Research and Markets: The Insurance Industry in Senegal, Key Trends and Opportunities to 2017

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/7s97vh/the_insurance) has announced the addition of the "The Insurance Industry in Senegal, Key Trends and Opportunities to 2017" report to their offering.

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.

Key Highlights

  • The Senegalese insurance industry is the third-largest among the Inter-African Conference on Insurance Markets
  • Growth in the construction industry, government initiatives towards private spending, rising automobile sales, and an increasing tendency towards savings supported the growth of the Senegalese insurance industry, which recorded a review-period CAGR of 8.3%
  • The frequent occurrence of natural disasters such as flooding significantly affected the country's non-life segment, especially property insurance
  • The non-life segment was led by motor insurance, followed by property, marine, aviation and transit insurance and general liability insurance
  • Exports played a significant role in the growth of the insurance industry
  • As of 2013, there were 21 insurers and one reinsurer operating in the country: six in the life segment and 15 in the non-life segment

Key Topics Covered:

1 Executive Summary

2 Introduction

3 Senegalese Insurance Industry Overview

4 Industry Segmentation

5 Governance, Risk and Compliance

6 Competitive Landscape

7 Economic Indicators

8 Appendix

Companies Mentioned

  • Allianz Sénégal Assurances Vie
  • Amsa Assurances Vie
  • Axa Assurances SA
  • La Prévoyance Assurances SA
  • Nsia Sénégal Assurances
  • Sonam Assurances SA
  • Union des Assurances du Sénégal Vie (Uasen Vie)

For more information visit http://www.researchandmarkets.com/research/7s97vh/the_insurance.

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Insurance

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Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Insurance