The Insurance Industry in Senegal, Key Trends and Opportunities to 2018

Date: 2015-09

The Senegalese insurance industry is the third-largest among the Inter-African Conference on Insurance Markets (Confรฉrence Interafricaine des Marchรฉs d’Assurances โ€“ CIMA) member states in terms of gross written premium. The Senegalese insurance industry registered significant growth during the review period (2009โ€“2013). The growth of the Senegalese insurance industry was affected by the global financial crisis, however, the industryโ€™s written premium grew at a review-period CAGR of 7.5%. The insurance industry is expected to grow further at a CAGR of 8.3% during the forecast period (2013โ€“2018). The insurance industry had 21 insurance companies and one reinsurance company in 2011.


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