List of Insurance Companies Logos and Names of Burkina Faso, Africa – World Insurance Companies Logos. Click on the logos of the insurers for a bunch of up-to-date information offered to each insurer in BURKINA FASO. We want to help you find the best coverage online.
List of Insurance Companies Logos and Names in Burkina Faso
List of Insurance Companies Logos and Names. The graphic mark of a company is synonymous with its brand. In insurance, a logo is immediately recognizable and allows the customer to associate the business with the useful qualities such as trust, the fair price and many other essential questions about the task of finding the best coverage.
The Insurance Industry in Burkina Faso
Burkina Faso’s commercial assurance industry
The commercial assurance industry of Burkina Faso comprises three main company “groups” that deal in personal and business insurances (i.e., excluding those that only focus on trade and investment-related insurances). In order of market share, these are: Société Nationale d’Assurances et de Réassurances (SONAR); Foncias; and Union des Assurances du Burkina (UAB). As is the international trend, the CIMA Code (see 3.2 below) requires that a single company cannot practice both long-term and short-term insurances, thus in the course of the 1990s SONAR and Foncias each divided into two discrete but allied companies, while UAB is still in the process of doing so.
The total turnover of the assurance industry is in the order of 10 to 12 billion FCFA (US$13.5-16), which is around 0.7 per cent of GDP or, more interestingly, just less than the collective savings deposits or loan books of the 21 authorized MFIs. Taking both long term and short-term insurances together, the SONAR group
Much of the commercial insurance business in
This is contrary to what one finds in most countries where on average long-term insurance is 50 percent more important than short-term insurance,
From Microinsurance in Burkina Faso
Burkina Faso, Africa – World Insurance Companies Logos
Look for other insurances companies in the region on the page African Insurance Companies