The Insurance Industry in Burkina Faso, Key Trends and Opportunities to 2022

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

$1450
Buy Report Download FREE Resources

Published: June 30, 2018 Report Code: GDIS1698MR-ST

Select Item

This report provides detailed analysis of the market trends, drivers and challenges in the Burkinabé insurance industry.

It provides key performance indicators such as written premium and claims during the review period (2013-2017) and forecast period (2017-2022).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Burkinabé economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together GlobalData’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

GlobalData’s 'The Insurance Industry in Burkina Faso, Key Trends and Opportunities to 2022' report provides in-depth market analysis, information and insights into the Burkinabé insurance industry, including –
– The Burkinabé insurance industry's growth prospects by segment and category
– A comprehensive overview of the Burkinabé economy and demographics
– Details of the competitive landscape in the Burkinabé insurance industry
– The various distribution channels in the Burkinabé insurance industry
– Details of regulatory policy applicable to the Burkinabé insurance industry
– Analysis of natural hazards in the Burkinabé insurance industry.

Key Highlights

– Mobile network operators (MNOs) and microfinance institutions (MFIs) are playing an instrumental role in the development of microinsurance in Burkina Faso.
– On September 5, 2015, the government of Burkina Faso introduced a universal health insurance system (AMU) to offer health cover to the domestic population.
– Based on the approval of the regulatory authority, the Conférence Interafricaine des Marchés d'Assurances (CIMA) Code allows up to 50% of any reinsurance risk to be placed abroad, and more than 50% of risk with unlicensed overseas reinsurers.

Scope

– This report provides a comprehensive analysis of the insurance industry in Burkina Faso.

– It provides historical values for the Burkinabé insurance industry for the report’s 2013-2017 review period, and projected figures for the 2017-2022 forecast period.

– It offers a detailed analysis of the key segments in the Burkinabé insurance industry, with market forecasts to 2022.

– It covers an exhaustive list of parameters, including written premium and claims.

– It analyzes the various distribution channels in Burkina Faso.

– It profiles the top insurance companies in Burkina Faso and outlines the key regulations affecting them.

Reasons to Buy

– Make strategic business decisions using in-depth historic and forecast market data related to the Burkinabé insurance industry and each segment and category within it.

– Understand the demand-side dynamics, key market trends and growth opportunities in the Burkinabé insurance industry.

– Assess the competitive dynamics in the Burkinabé insurance industry.

– Identify the growth opportunities and market dynamics in key segments.

– Gain insights into key regulations governing the Burkinabé insurance industry and their impact on companies and the industry's future.

Societe Nationale D'Assurances Et De Reassurances
Union Des Assurances Du Burkina Vie
Allianz Burkina Assurances
Saham Assurance
Generale Des Assurances
Sunu Assurances
Coris Assurances
CIF Assurances Vie Burkina
Jackson Assurances

Table of Contents

Table of Contents

1 Key Facts and Highlights

2 Executive Summary

3 Economy and Demographics

4 Industry Outlook

4.1 Industry Indicators

4.1.1 Direct written premium

4.1.2 Insurance density

4.1.3 Paid claims

5 Life Insurance Outlook

5.1 Segment Indicators

5.1.1 Direct written premium

5.1.2 Paid claims

5.1.3 Penetration

5.1.4 Assets and investments

6 General Insurance Outlook

6.1 Segment Indicators

6.1.1 Gross written premium

6.1.2 Direct written premium

6.1.3 Paid claims

6.1.4 Penetration

6.1.5 Loss ratio

6.1.6 Assets and investments

6.2 Property Insurance

6.2.1 Direct written premium

6.2.2 Penetration

6.2.3 Profitability

6.3 Motor Insurance

6.3.1 Direct written premium

6.3.2 Penetration

6.3.3 Profitability

6.4 Liability Insurance

6.4.1 Direct written premium

6.4.2 Penetration

6.4.3 Profitability

6.5 Marine, Aviation and Transit Insurance

6.5.1 Direct written premium

6.5.2 Penetration

6.5.3 Profitability

6.6 Personal Accident and Health Insurance

6.6.1 Direct written premium

6.6.2 Penetration

6.6.3 Profitability

6.7 Miscellaneous

6.7.1 Direct written premium

6.7.2 Penetration

6.7.3 Profitability

7 Reinsurance Outlook

7.1 Premium Ceded

8 Distribution Channel Outlook

9 Natural and Man-Made Hazards

9.1 Flooding

9.2 Droughts

9.3 Man Made Hazards

9.4 Epidemics

9.5 Exposure

10 Competitive Landscape

10.1 Company Profiles

10.1.1 Societe Nationale d'Assurances et de Reassurances – company overview

10.1.2 Union Des Assurances Du Burkina – company overview

10.1.3 Allianz Burkina Assurance – company overview

10.1.4 Saham Assurance – company overview

10.1.5 Generale des Assurances – company overview

11 Governance, Risk and Compliance

11.1 Legislation Overview and Historical Evolution

11.2 Latest Changes in Regulation

11.3 Legislation and Market Practice by Type of Insurance

11.3.1 Life insurance

11.3.2 Property insurance

11.3.3 Motor insurance

11.3.4 Liability insurance

11.3.5 Marine, aviation and transit insurance

11.3.6 Personal accident and health insurance

11.4 Compulsory Insurance

11.4.1 Motor third-party liability insurance

11.4.2 Professional indemnity insurance for insurance intermediaries

11.4.3 Worker’s compensation

11.5 Supervision and Control

11.5.1 International Association of Insurance Supervisors

11.5.2 Commission Regional des Assurances

11.5.3 Directions Nationales des Assurances

11.6 Non-Admitted Insurance Regulations

11.6.1 Overview

11.6.2 Intermediaries

11.6.3 Market practices

11.6.4 Fines and Penalties

11.7 Company Registration and Operations

11.7.1 Type of insurance organization

11.7.2 Establishing a local company

11.7.3 Foreign ownership

11.7.4 Types of license

11.7.5 Capital requirements

11.7.6 Solvency margin

11.7.7 Reserve requirements

11.7.8 Investment regulations

11.7.9 Statutory return requirements

11.7.10 Fee structure

11.8 Taxation

11.8.1 Insurance premium or policy taxation

11.8.2 Withholding taxes on premium paid overseas

11.8.3 Corporate tax

11.8.4 VAT

11.8.5 Captives

11.9 Legal System

11.9.1 Introduction

11.9.2 Access to court

11.9.3 Alternative dispute resolution

12 Databook

12.1 Life Insurance

12.1.1 Policies and premium

12.1.2 Claims and expenses

12.1.3 Assets and investments

12.2 General Insurance

12.2.1 Policies and premium

12.2.2 Claims and expenses

12.2.3 Assets and investments

12.2.4 Property insurance

12.2.5 Property insurance by category

12.2.6 Motor insurance

12.2.7 Motor insurance by category

12.2.8 Liability insurance

12.2.9 Marine, aviation and transit insurance

12.2.10 Marine, aviation and transit insurance by category

12.2.11 Personal accident and health insurance

12.2.12 Miscellaneous

13 Definitions and Methodology

13.1 Definitions

13.2 Methodology

14 About GlobalData

14.1 Contact GlobalData

14.2 About GlobalData

14.3 GlobalData’s Services

14.4 Disclaimer

Table

List of Tables

Table 1: Burkinabé Insurance Industry – Key Facts, 2017

Table 2: Burkinabé Insurance Industry – Industry Shares of the Top Insurers, 2017

Table 3: Burkinabé Government Credit Ratings

Table 4: Burkinabé Insurance Industry – Direct Written Premium (XOF Billion and US$ Million), 2013-2017

Table 5: Burkinabé Insurance Industry – Direct Written Premium (XOF Billion and US$ Million), 2017-2022

Table 6: Burkinabé Insurance Industry – Density (XOF), 2013-2017

Table 7: Burkinabé Insurance Industry – Density (XOF), 2017-2022

Table 8: Burkinabé Insurance Industry – Paid Claims (XOF Billion and US$ Million), 2013-2017

Table 9: Burkinabé Insurance Industry – Paid Claims (XOF Billion and US$ Million), 2017-2022

Table 10: Burkinabé Life Insurance – Direct Written Premium (XOF Billion and US$ Million), 2013-2017

Table 11: Burkinabé Life Insurance – Direct Written Premium (XOF Billion and US$ Million), 2017-2022

Table 12: Burkinabé Life Insurance – Paid Claims (XOF Billion and US$ Million), 2013-2017

Table 13: Burkinabé Life Insurance – Paid Claims (XOF Billion and US$ Million), 2017-2022

Table 14: Burkinabé Life Insurance – Total Investment Income (XOF Billion and US$ Million), 2013-2017

Table 15: Burkinabé Life Insurance – Total Investment Income (XOF Billion and US$ Million), 2017-2022

Table 16: Burkinabé Life Insurance – Investment Portfolio (XOF Billion), 2013-2017

Table 17: Burkinabé Life Insurance – Investment Portfolio (XOF Billion), 2017-2022

Table 18: Burkinabé General Insurance – Gross Written Premium (XOF Billion and US$ Million), 2013-2017

Table 19: Burkinabé General Insurance – Gross Written Premium (XOF Billion and US$ Million), 2017-2022

Table 20: Burkinabé General Insurance – Direct Written Premium (XOF Billion and US$ Million), 2013-2017

Table 21: Burkinabé General Insurance – Direct Written Premium (XOF Billion and US$ Million), 2017-2022

Table 22: Burkinabé General Insurance – Paid Claims (XOF Billion and US$ Million), 2013-2017

Table 23: Burkinabé General Insurance – Paid Claims (XOF Billion and US$ Million), 2017-2022

Table 24: Burkinabé General Insurance – Total Investment Income (XOF Billion and US$ Million), 2013-2017

Table 25: Burkinabé General Insurance – Total Investment Income (XOF Billion and US$ Million), 2017-2022

Table 26: Burkinabé General Insurance – Investment Portfolio (XOF Billion), 2013-2017

Table 27: Burkinabé General Insurance – Investment Portfolio (XOF Billion), 2017-2022

Table 28: Burkinabé Property Insurance – Direct Written Premium (XOF Billion and US$ Billion), 2013-2017

Table 29: Burkinabé Property Insurance – Direct Written Premium (XOF Billion and US$ Billion), 2017-2022

Table 30: Burkinabé Property Insurance – Loss Ratio (%), 2013-2017

Table 31: Burkinabé Property Insurance – Loss Ratio (%), 2017-2022

Table 32: Burkinabé Motor Insurance – Direct Written Premium (XOF Billion and US$ Million), 2013-2017

Table 33: Burkinabé Motor Insurance – Gross Written Premium (XOF Billion and US$ Million), 2017-2022

Table 34: Burkinabé Motor Insurance – Loss Ratio (%), 2013-2017

Table 35: Burkinabé Motor Insurance – Loss Ratio (%), 2017-2022

Table 36: Burkinabé Liability Insurance – Direct Written Premium (XOF Billion and US$ Million), 2013-2017

Table 37: Burkinabé Liability Insurance – Direct Written Premium (XOF Billion and US$ Million), 2017-2022

Table 38: Burkinabé Liability Insurance – Loss Ratio (%), 2013-2017

Table 39: Burkinabé Liability Insurance – Loss Ratio (%), 2017-2022

Table 40: Burkinabé Marine, Aviation and Transit Insurance – Direct Written Premium (XOF Billion and US$ Million), 2013-2017

Table 41: Burkinabé Marine, Aviation and Transit Insurance – Direct Written Premium (XOF Billion and US$ Million), 2017-2022

Table 42: Burkinabé Marine, Aviation and Transit Insurance – Loss Ratio (%), 2013-2017

Table 43: Burkinabé Marine, Aviation and Transit Insurance – Loss Ratio (%), 2017-2022

Table 44: Burkinabé Personal Accident and Health Insurance – Direct Written Premium (XOF Billion and US$ Billion), 2013-2017

Table 45: Burkinabé Personal Accident and Health Insurance – Direct Written Premium (XOF Billion and US$ Million), 2017-2022

Table 46: Burkinabé Personal Accident and Health Insurance – Loss Ratio (%), 2013-2017

Table 47: Burkinabé Personal Accident and Health Insurance – Loss Ratio (%), 2017-2022

Table 48: Burkinabé Miscellaneous – Direct Written Premium (XOF Billion and US$ Million), 2013-2017

Table 49: Burkinabé Miscellaneous – Direct Written Premium (XOF Billion and US$ Million), 2017-2022

Table 50: Burkinabé Miscellaneous – Loss Ratio (%), 2013-2017

Table 51: Burkinabé Miscellaneous – Loss Ratio (%), 2017-2022

Table 52: Burkinabé Reinsurance – Premium Ceded by Insurance Segment (XOF Billion), 2013-2017

Table 53: Burkinabé Reinsurance – Premium Ceded by Insurance Segment (XOF Billion), 2017-2022

Table 54: Burkinabé Insurance Industry – Market Share of Leading Insurers (%), 2016

Table 55: Burkinabé Insurance Industry – Market Share of Life Insurers (%), 2016

Table 56: Burkinabé Insurance Industry – Market Share of General Insurers (%), 2016

Table 57: Societe Nationale d'Assurances et de Reassurances – Key Facts

Table 58: Union des Assurances du Burkina – Key Facts

Table 59: Allianz Burkina Assurance – Key Facts

Table 60: Saham Assurance – Key Facts

Table 61: Generale des Assurances – Key Facts

Table 62: Burkina Faso – Insurance Regulatory Framework Key Features

Table 63: Burkina Faso – Intermediary Remuneration Rates

Table 64: Burkina Faso – Life Insurance Regulatory Framework

Table 65: Burkina Faso – Property Insurance Regulatory Framework

Table 66: Burkina Faso – Motor Insurance Regulatory Framework

Table 67: Burkina Faso – Liability Insurance Regulatory Framework

Table 68: Burkina Faso – Insurance Premium Tax Rates

Table 69: Burkina Faso – Corporate Tax Rates for the Financial Year 2017

Table 70: Burkinabé Life Insurance – Policies and Premium, 2013-2017

Table 71: Burkinabé Life Insurance – Policies and Premium, 2017-2022

Table 72: Burkinabé Life Insurance – Claims and Expenses, 2013-2017

Table 73: Burkinabé Life Insurance – Claims and Expenses, 2017-2022

Table 74: Burkinabé Life Insurance – Assets and Investments, 2013-2017

Table 75: Burkinabé Life Insurance – Assets and Investments, 2017-2022

Table 76: Burkinabé General Insurance – Policies and Premium, 2013-2017

Table 77: Burkinabé General Insurance – Policies and Premium, 2017-2022

Table 78: Burkinabé General Insurance – Claims and Expenses, 2013-2017

Table 79: Burkinabé General Insurance – Claims and Expenses, 2017-2022

Table 80: Burkinabé General Insurance – Assets and Investments, 2013-2017

Table 81: Burkinabé General Insurance – Assets and Investments, 2017-2022

Table 82: Burkinabé General Insurance – Property Insurance, 2013-2017

Table 83: Burkinabé General Insurance – Property Insurance, 2017-2022

Table 84: Burkinabé General Insurance – Property Insurance by Category, 2013-2017

Table 85: Burkinabé General Insurance – Property Insurance by Category, 2017-2022

Table 86: Burkinabé General Insurance – Motor Insurance, 2013-2017

Table 87: Burkinabé General Insurance – Motor Insurance, 2017-2022

Table 88: Burkinabé General Insurance – Motor Insurance by Category, 2013-2017

Table 89: Burkinabé General Insurance – Motor Insurance by Category, 2017-2022

Table 90: Burkinabé General Insurance – Liability Insurance, 2013-2017

Table 91: Burkinabé General Insurance – Liability Insurance, 2017-2022

Table 92: Burkinabé General Insurance – Marine, Aviation and Transit Insurance, 2013-2017

Table 93: Burkinabé General Insurance – Marine, Aviation and Transit Insurance, 2017-2022

Table 94: Burkinabé General Insurance – Marine Aviation and Transit Insurance by Category, 2013-2017

Table 95: Burkinabé General Insurance – Marine Aviation and Transit Insurance by Category, 2017-2022

Table 96: Burkinabé General Insurance – Personal Accident and Health Insurance, 2013-2017

Table 97: Burkinabé General Insurance – Personal Accident and Health Insurance, 2017-2022

Table 98: Burkinabé General Insurance – Miscellaneous, 2013-2017

Table 99: Burkinabé General Insurance – Miscellaneous, 2017-2022

Table 100: Insurance Industry Definitions

Figures

List of Figures

Figure 1: Burkinabé Real GDP (XOF Trillion), 2013-2022

Figure 2: Burkinabé Exchange Rate (XOF per US$), 2013-2022

Figure 3: Burkinabé Consumer Price Inflation (%), 2013-2022

Figure 4: Burkinabé Current Account Balance as Percentage of GDP (%), 2013-2017

Figure 5: Burkinabé Unemployment Rate, 2013-2022

Figure 6: Burkinabé Population by Age Group, 2013-2022

Figure 7: Burkinabé Insurance Industry – Direct Written Premium (XOF Billion), 2013-2022

Figure 8: Burkinabé Insurance Industry – Density (XOF), 2013-2022

Figure 9: Burkinabé Insurance Industry – Paid Claims (XOF Billion), 2013-2022

Figure 10: Burkinabé Life Insurance – Direct Written Premium (XOF Billion), 2013-2022

Figure 11: Burkinabé Life Insurance – Paid Claims (XOF Billion), 2013-2022

Figure 12: Burkinabé Life Insurance – Penetration (%), 2013-2017

Figure 13: Burkinabé Life Insurance – Penetration (%), 2017-2022

Figure 14: Burkinabé Life Insurance – Total Investment Income (XOF Billion), 2013-2022

Figure 15: Burkinabé Life Insurance – Investment Portfolio (XOF Billion), 2013-2022

Figure 16: Burkinabé Life Insurance – Investment Portfolio Dynamics (XOF Billion), 2013-2022

Figure 17: Burkinabé General Insurance – Gross Written Premium (XOF Billion), 2013-2022

Figure 18: Burkinabé General Insurance – Direct Written Premium (XOF Billion), 2013-2022

Figure 19: Burkinabé General Insurance – Paid Claims (XOF Billion), 2013-2022

Figure 20: Burkinabé General Insurance – Penetration (%), 2013-2017

Figure 21: Burkinabé General Insurance – Penetration (%), 2017-2022

Figure 22: Burkinabé General Insurance – Loss Ratio (%), 2013-2017

Figure 23: Burkinabé General Insurance – Loss Ratio (%), 2017-2022

Figure 24: Burkinabé General Insurance – Total Investment Income (XOF Billion), 2013-2022

Figure 25: Burkinabé General Insurance – Investment Portfolio (XOF Billion), 2013-2022

Figure 26: Burkinabé General Insurance – Investment Portfolio Dynamics (XOF Billion), 2013-2022

Figure 27: Burkinabé Property Insurance – Direct Written Premium (XOF Billion), 2013-2022

Figure 28: Burkinabé Property Insurance – Penetration (%), 2013-2017

Figure 29: Burkinabé Property Insurance – Penetration (%), 2017-2022

Figure 30: Burkinabé Property Insurance – Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022

Figure 31: Burkinabé Motor Insurance – Direct Written Premium (XOF Billion), 2013-2022

Figure 32: Burkinabé Motor Insurance – Penetration (%), 2013-2017

Figure 33: Burkinabé Motor Insurance – Penetration (%), 2017-2022

Figure 34: Burkinabé Motor Insurance – Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022

Figure 35: Burkinabé Liability Insurance – Direct Written Premium (XOF Billion), 2013-2022

Figure 36: Burkinabé Liability Insurance – Penetration (%), 2013-2017

Figure 37: Burkinabé Liability Insurance – Penetration (%), 2017-2022

Figure 38: Burkinabé Liability Insurance – Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022

Figure 39: Burkinabé Marine, Aviation and Transit Insurance – Direct Written Premium (XOF Billion), 2013-2022

Figure 40: Burkinabé Marine, Aviation and Transit Insurance – Penetration (%), 2013-2017

Figure 41: Burkinabé Marine, Aviation and Transit Insurance – Penetration (%), 2017-2022

Figure 42: Burkinabé Marine, Aviation and Transit Insurance – Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022

Figure 43: Burkinabé Personal Accident and Health Insurance – Direct Written Premium (XOF Billion), 2013-2022

Figure 44: Burkinabé Personal Accident and Health Insurance – Penetration (%), 2013-2017

Figure 45: Burkinabé Personal Accident and Health Insurance – Penetration (%), 2017-2022

Figure 46: Burkinabé Personal Accident and Health Insurance – Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022

Figure 47: Burkinabé Miscellaneous – Direct Written Premium (XOF Billion), 2013-2022

Figure 48: Burkinabé Miscellaneous – Penetration (%), 2013-2017

Figure 49: Burkinabé Miscellaneous – Penetration (%), 2017-2022

Figure 50: Burkinabé Miscellaneous – Earned Premium, Incurred Loss and Loss Ratio (XOF Billion and %), 2013-2022

Figure 51: Burkinabé Reinsurance – Premium Ceded by Insurance Segment (XOF Billion), 2013-2022

Figure 52: Burkinabé General Insurance – Percentage of Reinsurance Ceded (%), 2013-2022

Figure 53: Burkinabé Insurance Industry – Market Share of Leading Insurers (%), 2016

Figure 54: Burkinabé Insurance Industry – Market Share of Life Insurers (%), 2016

Figure 55: Burkinabé Insurance Industry – Market Share of General Insurers (%), 2016

Figure 56: Burkina Faso – Insurance Supervision and Control at Various Levels

Figure 57: Burkina Faso – Insurance Regulatory Frameworks for Company Registration and Operation

Frequently asked questions

The Insurance Industry in Burkina Faso, Key Trends and Opportunities to 2022 standard reports
Currency USD
$1,450

Can be used by individual purchaser only

Most Popular
$2,900

Can be shared by unlimited users within one corporate location e.g. a regional office

$4,350

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Add to Basket

Undecided about purchasing this report?

Enquire Before Buying Download FREE Resources

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Sample Report

The Insurance Industry in Burkina Faso, Key Trends and Opportunities to 2022 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying
testimonial-image
testimonial-image
testimonial-image
testimonial-image
testimonial-image
testimonial-image
testimonial-image

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

 Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

 Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

 Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

 Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

 Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

 Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

 Senior Account Manager, TSYS

Related reports

View more Financial Services reports
Financial Services
New
Global Cyber Insurance Market 2026
$3,450 | October 2026
Financial Services
New
Norway Cards and Payments: Opportunities and Risks to 2030
$2,750 | October 2026
Financial Services
New
Argentina Cards and Payments: Opportunities and Risks to 2030
$2,750 | October 2026
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at The Insurance Industry in Burkina Faso, Key Trends and Opportunities to 2022 in real time.

  • Access a live The Insurance Industry in Burkina Faso, Key Trends and Opportunities to 2022 dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.
Tell me more