurance - Written Premium (XOF Billion), 2013-2018
Figure 29: Burkinabe Non-Life Insurance - Written Premium by Category (XOF Billion), 2009-2018
Figure 30: Burkinabe Non-Life Insurance - Written Premium by Category (%), 2013 and 2018
Figure 31: Burkinabe Non-Life Insurance - Dynamics by Category (%), 2009-2018
Figure 32: Burkinabe Non-Life Insurance - Paid Claims (XOF Billion), 2009-2013
Figure 33: Burkinabe Non-Life Insurance - Paid Claims (XOF Billion), 2013-2018
Figure 34: Burkinabe Non-Life Insurance - Incurred Loss (XOF Billion), 2009-2013
Figure 35: Burkinabe Non-Life Insurance - Incurred Loss (XOF Billion), 2013-2018
Figure 36: Burkinabe Non-Life Insurance - Loss Ratio (%), 2009-2013
Figure 37: Burkinabe Non-Life Insurance - Loss Ratio (%), 2013-2018
Figure 38: Burkinabe Non-Life Insurance - Combined Ratio (%), 2009-2013
Figure 39: Burkinabe Non-Life Insurance - Combined Ratio (%), 2013-2018
Figure 40: Burkinabe Non-Life Insurance - Total Assets (XOF Billion), 2009-2013
Figure 41: Burkinabe Non-Life Insurance - Total Assets (XOF Billion), 2013-2018
Figure 42: Burkinabe Non-Life Insurance - Total Investment Income (XOF Billion), 2009-2013
Figure 43: Burkinabe Non-Life Insurance - Total Investment Income (XOF Billion), 2013-2018
Figure 44: Burkinabe Non-Life Insurance - Retentions (XOF Billion), 2009-2013
Figure 45: Burkinabe Non-Life Insurance - Retentions (XOF Billion), 2013-2018
Figure 46: Burkinabe Non-Life Insurance - Investment (XOF Billion), 2009-2013
Figure 47: Burkinabe Non-Life Insurance - Penetration (%), 2009-2013
Figure 48: Burkinabe Non-Life Insurance - Premium per Capita (XOF), 2009-2013
Figure 49: Burkinabe Property Insurance - Written Premium (XOF Million), 2009-2013
Figure 50: Burkinabe Property Insurance - Written Premium (XOF Billion), 2013-2018
Figure 51: Burkinabe Motor Insurance - Written Premium (XOF Billion), 2009-2013
Figure 52: Burkinabe Motor Insurance - Written Premium (XOF Billion), 2013-2018
Figure 53: Burkinabe Liability Insurance - Written Premium (XOF Billion), 2009-2013
Figure 54: Burkinabe Liability Insurance - Written Premium (XOF Billion), 2013-2018
Figure 55: Burkinabe Marine, Aviation and Transit Insurance - Written Premium (XOF Billion), 2009-2013
Figure 56: Burkinabe Marine, Aviation and Transit Insurance - Written Premium (XOF Billion), 2013-2018
Figure 57: Burkinabe Personal Accident and Health Insurance - Paid Claims (XOF Billion), 2009-2013
Figure 58: Burkinabe Personal Accident and Health Insurance - Paid Claims (XOF Billion), 2013-2018
Figure 59: Burkinabe Personal Accident and Health Insurance - Incurred Loss (XOF Billion), 2009-2013
Figure 60: Burkinabe Personal Accident and Health Insurance - Incurred Loss (XOF Billion), 2013-2018
Figure 61: Burkinabe Personal Accident and Health Insurance - Loss Ratio (%), 2009-2013
Figure 62: Burkinabe Personal Accident and Health Insurance - Loss Ratio (%), 2013-2018
Figure 63: Burkinabe Personal Accident and Health Insurance - Combined Ratio (%), 2009-2013
Figure 64: Burkinabe Personal Accident and Health Insurance - Combined Ratio (%), 2013-2018
Figure 65: Burkinabe Personal Accident and Health Insurance - Total Assets (XOF Billion), 2009-2013
Figure 66: Burkinabe Personal Accident and Health Insurance - Total Assets (XOF Billion), 2013-2018
Figure 67: Burkinabe Personal Accident and Health Insurance - Total Investment Income (XOF Billion), 2009-2013
Figure 68: Burkinabe Personal Accident and Health Insurance - Total Investment Income (XOF Billion), 2013-2018
Figure 69: Burkinabe Personal Accident and Health Insurance - Retentions (XOF Billion), 2009-2013
Figure 70: Burkinabe Personal Accident and Health Insurance - Retentions (XOF Billion), 2013-2018
Figure 71: Burkinabe Personal Accident and Health Insurance - Investment (XOF Billion), 2009-2013
Figure 72: Burkinabe Personal Accident and Health Insurance - Penetration (%), 2009-2013
Figure 73: Burkinabe Personal Accident and Health Insurance - Premium per Capita (XOF), 2009-2013
Figure 74: Burkinabe Reinsurance Ceded by Insurance Segment (XOF Billion), 2009-2018
Figure 75: Burkinabe Reinsurance - Dynamics by Insurance Segment (%), 2009-2018
Figure 76: Burkinabe Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Figure 77: Burkinabe Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Figure 78: Burkinabe Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Figure 79: Burkinabe Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Figure 80: Burkinabe Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Figure 81: Burkinabe Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Figure 82: Burkinabe Life Insurance - Market Shares (%), 2010 and 2011
Figure 83: Burkinabe Non-Life Insurance - Market Shares (%), 2010 and 2011
Figure 84: Burkinabe GDP at Constant Prices (US$ Billion), 2008-2012
Figure 85: Burkinabe GDP per Capita at Constant Prices (US$), 2008-2012
Figure 86: Burkinabe GDP at Current Prices (US$ Billion), 2008-2012
Figure 87: Burkinabe GDP per Capita at Current Prices (US$), 2008-2012
Figure 88: Burkinabe Inflation Rate (%), 2008-2012
Figure 89: Burkinabe Size of Labor Force (%), 2008-2012
Figure 90: Burkinabe Total Internet Subscribers (%), 2008-2012
Figure 91: Burkinabe Total Population (%), 2008-2012
Figure 92: Burkinabe Annual Average Exchange Rate US$-EUR, 2008-2012

- Allianz Insurance Burkina
- Colina SA
- General Insurance
- Raynal Assurances SA
- Society National Insurance and Reinsurance (SONAR)
- Union of Burkina Insurance

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