The Insurance Industry in the Central African Republic, Key Trends and Opportunities to 2018

The Central African Republic insurance industry grew at a compound annual growth rate (CAGR) of 10.8% during the review period (2009–2013). The increase was partly a consequence of stable economic development, the nation’s expanding mining industry, and various infrastructure projects centering around the laying of fiber-optic cables, the modernizing transport routes and improving energy capacity. Growth in the life insurance segment, which recorded a review-period CAGR of 18.6%, also supported the growth of the Central African Republic insurance industry during the review period.