Country Dashboards

12 mn
US$8 bn
Inflation rate

Insurance Premiums

Total Premiums
Insurance market data
Life premium volume (USD) 8 mn
Non-life premium volume (USD) 28 mn
Total premium volume 36 mn
Total premium volume (RWF) 21 bn
Insurance penetration: Premiums in % of GDP 0.63%
Insurance density: Premium / capita USD 3.58
Local currency RWF
Market Composition
Domestic life insurers
Domestic non-life insurers
Domestic composite insurers
Foreign life insurers
Foreign non-life insurers
Foreign composite insurers
Domestic reinsurers
Foreign reinsurers
State-owned insurers
State-owned reinsurers
Insurance intermediaries
Reinsurance intermediaries

Regulatory Provisions

Scope of insurance regulation and supervision
Overarching principle in insurance supervision unknown
Requirement for minimum insurance rates unknown
Cross-border insurance allowed
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 unknown
Insurance companies in difficulties
Established guarantee or policyholder protection fund unknown
The Africa Re office that supports this location is: