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Insurance market in Gabon: 24.2% drop in claims paid by insurers in the 2nd quarter of 2024

13/11/2024
Source : ORISHAS FINANCE
Categories: Sectors

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The latest economic note from the Gabonese Ministry of the Economy mentions the increase in claims paid by insurers in Gabon in the second quarter of 2024.

Au Gabon, le chiffre d' affaire du marché des assurances a progressé de 84.8% in the second quarter of 2024. This growth has taken place thanks to the launch of various construction projects in the country. This has created new subscription opportunities. But the total burden of claims paid by insurers in Gabon fell by 24.2%, after falling by 13.6% three months earlier. According to the ministry's note, this reduction is attributed to a 53.7% drop in non-life insurance claims. Claims paid for the life branch increased by 179.3% after a fall of 48.9% in the previous quarter, an increase linked to the acquisition by life insurance companies of

new business.
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