Burkina Faso Insurance Industry -Key Trends & Opportunities to 2017

1
The Insurance Industry in Burkina Faso, Key
Trends and Opportunities to 2017

• Published Apr 2014
• Single User PDF US 1950
• Corporate User PDF US 3900

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2
The Insurance Industry in Burkina Faso, Key
Trends and Opportunities to 2017

• Synopsis
• 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
• Get a detailed report at http//marketreportsstore
  .com/the-insurance-industry-in-burkina-faso-key-tr
  ends-and-opportunities-to-2017/ .

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3
The Insurance Industry in Burkina Faso, Key
Trends and Opportunities to 2017

• 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.

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4
The Insurance Industry in Burkina Faso, Key
Trends and Opportunities to 2017

• 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
  affecting them.
• Get a detailed report at http//marketreportsstore
  .com/the-insurance-industry-in-burkina-faso-key-tr
  ends-and-opportunities-to-2017/ .

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5
The Insurance Industry in Burkina Faso, Key
Trends and Opportunities to 2017

• Reasons To Buy
• Make strategic business decisions using in-depth
  historic and forecast industry data related to
  the Burkinabe insurance industry and each segment
  within it.
• Understand the demand-side dynamics, key trends
  and growth opportunities within the Burkinabe
  insurance industry.
• Assess the competitive dynamics in the Burkinabe
  insurance industry.
• Identify the growth opportunities and market
  dynamics within key segments.
• Gain insights into key regulations governing the
  Burkinabe insurance industry and its impact on
  companies and the industry's future.

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6
The Insurance Industry in Burkina Faso, Key
Trends and Opportunities to 2017

• Key Highlights
• In terms of gross written premium, Burkina Faso
  has one of the smallest insurance industries in
  West Africa
• There were only 11 insurance companies and one
  reinsurance firm operating in the country, of
  which seven operated in the non-life insurance
  segment and four in the life insurance segment
• The higher interest rate of life insurance
  savings in comparison to general banking and
  additional facilities such as life cover
  encouraged the population to invest in individual
  life insurance products
• Explore thousands of market research reports on
  any other business research / market intelligence
  need on the Banking Financial Services market
  at http//marketreportsstore.com/category/banking-
  finance/ .

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