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 (Conférence Interafricaine des Marchés d’Assurances – CIMA) member states in terms of gross written premium. The Senegalese insurance industry registered significant growth during the review period (2009–2013). The growth of the Senegalese insurance industry was affected by the global financial crisis, however, the industry’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 (2013–2018). The insurance industry had 21 insurance companies and one reinsurance company in 2011.

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