The Insurance Industry in Burkina Faso, Key Trends and Opportunities to 2017 Published By MarketResearchReports.biz MarketResearchReports.Biz announces addition of new report “The Insurance Industry in Burkina Faso, Key Trends and Opportunities to 2017” to its database. Description 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 Executive 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 growth in line with the economy, the gross written premium increased by 11.9% in 2012 and 9.6% in 2013. The industry is projected to benefit from an estimated GDP growth rate of 7.9% in 2014 (according to IMF). Scope This report provides a comprehensive analysis of the insurance industry in Burkina Faso: It provides historical values for the Burkinabe insurance industry for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period. It offers a detailed analysis of the key segments and categories in the Burkinabe insurance industry, along with forecasts until 2017. It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions. It profiles the top insurance companies in Burkina Faso, and outlines the key regulations
The insurance industry in burkina faso, key trends and opportunities to 2017
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