The latest activity report of the Central Bank of the Republic of Guinea (BCRG) indicated that the Guinean insurance market closed 2022 with a turnover of 829.58 billion GNF (97 million dollars), up 17% compared to 2021. NSIA ASSURANCES dominates the market

NSIA ASSURANCES recorded a market share of 25.67%, followed by UGAR ACTIVA (22.44%) and then ACTIVA VIE with 11.48%, which closed the top 3. The performances recorded by NSIA Assurances, with a growth rate of 177.96% compared to 2021, helped support this growth in sales. Noted that the Guinean insurance market has 13 companies, 12 of which operate under the status of a public limited company and one incorporated as a mutual company