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Identity
| Population: 12 771 246 inhabitants | |
| GDP: 13.514 billion USD | |
| GDP per inhabitant: 1 058 USD | |
| GDP growth rate: 5.6% | |
| Inflation rate: 9.5% |
Data as of 31/12/2019, Source: World Bank
The Guinean insurance market: main indicators
| 2019 | |
| Turnover | 45.670 million USD |
| Penetration rate | 0.34% |
| Insurance density | 3.5 USD |
Read also | Guinea insurance news
Structure of the Guinean insurance market
| Composite companies | 5 |
Non life | 6 |
Life | 2 |
| Total | 13 |
Brokers | 46 |
Authorized agents | 90 |
| Total | 136 |
Data as of 31/12/2019, Source: Central Bank of the Republic of Guinea
La Banque Centrale-Direction de la supervision des assurances (DSA) | www.bcrg-guinee.org |
Association Professionnelle des Assureurs de Guinée (APAG) | - |
The Guinean insurance market: premium evolution
Figures in million USD| Activities | 2016 | 2017 | 2018 | 2019 |
Non Life | 26.894 | 30.217 | 35.178 | 35.94 |
Life | 7.778 | 8.965 | 10.087 | 9.73 |
| Total | 34.672 | 39.182 | 45.265 | 45.67 |
Source: Central Bank of the Republic of Guinea
Exchange rate as at 31/12/2016: 1 GNF = 0.00011 USD ; at 31/12/2017: 1 GNF = 0.00011 USD ; at 31/12/2018: 1 GNF = 0,00011 USD ; at 31/12/2019: 1 GNF = 0,00010 USD