Dynamique du marché IARD : entre expansion et repositionnement sectoriel
The Senegalese property and casualty insurance market, which covers fire, accidents, and various other risks, has seen sustained revenue growth over the past ten years. Premiums collected increased from 86.36 billion FCFA in 2015 to 182.06 billion FCFA in 2024, demonstrating resilience in the face of challenging circumstances such as the Covid-19 crisis.
Each year has shown increases of between 5 and 10%, with a peak of 10.32% reached in 2017. This development reflects a growing maturity of the sector, driven by increased demand for property and liability insurance, as well as by the gradual improvement of risk culture among individuals and businesses.
However, this revenue growth is accompanied by a relative decline in the market share of property and casualty insurance within the overall Senegalese insurance market. While the sector continues to expand in value, its proportional share is decreasing, reflecting in particular the emergence of new segments, such as life insurance and microinsurance, which are gaining ground among individuals and SMEs.
The challenge for the Senegalese property and casualty insurance market will now be to combine quantitative expansion and increased competitiveness, while diversifying offerings and consolidating policyholder confidence in the face of increasingly complex and varied risks.
Commentaires (0)
Participer à la Discussion