Country Dashboards

Population
531000
2016
GDP (USD)
$2 bn
2016
gdp/capita
$3,171
2016
Inflation rate
0.1%
2016

Insurance Premiums

Total Premiums
Insurance market data
Life premium volume (USD) 1 mn
Non-life premium volume (USD) 25 mn
Total premium volume 26 mn
Total premium volume (CVE) 2 bn
Insurance penetration: Premiums in % of GDP 1.56%
Insurance density: Premium / capita USD 53.1
Local currency CVE
Market Composition
Domestic life insurers
Domestic non-life insurers
Domestic composite insurers 2
Foreign life insurers
Foreign non-life insurers
Foreign composite insurers
Domestic reinsurers
Foreign reinsurers
State-owned insurers
State-owned reinsurers
Insurance intermediaries
Reinsurance intermediaries
Insurance Regulatory Authority
Institution
Commission Régionale de Contrôle des Assurances (CRCA) BP 2750 Libreville, Gabon

Regulatory Provisions

Scope of insurance regulation and supervision
Overarching principle in insurance supervision unknown
Requirement for minimum insurance rates unknown
Cross-border insurance allowed
Licensing
Bancassurance is allowed unknown
Allowed ownership structures
Foreign ownership restrictions unknown
Minimum capital requirement
Minimum paid-up share capital
Requirement for independent audits unknown
Requirement to appoint actuaries unknown
Premium rate approval needed unknown
On-Going Supervision
Solvency referred to as the difference between assets and liabilities unknown
RBC (Risk-based capital) principles applied unknown
Ceded reinsurance is regarded as a permissible asset unknown
Compulsory insurance lines
Compulsory reinsurance cessions No
Insurance companies in difficulties
Established guarantee or policyholder protection fund unknown
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