The Insurance Industry in Burkina Faso, Key Trends and Opportunities to 2022

2018-06-30
Price :
Published : Jun-2018
No. of Pages : 134
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Industry Outlook
4.1 Industry Indicators
4.1.1 Direct written premium
4.1.2 Insurance density
4.1.3 Paid claims
5 Life Insurance Outlook
5.1 Segment Indicators
5.1.1 Direct written premium
5.1.2 Paid claims
5.1.3 Penetration
5.1.4 Assets and investments
6 General Insurance Outlook
6.1 Segment Indicators
6.1.1 Gross written premium
6.1.2 Direct written premium
6.1.3 Paid claims
6.1.4 Penetration
6.1.5 Loss ratio
6.1.6 Assets and investments
6.2 Property Insurance
6.2.1 Direct written premium
6.2.2 Penetration
6.2.3 Profitability
6.3 Motor Insurance
6.3.1 Direct written premium
6.3.2 Penetration
6.3.3 Profitability
6.4 Liability Insurance
6.4.1 Direct written premium
6.4.2 Penetration
6.4.3 Profitability
6.5 Marine, Aviation and Transit Insurance
6.5.1 Direct written premium
6.5.2 Penetration
6.5.3 Profitability
6.6 Personal Accident and Health Insurance
6.6.1 Direct written premium
6.6.2 Penetration
6.6.3 Profitability
6.7 Miscellaneous
6.7.1 Direct written premium
6.7.2 Penetration
6.7.3 Profitability
7 Reinsurance Outlook
7.1 Premium Ceded
8 Distribution Channel Outlook
9 Natural and Man-Made Hazards
9.1 Flooding
9.2 Droughts
9.3 Man Made Hazards
9.4 Epidemics
9.5 Exposure
10 Competitive Landscape
10.1 Company Profiles
10.1.1 Societe Nationale d'Assurances et de Reassurances - company overview
10.1.2 Union Des Assurances Du Burkina - company overview
10.1.3 Allianz Burkina Assurance - company overview
10.1.4 Saham Assurance - company overview
10.1.5 Generale des Assurances - company overview
11 Governance, Risk and Compliance
11.1 Legislation Overview and Historical Evolution
11.2 Latest Changes in Regulation
11.3 Legislation and Market Practice by Type of Insurance
11.3.1 Life insurance
11.3.2 Property insurance
11.3.3 Motor insurance
11.3.4 Liability insurance
11.3.5 Marine, aviation and transit insurance
11.3.6 Personal accident and health insurance
11.4 Compulsory Insurance
11.4.1 Motor third-party liability insurance
11.4.2 Professional indemnity insurance for insurance intermediaries
11.4.3 Worker's compensation
11.5 Supervision and Control
11.5.1 International Association of Insurance Supervisors
11.5.2 Commission Regional des Assurances
11.5.3 Directions Nationales des Assurances
11.6 Non-Admitted Insurance Regulations
11.6.1 Overview
11.6.2 Intermediaries
11.6.3 Market practices
11.6.4 Fines and Penalties
11.7 Company Registration and Operations
11.7.1 Type of insurance organization
11.7.2 Establishing a local company
11.7.3 Foreign ownership
11.7.4 Types of license
11.7.5 Capital requirements
11.7.6 Solvency margin
11.7.7 Reserve requirements
11.7.8 Investment regulations
11.7.9 Statutory return requirements
11.7.10 Fee structure
11.8 Taxation
11.8.1 Insurance premium or policy taxation
11.8.2 Withholding taxes on premium paid overseas
11.8.3 Corporate tax
11.8.4 VAT
11.8.5 Captives
11.9 Legal System
11.9.1 Introduction
11.9.2 Access to court
11.9.3 Alternative dispute resolution
12 Databook
12.1 Life Insurance
12.1.1 Policies and premium
12.1.2 Claims and expenses
12.1.3 Assets and investments
12.2 General Insurance
12.2.1 Policies and premium
12.2.2 Claims and expenses
12.2.3 Assets and investments
12.2.4 Property insurance
12.2.5 Property insurance by category
12.2.6 Motor insurance
12.2.7 Motor insurance by category
12.2.8 Liability insurance
12.2.9 Marine, aviation and transit insurance
12.2.10 Marine, aviation and transit insurance by category
12.2.11 Personal accident and health insurance
12.2.12 Miscellaneous
13 Definitions and Methodology
13.1 Definitions
13.2 Methodology
14 About GlobalData
14.1 Contact GlobalData
14.2 About GlobalData
14.3 GlobalData's Services
14.4 Disclaimer

List of Tables
Table 1: Burkinabé Insurance Industry - Key Facts, 2017
Table 2: Burkinabé Insurance Industry - Industry Shares of the Top Insurers, 2017
Table 3: Burkinabé Government Credit Ratings
Table 4: Burkinabé Insurance Industry - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
Table 5: Burkinabé Insurance Industry - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
Table 6: Burkinabé Insurance Industry - Density (XOF), 2013-2017
Table 7: Burkinabé Insurance Industry - Density (XOF), 2017-2022
Table 8: Burkinabé Insurance Industry - Paid Claims (XOF Billion and US$ Million), 2013-2017
Table 9: Burkinabé Insurance Industry - Paid Claims (XOF Billion and US$ Million), 2017-2022
Table 10: Burkinabé Life Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
Table 11: Burkinabé Life Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
Table 12: Burkinabé Life Insurance - Paid Claims (XOF Billion and US$ Million), 2013-2017
Table 13: Burkinabé Life Insurance - Paid Claims (XOF Billion and US$ Million), 2017-2022
Table 14: Burkinabé Life Insurance - Total Investment Income (XOF Billion and US$ Million), 2013-2017
Table 15: Burkinabé Life Insurance - Total Investment Income (XOF Billion and US$ Million), 2017-2022
Table 16: Burkinabé Life Insurance - Investment Portfolio (XOF Billion), 2013-2017
Table 17: Burkinabé Life Insurance - Investment Portfolio (XOF Billion), 2017-2022
Table 18: Burkinabé General Insurance - Gross Written Premium (XOF Billion and US$ Million), 2013-2017
Table 19: Burkinabé General Insurance - Gross Written Premium (XOF Billion and US$ Million), 2017-2022
Table 20: Burkinabé General Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
Table 21: Burkinabé General Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
Table 22: Burkinabé General Insurance - Paid Claims (XOF Billion and US$ Million), 2013-2017
Table 23: Burkinabé General Insurance - Paid Claims (XOF Billion and US$ Million), 2017-2022
Table 24: Burkinabé General Insurance - Total Investment Income (XOF Billion and US$ Million), 2013-2017
Table 25: Burkinabé General Insurance - Total Investment Income (XOF Billion and US$ Million), 2017-2022
Table 26: Burkinabé General Insurance - Investment Portfolio (XOF Billion), 2013-2017
Table 27: Burkinabé General Insurance - Investment Portfolio (XOF Billion), 2017-2022
Table 28: Burkinabé Property Insurance - Direct Written Premium (XOF Billion and US$ Billion), 2013-2017
Table 29: Burkinabé Property Insurance - Direct Written Premium (XOF Billion and US$ Billion), 2017-2022
Table 30: Burkinabé Property Insurance - Loss Ratio (%), 2013-2017
Table 31: Burkinabé Property Insurance - Loss Ratio (%), 2017-2022
Table 32: Burkinabé Motor Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
Table 33: Burkinabé Motor Insurance - Gross Written Premium (XOF Billion and US$ Million), 2017-2022
Table 34: Burkinabé Motor Insurance - Loss Ratio (%), 2013-2017
Table 35: Burkinabé Motor Insurance - Loss Ratio (%), 2017-2022
Table 36: Burkinabé Liability Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
Table 37: Burkinabé Liability Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
Table 38: Burkinabé Liability Insurance - Loss Ratio (%), 2013-2017
Table 39: Burkinabé Liability Insurance - Loss Ratio (%), 2017-2022
Table 40: Burkinabé Marine, Aviation and Transit Insurance - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
Table 41: Burkinabé Marine, Aviation and Transit Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
Table 42: Burkinabé Marine, Aviation and Transit Insurance - Loss Ratio (%), 2013-2017
Table 43: Burkinabé Marine, Aviation and Transit Insurance - Loss Ratio (%), 2017-2022
Table 44: Burkinabé Personal Accident and Health Insurance - Direct Written Premium (XOF Billion and US$ Billion), 2013-2017
Table 45: Burkinabé Personal Accident and Health Insurance - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
Table 46: Burkinabé Personal Accident and Health Insurance - Loss Ratio (%), 2013-2017
Table 47: Burkinabé Personal Accident and Health Insurance - Loss Ratio (%), 2017-2022
Table 48: Burkinabé Miscellaneous - Direct Written Premium (XOF Billion and US$ Million), 2013-2017
Table 49: Burkinabé Miscellaneous - Direct Written Premium (XOF Billion and US$ Million), 2017-2022
Table 50: Burkinabé Miscellaneous - Loss Ratio (%), 2013-2017
Table 51: Burkinabé Miscellaneous - Loss Ratio (%), 2017-2022
Table 52: Burkinabé Reinsurance - Premium Ceded by Insurance Segment (XOF Billion), 2013-2017
Table 53: Burkinabé Reinsurance - Premium Ceded by Insurance Segment (XOF Billion), 2017-2022
Table 54: Burkinabé Insurance Industry - Market Share of Leading Insurers (%), 2016
Table 55: Burkinabé Insurance Industry - Market Share of Life Insurers (%), 2016
Table 56: Burkinabé Insurance Industry - Market Share of General Insurers (%), 2016
Table 57: Societe Nationale d'Assurances et de Reassurances - Key Facts
Table 58: Union des Assurances du Burkina - Key Facts
Table 59: Allianz Burkina Assurance - Key Facts
Table 60: Saham Assurance - Key Facts
Table 61: Generale des Assurances - Key Facts
Table 62: Burkina Faso - Insurance Regulatory Framework Key Features
Table 63: Burkina Faso - Intermediary Remuneration Rates
Table 64: Burkina Faso - Life Insurance Regulatory Framework
Table 65: Burkina Faso - Property Insurance Regulatory Framework
Table 66: Burkina Faso - Motor Insurance Regulatory Framework
Table 67: Burkina Faso - Liability Insurance Regulatory Framework
Table 68: Burkina Faso - Insurance Premium Tax Rates
Table 69: Burkina Faso - Corporate Tax Rates for the Financial Year 2017
Table 70: Burkinabé Life Insurance - Policies and Premium, 2013-2017
Table 71: Burkinabé Life Insurance - Policies and Premium, 2017-2022
Table 72: Burkinabé Life Insurance - Claims and Expenses, 2013-2017
Table 73: Burkinabé Life Insurance - Claims and Expenses, 2017-2022
Table 74: Burkinabé Life Insurance - Assets and Investments, 2013-2017
Table 75: Burkinabé Life Insurance - Assets and Investments, 2017-2022
Table 76: Burkinabé General Insurance - Policies and Premium, 2013-2017
Table 77: Burkinabé General Insurance - Policies and Premium, 2017-2022
Table 78: Burkinabé General Insurance - Claims and Expenses, 2013-2017
Table 79: Burkinabé General Insurance - Claims and Expenses, 2017-2022
Table 80: Burkinabé General Insurance - Assets and Investments, 2013-2017
Table 81: Burkinabé General Insurance - Assets and Investments, 2017-2022
Table 82: Burkinabé General Insurance - Property Insurance, 2013-2017
Table 83: Burkinabé General Insurance - Property Insurance, 2017-2022
Table 84: Burkinabé General Insurance - Property Insurance by Category, 2013-2017
Table 85: Burkinabé General Insurance - Property Insurance by Category, 2017-2022
Table 86: Burkinabé General Insurance - Motor Insurance, 2013-2017
Table 87: Burkinabé General Insurance - Motor Insurance, 2017-2022
Table 88: Burkinabé General Insurance - Motor Insurance by Category, 2013-2017
Table 89: Burkinabé General Insurance - Motor Insurance by Category, 2017-2022
Table 90: Burkinabé General Insurance - Liability Insurance, 2013-2017
Table 91: Burkinabé General Insurance - Liability Insurance, 2017-2022
Table 92: Burkinabé General Insurance - Marine, Aviation and Transit Insurance, 2013-2017
Table 93: Burkinabé General Insurance - Marine, Aviation and Transit Insurance, 2017-2022
Table 94: Burkinabé General Insurance - Marine Aviation and Transit Insurance by Category, 2013-2017
Table 95: Burkinabé General Insurance - Marine Aviation and Transit Insurance by Category, 2017-2022
Table 96: Burkinabé General Insurance - Personal Accident and Health Insurance, 2013-2017
Table 97: Burkinabé General Insurance - Personal Accident and Health Insurance, 2017-2022
Table 98: Burkinabé General Insurance - Miscellaneous, 2013-2017
Table 99: Burkinabé General Insurance - Miscellaneous, 2017-2022
Table 100: Insurance Industry Definitions

List of Figures
Figure 1: Burkinabé Real GDP (XOF Trillion), 2013-2022
Figure 2: Burkinabé Exchange Rate (XOF per US$), 2013-2022
Figure 3: Burkinabé Consumer Price Inflation (%), 2013-2022
Figure 4: Burkinabé Current Account Balance as Percentage of GDP (%), 2013-2017
Figure 5: Burkinabé Unemployment Rate, 2013-2022
Figure 6: Burkinabé Population by Age Group, 2013-2022
Figure 7: Burkinabé Insurance Industry - Direct Written Premium (XOF Billion), 2013-2022
Figure 8: Burkinabé Insurance Industry - Density (XOF), 2013-2022
Figure 9: Burkinabé Insurance Industry - Paid Claims (XOF Billion), 2013-2022
Figure 10: Burkinabé Life Insurance - Direct Written Premium (XOF Billion), 2013-2022
Figure 11: Burkinabé Life Insurance - Paid Claims (XOF Billion), 2013-2022
Figure 12: Burkinabé Life Insurance - Penetration (%), 2013-2017
Figure 13: Burkinabé Life Insurance - Penetration (%), 2017-2022
Figure 14: Burkinabé Life Insurance - Total Investment Income (XOF Billion), 2013-2022
Figure 15: Burkinabé Life Insurance - Investment Portfolio (XOF Billion), 2013-2022
Figure 16: Burkinabé Life Insurance - Investment Portfolio Dynamics (XOF Billion), 2013-2022
Figure 17: Burkinabé General Insurance - Gross Written Premium (XOF Billion), 2013-2022
Figure 18: Burkinabé General Insurance - Direct Written Premium (XOF Billion), 2013-2022
Figure 19: Burkinabé General Insurance - Paid Claims (XOF Billion), 2013-2022
Figure 20: Burkinabé General Insurance - Penetration (%), 2013-2017
Figure 21: Burkinabé General Insurance - Penetration (%), 2017-2022
Figure 22: Burkinabé General Insurance - Loss Ratio (%), 2013-2017
Figure 23: Burkinabé General Insurance - Loss Ratio (%), 2017-2022
Figure 24: Burkinabé General Insurance - Total Investment Income (XOF Billion), 2013-2022
Figure 25: Burkinabé General Insurance - Investment Portfolio (XOF Billion), 2013-2022
Figure 26: Burkinabé General Insurance - Investment Portfolio Dynamics (XOF Billion), 2013-2022
Figure 27: Burkinabé Property Insurance - Direct Written Premium (XOF Billion), 2013-2022
Figure 28: Burkinabé Property Insurance - Penetration (%), 2013-2017
Figure 29: Burkinabé Property Insurance - Penetration (%), 2017-2022
Figure 30: Burkinabé Property Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022
Figure 31: Burkinabé Motor Insurance - Direct Written Premium (XOF Billion), 2013-2022
Figure 32: Burkinabé Motor Insurance - Penetration (%), 2013-2017
Figure 33: Burkinabé Motor Insurance - Penetration (%), 2017-2022
Figure 34: Burkinabé Motor Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022
Figure 35: Burkinabé Liability Insurance - Direct Written Premium (XOF Billion), 2013-2022
Figure 36: Burkinabé Liability Insurance - Penetration (%), 2013-2017
Figure 37: Burkinabé Liability Insurance - Penetration (%), 2017-2022
Figure 38: Burkinabé Liability Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022
Figure 39: Burkinabé Marine, Aviation and Transit Insurance - Direct Written Premium (XOF Billion), 2013-2022
Figure 40: Burkinabé Marine, Aviation and Transit Insurance - Penetration (%), 2013-2017
Figure 41: Burkinabé Marine, Aviation and Transit Insurance - Penetration (%), 2017-2022
Figure 42: Burkinabé Marine, Aviation and Transit Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022
Figure 43: Burkinabé Personal Accident and Health Insurance - Direct Written Premium (XOF Billion), 2013-2022
Figure 44: Burkinabé Personal Accident and Health Insurance - Penetration (%), 2013-2017
Figure 45: Burkinabé Personal Accident and Health Insurance - Penetration (%), 2017-2022
Figure 46: Burkinabé Personal Accident and Health Insurance - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022
Figure 47: Burkinabé Miscellaneous - Direct Written Premium (XOF Billion), 2013-2022
Figure 48: Burkinabé Miscellaneous - Penetration (%), 2013-2017
Figure 49: Burkinabé Miscellaneous - Penetration (%), 2017-2022
Figure 50: Burkinabé Miscellaneous - Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022
Figure 51: Burkinabé Reinsurance - Premium Ceded by Insurance Segment (XOF Billion), 2013-2022
Figure 52: Burkinabé General Insurance - Percentage of Reinsurance Ceded (%), 2013-2022
Figure 53: Burkinabé Insurance Industry - Market Share of Leading Insurers (%), 2016
Figure 54: Burkinabé Insurance Industry - Market Share of Life Insurers (%), 2016
Figure 55: Burkinabé Insurance Industry - Market Share of General Insurers (%), 2016
Figure 56: Burkina Faso - Insurance Supervision and Control at Various Levels
Figure 57: Burkina Faso - Insurance Regulatory Frameworks for Company Registration and Operation
Filed in: Banking & Finance, Insurance
Publisher : GlobalData