Saham Assurance Togo, a subsidiary of the insurance group of the same name, topped the ranking of Togolese insurance companies in terms of sales at 31 December 2017.
Indeed, according to the results consulted by Financial Afrik, NSIA Assurance, the historical leader of the market, was grilled politeness by the Moroccan who finished the year with 8.55 billion FCFA at 31 December 2017 (25% the general share by branch), against 7.68 billion for the Ivorian insurer (22%).
The Ivorian insurer had total revenues of 7.22 billion and 7.45 billion respectively in 2015 and 2016, compared with 7.17 billion and 7.37 billion for Saham over the same periods. The duo is followed by Sunu Assurance (15%), GTA-C2A (14%) and Ogar Assurance (10%).
The Togolese non-life insurance market is made up of 7 companies with total sales of 34.05 billion as of December 31, 2017, compared with 29.68 billion a year earlier.
