Progress of the Togolese insurance industry in 2017

The Togolese insurance market recorded an 11% increase in premiums in 2017, that is 58 billion FCFA (106 million USD).

It is the non-life class of business which drove growth in the market with a 15% increase and 34 billion FCFA (62 million USD).

Regarding the life branch, it achieved only a 7% growth in one year with a turnover of 24 billion FCFA (43 million USD), against 22.5 billion FCFA (36 million USD) in 2016.