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The Insurance Industry in Senegal, Key Trends and Opportunities to 2020

The Insurance Industry in Senegal, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'The Insurance Industry in Senegal, Key Trends and Opportunities to 2020' report provides a detailed analysis of Senegalese insurance industry.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review (2011–2015) and forecast periods (2015–2020).

The report also gives a comprehensive overview of Senegalese economy and demographics, and provides detailed information on the competitive landscape in the country. It also includes the impact of natural hazards on the insurance industry.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations and recent changes in the regulatory structure.

Summary

Timetric’s 'The Insurance Industry in Senegal, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into Senegalese insurance industry, including:

  • An overview of Senegalese insurance industry
  • The Senegalese insurance industry's growth prospects by segment and category
  • A comprehensive overview of Senegalese economy and demographics
  • The detailed competitive landscape in the Senegalese insurance industry
  • Detailed regulatory policies of the Senegalese insurance industry
  • An analysis of natural hazards in the Senegalese insurance industry
Scope

This report provides a comprehensive analysis of the insurance industry in Senegal:
  • It provides historical values for Senegalese insurance industry for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key segments in Senegalese insurance industry, with market forecasts to 2020.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.
  • It profiles the top insurance companies in Senegal, and highlights their recent developments.
  • It covers the economy and demographics structure of Senegal.
  • It analyzes the impact of natural hazards in Senegalese insurance industry.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to Senegalese insurance industry and each segment and category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in Senegalese insurance industry.
  • Assess the competitive dynamics in Senegalese insurance industry.
  • Identify the growth opportunities and market dynamics in key segments.
  • Gain insights into key regulations governing Senegalese insurance industry and their impact on companies and the industry's future.
Key Highlights
  • According to the International Monetary Fund (IMF), the country’s economic growth rose to 6.5% in 2015.
  • Life segment growth was driven by group life insurance, which accounted for 69.8% of the life gross written premium in 2015.
  • Motor third-party liability, cargo and worker’s compensation insurance are mandatory in the country.
  • According to the International Finance Corporation, more than 65% of the Senegalese population did not have access to health insurance in 2014.


  • Key Facts and Highlights
    • Table Senegalese Insurance Industry - Key Facts, 2015
    • Table Senegalese Insurance Industry - Leading Insurers, 2014
  • Executive Summary
  • Economy and Demography
    • Table Senegalese Government Credit Ratings
  • Industry Outlook
    • Regional Comparison
    • Industry Indicators
      • Gross written premium
        • Table Senegalese Insurance Industry - Gross Written Premium by Segment (XOF Billion), 2011-2015
        • Table Senegalese Insurance Industry - Gross Written Premium by Segment (XOF Billion), 2015-2020
        • Table Senegalese Insurance Industry - Density Segment (XOF), 2011-2015
        • Table Senegalese Insurance Industry - Density by Segment (XOF), 2015-2020
      • Claims
        • Table Senegalese Insurance Industry - Paid Claims by Segment (XOF Billion), 2011-2015
        • Table Senegalese Insurance Industry - Paid Claims by Segment (XOF Billion), 2015-2020
      • Assets and investments
        • Table Senegalese Insurance Industry - Total Investment Income by Segment (XOF Billion), 2011-2015
        • Table Senegalese Insurance Industry - Total Investment Income by Segment (XOF Billion), 2015-2020
        • Table Senegalese Insurance Industry - Life Insurance Investment Portfolio (XOF Billion), 2011-2015
        • Table Senegalese Insurance Industry - Life Insurance Investment Portfolio (XOF Billion), 2015-2020
        • Table Senegalese Insurance Industry - Non-Life Insurance Investment Portfolio (XOF Billion), 2011-2015
        • Table Senegalese Insurance Industry - Non-Life Insurance Investment Portfolio (XOF Billion), 2015-2020
        • Table Senegalese Insurance Industry - Personal Accident and Health Insurance Investment Portfolio (XOF Billion), 2011-2015
        • Table Senegalese Insurance Industry - Personal Accident and Health Insurance Investment Portfolio (XOF Billion), 2015-2020
  • Life Insurance Outlook
    • Individual Life Insurance
      • Gross written premium
        • Table Senegalese Individual Life Insurance - Gross Written Premium (XOF Billion and US$ Million), 2011-2015
        • Table Senegalese Individual Life Insurance - Gross Written Premium (XOF Billion and US$ Million), 2015-2020
    • Group Life Insurance
      • Gross written premium
        • Table Senegalese Group Life Insurance - Gross Written Premium (XOF Billion and US$ Million), 2011-2015
        • Table Senegalese Group Life Insurance - Gross Written Premium (XOF Billion and US$ Million), 2015-2020
  • Non-Life Insurance Outlook
    • Property Insurance
      • Gross written premium
        • Table Senegalese Property Insurance - Gross Written Premium (XOF Billion and US$ Million), 2011-2015
        • Table Senegalese Property Insurance - Gross Written Premium (XOF Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Senegalese Property Insurance - Loss Ratio (%), 2011-2015
        • Table Senegalese Property Insurance - Loss Ratio (%), 2015-2020
    • Motor Insurance
      • Gross written premium
        • Table Senegalese Motor Insurance - Gross Written Premium (XOF Billion and US$ Million), 2011-2015
        • Table Senegalese Motor Insurance - Gross Written Premium (XOF Billion and US$ Million), 2015-2020
      • Profitability
        • Table Senegalese Motor Insurance - Loss Ratio (%), 2011-2015
        • Table Senegalese Motor Insurance - Loss Ratio (%), 2015-2020
    • Liability Insurance
      • Gross written premium
        • Table Senegalese Liability Insurance - Gross Written Premium (XOF Billion and US$ Million), 2011-2015
        • Table Senegalese Liability Insurance - Gross Written Premium (XOF Billion and US$ Million), 2015-2020
      • Profitability
        • Table Senegalese Liability Insurance - Loss Ratio (%), 2011-2015
        • Table Senegalese Liability Insurance - Loss Ratio (%), 2015-2020
    • Marine, Aviation and Transit Insurance
      • Gross written premium
        • Table Senegalese Marine, Aviation and Transit Insurance - Gross Written Premium (XOF Billion and US$ Million), 2011-2015
        • Table Senegalese Marine, Aviation and Transit Insurance - Gross Written Premium (XOF Billion and US$ Million), 2015-2020
      • Profitability
        • Table Senegalese Marine, Aviation and Transit Insurance - Loss Ratio (%), 2011-2015
        • Table Senegalese Marine, Aviation and Transit Insurance - Loss Ratio (%), 2015-2020
  • Personal Accident and Health Insurance Outlook
    • Personal Accident and Health Insurance
      • Gross written premium
        • Table Senegalese Personal Accident and Health Insurance - Gross Written Premium (XOF Billion and US$ Million), 2011-2015
        • Table Senegalese Personal Accident and Health Insurance - Gross Written Premium (XOF Billion and US$ Million), 2015-2020
      • Penetration
      • Claims
        • Table Senegalese Personal Accident and Health Insurance - Paid Claims (XOF Billion and US$ Million), 2011-2015
        • Table Senegalese Personal Accident and Health Insurance - Paid Claims (XOF Billion and US$ Million), 2015-2020
      • Profitability
        • Table Senegalese Personal Accident and Health Insurance - Loss Ratio (%), 2011-2015
        • Table Senegalese Personal Accident and Health Insurance - Loss Ratio (%), 2015-2020
  • Reinsurance Outlook
    • Premium Ceded
      • Table Senegalese Reinsurance - Premium Ceded by Insurance Segment (XOF Billion), 2011-2015
      • Table Senegalese Reinsurance - Premium Ceded by Insurance Segment (XOF Billion), 2015-2020
  • Distribution Channel Outlook
  • Natural Hazards
    • Flooding
    • Droughts
    • Epidemics
    • Exposure
  • Competitive Landscape
    • Table Senegalese Insurance Industry - Leading Life Insurers, 2014
    • Table Senegalese Insurance Industry - Leading Non-Life Insurers, 2014
    • Company Profiles
      • Sonam Assurances Group - company overview
        • Table Sonam Assurances Group - Key Facts
      • Allianz Sénégal Assurances Vie - company overview
        • Table Allianz Sénégal Assurances Vie - Key Facts
      • Axa Assurances SA - company overview
        • Table Axa Assurances SA - Key Facts
      • NSIA Sénégal Assurances - company overview
        • Table Nsia Sénégal Assurances - Key Facts
      • SAHAM Assurances SA - company overview
        • Table SAHAM Assurances SA - Key Facts
  • Governance, Risk and Compliance
    • Table Senegal - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Table Senegal - Insurance Intermediary Remuneration
      • Life Insurance
        • Table Senegal - Life Insurance Regulatory Framework
      • Property Insurance
        • Table Senegal - Property Insurance Regulatory Framework
      • Motor Insurance
        • Table Senegal - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Senegal - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third party liability insurance
      • Professional indemnity insurance for insurance intermediaries
      • Workmen's compensation
    • Supervision and Control
      • International Association of Insurance Supervisors
      • Commission Regional des Assurances (CRCA)
      • Directions des Assurances (DA)
    • Non-Admitted Insurance Regulation
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
        • Table Senegal - Taxes on Insurance Premiums
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Senegal - Corporate Tax Rates for the Financial Year 2016
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Databook
    • Life Insurance
      • Policies and premium
        • Table Senegalese Life Insurance - Policies and Premium, 2011-2015
        • Table Senegalese Life Insurance - Policies and Premium, 2015-2020
      • Claims and expenses
        • Table Senegalese Life Insurance - Claims and Expenses, 2011-2015
        • Table Senegalese Life Insurance - Claims and Expenses, 2015-2020
      • Assets and investments
        • Table Senegalese Life Insurance - Assets and Investments, 2011-2015
        • Table Senegalese Life Insurance - Assets and Investments, 2015-2020
      • Individual life insurance
        • Table Senegalese Life Insurance - Individual Life Insurance, 2011-2015
        • Table Senegalese Life Insurance - Individual Life Insurance, 2015-2020
      • Individual life insurance by product
        • Table Senegalese Life Insurance - Individual Life Insurance by Product, 2011-2015
        • Table Senegalese Life Insurance - Individual Life Insurance by Product, 2015-2020
      • Group life insurance
        • Table Senegalese Life Insurance - Group Life Insurance, 2011-2015
        • Table Senegalese Life Insurance - Group Life Insurance, 2015-2020
      • Group life insurance by product
        • Table Senegalese Life Insurance - Group Life Insurance by Product, 2011-2015
        • Table Senegalese Life Insurance - Group Life Insurance by Product, 2015-2020
      • Non-linked policies
        • Table Senegalese Life Insurance - Linked vs. Non-Linked Policies, 2011-2015
        • Table Senegalese Life Insurance - Linked vs. Non-Linked Policies, 2015-2020
    • Non-Life Insurance
      • Policies and premium
        • Table Senegalese Non-Life Insurance - Policies and Premium, 2011-2015
        • Table Senegalese Non-Life Insurance - Policies and Premium, 2015-2020
      • Claims and expenses
        • Table Senegalese Non-Life Insurance - Claims and Expenses, 2011-2015
        • Table Senegalese Non-Life Insurance - Claims and Expenses, 2015-2020
      • Assets and investments
        • Table Senegalese Non-Life Insurance - Assets and Investments, 2011-2015
        • Table Senegalese Non-Life Insurance - Assets and Investments, 2015-2020
      • Property insurance
        • Table Senegalese Non-Life Insurance - Property Insurance, 2011-2015
        • Table Senegalese Non-Life Insurance - Property Insurance, 2015-2020
      • Property insurance by product
        • Table Senegalese Non-Life Insurance - Property Insurance by Product, 2011-2015
        • Table Senegalese Non-Life Insurance - Property Insurance by Product, 2015-2020
      • Motor insurance
        • Table Senegalese Non-Life Insurance - Motor Insurance, 2011-2015
        • Table Senegalese Non-Life Insurance - Motor Insurance, 2015-2020
      • Motor insurance by product
        • Table Senegalese Non-Life Insurance - Motor Insurance by Product, 2011-2015
        • Table Senegalese Non-Life Insurance - Motor Insurance by Product, 2015-2020
      • Liability insurance
        • Table Senegalese Non-Life Insurance - Liability Insurance, 2011-2015
        • Table Senegalese Non-Life Insurance - Liability Insurance, 2015-2020
      • Marine, aviation and transit insurance
        • Table Senegalese Non-Life Insurance - Marine, Aviation and Transit Insurance, 2011-2015
        • Table Senegalese Non-Life Insurance - Marine, Aviation and Transit Insurance, 2015-2020
    • Personal Accident and Health Insurance
      • Policies and premium
        • Table Senegalese Personal Accident and Health Insurance - Policies and Premium, 2011-2015
        • Table Senegalese Personal Accident and Health Insurance - Policies and Premium, 2015-2020
      • Claims and expenses
        • Table Senegalese Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
        • Table Senegalese Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
      • Assets and investments
        • Table Senegalese Personal Accident and Health Insurance - Assets and Investments, 2011-2015
        • Table Senegalese Personal Accident and Health Insurance - Assets and Investments, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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