Report on all CIMA insurance markets Financial year 2021 In 2021, international economic activity was marked by a recovery linked, among other things, to the deployment of vaccination against Covid-19, combined with budgetary and monetary measures aimed at relaunching economies. The growth rate of global Gross Domestic Product (GDP) stood at 5.9% in 2021 compared to -3.1% in 2020. Economic growth in sub-Saharan Africa, as in other regions of the world, has rebounded. The growth rate of sub-Saharan GDP increased from -1.9% in 2020 to 4.7% in 2021, following the boost from increased exports and commodity prices, as well as the recovery household consumption and private investment. In the CIMA zone, activity has returned to a sustained pace within the UEMOA with a GDP growth rate established at 6.0% in 2021 compared to 0.9% in 2020; it experienced an improvement in CEMAC countries where GDP increased, from a growth rate of -2.9% in 2020 to 1.5% in 2021. In this generally favorable economic environment, the main indicators of the insurance industry in the CIMA zone increased in 2021, notably with an increase of 10.2% in premiums written in life and non-life insurance. Télécharger (PDF, 7.13MB)
