Research and Markets: The Insurance Industry in Burkina Faso, Key Trends and Opportunities to 2017.

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Research and Markets ( has announced the addition of the "The Insurance Industry in Burkina Faso, Key Trends and Opportunities to 2017." report to their offering.

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).

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

Key Topics Covered:

1 Executive Summary

2 Introduction

3 Burkinabe Insurance Industry Overview

4 Industry Segmentation

5 Competitive Landscape

6 Economic Indicators

7 Appendix

Companies Mentioned:

  • Allianz Insurance Burkina
  • Colina SA
  • General Insurance
  • Raynal Assurances SA
  • Society National Insurance and Reinsurance (SONAR)
  • Union of Burkina Insurance

For more information visit

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


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