Country Dashboards

1 mn
US$4 bn
Inflation rate

Insurance Premiums

Total Premiums
Insurance market data
Life premium volume (USD) 613,789
Non-life premium volume (USD) 13 mn
Total premium volume 14 mn
Total premium volume (DJF) 2 bn
Insurance penetration: Premiums in % of GDP 0.89%
Insurance density: Premium / capita USD 16.3
Local currency DJF
Market Composition
Domestic life insurers 0
Domestic non-life insurers 0
Domestic composite insurers 3
Foreign life insurers 0
Foreign non-life insurers 0
Foreign composite insurers 0
Domestic reinsurers 0
Foreign reinsurers 0
State-owned insurers 0
State-owned reinsurers 0
Insurance intermediaries 0
Reinsurance intermediaries 0
Insurance Regulatory Authority
Cité ministérielle BP:13 Djibouti. République de Djibouti

Regulatory Provisions

Scope of insurance regulation and supervision
Overarching principle in insurance supervision Material supervision
Requirement for minimum insurance rates No
Cross-border insurance allowed Yes
Bancassurance is allowed No
Allowed ownership structures Stock Companies
Foreign ownership restrictions No
Minimum capital requirement DJF 100,000,000
Minimum paid-up share capital DJF 100,000,000
Requirement for independent audits Yes
Requirement to appoint actuaries No
Premium rate approval needed No
On-Going Supervision
Solvency referred to as the difference between assets and liabilities No
RBC (Risk-based capital) principles applied Yes
Ceded reinsurance is regarded as a permissible asset Yes
Compulsory insurance lines Motor TPL & Marine Cargo Imported
Compulsory reinsurance cessions Yes
Insurance companies in difficulties
Established guarantee or policyholder protection fund No
The Africa Re office that supports this location is: